Aehr Test Q1 revenue surges, raises outlook

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:

Key Details

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

Reuters Recommended Reads

• Nov 2 - Deutsche Bank upgrades US tech, says selloff has gone too far

• Nov 2 - Diamondback Energy beats third-quarter profit estimates

• Nov 2 - Pennsylvania measles cases rise to 1,433, state health department says

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.)