ASYS Stock Down 27% After Q1 Earnings and Revenues Miss Estimates

Amtech Systems reported Q1 EPS of 3 cents, missing the Zacks Consensus Estimate of 7 cents. Net revenues were $18.97 million, down 22.2% YoY and missing the consensus estimate by 0.14%. Thermal Processing Solutions sales decreased 25.2% YoY, while Semiconductor Fabrication Solutions revenues decreased 12.4% YoY. Adjusted EBITDA was $1.44 million, down from $1.92 million YoY. For Q2 FY26, ASYS expects revenues between $19 million and $21 million, with adjusted EBITDA margins in the high single digits.