Amtech’s record solar sales continue in fiscal fourth quarter

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The first quarter of fiscal 2018 is expected to be positively impacted by the solar business due to the shipment of all Phase 2 equipment of the large multi-phase turnkey order, according to the company. Image: Amtech Systems

Specialist PV manufacturing equipment supplier Amtech Systems continues to benefit from major solar order conversion to revenue in its fiscal fourth quarter of 2017. 

Amtech reported fiscal fourth quarter 2017 revenue in its solar segment of US$30.1 million, up from US$29 million in the previous quarter and almost double solar segment revenue of US$16.6 million in the second quarter of fiscal 2017. 

The solar segment results are the highest seen by Amtech. 

Amtech’s solar segment order backlog stood at US$81.4 million, down from US$98.2 million in the previous quarter as the company ships orders and new order intake declined to US$9.6 million in the reporting quarter. 

The solar segment results are the highest seen by Amtech.

Backlog includes deferred revenue and customer orders that are expected to ship within the next 12 months. 

Fokko Pentinga, Chief Executive Officer of Amtech, commented, “We are pleased to report that shipment of Phase I of the [solar] turnkey order and strong shipments of semiconductor products led to strong financial results in the fourth quarter and fiscal year 2017.”

Management noted in its earnings call that the large 1GW turnkey order won in China was on track having shipped both production lines of the Phase 1 capacity expansion, which shipped in fiscal 2017 and tool install was under way. The first line of Phase 2 had also been recently shipped while the second line of Phase 2 was expected to be shipped by the end of calendar 2017. Both initial phases account for around 500MW.

The first quarter of fiscal 2018 is expected to be positively impacted by the solar business due to the shipment of all Phase 2 equipment of the large multi-phase turnkey order, according to the company. 

However, Amtech noted that it was expecting a softer fiscal second quarter in 2018, until it was clearer on the timing of the next phase of the turnkey order, although management were expecting revenue recognition inline with expectations in the fiscal second half to be in line with the first half of the fiscal year. 

Guidance

Amtech guided fiscal total fiscal first quarter 2018 revenue to be in the range of US$60 to $70 million, up from the fiscal fourth quarter 2017 revenue of US$54.7 million. 

Read Next

PV Tech Premium
April 12, 2021
Mark Osborne details how Solar Module Super League (SMSL) major JinkoSolar is transforming its manufacturing base, moving from an asset-lite model to one more vertically integrated.
April 8, 2021
US-based high-efficiency n-type monocrystalline Interdigitated Back Contact (IBC) PV manufacturing start-up Violet Power has insisted its plans to develop manufacturing capacity in the US remain on track despite the collapse of its strategic alliance with REC Silicon.
March 12, 2021
LONGi Solar is planning to build a new 5GW high-efficiency monocrystalline solar cell plant in Yinchuan, China.
March 3, 2021
Major polysilicon and solar cell producer Tongwei Group has begun ramping the final cell lines at its 15GW Meishen production hub in Sichuan Province, with the facility now the largest single site for solar production in the world.
February 9, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has extended its supply chain cooperation with major polysilicon and merchant solar cell manufacturer Tongwei Group, with Tongwei gaining extra gigawatts of mono wafers from JinkoSolar.
February 4, 2021
Fraunhofer ISE spin-off NexWafe has raised €10 million in a new Series B round of funding as the company moves to another pilot production phase.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021