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Reportable Segments
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reportable Segments

10. Reportable Segments

 

In the operation of the business, management, including our Chief Operating Decision Maker (“CODM”), who is also our Chief Executive Officer, reviews certain financial information, including segmented internal profit and loss statements. The primary profitability measure used by the CODM to review segment operating results is net income. The CODM uses net income to allocate resources during our annual planning process and throughout the year, as well as to assess the performance of our segments, primarily by monitoring actual results compared to prior period and expected results.

 

Amtech has two operating segments that are structured around the types of product offerings provided to our customers. In addition, the operating segments may be further distinguished by the Company’s respective brands. These two operating segments comprise our two reportable segments discussed below. Our two reportable segments are as follows:

 

Thermal Processing Solutions – We design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive and other industries.

 

Semiconductor Fabrication Solutions – We produce consumables parts and services, and equipment for producing silicon carbide, silicon and gallium nitride wafers, optical components and a variety of crystalline materials.

 

Information concerning our reportable segments is as follows, in thousands:

 

 

 

Three Months Ended June 30, 2026

 

 

 

Thermal Processing Solutions

 

 

Semiconductor Fabrication Solutions

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

17,745

 

 

$

4,638

 

 

$

22,383

 

Less:

 

 

 

 

 

 

 

 

 

Material

 

 

6,495

 

 

 

1,502

 

 

 

7,997

 

Labor

 

 

943

 

 

 

512

 

 

 

1,455

 

Overhead

 

 

1,301

 

 

 

437

 

 

 

1,738

 

Gross profit

 

 

9,006

 

 

 

2,187

 

 

 

11,193

 

Selling & marketing

 

 

2,179

 

 

 

303

 

 

 

2,482

 

General & administrative

 

 

1,677

 

 

 

1,621

 

 

 

3,298

 

Research & development

 

 

610

 

 

 

245

 

 

 

855

 

Loss on sale of property, plant and equipment

 

 

—

 

 

 

78

 

 

 

78

 

Severance expense

 

 

19

 

 

 

31

 

 

 

50

 

Operating income (loss)

 

 

4,521

 

 

 

(91

)

 

 

4,430

 

Interest income

 

 

23

 

 

 

18

 

 

 

41

 

Interest expense

 

 

(6

)

 

 

4

 

 

 

(2

)

Other segment items (1)

 

 

(741

)

 

 

(1

)

 

 

(742

)

Non-segment items (2)

 

 

—

 

 

 

—

 

 

 

(2,069

)

Net income (loss)

 

$

3,797

 

 

$

(70

)

 

$

1,658

 

 

(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.5 million and $1,000, respectively.

(2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, income tax, interest income and interest expense.

 

 

 

 

Three Months Ended June 30, 2025

 

 

 

Thermal Processing Solutions

 

 

Semiconductor Fabrication Solutions

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

14,208

 

 

$

5,349

 

 

$

19,557

 

Less:

 

 

 

 

 

 

 

 

 

Material

 

 

5,946

 

 

 

1,661

 

 

 

7,607

 

Labor

 

 

551

 

 

 

349

 

 

 

900

 

Overhead

 

 

1,386

 

 

 

532

 

 

 

1,918

 

Gross profit

 

 

6,325

 

 

 

2,807

 

 

 

9,132

 

Selling & marketing

 

 

1,582

 

 

 

129

 

 

 

1,711

 

General & administrative

 

 

1,252

 

 

 

1,615

 

 

 

2,867

 

Research & development

 

 

277

 

 

 

87

 

 

 

364

 

Loss on sale of property, plant and equipment

 

 

19

 

 

 

26

 

 

 

45

 

Severance expense

 

 

288

 

 

 

72

 

 

 

360

 

Operating income

 

 

2,907

 

 

 

878

 

 

 

3,785

 

Interest income

 

 

28

 

 

 

22

 

 

 

50

 

Interest expense

 

 

(6

)

 

 

1

 

 

 

(5

)

Other segment items (1)

 

 

(431

)

 

 

(2

)

 

 

(433

)

Non-segment items (2)

 

 

—

 

 

 

—

 

 

 

(3,291

)

Net income

 

$

2,498

 

 

$

899

 

 

$

106

 

 

(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.3 million and $2,000, respectively.

(2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, severance expenses, income tax, interest income and interest expense.

