HIGHBuilt-inGeographic
85%
non-U.S. customers
“10-K Item 1A: 'Our percentage revenue from the sale of products and the provision of services to non-U.S. customers was 85% for fiscal year 2025'”
VECO · Concentration risk · 10-K extracted
Veeco Instruments (VECO) concentration risks
Updated
The most significant concentration Veeco Instruments discloses is non-U.S. customers at 85%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: Veeco Instruments’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
principal customers
“10-K Item 1: 'We rely on certain principal customers for a significant portion of our sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-03The company's concentration profile combines a high-share geographic exposure and a medium-share customer dependency that together define the demand risk surface for its advanced deposition equipment. Non-U.S. customers accounted for 85% of revenues from products and services for fiscal year 2025, a high-share structural concentration reflecting that semiconductor, LED, and compound semiconductor manufacturing — the primary end markets for the company's equipment — are geographically concentrated in Asia-Pacific manufacturing hubs. This is structural in character: the customer geography follows where global wafer and chip production capacity is built rather than where individual bilateral contracts happen to concentrate. The customer dimension adds a medium-share dependency layer. The company relies on certain principal customers for a significant portion of sales, though no specific percentage is cited in the source quote, indicating a qualitative but material dependency on a focused set of OEM and fab customers. In capital equipment businesses, these relationships tend to be program-specific and long-cycle, meaning that winning or losing a major fab expansion or technology transition program has outsized revenue impact. Together the geographic and customer concentrations are mutually reinforcing: the same Asia-Pacific customers that define the geographic tilt are the principal accounts driving the customer dependency. The key watch variables for this business are semiconductor capital expenditure cycles in Asia-Pacific, particularly in LED, power, and advanced logic fabs, and the company's design-win trajectory with its principal customers.
For the engine’s reasoning on VECO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Semiconductor Equipment & Materials
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ACLS | Axcelis Technologies, Inc. | 3 | 1 | 0 | 4 |
| ACMR | ACM Research, Inc. | 3 | 0 | 0 | 3 |
| AMBA | Ambarella, Inc. | 3 | 0 | 0 | 3 |
| AMAT | Applied Materials, Inc. | 2 | 0 | 2 | 4 |
| AMKR | Amkor Technology, Inc. | 1 | 2 | 0 | 3 |
| VECO● | Veeco Instruments Inc. | 1 | 1 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.