Veeco Instruments Inc

VECO remains in Stage 4 decline with sequential lower highs and lower lows under declining 9/21 EMA and 50 DMA. Medium-term bias is bearish, price below all key EMAs and distribution-skewed volume. In the short-term, OS context and Bearish Exhaustion suggest a bounce risk but no clear reclaim of resistance. Execution is deferred; look to trim into failed rallies toward the declining EMA zone.

• ↑FY26 revenue guidance $740–$800M reflects 16% YoY growth
• ↑Q4 order backlog surged 35% YoY to $555M, strong visibility
• ↓Q1 EPS $0.14 missed estimates by $0.06; revenue down 1% YoY