Brief: Aehr Test Systems Q1 Sales USD 10.969 Million

AEHR Test Systems

06/10/2025 21:05

Overview

Aehr fiscal Q1 revenue declines to $11.0 mln but beats analyst expectations

Adjusted net income for fiscal Q1 beats estimates, driven by AI processor demand

Adjusted income from operations missed analyst expectations, per LSEG data

Shares fell about 6% after the bell following quarterly report

Outlook

Company expects broad-based growth across AI and other markets

Aehr anticipates silicon carbide growth strengthening into fiscal 2027

Company remains cautious due to ongoing tariff-related uncertainty

Result Drivers

AI PROCESSOR DEMAND - Strong demand for AI processors drove growth in Sonoma ultra-high-power packaged part burn-in systems

HYPERSCALER ORDERS - Lead production customer, a world-leading hyperscaler, placed multiple follow-on orders for Sonoma systems, requesting shorter lead times

SONOMA ENHANCEMENTS - Enhancements to the Sonoma system, including increased power-per-device and full automation, received positive customer feedback, driving new applications and orders

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$10.97 mln
$10.80 mln (3 Analysts)
Q1 Adjusted Net Income
Beat
$171,000
$41,300 (3 Analysts)
Q1 Net Income
-$2.08 mln
Q1 Adjusted Income from Operations
Miss
-$1.83 mln
-$453,300 (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 $16.50, about 88% below its October 3 closing price of $31.02

The stock recently traded at 184 times the next 12-month earnings vs. a P/E of 68 three months ago

Press Release: ID:nACS37w4fa

(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.)