Amtech Systems (NASDAQ:ASYS) Q2 2026 Earnings Call

0:00 Clarity or the overall business to have sort of a smoother trajectory given the size and scale that you're gathering over the next couple of quarters? Yes. Did ship that particular equipment during the quarter. And I'd say the visibility, I wouldn't say is great, but it is getting better because there's a lot more activity in terms of new facilities being put in. And so we are seeing more bookings with deliveries out a quarter and a couple of cases actually a couple of quarters now, which is very unusual for our business because as I mentioned before, we have very short lead times. We've got a very efficient supply chain, turn equipment around very quickly.

0:53 So we've typically been a book and ship even in this large scale capital equipment space. But having said that, because people are actually building new facilities now and don't necessarily need all the equipment immediately, we're seeing better visibility, which I think will translate back to, I think a good point is that it should start to smooth things out a bit, frankly, as we get better visibility and bookings that aren't just current quarter, but out of ways. That definitely makes sense. The next question is one that I get asked fairly often, right? It's more of a big picture question, Bob.

1:39 So can you talk a little bit about Amtech's moat in advanced packaging and AI? What's allowed you to dominate this space? There are others that would like to do business in here, but you've maintained a really strong reputation on technology. It's allowed you to have those long term customer relationships, and supplier relationships too. What's different about what you're doing, that gives you this moat? Yes, because yes, generally we win when it's a demanding application and there's actually three components that usually come into play. I'd say in advanced packaging that TruFlat technology and it's unfortunately, we don't have graphics in front of you, but these are large conveyorized piece of equipment, let's say almost half the length of a tractor trailer bed that are doing the reflow operations for these packages.

2:42 And you're raising things at very high temperatures. Most materials, most substrates, and I think George earlier was alluding to this tend to bow and twist and deform as you're heating them up. And we have technology which allows us to it actually pulls a vacuum, it holds the substrates down flat against the belt. So things don't basically shift during the assembly process. And what's that mean? That means high yield. So in applications where you're trying to process something that's very expensive, you need you're not going to sacrifice yield. You've got to have equipment that's going to be robust. The other thing I'd say is temperature uniformity. I think we have a significant advantage in terms of being able to provide uniformity across our reflow, across the belt within zones.

3:39 Our latest equipment actually has reconfigurable zones that can be customized by customers. So we've provided capabilities that really are enabling for high yield, high throughput, processing of these things. And I'd say the last thing, I think I've mentioned before, like our AccuScrub technology, for example, where we can remove the contaminants from the processing fluxes out of the gas streams so that it reduces downtime in the ovens and reduces the risk of contaminating the product. So we've got a bunch, I mean, it's not just one, I guess that's the tough part, Craig. So it's not one thing. We've got a portfolio of capabilities and IP around, some of these capabilities that put us in a position where if you're trying to do you're trying to process an AI package, an AI enterprise board, it's expensive, we're worth it, I guess I'd say, which is why we've captured the strong position, market position that we have today and enjoy today.

4:48 That definitely makes sense. Well, on the strong quarter and the strong long term positioning there. So we'll hop back in the queue. All right. Thank you, Craig. And this concludes today's question and answer session. I would now like to turn the conference back over to management for any closing remarks. All right. Thank you, operator. In closing, I want to thank everybody for joining our earnings call today. We look forward to seeing some of you later this month at the B. Riley Annual Investor Conference and then in June at the Planet Microcap Conference. We hope you can join us at either of these events.

5:34 And thanks again for your continued support of Amtech Systems and have a good evening. The conference has now concluded. Thank you for attending today's presentation, and you may now disconnect.