UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 OR ☐ 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: 0-11412 AMTECH SYSTEMS, INC. (Exact name of registrant as specified in its charter) | --- | --- | ...

Core Viewpoint - Amtech Systems, Inc. is expected to report a significant decline in revenues and a loss in the upcoming third-quarter fiscal 2024 results, reflecting challenges in demand and inflationary pressures [1][2][3]. Revenue Expectations - For the fiscal third quarter, Amtech anticipates revenues between $22 million and $25 million, with the Zacks Consensus Estimate at $24 million, indicating a 21.9% decline from the previous year [1]. - In the last reported quarter, Amtech's revenues were $25.4 million, surpassing the Zacks Consensus Estimate of $23 million but down 23.7% year over year [2]. Earnings Performance - The consensus estimate for the third-quarter bottom line is a loss of 5 cents per share, contrasting with earnings of 2 cents per share in the same quarter last year [1]. - In the previous quarter, Amtech reported a loss of 1 cent per share, which was better than the consensus estimate of a loss of 11 cents, but still down from earnings of 19 cents per share in the year-ago quarter [2]. Demand and Market Conditions - The company's performance is likely affected by reduced demand for backend packaging applications in the semiconductor industry and a decline in electric vehicle demand, both critical to Amtech's business [3][4]. - Amtech's backlog decreased by $5.7 million to $44.3 million as of March 31, 2024, indicating potential future revenue challenges due to reduced order intake [3]. Inflation Impact - Inflation has negatively impacted Amtech, particularly regarding shipments of equipment booked previously, eroding margins and likely continuing to affect gross margins and overall profitability in the third quarter [4][5]. Earnings Prediction Model - The current model does not predict an earnings beat for Amtech, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6].

Core Viewpoint - Amtech Systems (ASYS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an improvement in Amtech's earnings outlook, which is expected to positively impact its stock price [2]. - Amtech is projected to earn -$0.05 per share for the fiscal year ending September 2024, representing a year-over-year change of -150% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Amtech has increased by 48%, indicating a positive trend in earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, making it crucial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - Amtech's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [7].

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Amtech Systems (ASYS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Amtech Systems is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measu ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 21:Amtech Systems, Inc. (ASYS) : This semiconductor equipment company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 70.6% over the last 60 days.Amtech's shares gained 13.1% over the last three months compared with the S&P 500’s advanced of 4.6%. The company possesses a Momentum Score of B.Futu Holdings Limited (FUTU) : This company which prov ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Amtech Systems, Inc. (ASYS) : This semiconductor equipment company has seen the Zacks Consensus Estimate for its current year earnings increasing 70.6% over the last 60 days.Laureate Education, Inc. (LAUR) : This education services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.Elbit Systems Ltd. (ESLT) : This defense and aerospace technology company has seen the Zacks ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Amtech Systems (ASYS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Amtech Systems is a member of the Computer and Technology sector. This group includes 619 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Se ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Amtech Systems (ASYS) Analysis - ASYS has shown a price increase of 32.1% over the past four weeks, indicating growing investor interest [2] - The stock gained 31.8% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [3] - ASYS has a beta of 1.46, suggesting it moves 46% higher than the market in either direction, indicating fast-paced momentum [3] Group 3: Earnings and Valuation - ASYS has a Momentum Score of B, suggesting it is a favorable time to invest in the stock [3] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [4] - ASYS is trading at a Price-to-Sales ratio of 0.84, indicating it is reasonably valued at 84 cents for each dollar of sales [4] Group 4: Investment Opportunities - ASYS is part of a broader category of stocks that meet the criteria for "Fast-Paced Momentum at a Bargain," suggesting potential for further investment [5] - The Zacks Premium Screens offer various strategies to identify winning stock picks based on different investing styles [5]

Amtech Systems (ASYS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Ind ...