Amtech (ASYS) Reports Earnings Tomorrow. What To Expect

Jabin Bastian /
2023/05/09 4:29 am EDT

Semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) will be reporting results tomorrow after the bell. Here's what you need to know.

Last quarter Amtech reported revenues of $21.6 million, down 18.5% year on year, in line with analyst expectations. It was a mixed quarter for the company, with very optimistic guidance for the next quarter but a decline in operating margin.

Is Amtech buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Amtech's revenue to grow 15.2% year on year to $30.8 million, slowing down from the 34.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.

Amtech Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Amtech's peers in the semiconductor manufacturing segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Teradyne's revenues decreased 18.2% year on year, beating analyst estimates by 2.4% and Lam Research reported revenue decline of 4.7% year on year, exceeding estimates by 0.58%. Teradyne traded up 8.46% on the results, Lam Research was down 1.38%. Read our full analysis of Teradyne's results here and Lam Research's results here.

There has been a stampede out of high valuation technology stocks and while some of the semiconductor manufacturing stocks have fared somewhat better, they have not been spared, with share price declining 6.49% over the last month. Amtech is down 2.43% during the same time, and is heading into the earnings with with analyst price target of $13, compared to share price of $8.85.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.