What To Expect From Amtech’s (ASYS) Q1 Earnings

Semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) will be reporting results this Thursday afternoon. Here’s what investors should know.

Amtech met analysts’ revenue expectations last quarter, reporting revenues of $18.97 million, down 22.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

Is Amtech a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Amtech’s revenue to grow 25.2% year on year, a reversal from the 38.7% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amtech has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Amtech’s peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. IPG Photonics delivered year-on-year revenue growth of 16.6%, beating analysts’ expectations by 2.7%, and Teradyne reported revenues up 87%, topping estimates by 5.6%. Teradyne traded down 19.4% following the results.

Read our full analysis of IPG Photonics’s results here and Teradyne’s results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 42.2% on average over the last month. Amtech is up 46.2% during the same time and is heading into earnings with an average analyst price target of $16 (compared to the current share price of $17.79).

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