Silicon Investor - AEHR - Semi Test Equipment related to auto chips

[Return to Sender] I asked Gemini if there was any direct competition to AEHR's Wafer Level Burn in...

Return to Sender — 4/21/2026 2:03:06 PM

I asked Gemini if there was any direct competition to AEHR's Wafer Level Burn in? Answer below:

Aehr Test Systems currently holds a monopolistic or "quasi-monopoly" position in the full-wafer level burn-in market, as no direct competitor currently offers the same combination of high power, extreme parallelism, and low cost per wafer.

While major semiconductor test equipment manufacturers like
Advantest and Teradyne operate in broader test markets, they generally test chips individually or in small groups rather than entire wafers simultaneously.
Halter Ferguson Financial Inc. +1

Competitive Landscape for Wafer-Level Burn-In
Although Aehr leads the market, other companies exist in the broader wafer-level testing space:

Advantest & Teradyne: These industry giants focus primarily on electrical testing and "packaged part" burn-in. In 2021, Advantest announced a strategic partnership to develop burn-in solutions specifically for 5G applications. However, they do not currently offer full-wafer burn-in at the power levels required by modern AI processors.
Traditional Blade Probe Card Manufacturers: Most traditional wafer-level testing involves "blade" probe cards. Competitors in this space offer equipment with costs ranging from $700,000 to $1 million per wafer, whereas Aehr's FOX-XP system provides a 60%+ discount at approximately $250,000 per wafer of capacity.
Incal Technology (Acquired): Incal previously provided high-temperature operating life testing tools for AI companies but had limited production capacity (roughly two systems per month). Aehr acquired Incal to strengthen its own high-power packaged part burn-in portfolio.
Halter Ferguson Financial Inc. +4

Aehr's Technical Moat
Aehr's dominance is protected by proprietary technology and high barriers to entry:

FOX-XP Throughput: The system can burn-in up to 18 to 20 wafers simultaneously, a level of parallelism that competitors cannot match.
Power Capability: AI processors require extreme power during burn-in; the FOX-XP delivers up to 3,500 watts per wafer and thousands of amperes.
Patented WaferPak Contactors: These are proprietary, single-touchdown full-wafer probe cards that simultaneously contact every chip on a 300mm wafer.
Switching Costs: Once a manufacturer qualifies Aehr's tools, switching to a competitor involves 6–12 months of requalification, risking potential yield loss and production delays.

[Return to Sender] Aehr Receives Record $41 Million Production Order from Lead Hyperscale AI Custom...

Return to Sender — 4/16/2026 10:19:42 AM

Aehr Receives Record $41 Million Production Order from Lead Hyperscale AI Customer; Second-Half Bookings Exceed $92 Million

finance.yahoo.com

Aehr Test Systems

Thu, April 16, 2026 at 5:30 AM MDT 7 min read

FREMONT, CA / ACCESS Newswire / April 16, 2026 / Aehr Test Systems (NASDAQ:AEHR), a leading provider of test and burn-in solutions for semiconductor devices used in artificial intelligence (AI), silicon photonics, data center, automotive, and industrial applications, today announced it has received a record $41 million follow-on production order from its lead hyperscale customer for package-level burn-in (PLBI) of custom AI processor ASICs. The order is the largest in Aehr's history and supports high-volume production burn-in of ASICs used in data center training and inference AI workloads.

The order includes a large quantity of Aehr's Sonoma™ high-power package-level test and burn-in systems, along with fully turnkey burn-in modules (BIMs) and device-specific sockets - the consumables required to configure the Sonoma systems for the customer's specific AI processor. Deliveries under the order are expected to begin in Aehr's fiscal 2027, which starts on June 27, 2026.

"This $41 million follow-on order from our lead hyperscale package-level burn-in customer brings our bookings in the second half of our fiscal year to more than $92 million to date with six weeks remaining in the fourth quarter and a strong pipeline of forecasted customer orders in place," said Gayn Erickson, President and Chief Executive Officer of Aehr Test Systems. "This order further validates our Sonoma platform for high-volume production burn-in of very-high-power AI processor ASICs. Our Sonoma systems first entered production with this customer last year, and this new order reflects their continued ramp in capacity for current-generation devices.

"This customer is also developing a significantly higher-power AI accelerator ASIC expected to move to production later this year, and they have already placed an initial order with us for multiple Sonoma systems to be used for production for that device. As these next-generation devices move into volume production, we see the potential for further substantial increases in demand for Sonoma systems and consumables in our next fiscal year.

"Hyperscale cloud providers are increasingly designing custom AI accelerator ASICs to optimize performance, power efficiency, and total cost of ownership for large-scale AI training and inference workloads. Industry analysts project that shipments of hyperscale-designed AI processors will grow at a compound annual growth rate exceeding 30% through 2030, driven by the rapid adoption of generative AI, large language models, and AI-enabled services across cloud computing, enterprise, and consumer applications. As AI processor power levels and integration complexity continue to increase, Aehr believes demand for high-power production burn-in solutions will scale accordingly, expanding the market opportunity for Aehr's Sonoma platform.

"With this order, Aehr has now booked over $92 million in orders in the second half of this fiscal year, already exceeding our recently increased expectations, which we provided last week, for bookings on the high side of $60 million to $80 million during this period. We also have significant additional customer demand forecasted over the next few months across multiple markets, including AI processor wafer-level and packaged-part production burn-in, silicon photonics wafer-level burn-in, and silicon carbide and gallium nitride power semiconductor wafer-level production burn-in, and we expect a portion of this demand to convert into bookings before the end of this fiscal year. These bookings, together with the growing number and breadth of customer engagements across these market segments, as well as flash and high bandwidth memory, give us improved visibility and increased confidence in significant revenue growth in fiscal 2027 and beyond.

"To support growing customer demand, Aehr recently completed a significant facility expansion, adding power, cooling infrastructure, and clean-room manufacturing space in our Fremont, California facility. In addition, this quarter we will begin shipping Sonoma systems from a newly upgraded contract manufacturing facility, with capacity for more than 20 additional systems per month. These upgrades meaningfully increase our production capacity and allow us to support very significant growth in shipments of both our Sonoma package-level and FOX™ wafer-level test and burn-in systems, as well as the associated consumables."

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and packaged part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, advanced artificial intelligence (AI) processors, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr's products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full-wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full-wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for AI semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turnkey provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

[Return to Sender] Aehr Test Systems Posts Mixed Quarterly Report, Raises Bookings Outlook finance...

Return to Sender — 4/7/2026 7:06:35 PM

Aehr Test Systems Posts Mixed Quarterly Report, Raises Bookings Outlook

finance.yahoo.com

PATRICK SEITZ
Updated 04:59 PM ET 04/07/2026

Aehr Test Systems ( AEHR) late Tuesday delivered mixed results for its fiscal third quarter, but reported strong bookings. Aehr stock fell in extended trades.

The Fremont, Calif.-based company lost an adjusted 5 cents a share in the quarter ended Feb. 27, vs. year-earlier earnings of 7 cents a share. It posted sales of $10.3 million, compared with $18.3 million in the same period last year.

Analysts polled by FactSet had expected Aehr to lose an adjusted 7 cents a share on sales of $10.8 million in fiscal Q3.

Aehr makes test and burn-in solutions for semiconductor devices used in AI data centers and other applications.

The company reported stronger-than-expected quarterly bookings of $37.2 million. It now expects bookings in the second half of its fiscal 2026, ending May 29, to be on the high end of its previously stated range of $60 million to $80 million.

We currently expect full-year fiscal 2026 revenue to be on the high side of the $45 million to $50 million range provided last quarter," Chief Executive Gayn Erickson said in a news release. He forecast "significant revenue growth in fiscal 2027," based on demand across both wafer-level burn-in and package-level burn-in applications.

"More broadly, we believe we have a clear path to sustained long-term growth as our installed base expands across AI, silicon photonics, power semiconductors, and other high-performance applications," Erickson said.

Aehr Stock Retreats From Recent High In after-hours trading on the stock market today, Aehr stock fell 3.1% to 48.70. During the regular session Tuesday, Aehr slid 3.7% to close at 50.25. Earlier in the session, Aehr hit a more than two-year high of 53.10.

Aehr stock and its semiconductor equipment peers have risen this year amid heavy investments by chipmakers in new gear.

IBD's semiconductor equipment group currently ranks fifth out of 197 industry groups for performance over the past six months, according to MarketSurge.

Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

[Return to Sender] Aehr Wins Major New Silicon Photonics Customer with High-Power FOX-XP Wafer-Le...

Return to Sender — 3/31/2026 1:12:49 PM

Aehr Wins Major New Silicon Photonics Customer with High-Power FOX-XP Wafer-Level Burn-In System for Hyperscale Data Center Optical Interconnect Market

finance.yahoo.com

Aehr Test Systems

Tue, March 31, 2026 at 5:30 AM MDT 7 min read

FREMONT, CA / ACCESS Newswire / March 31, 2026 / Aehr Test Systems (NASDAQ:AEHR), a leading provider of test and burn-in solutions for semiconductor devices used in artificial intelligence (AI), data center, automotive, and industrial applications, today announced it has received an initial order from a major new customer that is a global leader in networking products and solutions and a major supplier to the data center optical transceiver market. The customer is developing advanced silicon photonics-based transceivers for data center networking and optical I/O applications to address the rapidly accelerating demand for high-speed fiber optic communication links in hyperscale AI and cloud data centers.

The order includes multiple systems for both engineering qualification and high-volume production, including a FOX-XP™ wafer-level burn-in (WLBI) system configured to test nine wafers in parallel, a fully integrated WaferPak™ Auto Aligner, multiple FOX-NP WLBI systems, and multiple full sets of FOX WaferPak full-wafer Contactors for production, engineering and new product introduction. The systems are scheduled to ship in Aehr's fiscal fourth quarter ending May 29, 2026. The customer has also provided Aehr with a forecast for additional systems, with follow-on orders possible as early as later this calendar year as it ramps capacity to support next generation hyperscale data center deployments.

"Data center architectures are rapidly evolving as AI infrastructure scales, driving a major transition from traditional copper interconnects to fiber optic communication links to meet the increasing demands for bandwidth, latency, signal integrity, thermal performance, and power efficiency," said Gayn Erickson, President and Chief Executive Officer of Aehr Test Systems. "Silicon photonics-based optical transceivers are a critical enabling technology for this transformation, and we believe this order is particularly significant because it comes from a major new customer that is a leading supplier of networking products and solutions for the data center market.

"What makes this win especially exciting is that the customer is purchasing systems for both engineering qualification and high-volume production up front, reflecting the urgency of the ramp now underway to support the massive buildout of hyperscale AI and cloud data centers. We believe this customer engagement further validates WLBI as an increasingly important part of the silicon photonics manufacturing flow and highlights the potential for silicon photonics to become a meaningful long-term growth driver for Aehr's WLBI business.

"We believe this win positions Aehr to participate in what could be a significant multiyear expansion of silicon photonics production driven by the growth of fiber optic interconnects in hyperscale AI data centers."

As data center architectures scale to support AI, cloud computing, and high-performance networking, fiber optic interconnects offer significant advantages over copper wiring, including higher data rates, lower power consumption, longer reach, improved thermal performance, and reduced electromagnetic interference. These advantages are driving rapid adoption of silicon photonics transceivers across hyperscale and enterprise data centers worldwide and increasing demand for cost-effective, production-proven burn-in solutions that can ensure device quality and long-term reliability at volume.

Aehr is the market leader in WLBI for silicon photonics transceivers, with a large installed base at leading global semiconductor and photonics companies. The Company's FOX-XP platform enables high-parallelism, high-temperature, and high-power WLBI, allowing customers to identify early-life failures before packaging while significantly reducing cost of test.

"With our high-power FOX-XP configuration, which we began shipping last year, we offer the highest power-per-wafer WLBI capability in the industry - up to 3,500 watts per wafer," Erickson added. "This proven system is already installed and in production at a world-leading silicon photonics integrated circuit supplier supporting data center and optical I/O applications. In this case, we were able to demonstrate production-ready systems on our manufacturing floor that met the customer's performance and throughput requirements. That capability, combined with our leadership in WLBI for silicon photonics and our ability to support customers from qualification through high-volume production, was a key factor in the customer's decision to select Aehr."

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and packaged part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, advanced artificial intelligence (AI) processors, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr's products and solutions. Aehr has developed and introduced several innovative products including the FOX-P™ families of test and burn-in systems and FOX WaferPak™ Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full-wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full-wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for AI semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turnkey provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

[Return to Sender] Aehr Test Systems (AEHR) Q2 FY2026 earnings call transcript finance.yahoo.com

Return to Sender — 1/9/2026 2:42:07 PM

[Return to Sender] Aehr Test Systems ( AEHR ) shares are up on Friday following Thursday’s earnings...

Return to Sender — 1/9/2026 2:29:38 PM

Aehr Test Systems ( AEHR ) shares are up on Friday following Thursday’s earnings report. Here’s what investors need to know.

Aehr Test System stock is surging to new heights today. Why is AEHR stock up today?

Aehr Test Systems Pops To New highsAehr Test Systems ( AEHR ) reported quarterly losses of four cents per share, aligning with consensus estimates. However, the company’s revenue of $9.88 million fell short of the expected $11.59 million, marking a 14.72% miss and a decline from $13.45 million in the same period last year.

Despite the revenue shortfall, CEO Gayn Erickson expressed optimism about the company’s progress in wafer-level burn-in and packaged-part burn-in segments. The company reported bookings of $6.2 million for the quarter, with a backlog of $11.8 million as of Nov. 28, 2025.

The broader market is experiencing positive momentum Friday afternoon, with major indices showing gains. The Technology sector is particularly strong today, which may provide a supportive backdrop for Aehr Test Systems ( AEHR ) as it navigates its recent earnings results.

AEHR Technicals: Trading Above Key SMAs With Neutral RSI And Bullish MACDAehr Test Systems ( AEHR ) is currently trading 7.2% above its 20-day simple moving average (SMA) and 5.7% above its 50-day SMA, indicating short-term strength. Over the past 12 months, shares have increased by 47.77%, and the stock is positioned closer to its 52-week highs than lows.

The RSI is at 49.89, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, indicating bullish momentum.

The combination of neutral RSI and bullish MACD suggests mixed momentum.

Key Resistance: $26.50
Key Support: $21.50

Earnings Miss But Analysts Maintain BullishAnalyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $20.50. Recent analyst moves include:

Lake Street: Initiated with Buy (Target $29.00)
Craig-Hallum: Upgraded to Hold (Target $12.00)
William Blair: Upgraded to Market Perform

Aehr Test Systems Scores Strong Bullish Momentum In Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Aehr Test Systems ( AEHR ), highlighting its strengths and weaknesses compared to the broader market:

Momentum: Bullish (Score: 92.41/100) — Stock is outperforming the broader market.

The Verdict: Aehr Test Systems’s Benzinga Edge signal reveals a strong momentum setup. The high momentum score indicates that the stock is currently performing well compared to its peers, suggesting potential for continued upward movement.

Price ActionAEHR Price Action: Aehr Test System shares were up 8.55% at $24.64 at the time of publication on Friday, according to Benzinga Pro data.

