Zacks Investment Research·1 day ago
Bull of the Day: Amtech Systems (ASYS)The big players in the AI space were the early winners, but now that money is trickling down the stack.
Amtech Systems, Inc.(ASYS)Earnings, Financials & Key Ratios
ASYS•NASDAQ
$17.87
Price updated Jul 7, 2026
AboutAmtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates in Semiconductor and Material and Substrate segments. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment, including solder reflow ovens, diffusion furnaces, and customer high-temp belt furnaces for use by semiconductor manufacturers, as well as in electronics, automotive and other industries; and wafer polishing equipment and related services. Its products include horizontal diffusion furnaces; and belt furnaces. The Material and Substrate segment manufactures and sells consumables and machinery for lapping and polishing of materials, such as silicon wafers for semiconductor products; sapphire substrates for LED lighting and mobile devices; silicon carbide wafers for LED and power device applications; various glass and silica components for 3D image transmission; quartz and ceramic components for telecommunications devices; and medical device components, and optical and photonics applications. This segment also offers substrate process chemicals for use in various manufacturing processes, including semiconductors, silicon and compound semiconductor wafers, and optics. The company sells its products through sales personnel, as well as a network of independent sales representatives and distributors. The company was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. Amtech Systems, Inc. was incorporated in 1981 and is headquartered in Tempe, Arizona.Show more
- Revenue$79M-21.6%
- EBITDA-$26M-595.8%
- Net Income-$30M-257.4%
- EPS (Diluted)-2.12-253.3%
- Gross Margin34%-5.0%
- EBITDA Margin-32.44%-787.4%
- Operating Margin-35.9%-439.9%
- Net Margin-38.21%-355.8%
- ROE-44.68%-349.5%
ASYS Price & Volume
Amtech Systems, Inc. (ASYS) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Masks Operational Margin Recovery
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical revenue volatility
Key Thesis Takeaways
- Amtech Systems exhibits a highly erratic financial profile driven by project-based semiconductor equipment sales, which complicates long-term earnings predictability.
- While the company maintains a conservative capital structure with a 0.33 debt-to-equity ratio, persistent negative retained earnings of $74.6 million underscore the structural challenges in achieving consistent profitability.
- Investors should remain cautious as the firm's reliance on lumpy revenue cycles creates significant risk for earnings dilution and operational cash flow instability.
Verdict Logic
while the company maintains a healthy current ratio of 2.87, the extreme volatility in quarterly net income and the history of significant operating losses, such as the $31.6 million loss in 2025Q2, warrant a wait-and-see approach.
ASYS Growth Metrics
Amtech Systems, Inc. (ASYS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-2.75%
5 Years3.93%
3 Years-9.28%
TTM-13.2%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM106.3%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM110.32%
Return on Capital
10 Years-2.88%
5 Years-6.68%
3 Years-17.82%
Last Year-33.23%
ASYS Recent Earnings
Amtech Systems, Inc. (ASYS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.10+100.0%
$0.05
Rev
$20M+5.0%
$20M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.03-57.1%
$0.07
Rev
$19M+0.0%
$19M
Q4 2025
Dec 10, 2025Metric
Actual
Est
EPS
$0.10+433.3%
$0.03
Rev
$20M+16.7%
$17M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.06+175.0%
$0.08
Rev
$20M+10.2%
$18M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.10vs $0.05+100.0% | $20Mvs $20M+5.0% |
| Q1 2026 | Feb 5, 2026 | $0.03vs $0.07-57.1% | $19Mvs $19M+0.0% |
| Q4 2025 | Dec 10, 2025 | $0.10vs $0.03+433.3% | $20Mvs $17M+16.7% |
| Q3 2025 | Aug 6, 2025 | $0.06vs $0.08+175.0% | $20Mvs $18M+10.2% |
Based on last 12 quarters of dataView full earnings history →
Latest ASYS News
Recent stock market news and headlines for Amtech Systems, Inc. (ASYS)
Zacks Investment Research·4 days ago
Amtech (ASYS) Upgraded to Strong Buy: What Does It Mean for the Stock?Amtech (ASYS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Zacks Investment Research·Jun 25, 2026
Best Momentum Stocks to Buy for June 25thASYS, ROG and CMI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 25th, 2026.
Zacks Investment Research·Jun 25, 2026
New Strong Buy Stocks for June 25thJLL, ADM, CMI, ROG and ASYS have been added to the Zacks Rank #1 (Strong Buy) List on June 25th, 2026.
Zacks Investment Research·Jun 22, 2026
Buy TI and Amtech to Play the AI Boom in SemiconductorsAI Infrastructure spending is driving a powerful semiconductor upcycle, but geopolitics and tariff risks remain. Our picks are TXN and ASYS.
Peers Comparison
Key metrics vs top competitors for Amtech Systems, Inc. (ASYS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $17.87 | $259.1M | -8.43 | -21.59% | -38.21% | -44.68% | — | |
| $94.66 | $6.27B | 69.09 | 15.24% | 9.48% | 5.13% | — | |
| $58.15 | $2.7B | -118.67 | -11.11% | -14.69% | -4.89% | — | |
| $90.78 | $4.13B | -22.70 | -2.08% | -9.38% | -25.39% | — | |
| $133.26 | $6.14B | 128.13 | 15.57% | 28.36% | 23.49% | — | |
| $85.01 | $2.95B | -55.20 | 11.61% | -5.28% | -7.5% | — |
Compare ASYS vs Peers
Amtech Systems, Inc. (ASYS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ASYS SEC Filings & Documents
Amtech Systems, Inc. (ASYS) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
May 7, 2026·SEC
Material company update
Apr 30, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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ASYS Frequently Asked Questions
Amtech Systems, Inc. (ASYS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Amtech Systems, Inc.'s revenue?
Amtech Systems, Inc. (ASYS) reported $78.8M in revenue for fiscal year 2025. This represents a 839% increase from $8.4M in 1996.
How fast is Amtech Systems, Inc. growing?
Amtech Systems, Inc. (ASYS) saw revenue decline by 21.6% over the past year.
Is ASYS profitable?
Yes, Amtech Systems, Inc. (ASYS) is profitable, generating $2.0M in net income for fiscal year 2025 (-38.2% net margin).
Dividend & Returns
What is ASYS's return on equity?
Amtech Systems, Inc. (ASYS) has a return on equity (ROE) of -44.7%. Negative ROE indicates the company is unprofitable.
What is Amtech Systems, Inc.'s free cash flow?
Amtech Systems, Inc. (ASYS) generated $9.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.