BEVERLY, Mass., Feb. 6, 2026 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) ("Axcelis") today announced that its stockholders have voted to approve all proposals related to the Company's pending merger (the "Merger") with Veeco Instruments Inc. (Nasdaq: VECO) at its Special Meeting of Stockholders ("Special Meeting"). ...

PLAINVIEW, N.Y., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) (“Veeco”) today announced that its stockholders have voted to approve all proposals related to the Company’s pending merger (the “Merger”) with Axcelis Technologies, Inc. (Nasdaq: ACLS) (“Axcelis”) at its Special Meeting of Stockholders (“Special Meeting”). The final voting results of the Special Meeting will be reported in a Form 8-K filed by Veeco with the U.S. Securities and Exchange Commission. The completion of the ...

Summary of Veeco Instruments Inc. Special Meeting Company Overview - **Company**: Veeco Instruments Inc. (NasdaqGS:VECO) - **Meeting Date**: February 06, 2026 - **Purpose**: Special meeting of stockholders to discuss and vote on key proposals Key Proposals Discussed 1. **Merger Proposal** - Proposal for the adoption of the Agreement and Plan of Merger dated September 30, 2025, involving Veeco Instruments, Axcelis Technologies, Inc., and Victory Merger Sub, Inc. - The merger will result in Victory Merger Sub, Inc. merging with Veeco, with Veeco becoming a wholly owned subsidiary of Axcelis Technologies, Inc. - Approval requires a majority vote from the holders of the issued and outstanding shares of common stock entitled to vote at the meeting [6][7] 2. **Merger Compensation Proposal** - Non-binding advisory vote on the compensation for the company's named executive officers related to the merger transactions. - Requires a majority of the total votes cast at the meeting for approval [7] 3. **Adjournment Proposal** - Proposal to approve the adjournment of the meeting if necessary to solicit additional proxies or ensure timely provision of any amendments to the proxy statement. - Requires a majority of the total votes cast at the meeting for approval [8] Voting Process - Stockholders had the opportunity to vote virtually or in person. - Voting was conducted via proxy, written ballot, and electronic ballot. - Each share of common stock was entitled to one vote, with a total of 60,297,087 shares outstanding as of the record date [4][8] Meeting Outcomes - The merger proposal, merger compensation proposal, and adjournment proposal were all approved based on preliminary voting results. - Since the merger proposal was approved, the adjournment proposal was not acted upon [11] Additional Information - The results of the voting will be published in a current report on Form 8-K filed with the Securities and Exchange Commission [11] - The meeting concluded with thanks to the stockholders for their attendance and interest in Veeco Instruments, Inc. [11][12]

NEW YORK and NEW ORLEANS, Jan. 7, 2026 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Veeco Instruments Inc. (NasdaqGS: VECO) to Axcelis Technologies, Inc. (NasdaqGS: ACLS). Under the terms of the proposed transaction, shareholders of Veeco will receive 0.3575 Axcelis shares for each share of Veeco that they own. KSF is seeking to determine whether this consideration and the process th ...

MONSEY, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Veeco Instruments, Inc. (Nasdaq: VECO) (“Veeco”) with Axcelis Technologies (“Axcelis”) in an all-stock transaction under which Veeco stockholders will receive 0.3575 shares of Axcelis common stock for each share of Veeco common stock that they own (“Exchange Ratio”). Notably, the Exchange Ratio is fixed and will not be adjusted for changes in the market price of either ...

Core Insights - The wafer fabrication equipment business is characterized by intense competition from established players such as Applied Materials, ASML, and Lam Research [1] Industry Overview - The industry faces significant challenges due to the presence of entrenched major companies that dominate the market [1]

Core Insights - Veeco Instruments Inc. has been selected by a leading semiconductor memory company to evaluate its laser spike annealing (LSA) system for advanced DRAM R&D, marking a significant expansion into the DRAM market [1][2] - The evaluation period is expected to last around one year, with follow-on orders anticipated in 2027 and beyond, indicating a strong potential for future revenue growth [1] - The HBM market is projected to grow at a compound annual growth rate (CAGR) of nearly 30% through 2030, potentially reaching $100 billion or more in annualized revenues, highlighting the increasing demand for advanced memory technologies [3] Company Overview - Veeco is an innovative manufacturer of semiconductor process equipment, specializing in technologies such as ion beam, laser spike annealing, lithography, MOCVD, and single wafer etch & clean [4] - The company's LSA platform is designed to meet the high productivity and performance demands of advanced DRAM and HBM production, making it a preferred solution for tier 1 semiconductor manufacturers [2] - Veeco's LSA technology is positioned to support the evolving needs of the semiconductor industry, particularly as demand for HBM and DRAM rises due to AI workloads and next-generation computing [2]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Company Performance - Veeco Instruments reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, but down from $0.46 per share a year ago, representing an earnings surprise of +28.57% [1] - The company posted revenues of $165.88 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.68%, but down from $184.81 million year-over-year [2] - Over the last four quarters, Veeco has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - Veeco shares have increased by approximately 8.4% since the beginning of the year, compared to the S&P 500's gain of 15.1% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.27 for the coming quarter and $1.27 for the current fiscal year [7] Industry Context - The Electronics - Manufacturing Machinery industry, to which Veeco belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Veeco's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]