Read Next: Earnings Outlook For Aehr Test Systems

[Return to Sender] I think the stock may be short term topping. The prospects for AEHR the company ...

Return to Sender — 8/26/2025 1:18:05 PM

I think the stock may be short term topping. The prospects for AEHR the company have never been better however in my humble opinion:

[Elroy] Another one today! I got this in my email, and bought 100 shares pre-market at ...

Elroy — 8/26/2025 7:45:13 AM

Another one today!

I got this in my email, and bought 100 shares pre-market at $25.12. I wonder if this makes it move up another few bucks. The future sure seems like it may be nice for these guys.

Aehr Test Systems Announces Wafer Level Burn-in and Test Application Evaluation Order from Leading AI Processor Supplier

08/26/2025

FREMONT, CA - August 26, 2025 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it has received a purchase order from a leading supplier of artificial intelligence (AI) processors for a wafer level burn-in (WLBI) application evaluation and correlation program.

This paid evaluation includes a custom WaferPakTM high-power fine-pitch 300mm wafer contactor and a production WLBI test program development, including characterization and correlation to the supplier's existing production burn-in process. The WLBI test and burn-in application evaluation will be conducted at Aehr Test's Fremont, California facility using its FOX-XP™ production test and burn-in systems.

Demonstrating High-Power Capability

The evaluation program will feature a complete characterization and correlation plan to validate Aehr's FOX-XPTM production systems for WLBI and functional test of one of this supplier's high-performance, high-power AI processors on 300mm wafers. The evaluation will demonstrate a custom designed WaferPak wafer contactor, which is configured to functionally test and deliver hundreds of amps of current to each of the supplier's high-power processors while in wafer form.

In addition, Aehr will demonstrate the FOX-XP's advanced thermal management capabilities, precise wafer temperature regulation, and the ability to manage device operating conditions across the full wafer.

CEO Commentary

"We previously reported during our last earnings call that this top-tier AI processor supplier asked us to move forward with an on-wafer burn-in evaluation using their devices, and we are pleased today to announce the receipt of a purchase order for this evaluation from them," said Gayn Erickson, President and CEO of Aehr Test Systems. "We believe this represents a significant step forward in our engagement with this top-tier AI processor supplier.

"While there can be no guarantee that this customer will ultimately purchase our FOX wafer level test and burn-in solutions for production, we believe that this paid evaluation is an important milestone and first step toward the adoption of wafer level burn-in as an alternative to their production burn-in done in later manufacturing steps and toward using Aehr's wafer level burn-in solution for their next-generation products. We estimate that this evaluation will take approximately three to six months to complete.

Wafer-Level vs. Package-Level Burn-In

"The evaluation will also highlight the advantages of WLBI over traditional package-level burn-in, particularly for devices such as advanced AI processors, which are often packaged along with high-bandwidth memory chips (HBM) as well as other compute processors. Screening devices at the wafer stage enables customers to identify and remove failures before these devices are packaged with other costly devices. This improves yield and reduces costs, as these AI processors that fail at the WLBI step would ultimately fail in the downstream burn-in process if they had not been subject to the WLBI screening, which would add the cost of throwing away the other devices as well as the expensive multi-chip advanced package itself."

Aehr is in the unique position of being the only company that offers solutions for both wafer level burn-in (with the FOX-XP platform) as well as package part burn-in (with its Sonoma™ test and burn-in systems), giving customers flexibility to qualify and screen devices at multiple stages of their manufacturing process.

Expanding AI Market Opportunity

"The market opportunity for wafer level and packaged part burn-in of AI processors is extremely compelling," Mr. Erickson added. "The rapid adoption of AI across hyperscale datacenters, cloud providers, enterprise infrastructure, and consumer applications is driving exponential demand for high-performance processors and accelerators. These devices require unprecedented levels of power density, high-speed interconnect, and advanced multi-die packaging.

"Aehr's FOX-XP multi-wafer test and burn-in system is capable of testing and burning-in up to 18 wafers simultaneously, with fully independent resources to each wafer. It is the only production-proven solution for full wafer-level test and burn-in of high-power devices such as silicon carbide power semiconductors, flash memory, photonics ICs, and AI processors."

[Elroy] I rolled my short AEHR $17.50 Aug covered calls into short Sep $20 covered calls...

Elroy — 8/26/2025 12:21:30 AM

I rolled my short AEHR $17.50 Aug covered calls into short Sep $20 covered calls before Aug expiration, and made 50 cents.

Now, lets see what happens in Sep. If AEHR gives back a few bucks I can probably roll these short Sep $20's into short Oct $22.50's.......trying to hang onto my actual shares!

[Return to Sender] Major Hyperscaler Expands AI Processor Production Capacity with Additional Aehr ...

Return to Sender — 8/25/2025 10:15:26 AM

Major Hyperscaler Expands AI Processor Production Capacity with Additional Aehr Test Package-Level Test and Burn-in Systems

finance.yahoo.com

Aehr Test Systems

Mon, August 25, 2025 at 5:30 AM MDT 7 min read

FREMONT, CA / ACCESS Newswire / August 25, 2025 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it has received additional follow-on orders for six Sonoma ultra-high-power packaged part burn-in systems from its lead production artificial intelligence (AI) processor customer for packaged part burn-in. This customer is a world-leading hyperscaler delivering computing power and storage to millions of users and organizations globally. These systems will be used for high-volume production test and burn-in of advanced AI processors, and will ship from Aehr's production facility in Fremont, California over the next two quarters.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We are very pleased that this leading hyperscaler has increased its forecast and placed additional volume production orders for our Sonoma systems so soon after last month's order. These orders demonstrate both the value of our ultra-high-power system for volume production burn-in of AI processors and the growing relationships we are building with customers at the forefront of the AI market. This customer is one of the premier large-scale data center providers developing its own AI processors, and they have already indicated plans to expand capacity for this initial device and add additional AI devices over the next year. We are also engaged with them on future generations of processors to ensure we can support their long-term production needs.

"Hyperscalers like Microsoft (Azure), Amazon (AWS), Google, and Meta are increasingly developing and deploying their own Application-Specific Integrated Circuits (ASICs) for AI processing to address the unique demands of their massive-scale workloads and gain a competitive edge. These ASICs are designed to be highly optimized for the precise AI tasks that they perform, such as large language model (LLM) inference, image recognition, recommendation systems, and natural language processing (NLP).

"In addition to optimization for specific tasks, hyperscalers are using custom AI ASICs to achieve gains in power efficiency and security while decreasing their reliance on external hardware providers and accelerating their innovation in AI.

"Aehr enables customers to perform production burn-in screening, qualification, and reliability characterization for GPUs, AI processors, CPUs, and network processors directly in package form. Our Sonoma systems deliver what we believe to be the industry's lowest-cost solution, while allowing customers to seamlessly transition from early reliability characterization to full production burn-in and early-life failure screening. This approach helps reduce costs, improve quality, and accelerate time to market.

"The AI semiconductor market is growing at an extraordinary pace. Strategy and Stats Insider projects the AI chip market, valued at more than $60 billion in 2023, will exceed $600 billion by 2032, representing nearly a 30 percent CAGR. Beyond GPUs for large language models, the industry is rapidly embracing application-specific integrated circuits (ASICs) for data centers, autonomous vehicles, robotics, and security applications, all of which demand the highest levels of reliability. With our comprehensive portfolio of reliability test and burn-in solutions tailored for AI semiconductors, Aehr is uniquely positioned to capture a meaningful share of this fast-growing market."

Aehr Test's Sonoma test and burn-in systems offer significant technological and commercial advantages over other available solutions, and features advanced testing functionality at the "Device Under Test" (DUT) level for substantially lower cost and high performance using state-of-the-art technology, including:

A streamlined architecture with superior footprint optimization, delivering significantly more watts per square foot, often twice that of other systems in the market
Highest Overall Equipment Effectiveness (OEE), as loading, unloading and start of new burn-in run is per device, and avoids "batch" loading and unloading of the chamber
Most efficient movement of devices between JEDEC trays and burn-in socket while removing hundreds of thousands of dollars for extra burn-in boards that traditional burn-in systems require to manage device handling
Dedicated per DUT digital I/O pins for ultimate control and test flexibility versus traditional burn-in systems that share drivers across multiple devices
Precision power delivered directly from supplies next to the devices under test and burn-in conditions, versus bulk power supplies and back planes in traditional burn-in chamber that can cause voltage drops and much less accurate voltages critical to burn-in
Individual dynamic heating and cooling-per-device with independent liquid cooled thermal sockets and control-per-device
Best in class software for characterization and bring-up of devices for qualification and production

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, advanced AI processors, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for Artificial Intelligence (AI) semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turn-key provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing, including the growth of the markets referred to herein; Aehr's ability to integrate Incal efficiently; and the timing and extent to which the acquisition is accretive. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

# # #

Contacts:
Aehr Test Systems
Vernon Rogers
EVP of Sales & Marketing
(510) 623-9400 x215
vrogers@aehr.com

PondelWilkinson, Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
tkehrli@pondel.com
jbyers@pondel.com

SOURCE: Aehr Test Systems

[Return to Sender] You are probably right. This is a long term hold for me since I have so little r...

Return to Sender — 8/4/2025 8:47:24 PM

You are probably right. This is a long term hold for me since I have so little risk.

RtS

[Elroy] I sold Aug $17.50 covered calls against my AEHR position before the AI follow on...

Elroy — 8/4/2025 6:34:51 PM

I sold Aug $17.50 covered calls against my AEHR position before the AI follow on order press release.

Now I'm wondering what to do. Probably just watch them until expiration. It looked like today I could have rolled them into Sep short covered calls for zero premium, or roll them into Sep $17.50 covered calls for about $1.00 premium.

AEHR remain an interesting story, but I sort of expect the next earnings report to be a negative affect rather than positive. Stock has risen a good bit, and I sort of doubt sales are going to rise this Q. Still, it's just a guess, seems like SOME DAY the stock is going to take off, but ...... when?

[Return to Sender] Nice to see the bounce in AEHR today after filling the gap left after the follow...

Return to Sender — 8/4/2025 6:06:42 PM

Nice to see the bounce in AEHR today after filling the gap left after the follow on orders excitement. Especially when ON sold off hard today. ON has been in the past AEHR's biggest customer. They may be again in the future so watching ON get hit while AEHR is rising feels pretty great:

RtS

[Return to Sender] AEHR's Most Recent Investor Presentation is well worth a download: aehr.com

Return to Sender — 7/26/2025 10:01:51 PM

[Return to Sender] So which major Hyperscaler is AEHR working with? I search I made came up with GO...

Return to Sender — 7/22/2025 3:48:46 PM

So which major Hyperscaler is AEHR working with? I search I made came up with GOOGL or MSFT. Someone over at Yahoo thought it might be AMZN? But really it could be any of the following and all that tells me is that AEHR is doing something right that none of these companies can duplicate without help:

Here are some of the major AI hyperscalers:

Amazon Web Services (AWS): The largest cloud provider globally, AWS offers a fully managed environment for Machine Learning model building and deployment through services like SageMaker, Rekognition, Lex, and Polly.
Microsoft Azure: As the second-largest hyperscaler, Microsoft Azure provides cloud solutions for companies of all sizes, including Azure Machine Learning, Cognitive Services, Bot Service, and Azure OpenAI Service.
Google Cloud Platform (GCP): GCP is known for its strengths in data analytics, AI, and Machine Learning, with services like Google Cloud AI Platform, TensorFlow, Vision API, and Speech API.
Alibaba Cloud: The leading cloud provider in China, Alibaba Cloud offers a wide range of services, including AI capabilities.
NVIDIA: A key player in AI infrastructure, NVIDIA offers specialized hardware like GPUs and TPUs, along with software and platforms optimized for AI development and deployment.
IBM Cloud: IBM Cloud focuses on secure cloud computing for regulated industries and offers advanced AI capabilities through the IBM Watson platform.
Oracle Cloud Infrastructure (OCI): OCI specializes in database services and integrates AI functionality across its cloud infrastructure.

Key takeaways

These companies operate massive data centers and invest heavily in AI infrastructure to support the growing demand for AI services across various industries.
Their dominance stems from large-scale operations, network effects, and continuous investment in advanced technology.
They provide access to cutting-edge AI technologies and solutions without the need for extensive in-house infrastructure and expertise.
Choosing the right AI hyperscaler depends on specific business needs and priorities, including security requirements, cost considerations, and desired features.

[Return to Sender] It is always a crap shoot Elroy. No one knows for sure where a stock will trade....

Return to Sender — 7/22/2025 11:33:08 AM

It is always a crap shoot Elroy. No one knows for sure where a stock will trade. We just make educated guesses. I am in AEHR from several years back when it traded below 1.50 a share. Then BOOM, the stock, exploded higher.

The company was taken totally by surprise when they received to them a huge order.

But lets be serious, that huge order was nothing, when compared to the orders received by any of the real large players in the semiconductor test industry in a single day. Today's orders must not be that big compared to those orders a couple years back. Regardless, these orders are for AI systems and not Silicon Carbide Testing. That is exciting to investors today.

If the dollar value of this order was truly impressive I think they would have announced it instead of the number of systems they are selling instead.

Regardless, AEHR is obviously making its way into new markets in (to them) a big way.

I can afford to hold the stock until it hits my own personal target. I am not going to share that target because I do not want to influence you, or anyone else, on what you should do with your own shares.

I bought my shares of AEHR on a whim, without doing hardly any research and I basically lucked into where I enjoy the ups and downs today as much as anyone can do.

Best of luck Elroy!

RtS

[Elroy] Yeah, I saw that. Previously AEHR used to often announce the dollar size of ord...

Elroy — 7/22/2025 10:56:16 AM

Yeah, I saw that. Previously AEHR used to often announce the dollar size of orders. Trying to figure out what it means financially.

"We are excited to receive these follow-on volume production orders for multiple Sonoma systems, representing a more than doubling of the number of production systems with this customer..."

So, I guess that means if they have 6 systems currently in production with this customer, the new order is for 7 systems or more? That's good (that they have orders), and it's for shipment in the next six months, so perhaps they'll get more orders from this customer in months 7-12 from now.

It's a nice start. Not sure it justifies the valuation ($600m market cap against trailing sales of $60m), but if they get some more traction like this on the other new product segments, this stock could work out well. I think they've said silicon carbide (40% of last year's sales) may decline in the next 12 months, so it's still looking pricey, but maybe the market doesn't care.

I guess if they gain traction with customers like this the sales continue for years and years, maybe? Not really sure. Anyways, I'm still holding my $21 shares from many years ago, but not sure whether I'll continue to hold.

[Return to Sender] Aehr Strengthens AI Market Share with Additional Orders for Sonoma Production Te...

Return to Sender — 7/22/2025 10:44:03 AM

Aehr Strengthens AI Market Share with Additional Orders for Sonoma Production Test and Burn-in Systems

finance.yahoo.com

Aehr Test Systems

Tue, July 22, 2025 at 5:30 AM MDT 7 min read

FREMONT, CA / ACCESS Newswire / July 22, 2025 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it has received follow-on orders from its lead production artificial intelligence (AI) processor customer for package part burn-in for eight Sonoma ultra-high-power systems to be used for volume production test and burn-in of their AI processors. This customer is a world-leading hyperscaler delivering computing power and storage capacity to millions of individuals and organizations worldwide. These systems will ship from Aehr's high-volume production facility in Fremont, California, over the next six months.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We are excited to receive these follow-on volume production orders for multiple Sonoma systems, representing a more than doubling of the number of production systems with this customer, which is one of the premier large-scale data center hyperscalers. This customer is developing its own AI processors and significantly expanding its capacity. They have indicated plans to ramp this device over the next year and have already begun discussing their next-generation processors with us to ensure we can meet their production capacity needs.

