Amtech Systems Reports 31% Revenue Growth in Q2 Fiscal 2026

Amtech Systems, Inc. reported a significant improvement in its financial performance for the second quarter of fiscal 2026, ending March 31, 2026. The company achieved net revenues of $20.5 million, a 31% increase from $15.6 million in the same period last year. This growth was primarily driven by a surge in demand for its Thermal Processing Solutions, which saw revenues rise by 39% to $14.7 million, attributed to higher shipments of belt furnaces and reflow ovens. However, total revenues for the first half of the fiscal year decreased slightly to $39.4 million from $40.0 million in the prior year, reflecting a 1% decline.

The company reported a gross profit of $9.8 million for the second quarter, compared to a loss of $0.3 million in the same quarter of the previous year. This turnaround was largely due to a favorable product mix and the absence of prior year inventory write-downs associated with low-margin product lines. Operating income for the quarter was $1.8 million, a stark contrast to the operating loss of $31.6 million reported in the same quarter last year, which included significant goodwill and intangible asset impairments. Net income for the quarter was $1.2 million, or $0.08 per share, compared to a net loss of $31.8 million, or $(2.23) per share, in the prior year.

In terms of operational developments, Amtech's backlog increased by 16% to $22.3 million as of March 31, 2026, driven by a 61% rise in new orders for Thermal Processing Solutions. The Semiconductor Fabrication Solutions segment, however, experienced a 19% decline in new orders. The company continues to focus on expanding its market presence, particularly in Asia, where demand for AI-related products is growing. As of the end of the reporting period, Amtech's employee headcount remained stable, with no significant changes reported.

Looking ahead, Amtech Systems is optimistic about its growth prospects, particularly in the context of ongoing trends in artificial intelligence, supply chain resiliency, and advanced mobility. The company plans to continue investing in research and development to enhance its product offerings and expand its market share. However, management cautioned that the semiconductor industry remains cyclical and subject to various external factors, including geopolitical tensions and market demand fluctuations, which could impact future performance.