Every 10-Q that Amtech Systems Inc (ASYS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ASYS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASYS filings page.
Amtech Systems, Inc. reported higher activity for the quarter and nine months ended June 30, 2026. Net revenue was $22.4 million for the quarter and $61.8 million year‑to‑date, modestly above the prior year, with growth led by Thermal Processing Solutions reflow ovens and diffusion furnaces tied to semiconductor and AI demand.
Gross margin improved to 50% in the quarter and 48% year‑to‑date, compared with 47% and 31% in the prior‑year periods, supporting operating income of $2.2 million for the quarter and $4.8 million year‑to‑date. Net income was $1.7 million for the quarter and $2.9 million year‑to‑date, versus a prior‑year loss that included substantial goodwill and intangible impairments.
Cash and cash equivalents rose to $83.1 million at June 30, 2026 from $17.9 million at September 30, 2025, primarily from a June 2026 underwritten public offering of 2,926,829 shares at $20.50 per share, generating net proceeds of about $56.5 million. Backlog increased to $28.7 million, reflecting stronger Thermal Processing Solutions orders, while Semiconductor Fabrication Solutions faced softer equipment and consumables demand. Management highlights secular growth themes in AI, supply‑chain relocation and advanced mobility, alongside ongoing cyclical and geopolitical risks.
Amtech Systems returned to profitability in the March 31, 2026 quarter as demand improved and prior-year charges rolled off. Net revenue rose to $20.5 million, up from $15.6 million a year earlier, driven mainly by higher Thermal Processing Solutions shipments for AI-related advanced packaging and power devices. Gross margin expanded to 48% from negative 2% as product mix improved and last year’s inventory write-downs did not recur. Net income was $1.2 million, compared with a loss of $31.8 million that had included $22.9 million of goodwill and intangible impairments. For the first six months, revenue was $39.4 million with net income of $1.3 million. Cash and cash equivalents increased to $24.4 million, and the current ratio remained a solid 2.9:1, indicating ample liquidity. New orders grew 24% to $41.8 million year-to-date and backlog increased to $22.3 million, reflecting strong Thermal Processing Solutions bookings, particularly in Asia for AI applications.
Amtech Systems reported net revenue of $18.97 million for the three months ended December 31, 2025, down from $24.39 million a year earlier as system shipments declined in both segments. Gross profit was $8.49 million, or 45% of revenue. Net income was $0.11 million, or $0.01 per diluted share, compared with $0.31 million, or $0.02 per diluted share.
Thermal Processing Solutions generated $13.98 million of revenue, while Semiconductor Fabrication Solutions contributed $4.99 million, with lower polishing and cleaning equipment shipments partly offset by stronger consumables. New orders rose 14% to $20.65 million and backlog increased to $21.57 million, supported by demand for AI-related advanced packaging tools. Operating cash flow improved to $4.10 million, lifting cash and cash equivalents to $22.08 million and keeping the current ratio at 2.9:1.