"Aehr enables customers to perform their production burn-in screening, qualification, and reliability characterization in package form for GPUs, AI processors, CPUs, and network processors. We believe our Sonoma systems offer the lowest-cost solution on the market. We first engaged with this customer during the early stage of their new product introduction and supported them throughout the entire process, from defining the best burn-in test plan to production burn-in, using the same platform and fixtures. This demonstrates our ability to seamlessly move from reliability characterization and qualification of AI processors to production burn-in and early life failure screening, which allows our customers to reduce costs and accelerate time to market.

"The AI semiconductor processor market is growing at an unprecedented incredible rate. According to Strategy and Stats (S&S) Insider, the AI chip market, valued at over $60 billion in 2023, is projected to grow to more than $600 billion by 2032, a tenfold increase with a CAGR of nearly 30 percent. Additionally, the types of processors and applications for AI are evolving rapidly, moving beyond general-purpose GPU-based processors for large language models and inference to application-specific integrated circuits (ASICs) designed for specialized accelerator functions in data centers and hyperscalers. AI processors are also becoming critical in autonomous vehicles, robotics, and security applications. These advanced devices demand the highest levels of quality, reliability, and security. With our comprehensive portfolio of reliability test and burn-in solutions tailored for AI semiconductors, we believe Aehr is well positioned to capture a meaningful share of this growing market."

A streamlined architecture with superior footprint optimization, delivering significantly more watts per square foot, often twice that of other systems in the market

Highest Overall Equipment Effectiveness (OEE), as loading, unloading and start of new burn-in run is per device, and avoids "batch" loading and unloading of the chamber

Most efficient movement of devices between JEDEC trays and burn-in socket while removing hundreds of thousands of dollars for extra burn-in boards that traditional burn-in systems require to manage device handling

Dedicated per DUT digital I/O pins for ultimate control and test flexibility versus traditional burn-in systems that share drivers across multiple devices

Precision power delivered directly from supplies next to the devices under test and burn-in conditions, versus bulk power supplies and back planes in traditional burn-in chamber that can cause voltage drops and much less accurate voltages critical to burn-in

Individual dynamic heating and cooling-per-device with independent liquid cooled thermal sockets and control-per-device

Best in class software for characterization and bring-up of devices for qualification and production

[Elroy] Aehr Test Systems to Announce Fiscal 2025 Fourth Quarter and Full Year Financial...

Elroy — 7/8/2025 3:33:38 PM

Aehr Test Systems to Announce Fiscal 2025 Fourth Quarter and Full Year Financial Results on July 8, 2025
-----
Well, here we go.......

[Elroy] Aehr Test Systems Reports Fiscal 2025 Third Quarter Revenue Growth and Solid B...

Elroy — 4/10/2025 8:50:31 AM

Aehr Test Systems Reports Fiscal 2025 Third Quarter Revenue Growth and Solid Bookings and Backlog

https://finance.yahoo.com/news/aehr-test-systems-reports-fiscal-200500033.html

My takeaway from this quarter is they are doing a very good job at diversifying their sale and positioned for future growth if a variety of segments take off.

Tariffs are slowing everything down, they don't see direct impacts, but whether their customers will push out orders or not while they wait to see how things develop is beyong their control. So....they're likely to have weak sales until the tariff tantrum ends, but longer term (if they survive) this seemed like a good Q.

Hmmm, operating expenses are $8m per quarter, and cash in the bank is only $29m. That's not very reassuring that they can withstand a 1-2 year serious slowdown. They need some more USD.

[Return to Sender] Aehr Test System reported its Q2 earnings results on Monday, January 13, 2025 at...

Return to Sender — 1/13/2025 9:05:11 PM

Aehr Test System reported its Q2 earnings results on Monday, January 13, 2025 at 04:05 PM.

Here's what investors need to know about the announcement.

EarningsAehr Test System missed estimated earnings by -50.0%, reporting an EPS of $0.02 versus an estimate of $0.04.

Revenue was down $7.98 million from the same period last year.

Historical Earnings SummaryThe company beat on EPS by $0.05 in the previous quarter, leading to a 20.0% increase share price change the next day.

Here's a look at Aehr Test System's past performance:

EPS Estimate	0.02	0.10	-0.03	0.19
EPS Actual	0.07	0.84	-0.03	0.23
Revenue Estimate	12.17M	15.44M	7.61M	20.89M
Revenue Actual	13.12M	16.60M	7.56M	21.43M

QuarterQ1 2025Q4 2024Q3 2024Q2 2024

To track all earnings releases for Aehr Test System visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

[Return to Sender] Aehr Test Systems Reports Fiscal 2025 Second Quarter Financial Results and Reite...

Return to Sender — 1/13/2025 4:15:31 PM

Aehr Test Systems Reports Fiscal 2025 Second Quarter Financial Results and Reiterates Full Year Financial Guidance

4:05 PM ET 1/13/25 | Dow Jones

FREMONT, CA / ACCESSWIRE / January 13, 2025 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced financial results for its second quarter of fiscal 2025 ended November 29, 2024.

Fiscal Second Quarter Financial Results:

   -- Net revenue was $13.5 million, compared to $21.4 million in the second        quarter of fiscal 2024.       -- GAAP net loss was $(1.0) million, or $(0.03) per diluted share, compared        to GAAP net income of $6.1 million, or $0.20 per diluted share, in the        second quarter of fiscal 2024.       -- Non-GAAP net income, which excludes the impact of stock-based        compensation, amortization of intangible assets, the acquisition-related        fair value adjustment to inventory, and acquisition-related costs, was        $0.7 million, or $0.02 per diluted share, compared to non-GAAP net income        of $6.7 million, or $0.23 per diluted share, in the second quarter of        fiscal 2024.       -- Bookings were $9.2 million for the quarter.       -- Backlog as of November 29, 2024 was $12.4 million. Effective backlog,        including bookings since November 29, 2024, is $26.6 million.       -- Total cash, cash equivalents and restricted cash as of November 29, 2024        was $35.2 million, compared to $40.8 million as of August 30, 2024.

Fiscal First Six Months Financial Results:

   -- Net revenue was $26.6 million, compared to $42.1 million in the first six        months of fiscal 2024.       -- GAAP net loss was $(0.4) million, or $(0.01) per diluted share, compared        to GAAP net income of $10.8 million, or $0.36 per diluted share, in the        first six months of fiscal 2024.       -- Non-GAAP net income was $2.8 million, or $0.10 per diluted share, which        excludes the impact of stock-based compensation, amortization of        intangible assets, the acquisition-related fair value adjustment to        inventory, and acquisition-related costs, compared to non-GAAP net income        of $11.9 million, or $0.40 per diluted share, in the first six months of        fiscal 2024.       -- Cash used in operating activities was $3.5 million for the first six        months of fiscal 2025.

   -- Secured the first artificial intelligence (AI) processor customer for        wafer level burn-in, utilizing the new high-power FOX-XPTM solution for        wafer level production test and burn-in of AI processors.       -- Secured the first volume production orders from an AI processor customer        for package part burn-in, utilizing recently acquired Sonoma        ultra-high-power systems for high-volume production test and burn-in of        AI processors.       -- Secured the first gallium nitride (GaN) customer for high-volume        production wafer level burn-in of GaN devices using Aehr FOX-XP platform.

Gayn Erickson, President and CEO of Aehr Test Systems, commented:

"We achieved significant progress on the key objectives we outlined at the start of the fiscal year, most notably expanding our product reach into additional large and fast-growing markets. Market diversification into artificial intelligence (AI) processors, gallium nitride power semiconductors, data storage devices, silicon photonics integrated circuits, and flash memory is driving new opportunities in terms of customers and revenue. This progress includes our wafer level burn-in solutions and also the success we're achieving with the new semiconductor package part test and burn-in product line from the acquisition of Incal Technology we closed last August. The acquisition has led to the acceleration of our market diversification with particular success and leverage expanding our total available market (TAM) in AI processors.

"Last month, we reached a significant milestone by securing our first AI processor customer for wafer level burn-in. This includes initial volume production ordersfor multiple high-power FOX-XP systems and our proprietary WaferPak(TM) Contactors, which enable full wafer contact for testing and burn-in of AI processors in wafer form before system integration. This achievement represents a technological and commercial breakthrough for Aehr, significantly expanding the market potential for our FOX-XP wafer level test and burn-in systems.

"During the quarter, we secured our first production AI processor customer for package part burn-in, receiving initial volume production orders for multiple Sonoma ultra-high-power systems. This customer is a large-scale data center hyperscaler and provides computing power and storage capacity to millions of individuals and organizations worldwide. System shipments have already commenced to their contract manufacturer doing test and burn-in for them in Asia. We see a significant potential to expand our packaged part test and burn-in business with the product line acquired from Incal, and feel we are particularly well positioned to capitalize on opportunities in the rapidly growing AI semiconductor market with the ultra-high power Sonoma product line.We estimate that the combined wafer level and package part reliability test and production burn-in market for AI processors will exceed $100 million annually in the future, and with our comprehensive product portfolio we believe we can capture a meaningful share of this market.

"Last week we announced another exciting milestone with our first gallium nitride (GaN) semiconductor production order. This achievement expands our production wafer level burn-in market for power semiconductors beyond silicon carbide used in electric vehicles, data center power conversion, and solar to now include GaN, a high-performance compound semiconductor optimized for mid-power applications such as data centers, solar energy, automotive systems, and consumer computing. Over the past 12 months, we have collaborated with this lead customer using our FOX-NP system, leading to their purchase of multiple WaferPak reference designs for diverse GaN applications. GaN offers a broader application range than silicon carbide and is poised for significant growth in the coming decade. With an expected compound annual growth rate (CAGR) exceeding 40%, the GaN market is projected to surpass $2 billion in annual device sales by 2029, according to Yole Group's Power SiC/GaN Compound Semiconductor Market Monitor. Additionally, Frost & Sullivan estimates GaN semiconductors will account for over 10% of the worldwide power semiconductor industry by 2028. This transformative technology represents a significant growth opportunity for Aehr's wafer level test and burn-in solutions, positioning us to capitalize on the rapid expansion of the GaN market.

"In addition, we are excited about our opportunity for production burn-in and stabilization of devices used in hard disk drives using our FOX-CP systems and WaferPak Contactors. Our lead customer for this application is ramping this year and has told us that they will purchase multiple production systems from us over the next few quarters to support their planned new product rollout and ramp. This customer, first announced back in 2019 prior to the COVID-19 pandemic, initially purchased our FOX-CP single wafer test and burn-in solution to support the qualification and early test stages of this new product aimed at the enterprise and data center markets. We view the data storage market both for hard disk drives and flashed-based semiconductor solid-state disk drives as significant growth opportunities for our systems. These markets have applications with devices made up of multiple die in complex structures, or in multiple die stacked on top of each other before they are put into higher-level packages or systems. These devices require exceptionally high levels of quality and long-term reliability of the die before they are put into these packages or systems, which aligns perfectly with the capabilities of our wafer level test and burn-in systems.

"Aehr also continues to expand its presence in the silicon carbide power semiconductor market, a critical sector for power conversion for electric vehicle traction inverters, charging infrastructure, and a range of industrial, data center, and infrastructure applications. Based on recent market forecasts, growth in silicon carbide sales outside of China should remain challenging before recovering in calendar 2026. We believe we are well positioned in this market as we have a large customer base and are currently engaged in benchmarking efforts with multiple potential new silicon carbide customers around the globe, including in China. While we remain cautiously optimistic about the opportunities in China, we also recognize the geopolitical, trade, and intellectual property risks associated with this market. Recently, we filed a lawsuit in China against a local supplier for intellectual property infringement. This action relates to features of products by that company targeted at wafer level burn-in of silicon carbide devices that we believe infringe on Aehr's intellectual property and patents granted to Aehr by the Chinese patent office. Our current fiscal year forecast includes contemplated orders and revenue yet to be booked for silicon carbide wafer level burn-in systems and WaferPaks destined for silicon carbide manufacturers in China. It is important to bring this to our shareholders attention, as recent trade-related developments in the U.S. and the emergence of competitive offerings in China that we believe infringe on our intellectual property have heightened the risk associated with bookings and revenue from Chinese customers.

2025-01-13 21:05:00 GMT Aehr Test Systems Reports Fiscal 2025 Second -2-

"As we look at the composition of our total revenue for this fiscal year, silicon carbide is expected to account for less than half our total revenue as we have seen our expansion into additional markets capture real market share gains. AI processors, including wafer level and package parts, could comprise as much as 40% of our total revenue this fiscal year, up from effectively zero revenue last year. GaN, hard disk drives, silicon photonics integrated circuits, and other semiconductor package part revenues will comprise about another 20% of total revenue. We are not pivoting away from silicon carbide but rather are generating growth in these other markets while not seeing the growth in silicon carbide this year like we saw last year. According to recent market research from companies such as Yole, the estimated revenue for silicon carbide semiconductors in 2024 was around $2.5 billion and is expected to reach $10 billion by the end of the decade. To put this into perspective, the semiconductor market is projected to grow from about $600 billion overall in 2024 to over $1 trillion by the end of this decade, so silicon carbide will be about 1% of the overall semiconductor market by 2030.

"Aehr's innovative solutions are poised to capitalize on this growth in the overall semiconductor market by addressing the critical reliability needs of next-generation applications and leveraging key megatrends shaping the semiconductor industry. Reliability has become a critical priority across a wide range of industries, including combustion and electric vehicles, data centers, electrification of the worlds infrastructure, and a wide range of AI applications. Factors such as smaller semiconductor geometries, the increasing adoption of compound and optical semiconductors, and the complexities of ensuring semiconductor reliability ever increasing power and performance of semiconductors and advanced packaging are driving the demand for wafer level and packaged part test and burn-in systems. Aehr's solutions are instrumental in reducing early operational failures and ensuring long-term device performance in these rapidly advancing markets.

"With strong customer engagements, expanding market opportunities, and innovative products designed to meet evolving demands, we are optimistic as we move into the second half of our fiscal year and maintain our previously stated financial guidance for the fiscal year.

"As we've stated before, given the nature of our business with our high ASPs, our quarterly revenue can experience significant variability if system orders anticipated by quarter-end are delayed by even a few days. This was the case in this last quarter, and why we do not provide quarterly guidance. In the case of both our new GaN and wafer level AI customers, both requested pre-built systems that we fully expected to ship to them within the quarter. However, the purchase orders were not finalized until after the quarter ended. Looking past quarterly variations to the full year and beyond, we are excited about the current and emerging market opportunities for our products, which not only position us for a successful fiscal year, but also lay a solid foundation for long-term, sustainable growth in the years ahead."

