Aehr Test Q1 revenue surges, raises outlook

AEHR Test Systems

02/11/2026 21:21

Overview
US semiconductor test equipment maker's fiscal Q1 revenue rose yr/yr
Non-GAAP net income for fiscal Q1 surged from prior year
Company raised fiscal 2027 revenue outlook to $150 mln on strong demand and backlog

Outlook
Aehr raises fiscal 2027 revenue outlook to $150 mln from prior $130 mln-$150 mln range
Company expects non-GAAP net income of at least 20% of revenue for fiscal 2027

Result Drivers
AI DEMAND - Co said accelerating demand for AI semiconductor test and burn-in solutions drove record Q1 revenue and bookings
CUSTOMER EXPANSION - Lead AI processor customer continued to expand capacity, supported by a $22 mln follow-on order announced in August 2026
DIVERSIFYING CUSTOMER BASE - Co said it now sees significant production order potential across more than a dozen customers, up from a handful previously

Company press release: ID:nACSpXqNba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
 
$7.18 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."
Wall Street's median 12-month price target for Aehr Test Systems is $120.00, about 118.6% above its October 30 closing price of $54.89
The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 94 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)