The technology manufacturing firm reported quarterly net income of $100,000, or 1 cent per share, down from $300,000 in the prior-year period. Revenue for the quarter ending Dec. 31 fell to $19 million, a significant drop from the $24.4 million reported a year ago. Following the announcement, Amtech’s stock tumbled 30% to $11.07 in afternoon trading, bringing its year-to-date decline to 12%.

AI Infrastructure as a Growth Catalyst

Despite the top-line contraction, the company highlighted a strategic shift toward high-growth sectors. Equipment demand for artificial intelligence infrastructure accounted for 35% of revenue within its Thermal Processing Solutions segment, up from 30% in the previous quarter. Management expects this momentum to persist, forecasting a sequential increase in bookings through the end of fiscal 2026 as chipmakers scale up AI capabilities.

Amtech reported several key metrics regarding its current operational health:

• Total customer orders reached $20.7 million during the first quarter.
• The company concluded the period with a $21.6 million backlog.
• Adjusted earnings, which exclude specific non-recurring items, stood at 3 cents per share.