Aehr Test Sys Stock Price, News & Analysis

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.

Aehr Test Systems (NASDAQ: AEHR) announced it has minimal exposure to the closure of Silicon Valley Bank (SVB). As of now, the company holds less than $2.5 million at SVB, representing under 6% of its total cash and short-term assets of $41.8 million. Aehr has significant liquidity with over $39.3 million in another financial institution, including more than $9.7 million in cash and $29.6 million in US Treasury Bonds. The firm indicates no operational impact from SVB's closure and has no outstanding balance on its credit line. Aehr Test Systems emphasizes its readiness to mitigate any potential effects on its operations, customers, and stakeholders.

Aehr Test Systems (NASDAQ: AEHR) recently clarified its position regarding Tesla's announcement about a new electric motor with a silicon carbide semiconductor inverter. CEO Gayn Erickson emphasized that Tesla's projected 75% reduction in silicon carbide wafers applies only to the new low-cost drive units, which will not affect the high-performance models. Aehr reaffirms its revenue guidance for fiscal year 2023 at $60 million to $70 million, citing strong profit margins. Erickson highlighted that the demand for wafer-level testing solutions would grow as companies adopt multi-chip modules to improve efficiency and reliability in electric vehicle inverters.

Aehr Test Systems (NASDAQ: AEHR) announced a sales agreement for an At-The-Market (ATM) offering of up to $25 million in common stock, managed by William Blair & Company and Craig-Hallum Capital Group. This offering is pursuant to an effective shelf registration on Form S-3 filed with the SEC. The proceeds will be used for general corporate purposes, including increasing working capital, funding R&D, and capital expenditures. Aehr specializes in semiconductor test equipment and has over 2,500 installed systems worldwide, driven by rising demands in the Automotive and Mobility IC markets.

Aehr Test Systems (NASDAQ:AEHR) announced the retirement of long-time board member Mario M. Rosati, effective January 24, 2023. Rosati, a crucial figure since the company's inception in 1977, helped take Aehr public in 1997 and provided invaluable support in its early growth phase. With his departure, the board now consists of six members. Gayn Erickson, President and CEO, acknowledged Rosati's leadership and contributions as key to the company's success. Aehr Test specializes in semiconductor production test and reliability qualification equipment, having installed over 2,500 systems globally, catering to the rising needs of automotive and mobility integrated circuit markets.

Aehr Test Systems (NASDAQ:AEHR) announced on January 25, 2023, that a new customer has chosen its FOX-P^TM system for wafer-level testing and burn-in of silicon carbide devices targeted for automotive electric vehicles. This customer, a silicon carbide and gallium nitride supplier, values Aehr's ability to ensure complete traceability and device reliability. The initial testing will be conducted with an OSAT partner which already has FOX-P capacity. Industry forecasts predict the silicon carbide market for electric vehicles will surge from 119,000 6-inch equivalent wafers in 2021 to over 4.1 million by 2030, highlighting the significant growth potential for Aehr's solutions.

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.