Veeco Instruments stock rises sharply on semiconductor equipment orders

Veeco Instruments' share price jumped about 32 percent on May 6, 2026, after the company announced more than $250 million in new equipment orders. The orders are for machines that make indium phosphide lasers, which are used in AI data centres and advanced chip manufacturing. The stock rose from $49.54 to a high of $65.43 before settling back to around $60 to $62. Veeco makes specialist equipment for semiconductor factories. Its first-quarter earnings missed analyst expectations, with revenue of $158.3 million and earnings of $0.14 per share. Despite this, the company kept its full-year guidance unchanged, expecting revenue of $740 to $800 million. The large order total is high compared to the company's current annual revenue.