Welcome to our dedicated page for Amtech Systems news (Ticker: ASYS), a resource for investors and traders seeking the latest updates and insights on Amtech Systems stock.
Amtech Systems, Inc. (NASDAQ: ASYS) is a manufacturer of equipment, consumables and services for semiconductor wafer fabrication, device packaging and advanced substrate fabrication. Company news frequently highlights its role in AI semiconductor device packaging, including advanced packaging and electronics assembly equipment for AI GPUs and advanced automotive electronics.
On this page, readers can follow Amtech’s news flow around quarterly and annual financial results, where the company reports segment performance for its Thermal Processing Solutions and Semiconductor Fabrication Solutions businesses, along with metrics such as revenue, gross margin, adjusted EBITDA, customer orders and backlog. Earnings releases also discuss demand trends in advanced packaging for AI applications versus mature-node semiconductor markets, including silicon carbide-related products.
Amtech’s news also covers business updates and guidance, such as revisions to revenue and adjusted EBITDA expectations when order timing, customer disputes or market softness affect results. The company has issued updates describing shipping delays for specific thermal processing systems, non-cash inventory write-downs and goodwill and intangible asset impairments tied to prolonged downturns in mature-node semiconductor markets.
Investors can also find corporate and capital allocation announcements in Amtech’s news, including authorization of share repurchase programs and participation in investor conferences hosted by firms such as Roth and The Benchmark Company. These items provide insight into how management communicates its strategy, cost structure changes and focus on AI-related growth opportunities. For anyone tracking ASYS, this news feed offers a centralized view of operational performance, market commentary and key corporate developments over time.
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Amtech Systems, Inc. (ASYS) will announce its second quarter 2023 financial results on May 10, 2023, after market close. The earnings report will cover the period ending March 31, 2023. Following the announcement, a conference call will be held at 5:00 PM ET, featuring CEO Michael Whang, CFO Lisa Gibbs, and VP Paul Lancaster. They will discuss quarterly performance, current business conditions, and engage in a Q&A session. Investors can join the call by dialing 1-877-407-0784 for domestic callers or +1-201-689-8560 for international participants. A live webcast will also be accessible in the investor relations section of Amtech's website, with a replay available within two hours of the call for 30 days.
Amtech Systems, Inc. (NASDAQ: ASYS), headquartered in Tempe, Arizona, has announced multiple orders totaling $9.7 million for its automated clustered 300mm horizontal diffusion furnace systems designed for power semiconductor manufacturing. These orders are to be shipped by mid fiscal year 2024 and will be utilized in leading semiconductor fabs in North America and Asia. The BDF300 system, noted for its high market share in power device applications, is recognized for its ability to maintain higher process temperatures and prevent wafer slippage. CEO Michael Whang emphasized the technology's reliability, especially for automotive applications.
Amtech Systems, Inc. (NASDAQ: ASYS) announced a $1.8M multi-unit order for high volume reflow systems, particularly the Pyramax reflow oven, from a leading OSAT customer. This order, set to ship from March through the third fiscal quarter of 2023, adds to over 300 units ordered by the customer, highlighting ongoing demand in advanced packaging applications despite industry uncertainties. CEO Michael Whang expressed optimism regarding this order's significance in the advanced computing market and praised the company's strong relationships in the OSAT sector.
Amtech Systems (NASDAQ: ASYS) announced the sale of its 20th OnTrak double-sided wafer scrubber for Silicon Carbide (SiC) manufacturing applications. The order, from an existing customer in North America, demonstrates the growing demand for these systems in the semiconductor sector.
The scrubber is designed for 100-200mm wafers and accommodates smaller sizes, enhancing its versatility. Previous orders have come from various regions, with Europe and North America being key markets. CEO Michael Whang highlighted the significance of this milestone in strengthening Amtech's position in the SiC segment, pivotal for electric vehicles and clean technology.
Amtech Systems, Inc. (NASDAQ: ASYS) announced multiple follow-on orders for controlled atmosphere belt furnaces used in the thermal processing of assemblies and substrates for electric vehicle (EV) production. These orders, from its BTU International division, will commence delivery in the second half of 2023 and continue into 2024. The furnaces will support applications in EV battery cooling and electronic controls, showcasing Amtech's strategic positioning within the automotive supply chain. CEO Michael Whang noted the significance of these orders as a transition to volume production in the EV industry.
Amtech Systems, Inc. (ASYS) reported a net revenue of $21.6 million for Q1 FY 2023, a 33% decrease from the previous quarter. The company faced an operating loss of $2.7 million, reflecting a decline in shipments of semiconductor and polishing equipment. Customer orders remained strong at $25.2 million, with a book-to-bill ratio of 1.2:1. The net loss per diluted share was $0.20, compared to a profit of $0.30 in the prior quarter. For Q2 FY 2023, revenues are projected to be between $30 million and $32 million, including the Entrepix acquisition.
Amtech Systems, Inc. (NASDAQ: ASYS) is set to announce its first quarter 2023 financial results on February 8, 2023, after market close.
The company, involved in manufacturing capital equipment for the semiconductor industry, will host a conference call featuring key executives, including Michael Whang (CEO) and Lisa Gibbs (CFO), to discuss the results and current business conditions.
The call will start at 5:00 pm ET and will be accessible via phone and a live webcast on the company's investor relations page.
Amtech Systems, Inc. (NASDAQ: ASYS) announced the acquisition of Entrepix, Inc., a leader in chemical mechanical polishing (CMP) and wafer cleaning, for $35 million. This strategic move aims to enhance Amtech's market presence and accelerate growth in the front-end wafer processing sector, particularly in silicon carbide applications. The acquisition closed on January 17, 2023, and is expected to create significant value for Amtech's shareholders from day one. Entrepix reported revenues of $26.7 million for the trailing twelve months ended December 31, 2022. Both companies share a commitment to technical leadership and customer service.