Fiscal 2025 Financial Guidance:

For the fiscal year ending May 30, 2025, Aehr is reiterating its previously provided guidance for total revenue of at least $70 million and non-GAAP net profit before taxes of at least 10% of revenue.

Management Conference Call and Webcast:

Aehr Test Systems will host a conference call and webcast today at 5:00 p.m. Eastern (2:00 p.m. PT) to discuss its second quarter fiscal 2025 operating results. To access the live call, dial +1 888-506-0062 (US and Canada) or +1 973-528-0011 (International) and give the participant passcode 747530.

In addition, a live and archived webcast of the conference call will be available over the Internet at www.aehr.com in the Investor Relations section and may also be accessed by clicking here. A phone replay of the call will be available approximately two hours following the end of the live call and will remain available for one week. To access the call replay, dial +1 877-481-4010 (US and Canada) or +1 919-882-2331 (International) and enter replay passcode 51776.

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, advanced AI processors, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-P(TM) families of test and burn-in systems and FOX WaferPak(TM) Aligner, FOX WaferPak Contactor, FOX DiePak(R) Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for Artificial Intelligence (AI) semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turn-key provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts, " "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; bookings and revenue forecasted for proprietary WaferPak(TM) and DiePak consumables, as well as the ability to generate bookings and revenue from application of Aehr's solutions in emerging markets; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing; financial guidance for the full fiscal year 2025; and expectations related to long-term demand for Aehr's products, the attractiveness of key markets and the ability for AEHR to successfully enter new markets. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

     Aehr Test Systems           PondelWilkinson, Inc.   Chris Siu                   Todd Kehrli or Jim Byers   Chief Financial Officer     Analyst/Investor Contact   csiu@aehr.com               tkehrli@pondel.com                               jbyers@pondel.com

Financial Tables to Follow

AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

2025-01-13 21:05:00 GMT Aehr Test Systems Reports Fiscal 2025 Second -3-

(Unaudited)

                               Three Months Ended                   Six Months Ended                            -------------------       ------  ----------------------                            November    August     November   November     November                               29,        30,        30,         29,         30,  (In thousands, except  per share data)             2024       2024        2023       2024         2023                            ---------   -------   ----------  ---------   ----------  Revenue:           Product             $  11,985   $12,154   $   19,837  $  24,139   $   39,194        Services                1,468       965        1,594      2,433        2,861                             --------    ------       ------   --------       ------  Total revenue                13,453    13,119       21,431     26,572       42,055  Cost of revenue:           Product                 7,426     5,418        9,707     12,844       19,626        Services                  627       623          766      1,250        1,490                             --------    ------       ------   --------       ------  Total cost of revenue         8,053     6,041       10,473     14,094       21,116                             --------    ------       ------   --------       ------  Gross profit                  5,400     7,078       10,958     12,478       20,939  Operating expenses:           Research and         development            2,276     2,361        1,972      4,637        4,429        Selling, general         and         administrative         4,637     4,558        3,518      9,195        6,927                             --------    ------       ------   --------       ------               Total                operating                expenses        6,913     6,919        5,490     13,832       11,356                             --------    ------       ------   --------       ------  Income (loss) from   operations                  (1,513)      159        5,468     (1,354)       9,583  Interest income, net            228       681          631        909        1,212  Other income (expense),   net                             40       (26)          10         14            4                             --------    ------       ------   --------       ------               Income                (loss)                before                income tax                expense                (benefit)      (1,245)      814        6,109       (431)      10,799  Income tax expense   (benefit)                     (217)      154           20        (63)          36                             --------    ------       ------   --------       ------               Net income                (loss)      $  (1,028)  $   660   $    6,089  $    (368)  $   10,763                             ========    ======       ======   ========       ======       Net income (loss) per   share:                  Basic        $   (0.03)  $  0.02   $     0.21  $   (0.01)  $     0.37               Diluted      $   (0.03)  $  0.02   $     0.20  $   (0.01)  $     0.36  Shares used in per share   calculations:                  Basic           29,659    29,107       28,801     29,383       28,725               Diluted         29,659    29,632       29,769     29,383       29,700

AEHR TEST SYSTEMS

RECONCILIATION OF GAAP TO NON-GAAP RESULTS

(Unaudited)

                                                                        Three Months Ended             Six Months Ended                                                              --------------------------------   ----------------------                                                                 November    August     November    November     November                                                                 29,        30,        30,          29,         30,   (In thousands, except per share data)                        2024       2024        2023        2024         2023                                                              ---------   -------   ----------   ---------   ----------      Reconciliation of GAAP to non-GAAP gross profit      GAAP gross profit                                          $   5,400   $ 7,078   $   10,958   $  12,478   $   20,939        Special items:           a) Stock-based compensation expense                          69        93          101         162          164        b) Acquisition related adjustments                          629         -            -         629            -                                                               --------    ------       ------    --------       ------      Non-GAAP gross profit                                      $   6,098   $ 7,171   $   11,059   $  13,269   $   21,103                                                               ========    ======       ======    ========       ======      Reconciliation of GAAP to non-GAAP operating expenses      GAAP operating expenses                                    $   6,913   $ 6,919   $    5,490   $  13,832   $   11,356        Special items:           a) Stock-based compensation expense                      (1,006)     (777)        (537)     (1,783)        (996)        b) Acquisition related adjustments                            5      (146)           -        (141)           -        c) Acquisition related costs                                (20)     (477)           -        (497)           -                                                               --------    ------       ------    --------       ------      Non-GAAP operating expenses                                $   5,892   $ 5,519   $    4,953   $  11,411   $   10,360                                                               ========    ======       ======    ========       ======      Reconciliation of GAAP to non-GAAP income (loss) from    operations      GAAP income (loss) from operations                         $  (1,513)  $   159   $    5,468   $  (1,354)  $    9,583        Special items:           a) Stock-based compensation expense                       1,075       870          638       1,945        1,160        b) Acquisition related adjustments                          624       146            -         770            -        c) Acquisition related costs                                 20       477            -         497            -                                                               --------    ------       ------    --------       ------      Non-GAAP income from operations                            $     206   $ 1,652   $    6,106   $   1,858   $   10,743                                                               ========    ======       ======    ========       ======      Reconciliation of GAAP to non-GAAP income (loss) before    income tax expense (benefit)      GAAP income (loss) before income tax expense (benefit)     $  (1,245)  $   814   $    6,109   $    (431)  $   10,799        Special items:           a) Stock-based compensation expense                       1,075       870          638       1,945        1,160        b) Acquisition related adjustments                          624       146            -         770            -        c) Acquisition related costs                                 20       477            -         497            -                                                               --------    ------       ------    --------       ------      Non-GAAP income before income tax expense (benefit)        $     474   $ 2,307   $    6,747   $   2,781   $   11,959                                                               ========    ======       ======    ========       ======      Reconciliation of GAAP to non-GAAP net income (loss)      GAAP net income (loss)                                     $  (1,028)  $   660   $    6,089   $    (368)  $   10,763        Special items:           a) Stock-based compensation expense                       1,075       870          638       1,945        1,160        b) Acquisition related adjustments                          624       146            -         770            -        c) Acquisition related costs                                 20       477            -         497            -                                                               --------    ------       ------    --------       ------      Non-GAAP net income                                        $     691   $ 2,153   $    6,727   $   2,844   $   11,923                                                               ========    ======       ======    ========       ======      Reconciliation of GAAP income (loss) per diluted share    to non-GAAP income per diluted share      GAAP income (loss) per diluted share                           (0.03)     0.02         0.20       (0.01)        0.36        Special items:           a) Stock-based compensation expense                        0.03      0.03         0.03        0.06         0.04        b) Acquisition related adjustments                         0.02      0.00            -        0.03            -        c) Acquisition related costs                               0.00      0.02            -        0.02            -                                                               --------    ------       ------    --------       ------      Non-GAAP income per diluted share                               0.02      0.07         0.23        0.10         0.40                                                               ========    ======       ======    ========       ======

a) Represents compensation expense for equity awards granted to employees and directors

b) Represents amortization of intangible assets and fair value adjustment to inventory related to the Company's business acquisition

c) Represents acquisition activity costs

2025-01-13 21:05:00 GMT Aehr Test Systems Reports Fiscal 2025 Second -4-

Non-GAAP measures should not be considered a replacement for GAAP results. The non-GAAP measures indicated above are financial measures the Company uses to evaluate the underlying results and operating performance of the business. The limitation of these measures are that they exclude items that impact the Company's current period GAAP measures. This limitation is best addressed by using these measures in combination with the most directly comparable GAAP financial measures. These measures are not in accordance with GAAP and may differ from non-GAAP methods of accounting and reporting used by other companies.

We believe these measures enhance investors' ability to review the Company's business from the same perspective as the Company's management and facilitate comparisons of this period's results with prior periods.

AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

                                                                             November                                                                             29,      May 31,  (In thousands, except par value)                                          2024        2024                                                                          ---------   --------     ASSETS     Current assets:     Cash and cash equivalents                                               $  32,217   $ 49,159  Accounts receivable                                                         7,333      9,796  Inventories                                                                43,776     37,470  Prepaid expenses and other current assets                                   5,195      1,423                                                                           --------    -------           Total current assets                                                 88,521     97,848  Property and equipment, net                                                 4,306      3,253  Goodwill                                                                   10,742          -  Purchase intangible assets, net                                            11,512          -  Deferred tax assets, net                                                   18,585     20,773  Operating lease right-of-use assets, net                                    6,038      5,734  Other non-current assets                                                    2,576        304                                                                           --------    -------           Total assets                                                      $ 142,280   $127,912                                                                           ========    =======     LIABILITIES AND SHAREHOLDERS' EQUITY     Current liabilities:     Accounts payable                                                        $   4,854   $  5,332  Accrued expenses                                                            5,392      3,366  Operating lease liabilities, short-term                                       858        465  Deferred revenue, short-term                                                  613      1,345                                                                           --------    -------           Total current liabilities                                            11,717     10,508  Operating lease liabilities, long-term                                      5,574      5,732  Deferred revenue, long-term                                                    52         41  Other long-term liabilities                                                 1,756         38                                                                           --------    -------           Total liabilities                                                    19,099     16,319                                                                           --------    -------       Shareholders' equity:     Preferred stock, $0.01 par value: Authorized: 10,000   shares;                  Issued and outstanding: none                                       -          -  Common stock, $0.01 par value: Authorized: 75,000   shares;                  Issued and outstanding: 29,709 shares and 28,995 shares                at November 29, 2024 and May 31, 2024, respectively             297        289  Additional paid-in capital                                                142,593    130,612  Accumulated other comprehensive loss                                         (191)      (158)  Accumulated deficit                                                       (19,518)   (19,150)                                                                           --------    -------        Total shareholders' equity                                          123,181    111,593                                                                           --------    -------           Total liabilities and shareholders' equity                        $ 142,280   $127,912                                                                           ========    =======

AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

                                                                          Six Months Ended                                                                    ----------------------                                                                       November     November                                                                       29,         30,   (In thousands)                                                     2024         2023                                                                    ---------   ----------      Cash flows from operating activities:      Net income (loss)                                                $    (368)  $   10,763   Adjustments to reconcile net income (loss) to net    cash provided by (used in) operating activities:           Stock-based compensation expense                                1,945        1,160        Depreciation and amortization                                     953          283        Deferred income taxes                                             (90)           -        Amortization of operating lease right-of-use assets               506          337        Accretion of investment discount                                    -         (130)        Changes in operating assets and liabilities, net of         acquisition:           Accounts receivable                                             3,718       12,037        Inventories                                                    (3,638)      (9,996)        Prepaid expenses and other current assets                      (2,940)      (2,245)        Accounts payable                                               (1,880)      (5,099)        Accrued expenses                                                    5         (974)        Deferred revenue                                               (1,209)      (2,703)        Operating lease liabilities                                      (478)         (89)        Income taxes payable                                              (17)          12                                                                     --------       ------                  Net cash provided by (used in) operating activities     (3,493)       3,356                                                                     ========       ======        Cash flows from investing activities:           Purchases of property and equipment                              (518)        (440)        Proceeds from maturities of investments                             -       18,000        Payments for business acquisition, net of cash and         cash equivalent acquired                                     (10,615)           -                                                                     --------       ------                  Net cash provided by (used in) investing activities    (11,133)      17,560                                                                     ========       ======        Cash flows from financing activities:           Proceeds from issuance of common stock under employee         plans                                                            831        1,092        Shares repurchased for tax withholdings on vesting         of restricted stock units                                       (343)      (1,460)        Proceeds from issuance of common stock from public         offering, net of issuance costs                                    -          (72)                                                                     --------       ------               Net cash provided provided by (used in) financing                activities                                                488         (440)                                                                     ========       ======        Effect of exchange rate changes on cash, cash equivalents    and restricted cash                                                    (3)         (16)                    Net increase (decrease) in cash, cash equivalents                and restricted cash                                   (14,141)      20,460        Cash, cash equivalents and restricted cash, beginning    of period (1)                                                      49,309       30,204                                                                     --------       ------      Cash, cash equivalents and restricted cash, end of    period (1)                                                      $  35,168   $   50,664                                                                     ========       ======

(1) Includes restricted cash within prepaid expenses and other current assets and other non-current assets.

SOURCE: Aehr Test Systems

View the original press release on accesswire.com

> Dow Jones Newswires

January 13, 2025 16:05 ET (21:05 GMT)

[Elroy] I was planning to buy a lot of AEHR below $10, but never got the chance. Oh wel...

Elroy — 1/7/2025 12:41:38 PM

I was planning to buy a lot of AEHR below $10, but never got the chance. Oh well!

Two nice press releases on product sales have moved it up to about $18.

Dec 16 - Aehr Test Systems Secures Initial $10 Million in Orders for Production Wafer-Level Burn-In of Advanced AI Processors

And the one you posted today.

The Dec 16 press release says.....

We were able to successfully demonstrate the FOX-XP production system to the customer and anticipated this order and first system shipment before the end of our fiscal quarter ended November 30, 2024. Instead, with the order received just now, the systems will all ship within this fiscal quarter ending February 28, 2025.

I wonder if that means the Nov 2024 Q report due next Monday will disappoint on sales, but the Feb 2025 Q report may be well above expectations?

Not sure how it all shakes out in terms of sales finally ramping rapidly, but the shares seem poised to move higher if the sales boost can actually materialize.

My other small cap semi equip picks have done quite well (mainly NVMI), I'm still down on my purchase of AEHR but it's heading back toward my break even level (about $20).

This one feels like if it gets some customer traction it could rocket higher fairly quickly. I don't mind to wait.

[Return to Sender] Aehr Announces Initial FOX-XP Multi-wafer Test and Burn-in Production System O...

Return to Sender — 1/7/2025 12:15:05 PM

Aehr Announces Initial FOX-XP Multi-wafer Test and Burn-in Production System Order from Major Gallium Nitride Power Semiconductor Supplier

finance.yahoo.com

Aehr Test Systems

Tue, January 7, 2025 at 5:30 AM MST 7 min read

FREMONT, CA / ACCESSWIRE / January 7, 2025 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it has received an initial production order from a top tier automotive semiconductor supplier for a FOX-XP™ wafer level test and burn-in system with fully integrated FOX WaferPak™ Aligner for production test of their gallium nitride (GaN) power semiconductor devices. The FOX-XP system with integrated WaferPak Aligner is scheduled to ship immediately.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We have been working closely with this customer for over a year to support their evaluation and qualification process for delivering GaN power semiconductor devices to their customers. We are thrilled to receive this initial production purchase order, signaling their commitment to move forward with volume production wafer level burn-in of their GaN devices on our FOX-XP platform.

