Amtech Systems, Inc. reported a significant decline in financial performance for the first quarter of fiscal year 2025, ending December 31, 2025. The company generated net revenues of $18.973 million, a decrease of 22% from $24.385 million in the same period last year. The gross profit also fell to $8.493 million, down from $9.363 million, resulting in a gross margin of 45%, compared to 38% in the prior year. The net income for the quarter was $108,000, or $0.01 per share, a decline from $312,000, or $0.02 per share, in the previous year.
The decrease in revenue was primarily attributed to reduced shipments in the Thermal Processing Solutions segment, particularly in belt and horizontal diffusion furnaces, despite some growth in parts and service business. The Semiconductor Fabrication Solutions segment also saw a decline, mainly due to lower shipments of polishing equipment. In contrast, new orders increased by 14% to $20.654 million, driven by strong demand in Asia for AI application products, with a backlog of $21.571 million, up 14% from the previous year.
Operationally, Amtech's total current assets rose to $62.356 million from $60.177 million, with cash and cash equivalents increasing to $22.078 million. The company maintained a current ratio of 2.9:1, indicating stable liquidity. However, the employee headcount remained relatively unchanged, and the company continues to face challenges in the semiconductor market, which is characterized by cyclical trends and geopolitical tensions affecting demand.
Looking ahead, Amtech plans to focus on strategic growth initiatives, including investments in research and development to enhance its product offerings in the Thermal Processing Solutions segment, particularly for AI applications. The company also aims to pursue acquisitions to supplement organic growth, as it navigates the evolving semiconductor landscape. Despite the current challenges, management remains optimistic about future opportunities, particularly in markets driven by advancements in artificial intelligence and electric vehicle technologies.
About AMTECH SYSTEMS INC
Amtech Systems, Inc. specializes in semiconductor fabrication and thermal processing solutions, providing equipment, consumables, and services for wafer fabrication and device packaging. With a focus on silicon carbide and silicon power devices, Amtech targets semiconductor manufacturers globally, particularly in Asia, North America, and Europe. The company is capitalizing on growth opportunities in electric vehicles and advanced packaging, while enhancing its product offerings through strategic acquisitions and customer-centric innovations.
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