Welcome to our dedicated page for Aehr Test Sys news (Ticker: AEHR), a resource for investors and traders seeking the latest updates and insights on Aehr Test Sys 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.
Aehr Test Systems (NASDAQ:AEHR) has secured a $25.1 million follow-on order from its primary silicon carbide customer, aimed at increasing production capacity for electric vehicles. The order comprises multiple FOX-XP wafer level test and burn-in systems that will enhance the customer's wafer-level burn-in capacity by over 50%. The systems are scheduled to ship between March 1, 2023, and November 30, 2023. The silicon carbide market is projected to burgeon, with William Blair forecasting growth from 119,000 to over 4.1 million wafers by 2030, signifying significant opportunities for Aehr in this expanding sector.
Aehr Test Systems has announced a follow-on production order from a major silicon carbide semiconductor customer for an additional FOX-XP multi-wafer test and burn-in system, which includes the integrated WaferPak Aligner. This advanced system will enhance testing capabilities for silicon carbide power semiconductors, particularly in the electric vehicle market. Expected to ship in Aehr's fiscal fourth quarter starting March 1, 2023, this order indicates strong market demand, with forecasts predicting a significant increase in silicon carbide wafer production in the coming years.
Aehr Test Systems (NASDAQ:AEHR) reported notable financial results for its fiscal second quarter ending November 30, 2022. Net sales surged 54% to $14.8 million, with GAAP net income rising to $3.7 million, up from $717,000. The company also added two new silicon carbide customers, enhancing its market share in the growing silicon carbide sector, particularly for electric vehicles. Forecasts predict a significant increase in demand for silicon carbide devices, with Aehr maintaining its revenue guidance of $60 million to $70 million for the fiscal year ending May 31, 2023.
Aehr Test Systems (NASDAQ: AEHR) will release its second quarter fiscal 2023 financial results on January 5, 2023. The results will cover the period ending November 30, 2022. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, allowing investors to discuss these results. Participants can join the call by dialing the provided numbers or via the webcast on the investor relations section of Aehr's website.
Aehr Test Systems (NASDAQ: AEHR) has secured an initial production order for its FOX-XP™ multi-wafer test system from a new major silicon carbide semiconductor supplier. The system features advanced test capabilities suitable for electric vehicle applications and other industrial uses. Following a previous order, shipments of the FOX-XP system are slated to start in the fiscal fourth quarter beginning March 1, 2023. The market for silicon carbide devices is projected to grow significantly, with estimates suggesting demand will rise from under 150,000 wafers in 2021 to over four million by 2030.
Aehr Test Systems (NASDAQ: AEHR), based in Fremont, California, will participate in the Craig-Hallum 13th Annual Alpha Select Conference on November 17, 2022. CEO Gayn Erickson and CFO Ken Spink will engage with institutional investors throughout the event. The company aims to highlight its innovations in semiconductor testing and reliability, focusing on silicon carbide for electric vehicles and gallium nitride for consumer electronics. These sectors are projected to be key revenue drivers in the coming fiscal years.
Aehr Test Systems (NASDAQ: AEHR) has secured $4.4 million in orders from its lead customer for multiple WaferPak™ full wafer Contactors, aimed at increasing production capacity for silicon carbide power semiconductors catering to the electric vehicle market. Shipments are expected by the end of Aehr’s fiscal third quarter, concluding February 28, 2023. The company anticipates ongoing demand for FOX systems and WaferPak Contactors, contributing to their positive outlook for business growth in the automotive semiconductor sector.
Aehr Test Systems (NASDAQ: AEHR) announced new purchase orders for its FOX-NP multi-wafer test and burn-in systems from a multibillion-dollar semiconductor manufacturer. The orders include WaferPak Contactors and a FOX WaferPak Aligner for qualifying silicon carbide devices, crucial for electric vehicles. The FOX system is designed for high-temperature testing and is scheduled for shipment in the next six months. Aehr anticipates growth in demand for silicon carbide products due to rising automotive market needs, as 100% burn-in testing is required to ensure reliability.
Aehr Test Systems (NASDAQ: AEHR) reported significant growth in its fiscal Q1 2023 results, with net sales soaring 89% to $10.7 million compared to $5.6 million in Q1 2022. GAAP net income stood at $589,000 ($0.02 per share), down from $696,000 ($0.03 per share) the previous year, impacted by PPP loan forgiveness. Non-GAAP net income rose to $1.3 million ($0.05 per share) from a loss of $414,000. Bookings hit $19.1 million, and backlog grew to $19.5 million. The company is optimistic about the growing demand for silicon carbide in electric vehicles and reaffirms fiscal 2023 revenue guidance of $60 million to $70 million.
Aehr Test Systems (NASDAQ: AEHR) has introduced new enhancements for its FOX-P wafer-level test and burn-in systems, including the FOX Bipolar Voltage Channel Module (BVCM) and Very High Voltage Channel Module (VHVCM). These additions enable advanced testing capabilities for silicon-carbide and gallium-nitride power semiconductors, crucial for electric vehicles and power conversion applications. The BVCM can program up to 40V to -30V across 3,000 die, while the VHVCM supports testing up to 2,000V for individual devices. Initial shipments are set for 12-16 weeks, potentially increasing bookings and revenue for Aehr.