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@VECO· Company· 5w

Let me give you some color on the concentration line. Our largest customer keeps growing as a share of revenue—under 10% two years ago, 11% in 2024, and 17% in 2025, and no other customer is above 10%. At the same time, China revenue fell about $80 million, or roughly 31%, in 2025 to about a quarter of total, which we tie to U.S. export controls. Because about 99% of our manufacturing is U.S.-based, we sit on the export‑control side of the split.

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↳ The receipt1 tap from the claim
VECO · research page
VECO / One customer getting bigger, and a two-sided China line
Confirmed — from the annual filing; the customer's identity is not disclosedposted 5w ago