| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 20.47 | 7.9% | 31.4% |
| Total Income | 20.47 | 7.9% | 31.4% |
| Expenditure | 18.67 | 2.6% | 60.4% |
| PBT | 1.67 | 142.0% | 105.3% |
| Net Profit | 1.17 | 963.6% | 103.7% |
| OPM | 8.77% | 4.68pp | |
| NPM | 5.70% | 5.13pp | |
| EPS | 0.08 | 700.0% | 103.6% |
Amtech Systems Reports Q2 FY2026 Results: Revenue Up 31% YoY
08 May 2026 · 8 May, 1:39 am
Summary
Amtech Systems reported a 31% year-over-year increase in net revenue, reaching $20.5 million for the second quarter of fiscal year 2026, driven by strong AI product demand. GAAP net income was $1.2 million, or $0.08 per share, compared to a net loss of $31.8 million in the same quarter of the previous year. The gross margin improved significantly to 48%, up from 44.8% in the previous quarter and -2.1% in the prior year period. The company expects revenues in the range of $20.5 to $22.5 million for the third fiscal quarter ending June 30, 2026.
Key Highlights
- 1
Amtech Systems' net revenue increased by 31% year-over-year to $20.5 million in the second quarter of fiscal year 2026.
- 2
The company's GAAP net income for Q2 FY26 was $1.2 million, or $0.08 per share.
- 3
Gross margin improved to 48% in Q2 FY26, an increase of approximately 300 bps from the first quarter.
- 4
Customer orders totaled $21.1 million, and the backlog reached $22.3 million.
- 5
Cash provided by operations was $2.1 million for the second quarter of fiscal year 2026.
- 6
Adjusted EBITDA was $2.5 million for the second quarter of fiscal year 2026.
Management Comments
Bob Daigle
AI related equipment demand continued to be very strong in the quarter and allowed us to deliver revenue that was up 8% sequentially and 31% year-over-year. Second quarter gross margin improved to 48%, an approximately 300 bps increase from the first quarter and an approximately 1100 bps increase from non-GAAP margins in the second quarter of 2025. These results continue to validate the strong operating leverage created by our initiatives to discontinue low margin product-lines and migrate to a semi-fabless manufacturing model over the past two years. The second quarter of fiscal 2026 marks the tenth consecutive quarter of positive operating cash flow. We are encouraged by the strong double-digit growth in recurring revenue streams we’ve generated from customer-centric growth initiatives in both of our business segments. This will continue to be an area of focus in addition to capitalizing on our differentiated equipment capabilities for advanced packaging and enterprise board assembly to support the enormous buildout of AI infrastructure. We are extremely well positioned to deliver meaningful shareholder value as we build on the strong financial foundation we’ve established to drive additional growth.”
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