ASYS Stock Plunges 27% After Q1 Earnings & Revenues Miss Estimates

Core Insights - Amtech Systems (ASYS) shares fell 27% after reporting weaker-than-expected results for Q1 fiscal 2026, with earnings per share (EPS) of 3 cents compared to 6 cents in the same quarter last year, missing the Zacks Consensus Estimate of 7 cents per share [1][9] Financial Performance - ASYS reported net revenues of $18.97 million, a decline of 22.2% year-over-year, and missed the Zacks Consensus Estimate by 0.14% [2][9] - Thermal Processing Solutions sales were $13.98 million, accounting for 73.7% of total revenue, down 25.2% from the previous year [3] - Semiconductor Fabrication Solutions revenues were $4.99 million, representing 26.3% of total revenue, down 12.4% year-over-year [3] - Non-GAAP gross margin was 45%, an increase of 700 basis points from the year-ago quarter [3] - Adjusted EBITDA was $1.44 million, down from $1.92 million in the same quarter last year [4] Guidance and Future Outlook - For Q2 fiscal 2026, ASYS expects revenues between $19 million and $21 million, with the Zacks Consensus Estimate at $19.5 million, indicating a year-over-year increase of 25.2% [6][9] - Adjusted EBITDA margins are anticipated to remain in the high single digits [6] Earnings Estimates - The Zacks Consensus Estimate for Q2 fiscal 2026 earnings is set at 9 cents per share, compared to a loss of 16 cents per share in the same quarter last year [7]