"This customer has extensively utilized a FOX-NP system under an evaluation agreement for production qualification and reliability testing of their devices over the past year. As part of the evaluation, they purchased a significant number of our proprietary WaferPak full wafer Contactors to successfully qualify a wide range of GaN device types designed for multiple end use applications including industrial, solar, data center, and automotive markets.

"Our FOX-P platform allows customers using the FOX-NP for device qualification and reliability testing of power semiconductors like GaN and silicon carbide (SiC) to transition seamlessly to the FOX-XP multi-wafer fully automated system, which is capable of testing up to nine wafers in parallel and is specifically designed to handle high-voltage testing and high temperature Gate and Drain stress test requirements. By leveraging our FOX-XP system and our proprietary WaferPak full wafer Contactors, customers can easily test wafers of varying sizes from 6 to 12 inches by simply purchasing new WaferPaks, while utilizing the same FOX-XP system and FOX WaferPak Aligner.

"Like SiC, GaN semiconductor MOSFETs are wide bandgap devices that offer significantly higher power conversion efficiency than silicon. GaN is particularly well suited for lower power applications such as sub-1000-watt power converters (fast chargers) used in consumer electronics like cell phones, tablets, and laptops. Additionally, it is increasingly being adopted for automotive power converters, supporting electrical systems in both electric and traditional gasoline-powered cars, as well as being targeted at data center power applications where power efficiency and delivery are critical to support the massive amount of computing power and data storage being installed over the next decade. Along with the increased usage in automotive and data centers, many industry experts and analysts predict that GaN MOSFETs will eventually replace silicon as the preferred technology for power conversion in photovoltaic (solar panel) applications.

"We view GaN as a transformative and rapidly growing technology in the power semiconductor market. With an anticipated compound annual growth rate of more than 40%, the GaN market is projected to reach $2.5 billion in annual device sales by 2029 according to Yole Group's Power SiC/GaN Compound Semiconductor Market Monitor. In addition, Frost & Sullivan estimates GaN semiconductors will account for over 10% of the worldwide power semiconductor industry by the year 2028. This represents a significant growth opportunity for Aehr's wafer level test and burn-in solutions."

The FOX-XP and FOX-NP systems, available with multiple WaferPak Contactors (full wafer test) or multiple DiePakTM Carriers (singulated die/module test) configurations, are capable of functional test and burn-in/cycling of devices such as silicon carbide and gallium nitride power semiconductors, artificial intelligence processors, silicon photonics as well as other optical devices, 2D and 3D sensors, flash memories, magnetic sensors, microcontrollers, and other leading-edge ICs in either wafer form factor, before they are assembled into single or multi-die stacked packages, or in singulated die or module form factor.

About Aehr Test Systems
Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge artificial intelligence processors, silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for Artificial Intelligence (AI) semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turn-key provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing, including the growth of the markets referred to herein; Aehr's ability to integrate Incal efficiently; the timing and extent to which the acquisition is accretive; the closing of the acquisition; and the growth of the markets referred to herein. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

# # #

Aehr Test Systems
Vernon Rogers
EVP of Sales & Marketing
(510) 623-9400 x215
vrogers@aehr.com

MKR Investor Relations Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
(213) 277-5550
aehr@mkr-group.com

[Return to Sender] Yes, I think you are probably right. Fortunately for us as shareholders guidance...

Return to Sender — 12/16/2024 2:02:33 PM

Yes, I think you are probably right. Fortunately for us as shareholders guidance will be more important than actual earnings this quarter.

RtS

[Elroy] We were able to successfully demonstrate the FOX-XP production system to the cus...

Elroy — 12/16/2024 11:37:47 AM

We were able to successfully demonstrate the FOX-XP production system to the customer and anticipated this order and first system shipment before the end of our fiscal quarter ended November 30, 2024.

I wonder if this is their way of negatively preannouncing Nov Q sales?

AEHR seems like it may take off some day, but when remains unknown. I was hoping to add below $10, but now I'll keep waiting and waiting and waiting.....

[Return to Sender] Aehr Test Systems Secures Initial $10 Million in Orders for Production Wafer-Lev...

Return to Sender — 12/16/2024 9:36:10 AM

Aehr Test Systems Secures Initial $10 Million in Orders for Production Wafer-Level Burn-In of Advanced AI Processors

finance.yahoo.com

Aehr Test Systems

Mon, December 16, 2024 at 5:30 AM MST 7 min read

FREMONT, CA / ACCESSWIRE / December 16, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced a significant milestone with the receipt of its first artificial intelligence (AI) customer order for multiple high-power FOX-XP™ wafer level test and burn-in systems and multiple sets of Aehr Test proprietary WaferPakTM Contactors. These initial volume production orders are valued at over $10 million with the first system scheduled to ship immediately and completion of the shipments of the systems and initial product WaferPaks within 90 days.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We are excited that after successfully proving the wafer level test performance and throughput on our systems at our headquarters in Silicon Valley California, this cutting-edge AI customer has chosen our new high-power FOX-XP solution for production wafer level test and burn-in of their AI processors. We were able to successfully demonstrate the FOX-XP production system to the customer and anticipated this order and first system shipment before the end of our fiscal quarter ended November 30, 2024. Instead, with the order received just now, the systems will all ship within this fiscal quarter ending February 28, 2025.

"This marks a technology and commercial breakthrough for Aehr as it significantly expands the market opportunities for our FOX-XP wafer level test and burn-in systems. This new AI customer recognizes the substantial advantages of conducting production test and burn-in at wafer level, before integration into the final product. This approach offers greater cost efficiency, improved yields, and scales significantly better in the semiconductor manufacturing process compared to the required burn-in testing later in the product manufacturing cycle.

"This latest turnkey solution from Aehr using our FOX-XP multi-wafer test and burn-in system with our proprietary WaferPak full wafer Contactors provides thousands of watts of power delivery and thermal control per wafer. It enables a first ever ability to do a cost-effective production test and burn-in of high-power devices such as AI accelerators at the wafer level with temperatures reaching up to 150 degrees Celsius. This process enables a significant cost saving and yield improvement with the detection and elimination of early life failures during the production process while the devices are still in wafer form, before they are assembled into modules or systems. Our proprietary WaferPaks are designed for high-power applications, providing precise voltage and currents to each device under test. They can deliver thousands of amps of current and cool thousands of watts per wafer while also transmitting the digital signals needed to assess the functionality of both good and bad devices.

"With this solution, we are now able to offer our customers the ability to do production wafer level burn-in of their AI processors and accelerators in addition to our offering of both reliability qualification and production burn-in at package part with our Sonoma ultra-high-power test and burn-in system that we are now shipping in volume to many manufacturers around the world. Aehr Test Systems is the only company in the world that can now offer both wafer level and package level turnkey test and burn-in solutions for these AI processors."

The FOX-XP and FOX-NP systems, available with multiple WaferPak Contactors (full wafer test) or multiple DiePakTM Carriers (singulated die/module test) configurations, are capable of functional test and burn-in/cycling of devices such as artificial intelligence processors and accelerators, silicon carbide and gallium nitride power semiconductors, silicon photonics as well as other optical devices, 2D and 3D sensors, flash memories, magnetic sensors, microcontrollers, and other leading-edge ICs in either wafer form factor before they are assembled into single or multi-die stacked packages, or in singulated die or module form factor.

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge artificial intelligence processors and accelerators, silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for Artificial Intelligence (AI) semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turn-key provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

[Return to Sender] Yeah, I think that this could be the beginning of a long uptrend for AEHR. Now t...

Return to Sender — 12/16/2024 9:32:12 AM

Yeah, I think that this could be the beginning of a long uptrend for AEHR. Now they have proven they have a real market for test and burn in for A.I. processors. GOOGL recently announced a push into silicon photonics which could produce chips that can process at rates that are still impossible to even imagine.

AEHR believes that silicon photonics could be a huge opportunity.

So there is the EV market and now A.I. markets that they are addressing.

Anyway, I am going to post the entire press release from earlier today as these things tend to get awfully hard to find as time goes on. That will be in the next post.

RtS

[Elroy] I've been waiting for this one to hit $9.99 to double down, but may not get ther...

Elroy — 12/16/2024 9:01:01 AM

I've been waiting for this one to hit $9.99 to double down, but may not get there now.....

Aehr Test Systems Secures Initial $10 Million in Orders for Production Wafer-Level Burn-In of Advanced AI Processors

finance.yahoo.com

[Return to Sender] Just posed the question to A.I. Search to see how much competition COHU might be...

Return to Sender — 11/15/2024 1:52:26 PM

Just posed the question to A.I. Search to see how much competition COHU might be for AEHR in Silicon Carbide Test and Burn In and got this answer:

Yes, COHU's Silicon Test and Burn-in system is considered a competitor to AEHR Test Systems, as both companies offer systems specifically designed for testing and burn-in processes of semiconductor devices, including silicon carbide, with a focus on high-power testing and reliability screening capabilities; however, COHU may have a slight edge with its unique carrier concept allowing for higher parallel testing of singulated dies on a single carrier.

COHU does not look like it is doing much better than AEHR right now. The entire sector is selling off... RtS:

[Elroy] Any thoughts on AEHR? I had a long term target of doubling down at $10, and it ...

Elroy — 11/15/2024 1:10:37 PM

Any thoughts on AEHR? I had a long term target of doubling down at $10, and it looks like it's heading in that direction.
Does the Trump election and tariff possibilities potentially mess everything up for AEHR, or is it still a good pick long term (once it's served markets finally accelerate).

And didn't some larger competitor (COHU??) enter AEHR's space? I read something about that, and I thought it would make AEHR pop (since it confirms the desirability of the space), but AEHR went down hard on the news.

Curious if you got any updated views on AEHR with the price heading in the wrong direction - buy, or change your mind????

[Return to Sender] Aehr Test Systems Reports Fiscal 2025 First Quarter Financial Results and Reaffi...

Return to Sender — 10/10/2024 5:57:08 PM

Aehr Test Systems Reports Fiscal 2025 First Quarter Financial Results and Reaffirms Full-Year Guidance

4:21 PM ET 10/10/24 | Dow Jones

FREMONT, CA / ACCESSWIRE / October 10, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced financial results for its first quarter of fiscal 2025 ended August 30, 2024.

Fiscal First Quarter Financial Results:

   -- Net revenue was $13.1 million, compared to $20.6 million in the first        quarter of fiscal 2024.       -- GAAP net income was $0.7 million, or $0.02 per diluted share, compared to        GAAP net income of $4.7 million, or $0.16 per diluted share, in the first        quarter of fiscal 2024.       -- Non-GAAP net income, which excludes the impact of stock-based        compensation, acquisition-related costs, and amortization of intangible        assets, was $2.2 million, or $0.07 per diluted share, compared to        non-GAAP net income of $5.2 million, or $0.18 per diluted share, in the        first quarter of fiscal 2024.       -- Bookings were $16.8 million for the quarter.       -- Backlog as of August 30, 2024 was $16.6 million.       -- Total cash, cash equivalents and restricted cash as of August 30, 2024        were $40.8 million, compared to $49.3 million at May 31, 2024, reflecting        $10.6 million in net cash paid during the quarter for the acquisition of        Incal Technology, Inc.

An explanation of the use of non-GAAP financial measures and a reconciliation of Aehr's non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the accompanying tables.

Gayn Erickson, President and CEO of Aehr Test Systems, commented:

"We finished the first quarter with revenue and non-GAAP net income ahead of consensus estimates and are off to a good start to our fiscal year. Silicon carbide wafer level burn-in test systems and full wafer contactors are poised to be key contributors to revenue again this year. We are also forecasting material bookings and revenue contributions from several other markets this fiscal year, as we are successfully executing on our strategy to expand our test and burn-in products into other large and fast-growing markets such as artificial intelligence processors, gallium nitride power semiconductors, hard disk drive components and flash memory devices.

"We have been seeing a stabilization and increasingly positive discussions within the silicon carbide power semiconductor market over the past quarter. Electric vehicle (EV) suppliers are clearly moving towards silicon carbide in integrated modules, combining silicon carbide MOSFETs into single packages to meet the industry's power, efficiency, and cost-effectiveness demands. Due to the need for extensive test and burn-in of these devices to ensure reliability for mission-critical applications like EVs, the benefits of conducting this screening at the wafer level before integrating them into modules, which may sometimes contain 32 or more other devices, are becoming clear. The process improves yields and reduces costs, driving demand for wafer level burn-in, an area where Aehr Test stands as the low-cost leader and proven solution for this critical testing. We are highly optimistic about our silicon carbide business and expect it to gain momentum over the next few quarters. Our silicon carbide customers are forecasting capacity expansion needs in calendar 2025, with several anticipating purchases of one or two systems in early 2025, followed by production volumes in the second half of the year, and ramping further into 2026.

"Meanwhile, we continue to see strong demand for our FOX WaferPak(TM) full wafer Contactors for silicon carbide, driven by a record number of new device designs started this past quarter. These designs are expected to lead to additional WaferPak purchases for engineering qualification as well to volume production orders as they advance to production. We had another solid quarter for WaferPak sales, generating over $12 million in revenue from WaferPaks in the first quarter.

"We are also making steady progress on our previously announced benchmarks and engagements with new silicon carbide device and module suppliers. We are confident that we will add several new silicon carbide customers this year, establishing our solution as their tool of record for volume production. Additionally, silicon carbide is gaining traction in applications beyond electric vehicles, such as solar, industrial, and data centers, which will expand our addressable markets.

"We are now in negotiations with our first gallium nitride (GaN) semiconductor customer for volume production wafer level test and burn-in of their devices. This past year, this customer purchased a significant number of WaferPaks to successfully qualify a wide range of GaN device types aimed at multiple markets, including consumer, industrial, and automotive. In addition, we have had increased discussions and engagements with multiple potential new GaN suppliers. We believe GaN is a significant up and coming technology for power semiconductors. With a forecasted CAGR of more than 40% to over $2 billion in GaN devices sold annually by 2029, it has the potential to be a significant market opportunity for Aehr's wafer level solutions.

"Last quarter, we announced that an Artificial Intelligence (AI) accelerator company committed to evaluating our FOX(TM) solution for wafer level burn-in of their high-power processors. This evaluation is underway at our Fremont facility, where multiple wafers are being tested using our proprietary WaferPaks and new high-power FOX-XP and NP systems, which provide up to 3500 watts of power delivery and thermal control per wafer. We are delivering over 2000 amperes of current to a single 300 mm wafer, allowing us to burn-in numerous processors with our proprietary test modes. The evaluation is progressing very well, and once we demonstrate successful wafer level test results and throughput, we anticipate they will adopt our high-power FOX-XP systems for production of their next-generation AI processors, beginning this fiscal year.

