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Aehr Test Systems
NASDAQ:AEHR

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Aehr Test Systems
NASDAQ:AEHR
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Price: 63.16 USD 25.69% Market Closed
Market Cap: $1.9B

Aehr Test Systems
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Apr 7, 2026
AI Summary
Q3 2026

Bookings surge: Aehr said third-quarter bookings jumped to $37.2 million, with effective backlog reaching a record $50.9 million after additional orders in the first five weeks of Q4.

AI demand: Management said demand is accelerating across AI and data center applications, with especially strong interest in wafer-level and package-level burn-in for high-power processors.

New wins: The company highlighted a $14 million follow-on order from its lead AI processor customer, plus a major new silicon photonics customer and a new Sonoma customer for AI processor qualification.

Revenue softness: Q3 revenue was $10.3 million, down 44% year over year and slightly below consensus, mainly because of lower wafer-level shipments and WaferPak sales.

Outlook improved: Full-year fiscal 2026 revenue is now expected to land on the high side of the $45 million to $50 million range, and management expects to return to non-GAAP profitability in Q4.

Capacity expansion: Aehr said it will begin shipping Sonoma systems from a contract manufacturer, adding more than 20 systems per month of capacity to support growth.

Longer-term growth: Management repeatedly pointed to opportunities in AI, silicon photonics, silicon carbide, GaN, and memory, and said fiscal 2027 should see significant growth if current opportunities convert.

Key Financials
Bookings
$37.2 million
Backlog
$38.7 million
Revenue
$10.3 million
Gross margin
36.5%
Operating expenses
$6.3 million
Net loss per share
-$0.05
Cash, cash equivalents and restricted cash
$37.1 million
Operating cash usage
$3.7 million
ATM gross proceeds raised in Q3
$10.5 million
ATM gross proceeds raised since Q3
$19.5 million
ATM gross proceeds raised in Q2
$9.9 million
Shares sold through ATM
over 1.13 million shares
Average ATM sale price
$35.38
Contactor revenues
$3.0 million
Other Earnings Calls

Management

Mr. Rhea J. Posedel
Founder & Independent Chairman
No Bio Available
Mr. Gayn Erickson
President, CEO & Director
No Bio Available
Mr. Chris P. Siu
CFO, Executive VP of Finance & Secretary
No Bio Available
Mr. Vernon Rogers
Executive Vice President of Sales & Marketing
No Bio Available
Mr. Adil Engineer
Chief Operating Officer
No Bio Available
Mr. Donald P. Richmond II
Chief Technology Officer
No Bio Available
Dr. Avijit K. Ray-Chaudhuri
Executive Vice President of R&D
No Bio Available
Alberto Salamone
EVP, ppbi Business
No Bio Available

Contacts

Address
CALIFORNIA
Fremont
400 Kato Ter
Contacts
+15106239400.0
www.aehr.com
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