| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 18.97 | 22.2% |
| Total Income | 18.97 | 22.2% |
| Expenditure | 18.20 | 24.3% |
| PBT | 0.69 | 9.2% |
| Net Profit | 0.11 | 64.5% |
| OPM | 4.08% | 2.70pp |
| NPM | 0.57% | 0.71pp |
| EPS | 0.01 | 50.0% |
Amtech Reports Q1 2026 Results: Orders Exceed Revenues
04 May 2026 · 4 May, 1:26 am
Summary
Amtech Systems, Inc. reported its first quarter fiscal year 2026 results, with net revenue of $19.0 million. Customer orders exceeded revenues at $20.7 million, leading to a backlog of $21.6 million. The company generated $4.1 million in cash from operations and ended the quarter with a cash balance of $22.1 million. Management expects continued strength in demand for equipment powering AI applications, resulting in increased bookings on a sequential quarterly basis through the end of fiscal 2026.
Key Highlights
- 1
Amtech reported net revenue of $19.0 million for the first quarter of fiscal year 2026.
- 2
Customer orders reached $20.7 million, resulting in a backlog of $21.6 million.
- 3
Cash provided by operations was $4.1 million for the quarter.
- 4
GAAP net income was $0.1 million, or $0.01 per diluted share.
- 5
Adjusted EBITDA amounted to $1.4 million for the first quarter.
- 6
AI infrastructure demand accounted for 35% of the Thermal Processing Solutions segment revenue, up from 30% in the prior quarter.
- 7
Cash balance increased to $22.1 million, up from $17.9 million in the prior quarter.
Management Comments
Bob Daigle
Equipment demand for AI infrastructure was strong in the quarter and accounted for 35% of our Thermal Processing Solutions (TPS) segment revenue, up from 30% in the prior quarter. Our book-to-bill ratio was 1.1 in the quarter, driven by AI applications with some deliveries stretching into Q3 to align with customer factory buildouts. We expect strength in demand for equipment powering AI applications to result in increased bookings on a sequential quarterly basis through the end of fiscal 2026. We are generating strong operating cash flow driven by high quality revenue streams, the cost structure improvements achieved over the last two years and improved collections in the quarter. The first quarter of fiscal 2026 marks the ninth consecutive quarter of positive operating cash flow. We ended the first quarter with $22.1 million of cash, up from $17.9 million in the prior quarter, with no debt. We believe growth opportunities driven by AI infrastructure investments and our differentiated capabilities combined with strong operating leverage that result from our asset-lite, semi-fabless business model position us well to deliver meaningful shareholder value.”
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