AMTECH SYSTEMS INC

Amtech Systems announced that Robert C. Daigle will retire as Chief Executive Officer on August 13, 2026, and will transition to the role of Executive Chairman. Concurrently, Guy Shechter, currently President and COO, has been appointed as the new Chief Executive Officer, effective August 13, 2026. Mr. Shechter will also join the company's Board of Directors.

AMTECH SYSTEMS INC. reported a significant improvement in its financial performance for the third quarter and nine months ended June 30, 2026. Net income for Q3 2026 jumped to $1.66 million, while revenue increased by 14.5% year-over-year. The company also completed a public offering of common stock in June 2026, generating $56.53 million in net proceeds, which substantially boosted its cash and cash equivalents to $83.11 million and total shareholders' equity.

Amtech Systems, Inc. successfully closed an oversubscribed underwritten public offering on June 3, 2026. The company issued 2,926,829 shares of its common stock at a price of $20.50 per share, resulting in aggregate gross proceeds of approximately $60 million. The net proceeds are intended to accelerate growth in semiconductor packaging and advanced wafer substrate fabrication, pursue accretive merger and acquisition opportunities, and for working capital and general corporate purposes. A 60-day lock-up period applies to the company, its directors, and officers.

Amtech Systems, Inc. announced the appointment of Mr. Guy Shechter as its new President and Chief Operating Officer, effective May 19, 2026. Mr. Shechter brings extensive leadership experience from his previous roles at Yield Engineering Systems and Veeco Instruments. His compensation package includes an annual base salary of $400,000, eligibility for an annual incentive bonus, a grant of 50,000 stock options, and initial relocation and monthly payments.

Amtech Systems Inc. reported a significant turnaround in the second quarter of fiscal year 2026, achieving a net income of $1.17 million, a substantial improvement from a net loss of $31.81 million in the prior year. Revenue for the quarter increased by 31.4% to $20.47 million. For the six months ended March 31, 2026, the company also posted a net income of $1.27 million, reversing a $31.50 million loss from the previous year, and saw a strong increase in cash and cash equivalents.

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.

AMTECH SYSTEMS INC announced the appointment of Thomas Sabol as its new Chief Financial Officer, Principal Accounting Officer, and Principal Financial Officer, effective May 14, 2026. Mr. Sabol, 67, brings over 30 years of senior financial leadership experience, including more than two decades as a CFO for public and private companies. He will receive an annual base salary of $350,000, an annual incentive bonus target of 50% of his base salary, and a grant of 45,000 stock options.