Aehr Test Systems Q3 revenue misses estimates

AEHR Test Systems

07/04/2026 21:15

Overview

US semiconductor test solutions provider's fiscal Q3 revenue fell and missed analyst expectations

Adjusted net loss for fiscal Q3 was smaller than consensus estimates

Company reported strong bookings and high book-to-bill ratio

Outlook

Aehr expects fiscal 2026 revenue at the high end of $45 mln to $50 mln range

Company reiterates H2 fiscal 2026 revenue guidance of $25 mln to $30 mln

Aehr expects H2 fiscal 2026 bookings at high end of $60 mln to $80 mln range

Result Drivers

STRONG BOOKINGS - Co reported $37.2 mln in bookings and a book-to-bill ratio over 3.5x, citing robust demand across wafer-level and package-level burn-in applications

AI PROCESSOR DEMAND - Increased orders and customer engagement for WLBI and PLBI systems for AI processors, especially for data center applications

Company press release: ID:nACSph98ma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$10.3 mln
$10.85 mln (4 Analysts)
Q3 Adjusted Net Income
Beat
-$1.5 mln
-$2.10 mln (4 Analysts)
Q3 Net Income
-$3.2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Aehr Test Systems is $38.00, about 27.1% below its April 6 closing price of $52.16

The stock recently traded at 707 times the next 12-month earnings vs. a P/E of 135 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)