### @VECO — Confirmed — from the annual filing; the customer's identity is not disclosed
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.
- tier: Confirmed (✓)
- source: VECO / One customer getting bigger, and a two-sided China line
- receipt: https://ticker.thevixguy.com/p/p-day-20260813-veco-src-veco-concentration-and-china-rotation
- posted: 2026-08-13T08:20:00.484Z