"During the quarter we announced and completed our acquisition of Incal Technology, Inc. We are excited to bring the combined strengths of both companies to market as we begin engaging with Incal's customers, including many AI industry leaders. Customer feedback to this acquisition has been overwhelmingly positive, with several meetings held over the past few weeks where some customers indicated increased forecasts for engineering qualification as well as for volume production.

"Last month, we were pleased to announce the first volume production orders for Incal's new Sonoma ultra-high-power semiconductor packaged part test and burn-in solution designed for AI accelerators, graphics processors, network processors, and high-performance computing processors. These orders were placed by a large-scale data center hyperscaler that provides computing power and storage capacity to millions of users worldwide. The integration with Incal is progressing well. We have already shipped several systems since the acquisition, and we plan to consolidate personnel and manufacturing into Aehr's Fremont facility by the end of the fiscal year.

"Last quarter, we announced a key customer in the hard disk drive space that is now forecasting a production ramp-up starting this fiscal year for a new high-volume data storage device application. This customer is finalizing their capacity requirements, and we expect this ramp-up to drive orders for multiple FOX-CP production systems and WaferPak Contactors, with shipments likely occurring in the second half of this fiscal year. We see the data storage market, along with various devices supporting the global 5G expansion, as new growth opportunities for our systems, as these markets require devices with exceptionally high levels of quality and long-term reliability.

"With all of these customer engagements, market opportunities, and the products to address them, we are very optimistic about the year ahead, and we are reaffirming our financial guidance for revenue growth and profitability for the year."

Fiscal 2025 Financial Guidance:

For the fiscal year ending May 30, 2025, Aehr is reiterating its previously provided guidance for total revenue of at least $70 million and net profit before taxes of at least 10% of revenue.

Management Conference Call and Webcast:

Aehr Test Systems will host a conference call and webcast today at 5:00 p.m. Eastern (2:00 p.m. PT) to discuss its first quarter fiscal 2025 operating results. To access the live call, dial +1 888-506-0062 (US and Canada) or +1 973-528-0011 (International) and give the participant passcode 511755.

In addition, a live and archived webcast of the conference call will be available over the Internet at www.aehr.com in the Investor Relations section and may also be accessed by clicking here. A phone replay of the conference call will also be available beginning approximately two hours after conclusion of the live call and will remain available for one week. To access the call replay, dial +1 877-481-4010 (US and Canada) or +1 919-882-2331 (International) and enter replay passcode 51262.

About Aehr Test Systems

2024-10-10 20:21:00 GMT Aehr Test Systems Reports Fiscal 2025 First -2-

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-P(TM) families of test and burn-in systems and FOX WaferPak(TM) Aligner, FOX WaferPak Contactor, FOX DiePak(R) Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for Artificial Intelligence (AI) semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turn-key provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts, " "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; bookings and revenue forecasted for proprietary WaferPak(TM) and DiePak consumables, as well as the ability to generate bookings and revenue from application of Aehr's solutions in emerging markets; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing; financial guidance for the full fiscal year 2025; and expectations related to long-term demand for Aehr's products, the attractiveness of key markets and the ability for AEHR to successfully enter new markets. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

     Contacts:    Aehr Test Systems          MKR Investor Relations Inc.  Chris Siu                  Todd Kehrli or Jim Byers  Chief Financial Officer    Analyst/Investor Contact  csiu@aehr.com              (323) 468-2300                             aehr@mkr-group.com

- Financial Tables to Follow -

AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

                                        Three Months Ended                            -------------------------------------                               August 30,    May 31,     August 31,   (In thousands, except   per share data)             2024         2024         2023                            -----------   --------   ------------      Revenue:        Product             $    12,154   $ 15,805   $     19,357        Services                    965        795          1,267                                -------    -------       --------      Total revenue                 13,119     16,600         20,624   Cost of revenue:        Product                   5,418      7,519          9,919        Services                    623        633            724                                -------    -------       --------      Total cost of revenue          6,041      8,152         10,643                                -------    -------       --------      Gross profit                   7,078      8,448          9,981   Operating expenses:        Research and         development              2,361      2,151          2,457        Selling, general         and         administrative           4,558      3,756          3,409                                -------    -------       --------                  Total                operating                expenses          6,919      5,907          5,866                                -------    -------       --------      Income from operations           159      2,541          4,115   Interest income, net             681        592            581   Other expense, net               (26)       (10)            (6)                                -------    -------       --------        Income before         income tax         expense         (benefit)                  814      3,123          4,690   Income tax expense    (benefit)                       154    (20,741)            16                                -------    -------       --------           Net income          $       660   $ 23,864   $      4,674                                =======    =======       ========     Net income per share:        Basic               $      0.02   $   0.82   $       0.16        Diluted             $      0.02   $   0.81   $       0.16   Shares used in per   share calculations:        Basic                    29,107     28,953         28,649        Diluted                  29,632     29,459         29,632

AEHR TEST SYSTEMS

RECONCILIATION OF GAAP TO NON-GAAP RESULTS

(Unaudited)

                                                                     Three Months Ended                                                              ---------------------------                                                                 August              August                                                                30,     May 31,     31,   (In thousands, except per share data)                       2024      2024      2023                                                              -------   -------   -------      Reconciliation of GAAP to non-GAAP gross profit   GAAP gross profit                                          $ 7,078   $ 8,448   $ 9,981        Special items:        a) Stock-based compensation expense                        93       108        63                                                               ------    ------    ------      Non-GAAP gross profit                                      $ 7,171   $ 8,556   $10,044                                                               ======    ======    ======      Reconciliation of GAAP to non-GAAP operating expenses   GAAP operating expenses                                    $ 6,919   $ 5,907   $ 5,866   Special items:        a) Stock-based compensation expense                      (777)     (667)     (459)        b) Acquisition-related costs                             (477)     (107)        -        c) Amortization of intangible assets                     (146)        -         -                                                               ------    ------    ------      Non-GAAP operating expenses                                $ 5,519   $ 5,133   $ 5,407                                                               ======    ======    ======      Reconciliation of GAAP to non-GAAP income from   operations   GAAP income from operations                                $   159   $ 2,541   $ 4,115   Special items:        a) Stock-based compensation expense                       870       775       522        b) Acquisition-related costs                              477       107         -        c) Amortization of intangible assets                      146         -         -                                                               ------    ------    ------      Non-GAAP income from operations                            $ 1,652   $ 3,423   $ 4,637                                                               ======    ======    ======      Reconciliation of GAAP to non-GAAP income before income    tax expense (benefit)   GAAP income before income tax expense (benefit)            $   814   $ 3,123   $ 4,690   Special items:        a) Stock-based compensation expense                       870       775       522

2024-10-10 20:21:00 GMT Aehr Test Systems Reports Fiscal 2025 First -3-

      b) Acquisition-related costs                              477       107         -        c) Amortization of intangible assets                      146         -         -                                                               ------    ------    ------      Non-GAAP income before income tax expense (benefit)        $ 2,307   $ 4,005   $ 5,212                                                               ======    ======    ======      Reconciliation of GAAP to non-GAAP net income   GAAP net income                                            $   660   $23,864   $ 4,674   Special items:        a) Stock-based compensation expense                       870       775       522        b) Acquisition-related costs                              477       107         -        c) Amortization of intangible assets                      146         -         -                                                               ------    ------    ------      Non-GAAP net income                                        $ 2,153   $24,746   $ 5,196                                                               ======    ======    ======      Reconciliation of GAAP earnings per diluted share    to non-GAAP earnings per diluted share   GAAP earnings per diluted share                            $  0.02   $  0.81   $  0.16   Special items:        a) Stock-based compensation expense                      0.03      0.03      0.02        b) Acquisition-related costs                             0.02      0.00         -        c) Amortization of intangible assets                     0.00         -         -                                                               ------    ------    ------      Non-GAAP earnings per diluted share                        $  0.07   $  0.84   $  0.18                                                               ======    ======    ======

a) Represents compensation expense for equity awards granted to employees and directors

b) Represents acquisition activity costs

c) Represents amortization of intangible assets related to the Company's business acquisition

Non-GAAP measures should not be considered a replacement for GAAP results. The non-GAAP measures indicated above are financial measures the Company uses to evaluate the underlying results and operating performance of the business. The limitation of these measures are that they exclude items that impact the Company's current period GAAP measures. This limitation is best addressed by using these measures in combination with the most directly comparable GAAP financial measures. These measures are not in accordance with GAAP and may differ from non-GAAP methods of accounting and reporting used by other companies.

We believe these measures enhance investors' ability to review the Company's business from the same perspective as the Company's management and facilitate comparisons of this period's results with prior periods.

AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

                                                                       August                                                                     30,      May 31,   (In thousands, except par value)                                  2024       2024                                                                   --------   --------      ASSETS   Current assets:   Cash and cash equivalents                                       $ 37,830   $ 49,159   Accounts receivable                                                8,561      9,796   Inventories                                                       42,973     37,470   Prepaid expenses and other current assets                          3,555      1,423                                                                    -------    -------           Total current assets                                         92,919     97,848   Property and equipment, net                                        3,503      3,253   Goodwill                                                          10,353          -   Purchase intangible assets, net                                   11,854          -   Deferred tax assets, net                                          18,351     20,773   Operating lease right-of-use assets, net                           6,325      5,734   Other non-current assets                                           2,557        304                                                                    -------    -------           Total assets                                               $145,862   $127,912                                                                    =======    =======      LIABILITIES AND SHAREHOLDERS' EQUITY   Current liabilities:   Accounts payable                                                $  5,571   $  5,332   Accrued expenses                                                   5,481      3,366   Operating lease liabilities, short-term                              827        465   Deferred revenue, short-term                                       3,541      1,345                                                                    -------    -------           Total current liabilities                                    15,420     10,508   Operating lease liabilities, long-term                             5,878      5,732   Deferred revenue, long-term                                           60         41   Other long-term liabilities                                        2,021         38                                                                    -------    -------           Total liabilities                                            23,379     16,319                                                                    -------    -------     Shareholders' equity:   Preferred stock, $0.01 par value: Authorized: 10,000    shares;        Issued and outstanding: none                                      -          -   Common stock, $0.01 par value: Authorized: 75,000    shares;        Issued and outstanding: 29,584 shares and 28,995 shares         at at August 30, 2024 and May 31, 2024, respectively           295        289   Additional paid-in-capital                                       140,812    130,612   Accumulated other comprehensive loss                                (134)      (158)   Accumulated deficit                                              (18,490)   (19,150)                                                                    -------    -------        Total shareholders' equity                                  122,483    111,593                                                                    -------    -------           Total liabilities and shareholders' equity                 $145,862   $127,912                                                                    =======    =======

AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

                                                                       Three Months Ended                                                                    ------------------                                                                        August    August                                                                      30,        31,   (In thousands)                                                     2024      2023                                                                    --------   -------      Cash flows from operating activities:   Net income                                                       $    660   $ 4,674   Adjustments to reconcile net income to net cash provided    by operating activities:        Stock-based compensation expense                                 870       522        Depreciation and amortization                                    347       138        Deferred income taxes                                            144         -        Accretion of investment discount                                   -      (130)        Amortization of operating lease right-of-use assets              219       172        Changes in operating assets and liabilities, net of         acquisition:        Accounts receivable                                            2,555     3,437        Inventories                                                   (2,880)   (7,704)        Prepaid expenses and other current assets                       (719)       90        Accounts payable                                                (628)     (939)        Accrued expenses                                                 288       355        Deferred revenue                                               1,727     3,294        Operating lease liabilities                                     (205)      (28)        Income taxes payable                                               2        20                                                                     -------    ------                  Net cash provided by operating activities               2,380     3,901                                                                     -------    ------     Cash flows from investing activities:        Purchases of property and equipment                             (197)     (284)        Proceeds from maturities of investments                            -    18,000        Acquisition of business, net of cash acquired                (10,615)        -                                                                     -------    ------                  Net cash provided by (used in) investing activities   (10,812)   17,716                                                                     -------    ------     Cash flows from financing activities:        Proceeds from issuance of common stock under employee         plans                                                            56       318        Shares repurchased for tax withholdings on vesting         of restricted stock units                                      (162)   (1,012)                                                                     -------    ------

2024-10-10 20:21:00 GMT Aehr Test Systems Reports Fiscal 2025 First -4-

             Net cash used in financing activities                    (106)     (694)                                                                     -------    ------     Effect of exchange rate changes on cash, cash equivalents    and restricted cash                                                    9       (22)                                                                     -------    ------                 Net increase (decrease) in cash, cash equivalents                and restricted cash                                   (8,529)   20,901     Cash, cash equivalents and restricted cash, beginning    of period (1)                                                     49,309    30,204                                                                     -------    ------      Cash, cash equivalents and restricted cash, end of    period (1)                                                      $ 40,780   $51,105                                                                     =======    ======

(1) Includes restricted cash within prepaid expenses and other current assets and other non-current assets.

SOURCE: Aehr Test Systems

[Return to Sender] Aehr Secures First Multisystem Orders for Sonoma Ultra-High-Power Systems to S...

Return to Sender — 9/5/2024 12:32:04 PM

Aehr Secures First Multisystem Orders for Sonoma Ultra-High-Power Systems to Support Volume Production Test and Burn-in of AI Processors

finance.yahoo.com

FREMONT, CA / ACCESSWIRE / September 5, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it has received its first multisystem customer orders for its Sonoma ultra-high-power system for volume production test and burn-in of artificial intelligence (AI) processors. This customer is a large-scale data center hyperscaler delivering computing power and storage capacity to millions of individuals and organizations worldwide.

These initial orders are for six Sonoma systems, configured for production testing of ultra-high-power AI devices and include turnkey application-specific burn-in modules with active liquid-based conductive temperature control per device. These systems will ship from Aehr's high-volume production facility in Fremont, California over the next six months.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We're thrilled to have received these initial volume production orders for the Sonoma ultra-high-power semiconductor packaged part test and burn-in system. Sonoma is part of a new product line of ultra-high-power test solutions tailored for AI accelerators, graphics and network processors, and high-performance computing processors. These solutions offer significant technological and commercial advantages over other available solutions, and they are part of the portfolio we gained through our recent acquisition of Incal Technology. The additional capabilities and resources from this combination have been well received as we engage with Incal's customers, many of whom are leaders in the AI industry.

"We see immense potential to expand this business significantly, and this combination positions us strongly to seize opportunities in the rapidly growing AI semiconductor market. Incal's world-class system hardware and software architecture and strong customer loyalty complement Aehr's global sales and support infrastructure and high-volume manufacturing capabilities. We believe we can help our customers quickly meet the growing demand for high-power semiconductors globally. Additionally, Aehr brings R&D expertise, technological innovation, and financial resources to enhance and accelerate the development of new solutions to meet customer needs."

Alberto Salamone, former CEO of Incal and now Executive Vice President of Aehr's package part burn-in business, stated, "We are excited to see the acceptance of the Sonoma ultra-high-power system designed for the production burn-in needs of the AI market. This system allows for full traceability of devices and their electronic serial numbers, and for maximization of efficiency of the load/unload process with no movement of heavy burn-in boards. These factors are crucial in a production environment. We are also ecstatic to be able to serve our customers better from a manufacturing as well as a customer service viewpoint with our new combined infrastructure.

