Amtech Systems (ASYS) Tops Q3 EPS by 4c

Amtech Systems (NASDAQ: ASYS) reported Q3 EPS of $0.03, $0.04 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $23.1 million versus the consensus estimate of $21.93 million.

Mr. Michael Whang, Chief Executive Officer of Amtech, commented, “Our strong momentum continued in the third quarter, with revenue growing 17% sequentially and 52% year over year. Broad-based demand for our Semiconductor products remains strong, while the resumption of Material and Substrate equipment purchases signals a growing confidence in our customers’ outlook. Combined with the longer-term growth opportunities created by power semiconductors, advanced packaging, automotive electronics, electric vehicles, and 5G communications, we believe our leadership position in the markets we serve will drive growth and profitability in the years ahead.”

For earnings history and earnings-related data on Amtech Systems (ASYS) click here.

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