|                                             |
|--------------------------------------------------|
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549                           |
| ________________                                 |
| Form 10-Q                                        |

| (Mark One)                                                    |                                                                                      |
|---------------------------------------------------------------|-------------------------------------------------------------------------------------------|
| þ                                                        | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.  |
|  For the quarterly period ended September 30, 2010  |
| o                                                             | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |

| For the transition period from ____ to _____                             |
|--------------------------------------------------------------------------|
|                                                                     |
| Commission file number:  1-16525                          |
| CVD EQUIPMENT CORPORATION                                                |
| (Name of Registrant  in Its Charter)                 |
|                                                                     | New York | 11-2621692 |   |
|                                                                     | (State or Other Jurisdiction ofIncorporation or Organization)   | (I.R.S. Employer Identification No.) |   |
|                                                                     | 1860 Smithtown AvenueRonkonkoma, New York  11779 |   |
|                                                                     | (Address including zip code of registrant’s Principal Executive Offices)  |   |
| (631) 981-7081(Registrant’s Telephone Number, Including Area Code) |

----

| Part I - Financial Information                                                                                     |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|
| Item 1 - Financial Statements (Unaudited)                                                                          |   |
| Consolidated Balance Sheets at September 30, 2010 (Unaudited) and December 31, 2009                                | 2      |
| Consolidated Statements of Operations (Unaudited) for the three and nine months ended September 30, 2010 and 2009  | 3      |
| Consolidated Statements of Cash Flows (Unaudited) for the three months and nine ended September 30, 2010 and 2009  | 4      |
| Notes to Unaudited Consolidated Financial Statements                                                               | 5      |
| Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations                     | 13     |
| Item 3 – Quantitative and Qualitative Disclosures About Market Risk                                          | 16     |
| Item 4T - Controls and Procedures                                                                                  | 16     |
| Part II - Other Information                                                                                        | 17     |
| Item 1 - Legal Proceedings                                                                                         | 17     |
| Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds                                         | 17     |
| Item 3 – Defaults Upon Senior Securities                                                                     | 17     |
| Item 4 – (Removed and Reserved)                                                                              | 18     |
| Item 5 - Other Information                                                                                         | 18     |
| Item 6 - Exhibits and Reports Filed on Form 8-K                                                                    | 18     |
| Signatures                                                                                                         | 19     |
| Exhibit Index                                                                                                      | 20     |
| 31.1   Certification of Chief Executive Officer                                                     |   |
| 31.2   Certification of Chief Financial Officer                                                     |   |
| 32.1   Certification of Chief Executive Officer pursuant to U.S.C. Section 1350                     |   |
| 32.2   Certification of Chief Financial Officer pursuant to U.S.C. Section 1350                          |   |

