AEHR jumps after reporting record quarterly revenue

By Reuters News

** Semiconductor test equipment maker AEHR Test Systems' 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

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