Chip equipment maker Amtech's Q4 revenue rises

Overview

• AI semiconductor equipment maker's fiscal Q4 revenue rose sequentially, driven by AI applications

• Company announced $5 mln share repurchase authorization

Outlook

• Amtech expects Q1 2026 revenue between $18 mln and $20 mln

• AI equipment sales to offset softness in mature node semiconductor lines

• Amtech anticipates high single-digit adjusted EBITDA margins in Q1 2026

Result Drivers

• AI DEMAND - Strong demand for AI applications drove revenue growth in Q4, particularly in the Thermal Processing Solutions segment

• COST STRUCTURE IMPROVEMENTS - Cost structure improvements over the past 18 months resulted in adjusted EBITDA margins above 10% for the quarter

• CASH FLOW - Company reported its eighth consecutive quarter of positive operating cash flow, ending fiscal year with nearly $18 mln in cash

Key Details

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 is $6.00, about 31.9% below its December 9 closing price of $8.82

• The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nBw2HzWlHa

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(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.)