----

Item 1 – Financial Statements

Consolidated Balance Sheets

|                                                                                   |   | September 30, 2010 |          |   |               |
|----------------------------------------------------------------------------------------|--------|--------------------|---------------|--------|--------------------|
|                                                                                   |   | (Unaudited)        |          |   | December 31, 2009* |
| ASSETS                                                                                 |   |               |          |   |               |
| Current Assets:                                                                        |   |               |          |   |               |
|      Cash and cash equivalents                                |   | $                  | 4,406,418     |   |               | $ | 3,119,731 |
|      Accounts receivable, net                                 |   |               | 2,712,828     |   |               |   | 2,130,196 |
|      Cost and estimated earnings in excess                    |   |               |          |   |               |   |   |
|      of billings on uncompleted contracts                     |   |               | 769,950       |   |               |   | 2,708,084 |
|      Inventories                                              |   |               | 4,751,332     |   |               |   | 4,418,138 |
|      Deferred income taxes – current                    |   |               | 256,349       |   |               |   | 378,412 |
|      Other current assets                                     |   |               |  257,435 |   |               |   |  213,593 |
|                                                                                   |   |               |          |   |               |   |   |
|      Total Current Assets                                     |   |               | 13,154,312    |   |               |   | 12,968,154 |
|                                                                                   |   |               |          |   |               |   |   |
|      Property, plant and equipment, net                       |   |               | 7,594,583     |   |               |   | 7,591,363 |
|                                                                                   |   |               |          |   |               |   |   |
|      Deferred income taxes – non-current                |   |               | 810,526       |   |               |   | 711,293 |
|                                                                                   |   |               |          |   |               |   |   |
|      Other assets                                             |   |               | 198,782       |   |               |   | 327,968 |
|                                                                                   |   |               |          |   |               |   |   |
|      Intangible assets, net                                   |   |               |  60,408  |   |               |   |  66,213 |
|                                                                                   |   |               |          |   |               |   |   |
| Total Assets                                                                           |   | $                  | 21,818,611    |   |               | $ | 21,664,991 |
|                                                                                   |   |               |          |   |               |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                             |   |               |          |   |               |   |   |
| Current Liabilities:                                                                   |   |               |          |   |               |   |   |
|      Current maturities of long-term debt                     |   | $                  | 372,197       |   |               | $ | 368,041 |
|      Accounts payable and accrued expenses                    |   |               | 1,939,868     |   |               |   | 1,820,890 |
|      Accrued professional fees – related party          |   |               | 90,000        |   |               |   | 64,521 |
|      Deferred revenue                                         |   |               | 104,008       |   |               |   | 151,514 |
|                                                                                   |   |               | 2,506,073     |   |               |   | 2,404,966 |
| Long-term debt, net of current portion                                                 |   |               | 3,490,744     |   |               |   | 3,768,824 |
|      Total liabilities                                        |   |               | 5,996,817     |   |               |   | 6,173,790 |
|                                                                                   |   |               |          |   |               |   |   |
| Commitments and contingencies                                                          |   |               | -             |   |               |   | - |
|                                                                                   |   |               |          |   |               |   |   |
| Stockholders’ Equity                                                             |   |               |          |   |               |   |   |
|      Common stock - $0.01 par value – 10,000,000 shares |   |               |          |   |               |   |   |
|      authorized; issued and outstanding, 4,811,825 at         |   |               |          |   |               |   |   |
|      September 30, 2010 and 4,761,825 at December 31, 2009    |   |               | 48,118        |   |               |   | 47,618 |
|      Additional paid-in-capital                               |   |               | 10,267,418    |   |               |   | 10,093,761 |
|      Retained earnings                                        |   |               | 5,506,256     |   |               |   | 5,349,822 |
|      Total Stockholders’ Equity                         |   |               | 15,821,792    |   |               |   | 15,491,201 |
|                                                                                   |   |               |          |   |               |   |   |
| Total liabilities and stockholders’ equity                                       |   | $                  | 21,818,611    |   |               | $ | 21,664,991 |

| *   | Derived from audited financial statements for the year ended December 31, 2009 (see Annual Report on Form 10-K filed on March 31, 2010 with the Securities and Exchange Commission). |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Statements of Operations

|                                                                  |   | Three Months EndedSeptember 30, |         |   | Nine Months EndedSeptember 30, |   |
|-----------------------------------------------------------------------|--------|---------------------------------|--------------|--------|--------------------------------|--------|
|                                                                  |   | 2010                            |         |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
| Revenue                                                               |   | $                               | 4,032,389    |   |                           | $      | 3,556,782 |   |   | $ | 11,135,026 |   |   | $ | 10,983,980 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Cost of revenue                                                       |   |                            | 2,612,352    |   |                           |   | 2,123,899 |   |   |   |  7,385,630 |   |   |   |  7,493,649 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                          |   |                            | 1,420,037    |   |                           |   | 1,432,883 |   |   |   | 3,749,396 |   |   |   | 3,490,331 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                                                    |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|      Selling and shipping                    |   |                            | 231,515      |   |                           |   | 163,474 |   |   |   | 658,482 |   |   |   | 525,048 |   |
|      General and administrative              |   |                            | 1,008,895    |   |                           |   | 1,061,970 |   |   |   | 2,778,658 |   |   |   | 2,791,753 |   |
|      Related party – professional fees |   |                            |  30,000 |   |                           |   |  25,000 |   |   |   |  90,000 |   |   |   |  75,000 |   |
| Total operating expenses                                              |   |                            | 1,270,410    |   |                           |   | 1,250,444 |   |   |   | 3,527,140 |   |   |   | 3,391,801 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                                                      |   |                            | 149,627      |   |                           |   | 182,439 |   |   |   | 222,256 |   |   |   | 98,530 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|      Interest income                         |   |                            | 1,467        |   |                           |   | 6,246 |   |   |   | 5,845 |   |   |   | 28,835 |   |
|      Interest expense                        |   |                            | (55,700      | )      |                           |   | (61,647 | ) |   |   | (171,923 | ) |   |   | (188,630 | ) |
|      Other income                            |   |                            | 2,715        |   |                           |   |  10,403 |   |   |   | 11,440 |   |   |   | 22,093 |   |
| Total other (expense)                                                 |   |                            | (51,518      | )      |                           |   | (44,998 | ) |   |   | (154,638 | ) |   |   | (137,702 | ) |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before income taxes                                     |   |                            | 98,109       |   |                           |   | 137,441 |   |   |   | 67,618 |   |   |   | (39,172 | ) |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income tax benefit (expense)                                          |   |                            |  44,890 |   |                           |   | (34,311 | ) |   |   | 88,816 |   |   |   | 66,504 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                            |   | $                               | 142,999      |   |                           | $      | 103,130 |   |   | $ | 156,434 |   |   | $ | 27,332 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic income per common share                                         |   | $                               | 0.03         |   |                           | $      | 0.02 |   |   | $ | 0.03 |   |   | $ | 0.01 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Diluted income per common share                                       |   | $                               | 0.03         |   |                           | $      | 0.02 |   |   | $ | 0.03 |   |   | $ | 0.01 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstandingbasic                       |   |                            | 4,784,142    |   |                           |   | 4,761,100 |   |   |   | 4,779,347 |   |   |   | 4,760,503 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Effect of potential common share issuance:                            |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|      Stock options                           |   |                            |  15,448 |   |                           |   |  45,846 |   |   |   |  16,976 |   |   |   |  43,787 |   |
|                                                                  |   |                            |         |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstandingdiluted                     |   |                            | 4,799,590    |   |                           |   |  4,806,946 |   |   |   | 4,796,323 |   |   |   |  4,804,290 |   |

