Aehr Test Systems
NASDAQ:AEHR
Aehr Test Systems
Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. The company is headquartered in Fremont, California and currently employs 79 full-time employees. The firm manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures and related accessories. The Company’s principal products are the Advanced Burn-In and Test System (ABTS), the FOX full wafer contact parallel test and burn-in systems, the MAX burn-in system, the WaferPak full wafer contactor, the DiePak carrier and test fixtures. The company develops, manufactures and sell systems, which are designed to perform reliability screening and stress testing, burn-in or cycling, of homogeneous and heterogenous logic and memory integrated circuits (ICs) sensors and optical devices. These systems can be used to simultaneously perform parallel testing and burn-in of packaged ICs, singulated bare die or ICs still in wafer form.
Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. The company is headquartered in Fremont, California and currently employs 79 full-time employees. The firm manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures and related accessories. The Company’s principal products are the Advanced Burn-In and Test System (ABTS), the FOX full wafer contact parallel test and burn-in systems, the MAX burn-in system, the WaferPak full wafer contactor, the DiePak carrier and test fixtures. The company develops, manufactures and sell systems, which are designed to perform reliability screening and stress testing, burn-in or cycling, of homogeneous and heterogenous logic and memory integrated circuits (ICs) sensors and optical devices. These systems can be used to simultaneously perform parallel testing and burn-in of packaged ICs, singulated bare die or ICs still in wafer form.
Soft Quarter: Aehr reported Q2 revenue of $9.9 million, down 27% from last year, mainly due to lower WaferPak shipments.
Bookings Outlook: Management expects strong bookings of $60–80 million in the second half of fiscal 2026, mostly from AI processor customers.
Guidance Reinstated: Company reinstated guidance, forecasting revenue of $25–30 million for the second half of fiscal 2026.
AI Demand: Orders and forecasts for both wafer-level and packaged-part burn-in systems for AI processors are accelerating, with multiple large customers planning production ramps.
Product Expansion: Significant progress in wafer-level burn-in, packaged-part burn-in, and new high-power Sonoma systems, especially for AI and high-bandwidth memory applications.
Margin Pressure: Gross margin dropped to 29.8% from 45.3% last year, impacted by lower sales and a less favorable mix.
Cash Position: Cash ended at $31 million, up from Q1 due to ATM equity proceeds.
Future Growth: Management is optimistic about fiscal 2027, expecting significant revenue growth driven by AI and diversification beyond silicon carbide.
