Amtech Systems (ASYS), a semiconductor equipment company, reported a 31% increase in revenue for fiscal Q2 2026, reaching $20.5 million, largely driven by AI-related products. Gross margins rose to nearly 47%, up approximately 300 basis points from the previous quarter. The company achieved GAAP earnings of $0.08 per share and an adjusted EBITDA of $2.5 million, with a strong backlog of $22.3 million, highlighting solid demand as it enters the latter half of the year.
The company’s TrueFlat reflow oven is crucial for packaging ultra-thin substrates used in next-generation AI GPUs and accelerators, addressing a significant bottleneck in semiconductor manufacturing as AI demand grows. Analysts have adjusted their earnings estimates upward, raising the Zacks Consensus Estimate for the current year from 25 cents to 32 cents and next year’s from 75 cents to 80 cents, placing Amtech in a strong buy position.
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