----

Statements of Cash Flows

|                                                                                                |   | Nine Months EndedSeptember 30, |            |
|-----------------------------------------------------------------------------------------------------|--------|--------------------------------|-----------------|
|                                                                                                |   | 2010                           |            |   | 2009 |   |
| Cash flows from operating activities                                                                |   |                           |            |   |   |   |
|     Net income                                                                  |   | $                              | 156,434         |   |   | $ | 27,332 |   |
|     Adjustments to reconcile net income to net cash                             |   |                           |            |   |   |   |   |   |
|     provided by (used in) operating activities:                                 |   |                           |            |   |   |   |   |   |
|     Stock-based compensation expense                                            |   |                           | 127,258         |   |   |   | 126,868 |   |
|     Depreciation and amortization                                               |   |                           | 445,293         |   |   |   | 437,354 |   |
|     Deferred tax benefit                                                        |   |                           | 22,830          |   |   |   | (157,300 | ) |
|     Bad debt provision                                                          |   |                           | 806             |   |   |   | (12,936 | ) |
|     Changes in operating assets and liabilities:                                |   |                           |            |   |   |   |   |   |
|     Accounts receivable                                                         |   |                           | (583,438        | ) |   |   | 1,439,422 |   |
|     Cost and estimated earnings in excess of billings                           |   |                           |            |   |   |   |   |   |
|     on uncompleted contracts                                                    |   |                           | 1,938,134       |   |   |   | (1,843,898 | ) |
|     Inventories                                                                 |   |                           | (333,194        | ) |   |   | 17,259 |   |
|     Other current assets                                                        |   |                           | (43,842         | ) |   |   | (9,319 | ) |
|     Other assets                                                                |   |                           |            |   |   |   | 856 |   |
|     Deferred revenue                                                            |   |                           | (47,505         | ) |   |   | 29,363 |   |
|     Accounts payable and accrued expenses                                       |   |                           |  144,458   |   |   |   | (484 112 | ) |
|         Net cash provided by (used in) operating activities |   |                           |  1,827,234 |   |   |   | (429,111 | ) |
|                                                                                                |   |                           |            |   |   |   |   |   |
|   Cash flows from investing activities:                                                   |   |                           |            |   |   |   |   |   |
|       Capital expenditures                                            |   |                           |  (313,522  | ) |   |   |  (258,435 | ) |
|   Net cash (used in) investing activities                                                 |   |                           |  (313,522  | ) |   |   | (258,435 | ) |
|                                                                                                |   |                           |            |   |   |   |   |   |
|   Cash flows from financing activities:                                                   |   |                           |            |   |   |   |   |   |
|         Payments of long-term debt                               |   |                           | (273,925        | ) |   |   | (258,470 | ) |
|         Net proceeds from stock options exercised                |   |                           | 46,900          |   |   |   |  ---- |   |
|   Net cash (used in) financing activities                                                      |   |                           | (227,025        | ) |   |   | (258,470 | ) |
|                                                                                                |   |                           |            |   |   |   |   |   |
|   Net increase (decrease) in cash and cash equivalents                                    |   |                           | 1,286,687       |   |   |   | (946,016 | ) |
|                                                                                                |   |                           |            |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                                    |   |                           | 3,119,731       |   |   |   |  5,721,369 |   |
|                                                                                                |   |                           |            |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                          |   | $                              | 4,406,418       |   |   | $ | 4,775,353 |   |
|                                                                                                |   |                           |            |   |   |   |   |   |
| Supplemental disclosure of cash flow information                                                    |   |                           |            |   |   |   |   |   |
|                                                                                                |   |                           |            |   |   |   |   |   |
| Income taxes paid                                                                                   |   | $                              | 40,048          |   |   | $ | 62,975 |   |
| Interest paid                                                                                       |   | $                              | 171,923         |   |   | $ | 188,630 |   |
|                                                                                                |   |                           |            |   |   |   |   |   |

