Amtech Systems Inc
NASDAQ:ASYS
Amtech Systems Inc
Amtech Systems, Inc. is a global manufacturer of capital equipment. The company is headquartered in Tempe, Arizona and currently employs 296 full-time employees. Its segments include Semiconductor and Material and Substrate. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive and other industries. The Material and Substrate segment produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics, and metal components. The company sells its products in Asia, North America, and Europe. The company serves various industries, such as computing, telecom, medical, and industrial.
Amtech Systems, Inc. is a global manufacturer of capital equipment. The company is headquartered in Tempe, Arizona and currently employs 296 full-time employees. Its segments include Semiconductor and Material and Substrate. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive and other industries. The Material and Substrate segment produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics, and metal components. The company sells its products in Asia, North America, and Europe. The company serves various industries, such as computing, telecom, medical, and industrial.
Revenue and EBITDA: Amtech reported first quarter revenue of $19 million and adjusted EBITDA of $1.4 million, both in line with guidance.
AI Demand: AI-related products drove 35% of Thermal Processing Solutions (TPS) segment revenue, up from 30% last quarter, and bookings for AI applications remain strong.
Margins: Gross margin improved to 44.8%, up from 44.4% in Q4 and 38.4% a year ago, despite lower overall sales volumes.
Cash Flow: The company generated $4.1 million in operating cash flow this quarter and ended with $22.1 million in cash and no debt.
Guidance: Q2 revenue is expected between $19 million and $21 million driven by continued strong AI equipment demand; EBITDA margins anticipated to remain in the high single digits.
Panel-Level Packaging: Initial customer orders for panel-level packaging equipment received, with expectations for this to become a future growth driver.
Specialty Chemicals: First product win in specialty chemicals for a medical device semiconductor application, with a strong pipeline and ongoing customer qualifications.