 

 

 

 

Nine Months Ended June 30, 2026

 

 

 

Thermal Processing Solutions

 

 

Semiconductor Fabrication Solutions

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

46,460

 

 

$

15,364

 

 

$

61,824

 

Less:

 

 

 

 

 

 

 

 

 

Material

 

 

17,441

 

 

 

5,425

 

 

 

22,866

 

Labor

 

 

2,546

 

 

 

1,770

 

 

 

4,316

 

Overhead

 

 

3,745

 

 

 

1,441

 

 

 

5,186

 

Gross profit

 

 

22,728

 

 

 

6,728

 

 

 

29,456

 

Selling & marketing

 

 

5,970

 

 

 

839

 

 

 

6,809

 

General & administrative

 

 

4,217

 

 

 

5,074

 

 

 

9,291

 

Research & development

 

 

1,912

 

 

 

606

 

 

 

2,518

 

Loss on sale of property, plant and equipment

 

 

—

 

 

 

78

 

 

 

78

 

Severance expense

 

 

19

 

 

 

31

 

 

 

50

 

Operating income

 

 

10,610

 

 

 

100

 

 

 

10,710

 

Interest income

 

 

70

 

 

 

50

 

 

 

120

 

Interest expense

 

 

(18

)

 

 

—

 

 

 

(18

)

Other segment items (1)

 

 

(2,218

)

 

 

2

 

 

 

(2,216

)

Non-segment items (2)

 

 

—

 

 

 

—

 

 

 

(5,664

)

Net income

 

$

8,444

 

 

$

152

 

 

$

2,932

 

 

 

(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $1.6 million and $2,000, respectively.

(2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, gain on sale of assets, income tax, interest income and interest expense.

 

 

 

Nine Months Ended June 30, 2025

 

 

 

Thermal Processing Solutions

 

 

Semiconductor Fabrication Solutions

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

43,467

 

 

$

16,055

 

 

$

59,522

 

Less:

 

 

 

 

 

 

 

 

 

Material

 

 

22,127

 

 

 

7,751

 

 

 

29,878

 

Labor

 

 

3,660

 

 

 

2,434

 

 

 

6,094

 

Overhead

 

 

3,675

 

 

 

1,706

 

 

 

5,381

 

Gross profit

 

 

14,005

 

 

 

4,164

 

 

 

18,169

 

Selling & marketing

 

 

5,717

 

 

 

641

 

 

 

6,358

 

General & administrative

 

 

3,660

 

 

 

5,449

 

 

 

9,109

 

Research & development

 

 

1,678

 

 

 

392

 

 

 

2,070

 

Loss on sale of property, plant and equipment

 

 

184

 

 

 

90

 

 

 

274

 

Goodwill impairment

 

 

4,997

 

 

 

15,356

 

 

 

20,353

 

Intangible asset impairment

 

 

—

 

 

 

2,569

 

 

 

2,569

 

Severance expense

 

 

389

 

 

 

224

 

 

 

613

 

Operating loss

 

 

(2,620

)

 

 

(20,557

)

 

 

(23,177

)

Interest income

 

 

38

 

 

 

25

 

 

 

63

 

Interest expense

 

 

(17

)

 

 

(2

)

 

 

(19

)

Other segment items (1)

 

 

(457

)

 

 

(6

)

 

 

(463

)

Non-segment items (2)

 

 

—

 

 

 

—

 

 

 

(7,798

)

Net loss

 

$

(3,056

)

 

$

(20,540

)

 

$

(31,394

)

 

(1) Other segment items consists primarily of expenses related to foreign currency gain or loss and income tax provision. Thermal Processing Solutions and Semiconductor Fabrication Solutions income tax provision was $0.8 million and $10,000, respectively.

(2) Non-segment items consists primarily of expenses related to corporate salaries and professional services expenses, severance expenses, gain on sale of assets, income tax, interest income and interest expense.

 

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Thermal Processing Solutions

 

$

263

 

 

$

258

 

 

$

779

 

 

$

779

 

Semiconductor Fabrication Solutions

 

 

335

 

 

 

313

 

 

 

1,015

 

 

 

1,320

 

Non-segment related*

 

 

22

 

 

 

23

 

 

 

67

 

 

 

68

 

 

 

$

620

 

 

$

594

 

 

$

1,861

 

 

$

2,167

 

 

* Non-segment related to depreciation and amortization expense at corporate.

 

 

 

June 30,
2026

 

 

September 30,
2025

 

Identifiable Assets:

 

 

 

 

 

 

Thermal Processing Solutions

 

$

61,191

 

 

$

56,019

 

Semiconductor Fabrication Solutions

 

 

22,829

 

 

 

26,040

 

Non-segment related*

 

 

72,695

 

 

 

10,814

 

 

$

156,715

 

 

$

92,873

 

 

* Non-segment related assets include cash, fixed assets, and other assets