----

NOTE

----

----

|                                     |   | September 30, 2010 |       |   | December 31, 2009 |   |
|------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                     |   | (Unaudited)        |       |   |              |   |
|                                     |   |               |       |   |              |   |
| Costs incurred on uncompleted contracts  |   | $                  | 1,416,654  |   |              | $      | 1,504,137 |   |
| Estimated earnings                       |   |               | 1,707,559  |   |              |   | 2,429,770 |   |
|                                     |   |               | 3,124,213  |   |              |   | 3,933,907 |   |
| Billings to date                         |   |               | (2,354,263 | )      |              |   | (1,225,823 | ) |
| Cost and estimated earnings in excess of |   |               |       |   |              |   |   |   |
| billings on uncompleted contracts        |   | $                  | 769,950    |   |              | $      | 2,708,084 |   |

----

|            |   | September 30, 2010 |      |   | December 31, 2009 |
|-----------------|--------|--------------------|-----------|--------|-------------------|
|            |   | (Unaudited)        |      |   |              |
|            |   |               |      |   |              |
| Raw materials   |   | $                  | 1,870,208 |   |              | $ | 1,848,620 |
| Work-in-process |   |               | 2,644,847 |   |              |   | 2,388,115 |
| Finished goods  |   |               | 236,277   |   |              |   | 181,403 |
|            |   |               |      |   |              |   |   |
|            |   | $                  | 4,751,332 |   |              | $ | 4,418,138 |

|             |                       September 30, 2010 |                       December 31, 2009 |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| Description      | Level (1)                                                                                                                                         | Level (2)                                                                                                                                        | Level (3) | Total | Level (1) | Level (2) | Level (3) | Total |
| Assets:          |                                                                                                                                              |                                                                                                                                             |   |   |   |   |   |   |
| Cash equivalents | $     1,613,939                                                                                                          | $      ---                                                                                                         | $     --- | $ 1,613,939 | $ 1,795,622 | $      --- | $    --- | $1,795,622 |
|             |                                                                                                                                              |                                                                                                                                             |   |   |   |   |   |   |

----

----

|                                                                              |   | Nine Months Ended September 30, |    |
|-----------------------------------------------------------------------------------|--------|---------------------------------|---------|
|                                                                              |   | 2010                            |    |   | 2009 |   |
| Current:                                                                          |   |                            |    |   |   |   |
| Federal                                                                           |   | $                               | 85,535  |   |   | $ | (73,561 | ) |
| State                                                                             |   |                            | 26,111  |   |   |   | (17,235 | ) |
|     Total Current Benefit/(Provision)                         |   | $                               | 111,646 |   |   | $ | (90,796 | ) |
|  Deferred:                                                                   |   |                            |    |   |   |   |   |   |
| Federal                                                                           |   | $                               | (18,482 | ) |   | $ | 131,368 |   |
| State                                                                             |   |                            | (4,348  | ) |   |   | 25,932 |   |
|     Total Deferred (Provision)    Benefit |   |                            | (22,830 | ) |   |   |  157,300 |   |
| Income tax Benefit                                                                |   | $                               | 88,816  |   |   | $ | 66,504 |   |

