Amtech Systems (ASYS) AI Stock Analysis

• Market Cap: $175.01M
• Dividend Yield: N/A
• Average Volume (3M): 155.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: -21.59%
• EPS Growth: -254.69%
• Country: US
• Employees: 328
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.07
• Shares Outstanding: 14,356,797
• 10 Day Avg. Volume: 252,708
• 30 Day Avg. Volume: 155,409
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.14
• Revenue Forecast (FY): $87.25M

• Rating: 66 Neutral
• Price Target: $13.00 ▲(6.64% Upside)

Amtech Systems' stock is buoyed by strong technical momentum and positive earnings call highlights, particularly in AI segments. However, financial challenges and valuation concerns weigh on the overall score. The stock's future performance will depend on continued operational improvements and addressing financial weaknesses.

Positive Factors

AI Equipment Demand

Strong demand for AI infrastructure equipment boosts revenue and positions Amtech well in a growing market segment, enhancing long-term growth prospects.

Debt Elimination

Eliminating debt improves financial flexibility and reduces risk, allowing Amtech to invest in growth opportunities without the burden of interest payments.

Operational Efficiency

Operational efficiency improvements reduce costs and increase margins, enhancing profitability and competitiveness in the long term.

Negative Factors

Declining Semiconductor Revenue

Weakness in mature node semiconductor revenues suggests challenges in a key segment, potentially impacting overall revenue stability and growth.

CFO Resignation

The CFO's resignation introduces uncertainty in financial leadership, which could affect strategic decision-making and investor confidence.

Revenue Decline

Declining revenue and profitability indicate potential challenges in market demand or competitive positioning, affecting long-term financial health.

Amtech Systems Business Overview & Revenue Model

Company Description

Amtech Systems, Inc. (ASYS) is a global supplier of production and automation systems for the semiconductor and solar industries. The company specializes in providing advanced technology solutions, including manufacturing equipment and software, for the fabrication of solar cells and semiconductor devices. Amtech operates through several segments, primarily focusing on solar manufacturing equipment, semiconductor wafer fabrication, and related services, catering to a diverse clientele within these high-tech sectors.

How the Company Makes Money

Amtech Systems generates revenue primarily through the sale of its manufacturing equipment and related services to companies in the semiconductor and solar industries. The company earns money by providing equipment like diffusion furnaces, automation systems, and other essential machinery used in the production processes. Key revenue streams include direct sales of equipment, spare parts, and after-sales services such as maintenance and technical support. Amtech also benefits from strategic partnerships and collaborations with leading manufacturers and technology firms in the semiconductor and solar sectors, which can enhance its market reach and revenue potential. Additionally, the company may receive income from research and development contracts or projects that align with its core technologies.

Amtech Systems Financial Statement Overview

Summary

Amtech Systems faces financial challenges with declining revenues and profitability. Despite increasing leverage, the company maintains control over its debt levels. Positive cash flow generation indicates resilience, but continued focus on profitability and debt management is crucial.

Income Statement

Amtech Systems has faced declining revenue and profitability over the past year, with a negative net profit margin and EBIT margin. The revenue growth rate is negative, indicating a contraction in sales. However, the gross profit margin remains relatively stable, suggesting some control over production costs.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating higher leverage, but it remains within a manageable range. The return on equity is negative, reflecting recent losses. The equity ratio is stable, showing a solid equity base relative to total assets.

Cash Flow

Amtech Systems shows positive free cash flow growth, indicating improved cash generation capabilities. The operating cash flow to net income ratio is positive, suggesting efficient cash conversion from earnings. However, the free cash flow to net income ratio indicates challenges in translating earnings into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	79.36M	79.36M	101.21M	113.31M	106.30M	85.20M
Gross Profit	26.98M	26.98M	36.23M	35.55M	39.51M	34.53M
EBITDA	-25.23M	-25.22M	-3.92M	-9.65M	6.55M	5.07M
Net Income	-30.33M	-30.33M	-8.49M	-12.58M	17.37M	1.51M
Balance Sheet
Total Assets	98.93M	98.93M	118.95M	137.02M	133.53M	116.91M
Cash, Cash Equivalents and Short-Term Investments	17.90M	17.90M	11.09M	13.13M	46.87M	32.84M
Total Debt	19.51M	19.51M	17.57M	22.20M	11.82M	14.25M
Total Liabilities	45.54M	45.54M	36.59M	48.66M	35.17M	31.28M
Stockholders Equity	53.38M	53.38M	82.36M	88.36M	98.37M	85.63M
Cash Flow
Free Cash Flow	6.93M	6.93M	4.96M	-10.60M	4.07M	-8.97M
Operating Cash Flow	7.88M	7.88M	9.84M	-7.70M	5.20M	-5.96M
Investing Cash Flow	-912.00K	-912.00K	-2.18M	-37.83M	18.77M	-8.09M
Financing Cash Flow	270.00K	270.00K	-10.63M	11.74M	-8.27M	1.17M

Amtech Systems Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASYS, the sentiment is Positive. The current price of 12.19 is above the 20-day moving average (MA) of 9.20, above the 50-day MA of 8.36, and above the 200-day MA of 6.00, indicating a bullish trend. The MACD of 1.09 indicates Negative momentum. The RSI at 81.16 is Negative, neither overbought nor oversold. The STOCH value of 92.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASYS.

Amtech Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASYS	66 Neutral	$175.01M	―	-44.68%	―	-21.59%	-254.69%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AXTI	61 Neutral	$576.26M	-26.57	-12.00%	―	-4.54%	-119.39%
INTT	56 Neutral	$92.13M	-39.01	-2.24%	―	-2.20%	-204.45%
GSIT	51 Neutral	$186.08M	-12.93	-32.47%	―	22.00%	28.06%
MX	46 Neutral	$92.11M	-2.52	-8.46%	―	-7.79%	10.04%
ATOM	41 Neutral	$72.55M	-3.27	-116.86%	―	-94.26%	3.20%

Amtech Systems Corporate Events

Amtech Systems Announces $5 Million Share Buyback

On December 9, 2025, Amtech Systems‘ Board of Directors approved a share repurchase program for up to $5 million of its common stock over 12 months. This move comes as the company reported strong financial results for the fourth quarter of fiscal 2025, driven by demand for AI-related products. The company achieved a net revenue of $19.8 million and a non-GAAP net income of $1.4 million, with AI infrastructure accounting for over 30% of its Thermal Processing Solutions segment revenue. Amtech’s strategic focus on growth and cost structure improvements has positioned it well for delivering shareholder value.

Amtech Systems Exceeds Q4 Revenue Guidance

On December 1, 2025, Amtech Systems, Inc. announced preliminary, unaudited financial results for the fiscal fourth quarter and full year ended September 30, 2025. The company reported that its fourth-quarter revenue is expected to exceed the top end of its guidance, with an estimated net revenue of $19.8 million and an adjusted EBITDA of $2.6 million. The full-year net revenue is estimated at $79.4 million, with an adjusted EBITDA of $5.4 million. The cash balance increased by $6.8 million from the prior year, indicating strong demand for their AI application equipment. These results suggest a positive impact on Amtech’s operations and industry positioning, reflecting continued strength in demand for their products.