Welcome to our dedicated page for Aehr Test Systems news (Ticker: AEHR), a resource for investors and traders seeking the latest updates and insights on Aehr Test Systems stock.
Aehr Test Systems provides test and burn-in systems for semiconductor devices used in artificial intelligence, silicon photonics, data center, automotive and industrial applications. Company news commonly covers production orders, customer ramps and bookings for wafer-level burn-in and package-level burn-in applications, including deployments of the FOX, Sonoma and WaferPak product families.
Updates also address quarterly financial results, backlog, capacity investments and demand trends tied to AI processors, custom ASICs, silicon photonics optical interconnects, silicon carbide devices and other high-reliability semiconductor markets. The company operates as a designer, manufacturer and seller of advanced test and burn-in products for semiconductor manufacturers.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Aehr Test Systems (NASDAQ: AEHR) reported strong financial results for Q3 FY2023, with net sales increasing by 13% to $17.2 million compared to $15.3 million in Q3 FY2022. GAAP net income surged by 84% to $4.1 million, or $0.14 per share. Non-GAAP net income also rose, reaching $4.7 million, or $0.16 per share. The company achieved record bookings of $33.3 million and a backlog of $31.6 million. Fiscal year-to-date sales grew by 40% to $42.7 million. The company is optimistic about the silicon carbide market and anticipates bookings to outpace revenue growth as demand increases. Additionally, Aehr raised $7.3 million via its ATM offering, with $17.7 million remaining available.
Aehr Test Systems (NASDAQ: AEHR) has received a significant order from its second major customer in the silicon carbide semiconductor sector for WaferPak™ full wafer Contactors. These products will be used with FOX-XP™ systems to test and burn-in silicon carbide semiconductor wafers. The initial shipments will commence in the current fiscal fourth quarter, starting March 1, 2023. The customer also plans to scale up operations significantly, leading to potential growth in Aehr's capacity. Market forecasts predict a substantial increase in silicon carbide wafer demand, particularly for electric vehicles, with a CAGR of 48.4% projected through 2030.
Aehr Test Systems (NASDAQ: AEHR) will announce its financial results for the third quarter of fiscal 2023, ending February 28, 2023, on March 30, 2023, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Investors can join by dialing +1 877-270-2148 (US) or +1 412-902-6510 (International) or accessing the live webcast through the company's investor relations page. Aehr specializes in semiconductor test and reliability equipment, serving markets driven by increased quality demands in automotive and mobility sectors, with over 2,500 systems installed globally.
Aehr Test Systems (NASDAQ: AEHR) announced a $6.7 million order from a major silicon carbide customer to supply WaferPak™ full wafer Contactors. This order supports increased production capacity for silicon carbide power semiconductors tailored for the electric vehicle market. The products are expected for delivery starting in the current fiscal quarter through August 31, 2023. CEO Gayn Erickson stated that the rising demand for silicon carbide MOSFETs indicates robust market momentum. Aehr is expanding its inventory and manufacturing capabilities in anticipation of long-term growth in semiconductor testing and burn-in applications.