Overview

* Amtech ( ASYS ) fiscal Q3 revenue grows 26% sequentially, beating analyst expectations

* Adjusted EPS for fiscal Q3 beats consensus, reflecting improved operating leverage

* Co achieved $13 mln in annualized savings through structural cost reductions

Outlook

* Amtech ( ASYS ) expects Q4 revenue between $17 mln and $19 mln

* Company anticipates AI equipment sales growth to offset semiconductor softness

* Amtech ( ASYS ) sees adjusted EBITDA margins in mid-single digits for Q4

Result Drivers

* AI DEMAND - Strong demand for reflow ovens in AI applications in Asia drove revenue growth

* ADVANCED PACKAGING - Increased sales of advanced packaging solutions partially offset revenue decline

* COST REDUCTIONS - $13 mln in annualized savings from structural cost reductions improved operating leverage

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $19.60 $17 mln

Revenue mln (2

Analysts

)

Q3 Beat $0.06 -$0.05

Adjusted (2

EPS Analysts

)

Q3 $900,000

Adjusted

Net

Income

Q3 Net $100,000

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

* Wall Street's median 12-month price target for Amtech Systems Inc ( ASYS ) is $6.00, about 24.8% above its August 5 closing price of $4.51

* The stock recently traded at 98 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)