About the Sonoma Ultra-High-Power Production Burn-in System

The Sonoma has advanced testing functionality at the "Device Under Test" (DUT) level for substantially lower cost and high performance using state-of-the-art technology. Features include:

3200 Watts of electrical power available power per Distribution Tray with active liquid cooling and thermal control on up to 4 DUTs per Tray
Up to 22 independent power Distribution Trays for Burn-In-Module (BIM) mounting
Up to 88 Independent controlled Liquid cooled High-Power sites
128 I/O Bidirectional Channels/BIM
32 ADC/BIM for monitoring
Up to 32 Programmable Low-Power supplies/BIM
4 to 8 Programmable core High-Power supplies/BIM
Up to 16 Programmable 200A Core Power supplies per BIM
Reduced footprint of only 50? x 50?
Liquid to Air Cabinet cooling & Liquid to Liquid DUT cooling

About Aehr Test Systems
Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. Acquired through its acquisition of Incal Technology, Inc., Aehr's new line of high-power packaged part reliability/burn-in test solutions for Artificial Intelligence (AI) semiconductor manufacturers, including its ultra-high-power Sonoma family of test solutions for AI accelerators, GPUs, and high-performance computing (HPC) processors, position Aehr within the rapidly growing AI market as a turn-key provider of reliability and testing that span from engineering to high volume production. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing, including the growth of the markets referred to herein; Aehr's ability to integrate Incal efficiently; the timing and extent to which the acquisition is accretive; the closing of the acquisition; and the growth of the markets referred to herein. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

# # #

Aehr Test Systems
Vernon Rogers
EVP of Sales & Marketing
(510) 623-9400 x215
vrogers@aehr.com

MKR Investor Relations Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
(213) 277-5550
aehr@mkr-group.com

SOURCE: Aehr Test Systems

[Return to Sender] Independent Director of Aehr Test Systems Howard Slayen Buys 11% More Shares f...

Return to Sender — 8/11/2024 6:42:57 PM

Independent Director of Aehr Test Systems Howard Slayen Buys 11% More Shares

finance.yahoo.com

Investors who take an interest in Aehr Test Systems, Inc. ( NASDAQ:AEHR) should definitely note that the Independent Director, Howard Slayen, recently paid US$15.50 per share to buy US$310k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 11%.

Check out our latest analysis for Aehr Test Systems

Aehr Test Systems Insider Transactions Over The Last YearNotably, that recent purchase by Howard Slayen is the biggest insider purchase of Aehr Test Systems shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$13.29). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Happily, we note that in the last year insiders paid US$490k for 28.74k shares. But they sold 21.27k shares for US$405k. Overall, Aehr Test Systems insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

[Elroy] Craig-Hallum upgraded Aehr Test Systems to Buy from Hold with a price target of ...

Elroy — 7/18/2024 9:48:47 AM

Craig-Hallum upgraded Aehr Test Systems to Buy from Hold with a price target of $25, up from $12.

These guys are ridiculous. AEHR is $11 for four months, no upgrade. It hits $21, and so they quickly upgrade with a $25 price target.

They missed 75% of their targetted gain.

And the sales in the coming year are forecast to be about the same as the previous year. How is it worth $25 today (forecasting about $70m+ annual sales) while it wasn't a BUY when it was $11 over the preceding quarter (when the 12 months forward outlook was about the same as it is today).

Pathetic!

Anyways, I've got $20 covered calls expiring tomorrow, so I'm rooting for a quick price dip before it runs up to $25.......

[Return to Sender] Craig-Hallum upgraded Aehr Test Systems to Buy from Hold with a price target of ...

Return to Sender — 7/18/2024 8:46:28 AM

Craig-Hallum upgraded Aehr Test Systems to Buy from Hold with a price target of $25, up from $12.

In a report released today, Christian Schwab from Craig-Hallum upgraded Aehr Test Systems ( AEHR – Research Report) to a Buy, with a price target of $25.00.

Christian Schwab has given his Buy rating due to a combination of factors including Aehr Test Systems’ diversifying revenue streams and the long-term growth outlook for Silicon Carbide (SiC). While SiC growth may face short-term challenges, it is expected to pick up momentum from 2025 onwards, with the industry projected to expand significantly. Furthermore, Aehr Test Systems is not solely reliant on SiC, as it has been branching out into other areas, such as working with AI accelerator companies, hard-disk drive manufacturers, and Gallium Nitride (GaN) customers, which could account for a substantial portion of this fiscal year’s revenue.
Additionally, the acquisition of Incal Technology is poised to bolster the company’s revenue, with expected contributions already factored into their financial guidance. This acquisition aligns with Aehr’s strategic expansion and is anticipated to close within 60 days. Schwab’s confidence is reflected in the raised price target of $25, grounded on a 30x multiple of the fiscal year 2026 EPS estimate. The forecast for the company’s revenue in FY25 to exceed $70 million, inclusive of gains from Incal and other diversified sources, further underpins the optimistic stance, indicating a robust revenue base beyond just the core SiC segment.

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Aehr Test Systems (AEHR) Company Description:

Aehr Test Systems engages in the design, manufacture, and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures, and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.

Read More on AEHR:

Disclaimer

Thanks!

Good day to record this AEHR move.

Congratulations!

Please put the ticker in the subject page so we can see what the stock is doing.
Subject 60382
TIA

[Elroy] Well, selling $20 covered calls was smart for an hour!

Elroy — 7/17/2024 11:13:35 AM

[Elroy] Damn, I was going to load up on AEHR if it got to $8.00 (that was my chosen pric...

Elroy — 7/17/2024 9:35:59 AM

Damn, I was going to load up on AEHR if it got to $8.00 (that was my chosen price), but it never did. Shoulda pulled the trigger at $10.

Oh well!

My combined costs basis on my two purchases is $21, so I'm almost back to even.....

I sold some Friday $20 covered calls today, hopefully it closes at $19.99 on Friday. If not, I'll probably let them be called away.
China seems like a big market opportunity for AEHR. Trump's view on US semi equipment sales to China may screw up that story. Seems risky.

[Elroy] Listening now. 75 minutes! Sheesh! This will be about the longest earnings ...

Elroy — 7/17/2024 8:26:35 AM

Listening now. 75 minutes! Sheesh!

This will be about the longest earnings call I've ever listened to.....

[Return to Sender] I do not think the estimates include any potential earnings from the company the...

Return to Sender — 7/16/2024 10:42:48 PM

I do not think the estimates include any potential earnings from the company they are acquiring yet, Elroy.

I listened to the conference call and the projections were supposedly very conservative. Of course Gayn said he thought they were being conservative with estimates last year before they had to lower guidance.

So who knows? You should listen to a play back of the conference call yourself.

The good news is that the company really is moving into more markets and a broader customer base.

That said Silicon Carbide will still be 70% of the business for the foreseeable future. It's the cash cow that is allowing the acquisition and research and development into other market opportunities.

RtS

[Elroy] For the fiscal year ending May 30, 2025, Aehr expects total revenue of at least ...

Elroy — 7/16/2024 8:18:40 PM

For the fiscal year ending May 30, 2025, Aehr expects total revenue of at least $70 million and net profit before taxes of at least 10% of revenue.

They indicated in another release they bought a company with $12m in trailing 12 months sales. Any idea if this $70m forecast excludes that? One would think so, but who knows?

[Return to Sender] Aehr Test Systems to Acquire Incal Technology, Expanding its Addressable Marke...

Return to Sender — 7/16/2024 7:06:46 PM

Aehr Test Systems to Acquire Incal Technology, Expanding its Addressable Market Within the Rapidly Growing AI Semiconductor Market

https://finance.yahoo.com/news/aehr-test-systems-acquire-incal-200700313.html

FREMONT, CA / ACCESSWIRE / July 16, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it entered into a stock purchase agreement to acquire all of the outstanding capital stock of Incal Technology, Inc., a Fremont, California-based, privately held manufacturer of packaged part reliability/burn-in test solutions used by a significant number of leading Artificial Intelligence (AI) semiconductor manufacturers.

The acquisition expands Aehr's product portfolio to include Incal's highly acclaimed test solutions, particularly its ultra-high-power capabilities for AI accelerators, GPUs, and high-performance computing (HPC) processors. AI semiconductors are among the highest power consumption devices in the entire semiconductor industry, with power levels of recent devices reaching 1,000 watts or more, well beyond any existing devices. These previously unseen power levels require new, unique test solutions that Aehr will now provide.

Incals' high-power capabilities, combined with Aehr's industry-leading lineup of wafer level test and reliability solutions, uniquely positions Aehr to capitalize on this rapidly growing opportunity within the AI semiconductor market as a turn-key provider of reliability and testing that span from engineering to high volume production.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "The rapidly growing artificial intelligence semiconductor market is still in the early stages, and we see a significant opportunity in this market for wafer level burn-in using our new high-power FOX multi-wafer production system. In addition, given the unique challenges of testing very high-power devices related to AI processors, there is a very real need for a significant amount of engineering qualification and process development as well as a significant new opportunity for production reliability screening at the packaged part level.

"We believe that Incal's new family of ultra-high-power solutions have significant technological and commercial advantages over other solutions, enabling Aehr to capture an even larger share of the AI semiconductor test market. In addition, Incal is in a unique position with intimate knowledge and working relationships with a significant number of AI industry leaders, providing a front-row seat to the technology needs of these customers. Incal is shipping systems today for use by a broad range of companies and their subcontract manufacturing and test houses for reliability testing for AI, GPU, network, and HPC processors, with many of these companies projecting needs to move to high volume, production level burn-in of these devices.

"Both Aehr and Incal believe there is a tremendous opportunity to grow this business substantially. Incal has world-class system hardware and software architecture and customers that have a high degree of customer loyalty for their products. Aehr brings worldwide sales and support infrastructure as well as high volume manufacturing that together we feel will quickly address customer demand of very high global growth rate of AI and other high-power semiconductors. We also bring R&D resources, technology and processes, and the financial resources to be able to enhance and accelerate new needs that customers may ask for. This unique combination strongly positions Aehr to capitalize on the significant opportunity within the AI semiconductor market."

Alberto Salamone, President and CEO at Incal, stated, "We believe Aehr's manufacturing capabilities and capacity together with their global applications and support resources can immediately benefit Incal's customers and help them accelerate their adoption of our systems and meet their quality/reliability and production burn-in capacity needs. We are thrilled to join the Aehr Test family and combine our unique technology to capitalize on the incredible growth in AI processors and semiconductors worldwide."

Under the terms of the agreement, Aehr will acquire all the outstanding capital stock of Incal Technology, Inc. for a purchase price of $21 million, consisting of $14 million in cash and 552,355 shares of Aehr common stock at $12.673 per share, the average closing price of Aehr stock for the ten (10) trading days ending on the first (1st) trading day immediately preceding the date of the Agreement, payable at closing and subject to certain post-closing adjustments with respect to working capital. For the period ended June 30, 2024, Incal recorded trailing 12-month revenue for test and burn-in systems, consumable burn-in boards and device electrical sockets and accessories of approximately $12 million. Aehr Test expects the acquisition to be immediately accretive. The transaction has been approved by the board of directors of both companies and is not subject to any financing condition. The acquisition is expected to close within the next 60 days.

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing, including the growth of the markets referred to herein; Aehr's ability to integrate Incal efficiently; the timing and extent to which the acquisition is accretive; the closing of the acquisition; and the growth of the markets referred to herein. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Contacts:

Aehr Test Systems
Chris Siu
Chief Financial Officer
csiu@aehr.com

MKR Investor Relations Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
(323) 468-2300
aehr@mkr-group.com

SOURCE: Aehr Test Systems

[Return to Sender] Aehr Receives $12.7 Million in Orders for FOX WaferPak(TM) Full Wafer Contacto...

Return to Sender — 7/16/2024 7:04:59 PM

Aehr Receives $12.7 Million in Orders for FOX WaferPak(TM) Full Wafer Contactors to Support Production of Silicon Carbide Power Devices for Electric Vehicles

finance.yahoo.com

FREMONT, CA / ACCESSWIRE / July 16, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced it has received $12.7 million in orders from one of its silicon carbide test and burn-in customers for multiple sets of WaferPak™ full wafer Contactors to be used for production needs for wafer level burn-in and screening of silicon carbide power semiconductors for the electric vehicle market. These WaferPaks are expected to be delivered over the next three months.

Gayn Erickson, President and CEO of Aehr Test Systems, commented, "We are excited about our continued partnership with this customer and to receive these orders to help them meet their needs for wafer level burn-in and screening of new device designs. Our proprietary WaferPak Contactors are unique to each end customer's device design and grow with the number of device designs and capacity needed for volume production of those devices. As these orders illustrate, as our customers win new designs from their customers or change device designs, wafer patterns or sizes, Aehr secures orders for new WaferPak Contactors to fulfill these design changes. We continue to be very enthusiastic about and actively engaged in the silicon carbide market for electric vehicles, which remains an enormous opportunity for Aehr, and are seeing more and more auto suppliers that are committed to silicon carbide in their electric vehicles."

FOX WaferPak Contactors are used in conjunction with the company's FOX-NP and FOX-XP wafer level test and burn-in systems to contact 100% of the die on a wafer up to several thousand devices at a time. These proprietary WaferPak designs are specific to a customer's application as well as die layout and unique electrical contact pads. Aehr's FOX systems and WaferPaks are currently being used on wafer sizes ranging from 4", 6", 8" and 12" wafers and can be configured for a wide range of device applications.

The FOX-XP and FOX-NP systems and proprietary WaferPaks are capable of functional test and burn-in/cycling of silicon carbide and gallium nitride power semiconductors, silicon photonics integrated circuits as well as other optical devices, 2D and 3D sensors, flash memories, magnetic sensors, microcontrollers, and other leading-edge ICs in either wafer form factor before they are assembled into single or multi-die stacked packages, or in singulated die or module form factor.

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-P™ families of test and burn-in systems and FOX WaferPak™ Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; bookings and revenue forecasted for proprietary WaferPak™ and DiePak consumables, as well as the ability to generate bookings and revenue from application of Aehr's solutions in emerging markets; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing; preliminary financial guidance for the full fiscal year 2024; and expectations related to long-term demand for Aehr's products, the attractiveness of key markets and the ability for AEHR to successfully enter new markets. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

# # #

Contacts:

Aehr Test Systems		MKR Investor Relations Inc.
Vernon Rogers		Todd Kehrli or Jim Byers
EVP of Sales & Marketing		Analyst/Investor Contact
(510) 623-9400 x215		(323) 468-2300
vrogers@aehr.com		aehr@mkr-group.com

SOURCE: Aehr Test Systems

[Return to Sender] Aehr Test Systems Reports Fiscal 2024 Fourth Quarter and Full Year Financial R...

Return to Sender — 7/16/2024 7:02:53 PM

Aehr Test Systems Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results and Provides Fiscal 2025 Full Year Financial Guidance

finance.yahoo.com

FREMONT, CA / ACCESSWIRE / July 16, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced financial results for its fiscal 2024 fourth quarter and full year ended May 31, 2024.

