Amtech Systems (NASDAQ:ASYS) Announces Earnings Results

Amtech Systems (NASDAQ:ASYS) released its quarterly earnings data on Thursday. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. Amtech Systems had a negative net margin of 38.21% and a negative return on equity of 0.75%. The business had revenue of $18.97 million during the quarter, compared to the consensus estimate of $19.25 million.

Here are the key takeaways from Amtech Systems’ conference call:

• Revenue was $19 million (midpoint) with a 1.1 book-to-bill and AI-related products driving roughly 35% of TPS revenue, giving improved near-term visibility and expected continued AI demand into Q3–Q4.
• The company received initial orders for panel-level packaging equipment and is processing samples for next‑generation high-density packaging, which management says could materially expand the addressable market (meaningful demand likely beyond 2026).
• SFS recorded its first specialty‑chemicals win for a medical‑device semiconductor application and reports a strong pipeline, but weakness at PR Hoffman (mature‑node and SiC customer pressure) offset some SFS gains this quarter.
• Operational improvements produced the ninth consecutive quarter of positive operating cash flow ($4.1M), cash of $22.1M with no debt, improved gross margin to 44.8%, and an asset‑light model with expected capex under $1M.
• GAAP net income was only $0.1M and the reported tax rate was elevated (~83%) due to a valuation allowance on U.S. deferred tax assets, creating potential volatility in reported earnings per share.

Amtech Systems Trading Down 30.6%

Shares of NASDAQ:ASYS traded down $4.85 on Friday, reaching $11.02. 1,139,287 shares of the company’s stock were exchanged, compared to its average volume of 480,791. Amtech Systems has a twelve month low of $3.20 and a twelve month high of $18.59. The company has a fifty day moving average of $13.15 and a 200-day moving average of $9.25. The company has a market capitalization of $158.69 million, a price-to-earnings ratio of -5.17 and a beta of 1.67.

Institutional Investors Weigh In On Amtech Systems

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in Amtech Systems by 135.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,066 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 17,297 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Amtech Systems by 90.8% in the first quarter. Acadian Asset Management LLC now owns 42,584 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 20,264 shares during the period. XTX Topco Ltd bought a new position in shares of Amtech Systems in the second quarter worth $105,000. Vanguard Group Inc. lifted its position in Amtech Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 676,006 shares of the semiconductor company’s stock worth $6,260,000 after purchasing an additional 17,099 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Amtech Systems during the third quarter worth about $1,689,000. Institutional investors and hedge funds own 50.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Benchmark reiterated a “hold” rating on shares of Amtech Systems in a report on Tuesday, December 2nd. Wall Street Zen raised shares of Amtech Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Amtech Systems in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Amtech Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Amtech Systems presently has a consensus rating of “Hold”.

Amtech Systems Company Profile

Amtech Systems, Inc is a global supplier of capital equipment and aftermarket parts for the solar photovoltaic and semiconductor industries. The company’s solutions support key steps in wafer and cell production, offering both new machinery and spares designed to optimize yield, throughput and energy efficiency. Amtech operates through two primary segments: solar manufacturing and semiconductor & electronics packaging.

In its solar segment, Amtech provides diffusion furnaces, epitaxy reactors and plasma-enhanced chemical vapor deposition (PECVD) systems used in high-volume solar cell fabrication.