---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020516"
form_type: "8-K"
ticker: "ASYS"
cik: "0000720500"
company_name: "AMTECH SYSTEMS INC"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:25:53.249045+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Amtech Q2 FY2023 revenue $33.3M (+21% YoY), GAAP EPS $0.23, non-GAAP EPS $0.19

## Summary
- Net revenue $33.3M, up 21% YoY and 55% sequential; GAAP net income $3.2M ($0.23 diluted EPS).
- Non-GAAP operating income $3.2M vs $(0.7)M prior quarter; non-GAAP net income $2.7M ($0.19 EPS).
- SiC products now ~40% of Material & Substrate segment sales; EV belt furnaces drive demand.
- Customer orders $34.3M; backlog $65.8M includes $8.2M from Entrepix acquisition.
- One-time tax benefit of $3.2M from release of valuation allowance on Entrepix deferred tax liability.

## SEC filing metadata
- accession: 0000950170-23-020516
- form_type: 8-K
- ticker: ASYS
- cik: 0000720500
- company_name: AMTECH SYSTEMS INC
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720500/000095017023020516/0000950170-23-020516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720500/000095017023020516/asys-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020516
- JSON: https://secwatch.observer/filing/0000950170-23-020516.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020516.txt

## Key facts
- Earnings Releases
  AMTECH SYSTEMS INC reported financial results for second quarter ended March 31, 2023.
  - Period: second quarter ended March 31, 2023
  - Result: reported results
  source text: On May 10, 2023, Amtech Systems, Inc. (the "Registrant" or the "Company") announced by press release its results of operations for the second quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720500/000095017023020516/0000950170-23-020516-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.