Financial Data and Key Metrics Changes - Third-quarter revenue was $166 million, exceeding the midpoint of prior guidance of $160 million, with non-GAAP operating income at $23 million and non-GAAP diluted earnings per share at $0.36, above the prior guidance midpoint of $0.28 [4][12] - Gross margin for the quarter was approximately 42%, at the top end of guidance, favorably impacted by higher volume and improved product mix [13] - Net income was approximately $22 million, with diluted EPS of $0.36 on 61 million shares [14] Business Line Data and Key Metrics Changes - Semiconductor business reported $118 million, a decline of 5% quarter over quarter, accounting for 71% of total revenue, driven by LSA, IBD EUV for mask blanks, and advanced packaging wet processing systems [12] - Compound semiconductor market revenue was $11 million, down from the prior quarter, totaling 7% of revenue [12] - Scientific and other revenue increased to $27 million, totaling 16% of revenue, driven by an increase in optical deposition systems [12] Market Data and Key Metrics Changes - Revenue from the Asia-Pacific region, excluding China, was 49%, a decrease from 59% in the prior quarter, driven by customers in Taiwan [12] - Revenue from China customers was 28%, an increase from 17% in Q2, primarily driven by LSA and optical deposition systems [13] - The United States accounted for 16% of revenue, while EMEA was 7% [12] Company Strategy and Development Direction - The company announced a definitive agreement to merge with Accellis Technologies, aiming to create a leading semiconductor equipment company with a combined served-available market of over $5 billion on a pro forma 2024 basis [5][6] - The merger is expected to provide growth synergies, expand the product portfolio, and enhance R&D capabilities [6][7] - The company continues to focus on advanced semiconductor technologies, particularly in AI and high-performance computing, with significant opportunities in gate-all-around, high-bandwidth memory, and advanced packaging [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and the strategic merger with Accellis, which is expected to drive sustainable value creation [5][46] - The company anticipates revenue growth in the semiconductor market for 2025 compared to 2024, driven by demand in gate-all-around and advanced packaging [16] - The compound semiconductor market is expected to see revenue growth opportunities in GaN power, photonics, and solar for 2026 [16][17] Other Important Information - The company ended the quarter with cash and short-term investments of $369 million, a sequential increase of $14 million [14] - Cash flow from operations totaled $16 million, with CapEx of $3 million during the quarter [14] Q&A Session Summary Question: Is there new adoption in the 300-millimeter GaN order activity? - Management confirmed successful evaluations with a leading power IDM and a follow-on multi-chamber order for pilot line tools for data center applications [20][21] Question: Why is GaN being adopted in data centers now? - The efficiency of power conversion in data centers is a limiting issue, making materials that convert electricity more efficiently desirable [22] Question: Can you elaborate on the gross margin guidance? - The anticipated decline in gross margin for Q4 is due to product mix changes, including evaluation sign-offs at favorable pricing and increased business in advanced packaging [23][24] Question: What is the expected trajectory of the advanced packaging business in 2026? - The advanced packaging business has doubled, and while growth is expected, visibility for 2026 is limited due to shorter lead times [26] Question: How are the ordering patterns in the HDD market? - Lead times are approaching a year, with orders received in Q3 for ion beam and wet processing equipment, expected to ship in the second half of 2026 [30] Question: Was the strength in the scientific segment driven by Chinese customers? - Some strength was attributed to Chinese customers, along with demand for optical deposition tools for general industrial applications [31] Question: Is NSA adoption possible for memory customers? - Yes, there is interest from memory customers due to the technology's ability to anneal thin layers, conducive to material modification and 3D stacking [32] Question: Update on thin metal films with IBD evaluations? - Progress is being made in introducing new deposition technology, with customer engagement and evaluations ongoing [36] Question: Will margins improve in the future? - Management expects margin improvement in 2026 over 2025, with good visibility for data storage orders and new product orders [41]