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]

Core Insights - Amtech Systems (ASYS) shares increased by 5.6% after reporting better-than-expected earnings for Q4 fiscal 2025, with EPS of 10 cents compared to break-even earnings in the same quarter last year, while the Zacks Consensus Estimate was a loss of 3 cents per share [1][9] Financial Performance - ASYS reported net revenues of $19.84 million for Q4, a decrease of 17.7% year-over-year, but exceeded the Zacks Consensus Estimate by 16.7% [2][9] - The company's Thermal Processing Solutions sales were $14.59 million, accounting for 73.5% of total revenue, down 9.7% from the previous year [3] - Semiconductor Fabrication Solutions revenues were $5.25 million, representing 26.5% of total revenue, down 34% year-over-year [3] - Non-GAAP gross margin improved to 44.4%, an increase of 370 basis points from the year-ago quarter [3] - Adjusted EBITDA for the quarter was $2.64 million, significantly up from $0.8 million in the same quarter last year [4] Balance Sheet - As of September 30, 2025, cash and cash equivalents were $17.91 million, an increase from $15.56 million as of June 30, 2025 [5] Future Guidance - For Q1 fiscal 2026, ASYS expects revenues between $18 million and $20 million, with the Zacks Consensus Estimate at $19 million, indicating a year-over-year decrease of 22.1% [6] - The company anticipates adjusted EBITDA margins to remain in the high single digits [6] - The Zacks Consensus Estimate for Q1 fiscal 2026 projects a loss per share of 2 cents, compared to earnings of 6 cents per share in the same quarter last year [7]

Financial Data and Key Metrics Changes - The company reported revenue of $19.6 million for the third fiscal quarter of 2025, representing a 26% increase over the prior quarter, but a 27% decrease compared to the same period last year [5][12] - Adjusted EBITDA was $2.2 million, benefiting from a nonrecurring employee retention credit, while normalized gross margin improved to 41.5% from 36.5% in the previous year [5][13] - GAAP net income for the quarter was $100,000 or $0.01 per share, compared to a net loss of $31.8 million or $2.23 per share in the preceding quarter [14] Business Line Data and Key Metrics Changes - The Thermal Processing Solutions segment saw significant growth, particularly in AI-related equipment, which accounted for about 25% of its revenue, with a fivefold increase in revenue from AI equipment year-over-year [6][7] - The Semiconductor Fabrication Solutions segment experienced weak demand for front-end equipment tied to mature node applications, although performance modestly exceeded expectations due to improved demand for consumables [8][9] Market Data and Key Metrics Changes - Revenue growth was primarily driven by strong demand in Asia for reflow ovens used in AI applications, while the mature node semiconductor market continued to show weakness [12] - The company expects continued strength in AI-related equipment sales to partially offset the softness in mature node product lines in the upcoming quarter [15][16] Company Strategy and Development Direction - The company is focused on expanding recurring revenue streams while capitalizing on opportunities in AI infrastructure, with ongoing investments in next-generation semiconductor packaging equipment [7][10] - Structural changes have been made to improve operating leverage, including consolidating manufacturing sites and optimizing the operating model, which are expected to enhance profitability [10][16] Management's Comments on Operating Environment and Future Outlook - Management noted that the near-term environment remains dynamic, with strong demand for AI-related products but weak demand for mature node products [10] - The company anticipates improved operating leverage and adjusted EBITDA margins in the mid-single digits due to previously implemented cost reductions [16] Other Important Information - The company has achieved $13 million in annualized savings through cost reduction initiatives over the past eighteen months [10] - Unrestricted cash and cash equivalents increased to $15.6 million as of June 30, 2025, compared to $11.1 million at the end of the previous fiscal year [15] Q&A Session Summary Question: No questions were raised during the Q&A session - There were no questions from participants during the call, and the session concluded without any inquiries [18]