| Metric | Value ($ M) | Q3 FY24 |
|---|---|---|
| Revenue | 10.97 | 16.4% |
| Total Income | 10.97 | 16.4% |
| Expenditure | 15.04 | 16.1% |
| PBT | -2.84 | 450.6% |
| Net Profit | -2.08 | 415.1% |
| OPM | -37.07% | 38.28pp |
| NPM | -19.00% | 24.03pp |
| EPS | -0.07 | 450.0% |
Aehr Test Systems Reports Q1 FY26 Revenue $11.0 Million
04 May 2026 · 4 May, 9:04 am
Summary
Aehr Test Systems announced its financial results for the first quarter of fiscal year 2026, reporting net revenue of $11.0 million compared to $13.1 million in the same quarter of the previous year. The company experienced a GAAP net loss of $(2.1) million, contrasting with a net income of $0.7 million in the prior year's quarter. Bookings for the quarter amounted to $11.4 million, and the backlog as of August 29, 2025, stood at $15.5 million. The company's cash, cash equivalents, and restricted cash totaled $24.7 million.
Key Highlights
- 1
Aehr Test Systems reported net revenue of $11.0 million for the first quarter of fiscal 2026, compared to $13.1 million in the first quarter of fiscal 2025.
- 2
The company's GAAP net loss was $(2.1) million, or $(0.07) per diluted share, compared to GAAP net income of $0.7 million, or $0.02 per diluted share, in the first quarter of fiscal 2025.
- 3
Non-GAAP net income was $0.2 million, or $0.01 per diluted share, compared to non-GAAP net income of $2.2 million, or $0.07 per diluted share, in the first quarter of fiscal 2025.
- 4
Bookings for the quarter were $11.4 million.
- 5
Backlog as of August 29, 2025, was $15.5 million, with an effective backlog of $17.5 million including bookings since August 29, 2025.
- 6
Total cash, cash equivalents, and restricted cash as of August 29, 2025, was $24.7 million, compared to $26.5 million at May 30, 2025.
Management Comments
Gayn Erickson
We are pleased with the start to this fiscal year, with revenues across several market segments and momentum in sales and customer engagements in both wafer level and packaged part test and burn-in of artificial intelligence (AI) processors. While we had not provided guidance for the quarter, we did finish ahead of the street consensus estimates for both revenue and our bottom line. “Momentum in packaged part qualification and production burn-in for AI processors continued to drive growth in our new Sonoma ultra-high-power packaged part burn-in systems and consumables. During the quarter, our lead production customer, a world-leading hyperscaler, placed multiple follow-on volume production orders for Sonoma systems and requested shorter lead times to support higher-than-expected volumes as they ramp up development of their own advanced AI processors. This customer has already outlined plans to expand capacity for this device and introduce new AI processors over the coming year to be tested and burned in on our Sonoma platform at one of the world’s leading test houses. We are also collaborating with them on future generations of processors to ensure we can meet their long-term production needs for both package and even wafer level burn-in.
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