Amtech Systems, Inc. (ASYS) is a Industrials stock trading at $14.37 (as of 2026-09-03), with a market capitalization of $251.59M and a trailing P/E of 62.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates in Semiconductor and Material and Substrate segments. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment, including solder reflow ovens, diffusion furnaces, and customer high-temp belt furnaces for use by semiconductor manufacturers, as well as in electronics, automotive and other industries; and wafer polishing equipment and related services. Its products include horizontal diffusion furnaces; and belt furnaces. The Material and Substrate segment manufactures and sells consumables and machinery for lapping and polishing of materials, such as silicon wafers for semiconductor products; sapphire substrates for LED lighting and mobile devices; silicon carbide wafers for LED and power device applications; various glass and silica components for 3D image transmission; quartz and ceramic components for telecommunications devices; and medical device components, and optical and photonics applications. This segment also offers substrate process chemicals for use in various manufacturing processes, including semiconductors, silicon and compound semiconductor wafers, and optics. The company sells its products through sales personnel, as well as a network of independent sales representatives and distributors. The company was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. Amtech Systems, Inc. was incorporated in 1981 and is headquartered in Tempe, Arizona.
Amtech manufactures thermal-processing equipment (furnaces, ovens) and specialty chemicals for semiconductor and LED fabs, earning revenue from equipment sales, consumables, and service contracts. The business is lumpy and tied to customer capital-spending cycles, so quarterly results swing sharply with the semi capex outlook.
Profit comes from selling a furnace once at ~50% gross margin, then collecting on consumables and service contracts, but heavy R&D needed to chase next-gen packaging and SiC nodes compresses that down to roughly 10% operating margin.
| Thermal Processing Solutions | $0.0B |
| Semiconductor Fabrication Solutions | $0.0B |
Business quality (Weak): Weak: cyclical capital-equipment sales, a 59.9x P/E that sits 85% above the Machinery industry average, and management itself flags an investment year through 2026 before the next product wave lands.
Valuation: At 60× earnings, ASYS trades 85% above the Machinery average (32×).
| Price | $14.37 |
| Market Cap | $251.59M |
| P/E Ratio | 62.9 |
| EV / EBITDA | 18.0 |
| Price / Book | 2.18 |
| Price / Sales | 3.08 |
| FCF Yield | 2.8% |
| DCF Value (model) | $0.61 |
| DCF Upside vs Price | -95.8% |
| Revenue (TTM) | $79.36M |
| Net Margin | -38.2% |
| Revenue Growth (YoY) | 14.5% |
| EPS Growth (YoY) | 1000.0% |
| FCF Growth (YoY) | 36.9% |
| Altman Z-Score | 2.35 (grey) |
| Piotroski F-Score | 3/9 (weak) |
| Stock P/E | 62.9 |
| Sector P/E (Industrials) | 25.5 |
| Industry P/E (Machinery) | 32.0 |
| vs Sector | 146.7% |
| vs Industry | 96.7% |
| Top Institutional Holder | First Eagle Investment Management, LLC ($9.72M) |
| Institutional Holders Tracked | 10 |
| Sector | Industrials |
| Industry | Machinery |
| CEO | Robert C. Daigle |
| Employees | 328 |
| Country | US |
| IPO Date | 1983-08-09 |
Data as of 2026-09-03.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.