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 (NASDAQ: AEHR) is a supplier of semiconductor test and burn-in equipment, and its news flow reflects activity across wafer-level and packaged-part reliability testing. Company announcements highlight orders, product enhancements, customer engagements, and financial results related to its FOX-P wafer-level platforms and its Sonoma, Echo, and Tahoe package-level burn-in systems.
Recent news has focused on AI processors, data center, and high-performance computing (HPC) markets. Aehr has reported multi-million-dollar orders for its Sonoma ultra-high-power packaged-part burn-in systems from AI companies and a premier global Silicon Valley test lab, including a next-generation fully automated Sonoma platform designed for high-power CPUs, GPUs, and networking processors. Updates also describe benchmark evaluations and production installations for wafer-level burn-in of AI processors and flash memory devices using FOX-XP and FOX-NP systems and WaferPak technology.
Investors following AEHR news can track quarterly financial results and guidance, including bookings, backlog, and commentary on demand trends in AI, silicon photonics, silicon carbide, gallium nitride, and storage markets. Press releases also cover strategic partnerships, such as Aehr’s collaboration with ISE Labs to deliver wafer-level test and burn-in services for HPC and AI applications, as well as participation in investor conferences and industry events.
This news page aggregates updates on system orders, product introductions, strategic collaborations, and market commentary from Aehr Test Systems. Readers can use it to monitor developments in the company’s wafer-level burn-in and package-level burn-in businesses, particularly as they relate to AI processors, electric vehicle and renewable energy applications, and data center infrastructure.
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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.
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.
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