Earnings To Watch: Amtech (ASYS) Reports Q1 Results Tomorrow

Radek Strnad /
2023/02/07 7:31 am EST

Semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) will be reporting earnings tomorrow after market hours. Here's what to look for.

Last quarter Amtech reported revenues of $32.3 million, up 32.7% year on year, beating analyst revenue expectations by 7.71%. It was a very strong quarter for the company, with a significant improvement in inventory levels and 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 decline 21.3% year on year to $21.5 million, a further deceleration on the 52% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is 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 Q1 earnings results, giving us a hint of what we can expect. Kulicke and Soffa's revenues decreased 61.7% year on year, missing analyst estimates by 0.14% and Lam Research reported revenues up 24.8% year on year, exceeding estimates by 3.82%. Kulicke and Soffa traded up 1.19% on the results, Lam Research was down 3.56%. Read our full analysis of Kulicke and Soffa's results here and Lam Research's results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 13.1% over the last month. Amtech is up 33.2% during the same time, and is heading into the earnings with analyst price target of $14, compared to share price of $11.21.

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.