----

----

| Three Months Ended September 30, |   |   |      |   |   |   |     |         |   |   |           |   |   |         |    |
|----------------------------------|--------|--------|-----------|--------|--------|--------|----------|--------------|--------|--------|----------------|--------|--------|--------------|---------|
| 2010                             |   | CVD    |      |   | SDC    |   |     | Conceptronic |   |   | Eliminations * |   |   | Consolidated |    |
| Revenue                          |   | $      | 2,925,541 |   |   | $      | 638,879  |         |   | $      | 516,645        |   |   | $            | (48,676 | ) |   | $ | 4,032,389 |   |
| Pretax income/(loss)             |   |   | 137,641   |   |   |   | (129,902 | )            |   |   | 90,370         |   |   |         |    |   |   |   | 98,109 |   |
| 2009                             |   |   |      |   |   |   |     |         |   |   |           |   |   |         |    |   |   |   |   |   |
| Revenue                          |   | $      | 2,894,288 |   |   | $      | 464,042  |         |   | $      | 259,902        |   |   | $            | (61,450 | ) |   | $ | 3,556,782 |   |
| Pretax income/(loss)             |   |   | 357,157   |   |   |   | (170,329 | )            |   |   | (49,387        | )      |   |         |    |   |   |   | 137,441 |   |

| Nine Months Ended September 30, |   |   |      |   |   |   |      |         |   |   |           |   |   |         |     |
|---------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------------|--------|--------|----------------|--------|--------|--------------|----------|
| 2010                            |   | CVD    |      |   | SDC    |   |      | Conceptronic |   |   | Eliminations * |   |   | Consolidated |     |
| Revenue                         |   | $      | 8,041,348 |   |   | $      | 2,496,576 |         |   | $      | 1,184,520      |   |   | $            | (587,418 | ) |   | $ | 11,135,026 |   |
| Pretax (loss)/income            |   |   | 61,752    |   |   |   | (205,564  | )            |   |   | 211,430        |   |   |         |     |   |   |   | 67,618 |   |
| 2009                            |   |   |      |   |   |   |      |         |   |   |           |   |   |         |     |   |   |   |   |   |
| Revenue                         |   | $      | 8,490,954 |   |   | $      | 2,191,730 |         |   | $      | 697,651        |   |   | $            | (396,355 | ) |   | $ | 10,983,980 |   |
| Pretax income/(loss)            |   |   | 471,546   |   |   |   | (303,604  | )            |   |   | (207,114       | )      |   |         |     |   |   |   | (39,172 | ) |

----

Item 2

----

----

----

Item 3

Item 4T

----

PART II

Item 1

Item 2.                                Unregistered 

Item 3.                                Defaults 

----

Item 4.                                (Removed

Item 5.                                Other 

Item 6.                                Exhibits 

|   | 31.2 | Certification of Chief Financial Officer |
|--------|------|------------------------------------------|

|   | 32.1 | Certification of Chief Executive Officer pursuant to U.S.C. Section 1350 |
|--------|------|--------------------------------------------------------------------------|

|   | 32.2 | Certification of Chief Financial Officer pursuant to U.S.C. Section 1350 |
|--------|------|--------------------------------------------------------------------------|

----

|   | CVD EQUIPMENT CORPORATION                                                                              |   |
|--------|--------------------------------------------------------------------------------------------------------|--------|
|   |                                                                                                   |   |
|   | By: /s/ Leonard A. Rosenbaum                                                                           |   |
|   |              Leonard A. Rosenbaum          |   |
|   |              Chief Executive Officer       |   |
|   |              (Principal Executive Officer) |   |
|   |                                                                                                   |   |
|   | By: /s/ Glen R. Charles                                                                                |   |
|   |              Glen R. Charles               |   |
|   |              Chief Financial Officer       |   |
|   |              (Principal Financial and      |   |
|   |               Accounting Officer)     |   |
|   |                                                                                                   |   |
|   |                                                                                                   |   |

----

| EXHIBIT |                                                                       |
|---------|----------------------------------------------------------------------------|
| NUMBER  | DESCRIPTION                                                                |
|    |                                                                       |
| 31.1    | Certification of Chief Executive Officer *                                 |
|    |                                                                       |
| 31.2    | Certification of Chief Financial Officer *                                 |
|    |                                                                       |
| 32.1    | Certification of Chief Executive Officer pursuant to U.S.C. Section 1350 * |
|    |                                                                       |
| 32.2    | Certification of Chief Financial Officer pursuant to U.S.C. Section 1350 * |