0001193125-26-211854
SEC filingAmtech delivered a strong Q2 FY2026 with revenue up 31.4% to $20.5M and a return to profitability, driven by AI-related demand in Asia and improved gross margin performance.
Revenue for Q2 FY2026 was $20.5M, an increase of 31.4% compared to $15.6M in Q2 FY2025. This growth reflects strong demand in Asia for AI application products, as explicitly noted in management’s discussion. Specifically, Amtech reported year-over-year growth in its advanced packaging SPG reflow oven business due to 25 AI chip demand — a direct linkage between product line performance and macro technology trends. These drivers underpin the top-line expansion and signal continued relevance in high-growth semiconductor packaging segments.
Gross profit improved to $9.8M from a $325K loss in the prior-year quarter, resulting in a gross margin of 47.7%. This swing reflects both favorable product mix and the absence of prior-year inventory write-downs associated with discontinued low-margin product lines. As stated in management commentary, gross profit is defined as net revenue less cost of goods sold, amortization of intangibles, and intangible asset impairment — all of which were materially lower in Q2 FY2026 than in the comparable period.