Amtech Systems' Q3 revenue beats analyst expectations
Overview
Amtech 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 expects Q4 revenue between $17 mln and $19 mln
Company anticipates AI equipment sales growth to offset semiconductor softness
Amtech 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/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $19.60 mln | $17 mln (2 Analysts) |
Q3 Adjusted EPS | Beat | $0.06 | -$0.05 (2 Analysts) |
Q3 Adjusted Net Income | $900,000 | ||
Q3 Net Income | $100,000 |
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 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
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