Amtech Systems announced that CEO Robert C. Daigle will retire as Chief Executive Officer on August 13, 2026, while remaining on the Board as Executive Chairman. The company appointed current President and COO Guy Shechter as the new CEO effective the same date. Daigle’s transition agreement includes a $300,000 annual base salary and a grant of 50,000 RSUs vesting over two years. Shechter received a grant of 25,000 RSUs vesting ratably over three years. The leadership change is not due to any disagreement regarding operations or policies. Amtech Systems operates in the semiconductor equipment industry, providing manufacturing solutions for advanced packaging and display technologies.

Amtech Systems reported fiscal third quarter results ending June 30, 2026, with net revenue of $22.4 million, a 14.5% increase year-over-year, driven by strong demand in its Thermal Processing Solutions segment. The company achieved GAAP net income of $1.7 million and non-GAAP net income of $2.4 million, while cash balances rose to $83.1 million following the receipt of $56.5 million in net proceeds from a public equity offering completed in June 2026. Customer orders increased to $28.8 million against a backlog of $28.7 million at quarter-end. The company provided fourth-quarter revenue guidance between $22.5 million and $24.0 million, anticipating continued strength in AI-related equipment demand. Amtech Systems manufactures equipment and consumables for AI semiconductor device packaging and advanced substrate fabrication.