Amtech (ASYS) Misses Targets but Sees Strong AI Equipment Demand

Amtech Systems, Inc. (NASDAQ:ASYS) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On May 12, Amtech Systems, Inc. (NASDAQ:ASYS) announced its results for the second quarter of fiscal year 2025, which ended on March 31, 2025.

The company’s revenue and adjusted EBITDA for the quarter came in below guidance and failed to meet expectations. This was primarily because of the delayed shipment of a horizontal diffusion furnace. Additionally, the extended downturn for capital equipment serving Amtech Systems, Inc.’s (NASDAQ:ASYS) mature node semiconductor customers led to non-cash impairments and inventory write-downs. The company ended the quarter with a slightly higher cash balance as these were non-cash items.

Despite these short-term challenges in the mature node market, Amtech Systems, Inc. (NASDAQ:ASYS) is seeing strong demand trends in back-end semiconductor markets. Demand for the company’s advanced packaging equipment, especially those supporting AI applications, remains strong.

In the second quarter of fiscal year 2025, bookings for this product line surpassed the total bookings for all of fiscal year 2024. Amtech Systems, Inc. (NASDAQ:ASYS) explained that this strong momentum is supported by secular investments in AI infrastructure, which provides a boost to the company’s advanced packaging equipment sales.

Amtech Systems, Inc. (NASDAQ:ASYS) is a global supplier of semiconductor equipment, consumables, and services for semiconductor wafer fabrication and device packaging.

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Disclosure: None. This article is originally published at Insider Monkey.