Amtech Q3 Revenue Hits High End, AI Orders Surge 120%
ASYS has more than doubled off its 52-week low of $4.352.
Summary
Amtech delivered Q3 revenue of $22.4M, at the high end of guidance, with AI-related revenue jumping 120% year-over-year. Gross margin expanded to 50%, and adjusted EBITDA reached $3.3M, or 15% of revenue, reflecting strong operating leverage. Customer orders rose to $28.8M, driving a TPS segment book-to-bill of 1.37, while backlog grew to $28.7M. The company ended the quarter with $83.1M in cash, bolstered by the $56.5M net proceeds from the June equity offering. Management expects continued growth in Q4, fueled by AI equipment demand, though the mature-node SFS segment remains a drag. This follows the $60M stock offering completed in early June, which strengthened the balance sheet ahead of this earnings beat.
At the time of this announcement, ASYS was trading at $16.36 on NASDAQ in the Technology sector, with a market capitalization of approximately $279.9M. The 52-week trading range was $4.35 to $25.71. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.