Amtech Systems, Inc. provided an update to its financial guidance for the second fiscal quarter ended March 31, 2025, revising its expectations downwards. The company now anticipates Q2 revenues in the range of $15 million to $16 million, a significant reduction from its original guidance of $21 million to $23 million.
Adjusted EBITDA for the second quarter is now projected to be nominally negative, a change from the previously expected nominally positive outlook. This revision is primarily attributed to a $4.9 million shipment delay in the Thermal Processing Solutions segment due to a customer dispute, alongside weaker demand in the mature node semiconductor industry, including silicon carbide.
Furthermore, Amtech announced that it anticipates recording a material impairment charge related to goodwill, intangible, and inventory assets in Q2 FY25. This charge is a result of the prolonged downturn in the mature node semiconductor industry. Despite these challenges, orders for advanced packaging reflow equipment during Q2 FY25 surpassed total shipments for the entire fiscal year 2024, indicating strong demand in AI-related applications.
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