CVD Equipment Corporation

CVD Equipment Corp designs and manufactures custom chemical vapor deposition, physical vapor transport, and thermal process equipment used to make advanced materials and coatings. Its systems support customers in aerospace, compound semiconductors, power electronics, battery energy storage, and industrial applications, with a focus on high-temperature and high-performance materials. The company operates through three reportable segments: CVD Equipment, SDC, and MesoScribe, with the core CVD Equipment segment generating most of the revenue. Headquartered in Central Islip, New York, it also has an SDC division in Saugerties, New York. The business is project-based and tied to customer orders, with revenue recognized as work progresses on custom contracts.

−4,8 %

28,3 %

−6,1 %

−4,1 %

6.06

5.50

— CVD Equipment Corporation
%
CVD Equipment systems76% Custom CVD, PVT, and thermal process tools used to produce advanced materials and coatings.
SDC gas and chemical delivery systems24% Ultra-high purity gas and chemical delivery control systems sold to support semiconductor and industrial processes.
MesoScribe products0% Advanced materials and coating-related products and services from the MesoScribe segment.

The company sells primarily to industrial and technology customers that need specialized equipment for advanced...

  • Aerospaceprimary

    Buys CMC production and specialty coating systems for next-generation turbine and high-temperature components.

  • Industrialprimary

    Buys custom coating and process systems for OEM components and advanced industrial applications.

  • Compound semiconductors and power electronicsprimary

    Buys PVT and related systems for silicon carbide crystal growth and wafer manufacturing.

  • Semiconductor and electrification marketssecondary

    Buys equipment tied to EVs, energy storage, power conversion, and power transmission.

  • Research and developmentsecondary

    Buys custom equipment for process development and advanced materials experimentation.

The company is headquartered in Central Islip, New York, with an SDC division in Saugerties, New York, so its operating...

  • Headquartered in Central Islip, New York
  • SDC division located in Saugerties, New York
  • No country-level revenue disclosure provided in the excerpts
  • End markets are global even though operations are U.S.-based
  • Tariffs and trade policy can affect cost competitiveness and margins
  • International sourcing risk matters for raw materials and components

Management is focused on growth end markets tied to aerospace, microelectronics, and the broader electrification trend...

01
Expand silicon carbide and power electronics offeringsmedium-term

These markets are tied to EVs, energy storage, and power conversion, which can broaden demand beyond traditional aerospace programs.

02
Grow aerospace and industrial contract backlogshort-term

Repeat orders and follow-on systems improve revenue visibility in a custom equipment business.

03
Increase standardization of product offeringsmedium-term

More standardized systems can reduce engineering intensity and support broader market adoption.

The company is exposed to customer concentration risk because a small number of orders or customers can represent a...

high

Customer concentration

One industrial customer represented 41.1% of total quarterly revenue, and one aerospace customer represented 14.0%, showing dependence on a small number of orders.

Scope
Quarterly revenue and backlog conversion
Materiality
high
high

Tariffs and trade policy changes

Management said tariffs may make products less cost competitive and reduce gross margins, while retaliatory measures could further affect demand and sourcing.

Scope
Input costs, pricing, export competitiveness
Materiality
high
high

Project execution and contract accounting

Revenue is recognized over time on custom systems, so estimate errors in costs to complete can affect reported revenue and profit.

Scope
Revenue recognition and gross margin
Materiality
high
medium

Raw material availability

The company disclosed uncertainty about obtaining raw materials on commercially reasonable terms, which can delay builds and increase costs.

Scope
Production schedules and margins
Materiality
medium
Over-time revenue recognition on custom contracts
Revenue, gross margin, and earnings timing
Contract assets and contract liabilities
Working capital and cash flow comparability
Long-lived asset impairment
Asset values and operating results
Deferred tax asset valuation allowance
Tax expense and balance sheet presentation

: 11/08/2026