AEHR jumps after reporting record quarterly revenue

AEHR Test Systems

03/11/2026 15:15

** Semiconductor test equipment maker AEHR Test Systems' AEHR.N shares rise 20.2% to $61.7 
** Reports highest-ever Q1 revenue of $33 mln, triple the revenue in the same quarter a year earlier
** Also reports profit of $7.2 mln vs loss of $2.1 mln in Q1 last year
** Raises FY27 revenue forecast to $150 mln from $130 mln to $150 mln it expected earlier
** CEO Gayn Erickson says backlog is "substantial"
** Jefferies cuts PT to $140 from $175 but reiterates "buy" rating
** Brokerage says FY27 revenue forecast is "conservative"
** Average rating of 6 analysts is "buy," with 3 rating the stock "strong buy"; their median PT is $120 - data compiled by LSEG
** Including session's move, stock has more than tripled YTD

 (Reporting by Anjana J. Nair)
 ((AnjanaJayakrishnan.Nair@thomsonreuters.com))