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Aehr Test Systems - AEHR STOCK NEWS

Welcome to our dedicated news page for Aehr Test Systems (Ticker: AEHR), a resource for investors and traders seeking the latest updates and insights on Aehr Test Systems.

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Rhea-AI Summary
Aehr Test Systems (AEHR) announces preliminary financial results for Q3 fiscal 2024, highlighting delays in wafer level burn-in system orders for semiconductor devices used in electric vehicles impacting revenue and profitability. The company provides updated revenue guidance for the full fiscal year, expecting total revenue of at least $65 million. President and CEO Gayn Erickson discusses the factors contributing to the revenue impact and forecasts a temporary slowdown in orders due to softness in the semiconductor market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.44%
Tags
earnings
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Rhea-AI Summary
Aehr Test Systems (AEHR) announced shipping the first order to a major silicon photonics customer for a new high-power configuration of the FOX-XP system. This system enables cost-effective volume production testing of next-gen photonic ICs for the optical I/O market. Gayn Erickson, President and CEO, highlighted the system's compatibility with previous versions, showcasing the company's commitment to innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.54%
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none
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Rhea-AI Summary
Aehr Test Systems (AEHR) secures $23 million in new follow-on orders for its FOX wafer level test and burn-in products. The orders include FOX WaferPak Contactors for current and new device designs, driving additional orders in 2024. The company's unique WaferPak designs cater to specific customer applications, aiding in wafer level stress tests, screening, and burn-in processes. Aehr Test Systems' CEO, Gayn Erickson, highlights the company's industry-leading lead times and capacity to meet customer demands, projecting growth in WaferPak business revenue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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none
Rhea-AI Summary
Aehr Test Systems (AEHR) revises full-year fiscal 2024 revenue guidance to be between $75 million and $85 million, and GAAP net income of between 20% and 25% of revenue. In the second quarter of fiscal 2024, net revenue was $21.4 million, up 45% from the same period in fiscal 2023. GAAP net income was $6.1 million, up 63% year-over-year. Non-GAAP net income was $6.7 million, representing a 49% increase. The company's bookings were $2.2 million for the quarter, and backlog as of November 30, 2023, was $3.0 million. Total cash and cash equivalents were $50.5 million. For the first six months of fiscal 2024, net revenue was $42.1 million, up 65% from the same period in fiscal 2023. GAAP net income was $10.8 million, up 149% year-over-year, and non-GAAP net income was $11.9 million, up 105%. Cash provided by operations was $3.4 million. Aehr Test Systems' President and CEO, Gayn Erickson, commented on the impact of the slowing growth rate of the electric vehicle market on customer orders and the company's decision to reduce revenue expectations for fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.82%
Tags
earnings
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Rhea-AI Summary
Aehr Test Systems (AEHR) to Participate in 26th Annual Needham Growth Conference, President and CEO to Discuss Semiconductor Production Solutions with Investors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
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conferences
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Rhea-AI Summary
Aehr Test Systems (NASDAQ:AEHR) to Report Q2 Fiscal 2024 Financial Results on January 9, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.96%
Tags
earnings
Rhea-AI Summary
Aehr Test Systems (NASDAQ:AEHR) has received an initial customer order for a FOX-NP wafer level test and burn-in system and a FOX WaferPak Aligner for gallium nitride (GaN) power devices. The customer is a leading global supplier of semiconductor devices used in electric vehicles and power infrastructure. Aehr's technology provides geolocation information across the wafer and induces early life failures to ensure long-term reliability. The FOX-NP system is 100% compatible with the Aehr FOX-XP system and can support all test modes needed for both gallium nitride and silicon carbide device testing and burn-in, including high-voltage testing of up to 2,000 volts without electrical arcing. Gallium nitride and silicon carbide devices are considered wide bandgap devices with higher efficiencies in power conversion than silicon, making them suitable for various applications, including automotive power converters and photovoltaic (solar panel) applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.24%
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none
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Rhea-AI Summary
Aehr Test Systems (NASDAQ:AEHR) President and CEO Gayn Erickson to Participate in 12th Annual NYC Summit Investor Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
conferences
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Rhea-AI Summary
Aehr Test Systems (NASDAQ:AEHR) announced its participation in the Craig-Hallum 14th Annual Alpha Select Conference on November 16, 2023, where President and CEO Gayn Erickson and CFO Chris Siu will be discussing the company's semiconductor production test and burn-in solutions. Aehr Test provides production solutions for improving quality, reliability, and yield of semiconductors such as silicon carbide devices used in electric vehicles and charging infrastructure, silicon photonics devices used in data centers and 5G infrastructure, and new applications such as optical input/output (I/O) and co-packaged optics devices. The adoption of wafer level test and burn-in of devices is a significant growth driver for Aehr Test.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.6%
Tags
earnings
Aehr Test Systems

Nasdaq:AEHR

AEHR Rankings

AEHR Stock Data

359.46M
27.27M
5.86%
73.57%
20.67%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Fremont

About AEHR

headquartered in fremont, california, aehr test systems is a worldwide supplier of systems for burning-in and testing memory and logic integrated circuits and has an installed base of more than 2,500 systems worldwide. aehr test has developed and introduced several innovative products, including the abts, foxtm and max systems and the diepak® carrier. the abts system is aehr test’s newest system for packaged part test during burn-in for both low-power and high-power logic as well as all common types of memory devices. the fox system is a full wafer contact test and burn-in system. the max system can effectively burn-in and functionally test complex devices, such as digital signal processors, microprocessors, microcontrollers and systems-on-a-chip. the diepak carrier is a reusable, temporary package that enables ic manufacturers to perform cost-effective final test and burn-in of bare die.