ASYS News & Events

Reports Q1 revenue $19M vs $24.4M last year. "Equipment demand for AI infrastructure was strong in the quarter and accounted for 35% of our Thermal Processing Solutions (TPS) segment revenue, up from 30% in the prior quarter," commented Mr. Bob Daigle, Chief Executive Officer of Amtech. "Our book-to-bill ratio was 1.1 in the quarter, driven by AI applications with some deliveries stretching into Q3 to align with customer factory buildouts. We expect strength in demand for equipment powering AI applications to result in increased bookings on a sequential quarterly basis through the end of fiscal 2026."

With the benefit of previously implemented structural and operational cost reductions, Amtech expects to deliver solid operating leverage, resulting in adjusted EBITDA margin in the high single digits.

Universal Electronics (UEIC) announced that it has appointed Wade Jenke as CFO, effective immediately. Jenke will report to Richard Carnifax, UEI's COO and interim CEO. Sui Man Ho, the company's interim CFO, will continue to serve as the company's senior VP of finance. As CFO, Jenke will be responsible for UEI's financial, accounting, treasury, and investor relations functions, and will implement financial strategies. Most recently, Jenke served as the CFO of Amtech Systems (ASYS).

The FOMC delivered its third rate cut of the year as widely expected, taking its fed funds rate target to 3.50%-3.75%, but while the No-Cut camp gained another dissenter, the "hawkish cut" nervousness heading into the announcement largely did not come to pass.  The Fed maintained its dot-plot projections anticipating one more rate cut in 2026, though Fed Chair Powell's press conference also gave plenty of attention to the labor market headwinds while noting that inflation pressures would be well-contained in the absence of tariffs.  Equity markets rallied, with S&P 500 briefly topping 6,900 while Treasuries were bought across the curve - particularly on the short end - sending the 2-10 maturity spread to its highest level since September.  Fed Funds futures still give preference to two rate cuts in 2026 but with an even higher probability than going into today's meeting.  US Dollar also weakened as yields fell while precious metals gained in the wake of today's Fed decision.In the opening hour of the evening session, stock futures are consolidating gains.  S&P e-minis are off by 0.1% and Nasdaq Composite is down 0.3%.  Weakness in Oracle shares after the company's Q2 earnings beat was accompanied by in-line guidance and a call for higher spending is weighing on sentiment in the Tech space, particularly Infrastructure Software - Oracle is down over 10%, Nvidia is off by 1.3%, and CoreWeave is off by 3% afterhours.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Planet Labs PBCup 13.6%Amtech Systemsup 10.3%Nordsonup 7.5%Exzeo Groupup 5.4%Synopsysup 2.7%Vail Resortsup 0.4%ALSO HIGHER -4Gemini Space Stationup 18.3% after getting designated contract market license from CTFCDOWN AFTER EARNINGS -Skillsoftdown 16.8%Oracledown 10.8%; Nvidiadown 1.4%, CoreWeavedown 3.2% in sympathyAdobedown 0.7%ALSO LOWER -Ur-Energydown 11.8% after convertible debt offeringT1 Energydown 10.6% after equity, convertible debt offering