Quarterly ResultMay 7, 2026, 04:09 PM
Amtech Systems Q2 Net Revenue $20.5M, Net Income $1.2M
AI Summary
Amtech Systems reported strong second quarter fiscal 2026 financial results, driven by robust AI product demand. Net revenue grew 31% year-over-year to $20.5 million, and GAAP net income reached $1.2 million. The company achieved a gross margin of 48% and generated $2.1 million in cash from operations, marking its tenth consecutive quarter of positive operating cash flow. Amtech Systems also provided an optimistic outlook for the third fiscal quarter, projecting revenues between $20.5 million and $22.5 million.
Key Highlights
- Net revenue increased 31% year-over-year to $20.5 million for Q2 2026.
- GAAP net income was $1.2 million, or $0.08 per diluted share.
- Gross margin improved to 48%, up 300 bps sequentially and 1100 bps from Q2 2025 non-GAAP.
- Cash provided by operations was $2.1 million, marking the tenth consecutive quarter of positive operating cash flow.
- Customer orders reached $21.1 million, with a backlog of $22.3 million.
- Thermal Processing Solutions segment revenue was $14.7 million, and Semiconductor Fabrication Solutions segment revenue was $5.7 million.
- Company expects Q3 2026 revenues between $20.5 million and $22.5 million.
- A $5 million share repurchase program was authorized in December 2025, with no shares repurchased to date.