Fiscal Fourth Quarter Financial Results:

Net revenue was $16.6 million, compared to $22.3 million in the fourth quarter of fiscal 2023
GAAP net income was $23.9 million, or $0.81 per diluted share, which includes the impact of a tax benefit resulting from the release of the Company's full income tax valuation allowance of approximately $20.8 million, compared to GAAP net income of $6.1 million, or $0.21 per diluted share, in the fourth quarter of fiscal 2023.
Non-GAAP net income was $24.7 million, or $0.84 per diluted share, which includes the tax benefit and excludes acquisition related costs and the impact of stock-based compensation, compared to non-GAAP net income of $6.8 million, or $0.23 per diluted share, in the fourth quarter of fiscal 2023.
Bookings were $4.0 million for the quarter
Backlog as of May 31, 2024, was $7.3 million. Effective backlog, which includes all orders received since the end of the fourth quarter, is $20.8 million.
Total cash and cash equivalents as of May 31, 2024 were $49.2 million, up from $47.6 million at February 29, 2024

Fiscal Year Financial Results:

Net revenue was a record $66.2 million, compared to $65.0 million in fiscal 2023
GAAP net income was $33.2 million, or $1.12 per diluted share, which includes the impact of a tax benefit resulting from the release of the Company's full income tax valuation allowance of approximately $20.8 million recognized in the fourth quarter, compared to GAAP net income of $14.6 million, or $0.50 per diluted share, in fiscal 2023.
Non-GAAP net income, which includes the tax benefit and excludes acquisition related costs and the impact of stock-based compensation, was $35.8 million, or $1.21 per diluted share, compared to non-GAAP net income of $17.3 million, or $0.59 per diluted share, in fiscal 2023.

An explanation of the use of non-GAAP financial measures and a reconciliation of Aehr's non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the accompanying tables.

Gayn Erickson, President and CEO of Aehr Test Systems, commented:

"Our full-year revenue and net income results exceeded our previously provided guidance and surpassed analyst consensus. Although we saw customer pushouts of silicon carbide devices due to slower electric vehicle (EV) demand in the second half of our fiscal year, we achieved another record year for annual revenue for Aehr.

"Wafer level test and burn-in of silicon carbide power semiconductors used in EVs was a key driver of our business in the last year, and we anticipate silicon carbide will continue to be a key contributor to revenue in the current fiscal year and beyond. To that point, we announced today that we received $12.7 million in orders from one of our silicon carbide test and burn-in customers for FOX WaferPak™ full wafer Contactors to support production of silicon carbide power devices for electric vehicles to be delivered over the next three months.

"The silicon carbide market continues to be an enormous opportunity for Aehr as we see more auto suppliers committed to silicon carbide in their EVs, as well as roadmaps that are based on modules for their electric motor power inverters. By 2030, battery EVs are forecasted to more than triple last year's sales to 30 million or 30% of total vehicles manufactured worldwide.

"We remain actively engaged with a significant number of new silicon carbide device and module suppliers and seek to meet their anticipated capacity coming online beginning in 2025. We are also seeing growing demand for silicon carbide devices beyond the EV market, such as solar, data center, and other industrial applications for power conversion. We believe we are well positioned to continue to grow our business in silicon carbide, and we expect to receive first orders from a significant number of additional silicon carbide customers by the end of this fiscal year.

"We are also seeing traction with several emerging opportunities for our test and burn-in solutions in new target markets and expect bookings and revenue across a much broader range of customers and markets this fiscal year.

"One of the key new market opportunities we are focusing on is the growing demand for Artificial Intelligence (AI) processor test and burn-in at both the wafer level and the packaged part level.

"We are currently working with an AI accelerator company and have secured a commitment from them to evaluate our FOX solution for use in production wafer level burn-in of their high-power processors. Upon successful demonstration of wafer level test results and throughput, we expect they will utilize our new high-power FOX-XP systems for production of their next generation AI processors, starting this fiscal year.

"We also announced today in a separate press release our acquisition of Incal Technology, a manufacturer of highly acclaimed reliability test and burn-in solutions of a wide range of semiconductor devices and markets, with a new product family of ultra-high-power test solutions for AI accelerators, graphics & network processors, and high-performance computing processors. We believe that between wafer level and package part, the reliability test and production burn-in market for AI processors exceeds $100 million annually, and with this combined product portfolio we believe we have the opportunity to capture a meaningful share of the market this fiscal year.

"This past year we announced our first order for a FOX wafer level test and burn-in system for gallium nitride (GaN) devices. While silicon carbide will be the semiconductor material of choice for EV traction inverters, GaN is expected to gain significant penetration in the on-board charging market as well as other automotive, solar, and data center power conversion applications. We are working with several of the GaN market leaders, and received a significant number of WaferPak orders throughout the year for gallium nitride reliability test and qualification. We have now received our first forecasts for wafer level production burn-in systems to be delivered during this fiscal year. We continue to be encouraged by this market and believe it will be significant in market size for semiconductors and has the potential to be a solid market opportunity for Aehr's solutions.

"Within the silicon photonics market, we shipped the first order from a major silicon photonics customer for the new high-power configuration of our FOX-XP system this last fiscal year. This new configuration expands our market opportunity by enabling cost-effective volume production test of wafers of next-generation photonic ICs that are targeted for use in the new optical I/O or co-packaged optics market. Nvidia, AMD, and Intel have all discussed the potential for adding optical chip-to-chip communication for performance improvement and power savings for AI processors and High-Performance Computing chips.

"Looking ahead, we believe Aehr has significant opportunities for growth in fiscal 2025 and beyond with our industry-leading product portfolio, and we look forward to updating you on our progress throughout the year as we seek to capitalize on these exciting new opportunities."

Fiscal 2025 Financial Guidance:

For the fiscal year ending May 30, 2025, Aehr expects total revenue of at least $70 million and net profit before taxes of at least 10% of revenue.

Management Conference Call and Webcast:

Aehr Test Systems will host a conference call and webcast today at 5:00 p.m. Eastern (2:00 p.m. PT) to discuss its fiscal 2024 fourth quarter and full year operating results. To access the live call, dial +1 888-506-0062 (US and Canada) or +1 973-528-0011 (International) and give the participant passcode 196310.

In addition, a live and archived webcast of the conference call will be available over the Internet at www.aehr.com in the Investor Relations section and may also be accessed by clicking here. A phone replay of the conference call will also be available beginning approximately two hours after conclusion of the live call and will remain available for one week. To access the call replay, dial +1 877-481-4010 (US and Canada) or +1 919-882-2331 (International) and enter replay passcode 50772.

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-P™ families of test and burn-in systems and FOX WaferPak™ Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; bookings and revenue forecasted for proprietary WaferPak™ and DiePak consumables, as well as the ability to generate bookings and revenue from application of Aehr's solutions in emerging markets; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing; preliminary financial guidance for the full fiscal year 2024; and expectations related to long-term demand for Aehr's products, the attractiveness of key markets and the ability for AEHR to successfully enter new markets. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Contacts:

Aehr Test Systems		MKR Investor Relations Inc.
Chris Siu		Todd Kehrli or Jim Byers
Chief Financial Officer		Analyst/Investor Contact
csiu@aehr.com		(323) 468-2300
		aehr@mkr-group.com

[Return to Sender] Deferred tax asset valuation allowance example pro.bloombergtax.com In thi...

Return to Sender — 7/10/2024 2:21:31 PM

Deferred tax asset valuation allowance example

pro.bloombergtax.com

In this example, a company began operations in Year 1 and incurred an operating loss in Year 3. Because a net operating loss carryforward gives rise to a deferred tax asset, the question becomes the degree to which this deferred tax asset should be reduced by a valuation allowance (i.e., how much of the deferred tax asset is not considered realizable). The tax rate is 25% for all years and the only temporary differences are taxable temporary differences related to depreciable assets that are subjected to alternative deprecation rates for tax versus book purposes.

The following table shows the company’s pretax accounting income, along with a reconciliation of taxable income for each year. The actual taxes paid in each year are also shown.

The company performed an assessment as of the end of Year 3 and was unable to conclude that it would be profitable again in the future sufficient to ensure utilization of any of the loss carryforward that then existed (other than by offset against “reversals” of taxable temporary differences). If the positive evidence was deemed sufficient to conclude that the net operating loss was more likely than not to be realized, no valuation allowance would be needed.

The depreciation pattern results in a book/tax difference in the underlying basis of the depreciable assets, and accordingly produces taxable temporary differences (and corresponding deferred tax liabilities) as follows:

The net operating loss produces the following deferred tax asset, before considering any valuation allowance:

At the end of Year 3, the $1,200 deferred tax asset can be partially realized by an offset against $450 of deferred tax liabilities, but no more. Therefore, an allowance account of $750 ($1,200 – $450) must be established. By the end of Year 4, the valuation allowance would no longer be needed because the deferred tax liabilities ($625) are again more than the deferred tax assets ($500).

Deferred tax valuation allowance journal entry The bookkeeping implications of the preceding illustration are best understood in the context of the following summary journal entries for each year:

The final financial accounting outcomes from the above are summarized in the following table:

[Elroy] a tax benefit resulting from the release of the Company's full income tax valuat...

Elroy — 7/10/2024 9:26:58 AM

a tax benefit resulting from the release of the Company's full income tax valuation allowance of approximately $20.8 million.

This means in previous quarters they reserved $20.8m too much to pay fiscal 2024 taxes, and they didn't need to pay that $20.8m so they reversed the charge in the current quarter?

Fair enough.

I was waiting for AEHR to get to $8.00 to double down, but it seems like it's probably not going there.

I got no idea whether to expect a return to growth, or more slow doldrums in the near future. If there's one word that sums up AEHR stock, it's "potential". It may have a lot of potential, but I don't understand them or demand in their specific space to know the potential, and have an idea when the shares will reflect that potential.

My current shares are underwater, but I'm optimistic in a few years they may be doing well.

I've had a amazing luck with another semi equip small cap - Nova (NVMI). I'm up about 150% and it just keeps going up with all the positive cap equip news that is flowing. I sold about 30% of my position in that one recently just because I was surprised how well it was doing (it's one of the many stocks I just own in my Roth, and don't pay much attention to). I'm hoping AEHR can catch a tailwind and go chase NVMI higher.

[Return to Sender] Aehr Test Systems Provides Preliminary Financial Results for its Fiscal Fourth...

Return to Sender — 7/10/2024 8:31:39 AM

Aehr Test Systems Provides Preliminary Financial Results for its Fiscal Fourth Quarter and Full Year Ended May 31, 2024 Ahead of CEO Investor Summit

finance.yahoo.com

FREMONT, CA / ACCESSWIRE / July 9, 2024 / Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced select preliminary unaudited financial results for its fiscal 2024 full year ended May 31, 2024, in advance of the Company's participation in the 16th Annual CEO Investor Summit 2024, which will be held Wednesday, July 10th at the St. Regis Hotel in San Francisco, CA.

Fiscal Fourth Quarter 2024 Preliminary Unaudited Revenue and Net Income Results:

Fourth quarter revenue of approximately $16.6 million.
Fourth quarter GAAP net income of approximately $23.8 million, which includes a tax benefit resulting from the release of the Company's full income tax valuation allowance of approximately $20.8 million.

Fiscal 2024 Preliminary Unaudited Revenue and Net Income Results:

Full-year revenue of approximately $66.2 million.
Full-year GAAP net income of approximately $33.1 million, which includes a tax benefit resulting from the release of the Company's full income tax valuation allowance of approximately $20.8 million.

Aehr Test President and CEO Gayn Erickson's Commentary

"Our full-year revenue and net income results exceeded our previously provided guidance of at least $65 million in revenue and $11 million in GAAP net income and surpassed analyst consensus. Although we saw customer push outs of our products for silicon carbide devices due to slowing electric vehicle (EV) demand in the second half of our fiscal year, we still achieved another record year for annual revenue for Aehr. Wafer level test and burn-in of silicon carbide power semiconductors used in EVs were a key driver of our business in the last year and we remain actively engaged with a significant number of new potential silicon carbide device and module suppliers to meet their anticipated capacity needs.

"Looking ahead to fiscal 2025, we anticipate silicon carbide will continue to be a key contributor to revenue, but we are also expecting bookings and revenue across a much broader range of customers and markets. We are seeing traction with emerging opportunities for our wafer level burn-in solutions in new target markets, such as silicon photonics integrated circuits used for optical I/O communication between chipsets and processors, gallium nitride power semiconductors used in data centers and solar power conversion, semiconductors used in hard disk drive magnetic read/write heads, flash memory devices used in solid-state disk drives, and production test and burn-in of artificial intelligence (AI) processors. More details on our fiscal 2024 financial results and guidance for the new fiscal year will be shared during our earnings conference call on July 16, 2024."

Cautionary Statement Regarding Preliminary Results

The foregoing preliminary financial information reflects management's current views with respect to the Company's financial results. These preliminary results remain subject to the completion of normal quarter-end and fiscal-end accounting procedures and closing adjustments. Aehr will release its full financial results for the fiscal 2024 fourth quarter and full year on July 16, 2024 following the close of market. Details on the conference call and webcast to discuss the results have been provided in a press release dated July 2, 2024. No independent registered public accounting firm has reviewed, examined, or performed any procedures with respect to, nor have they expressed any form of assurance on, these preliminary estimated results.

About Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and has installed thousands of systems worldwide. Increasing quality, reliability, safety, and security needs of semiconductors used across multiple applications, including electric vehicles, electric vehicle charging infrastructure, solar and wind power, computing, data and telecommunications infrastructure, and solid-state memory and storage, are driving additional test requirements, incremental capacity needs, and new opportunities for Aehr Test products and solutions. Aehr has developed and introduced several innovative products including the FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX WaferPak Contactor, FOX DiePak® Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a wide range of devices such as leading-edge silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices and the newest addition to the FOX-P product family. The FOX WaferPak Contactor contains a unique full wafer contactor capable of testing wafers up to 300mm that enables IC manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. The FOX DiePak Carrier allows testing, burning in, and stabilization of singulated bare die and modules up to 1024 devices in parallel per DiePak on the FOX-NP and FOX-XP systems up to nine DiePaks at a time. For more information, please visit Aehr Test Systems' website at www.aehr.com.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Aehr's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern Aehr's expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, future requirements and orders of Aehr's new and existing customers; bookings and revenue forecasted for proprietary WaferPakTM and DiePak consumables, as well as the ability to generate bookings and revenue from application of Aehr's solutions in emerging markets; Aehr's ability to receive orders and generate revenue in the future, as well as Aehr's beliefs regarding the factors impacting the foregoing; preliminary financial guidance for the full fiscal year 2024; and expectations related to long-term demand for Aehr's products, the attractiveness of key markets and the ability for AEHR to successfully enter new markets. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Aehr's recent Form 10-K, 10-Q and other reports filed from time to time with the Securities and Exchange Commission. Aehr disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Contacts:

Aehr Test Systems
Chris Siu
Chief Financial Officer
(510) 623-9400 x309

MKR Investor Relations Inc.
Todd Kehrli or Jim Byers
Analyst/Investor Contact
(323) 468-2300
aehr@mkr-group.com

SOURCE: Aehr Test Systems

[Elroy] Anybody got any insights into AEHR? Stock is below $10 now. I want to increase...

Elroy — 6/26/2024 1:27:25 PM

Anybody got any insights into AEHR? Stock is below $10 now.

I want to increase my (losing) position, but now I'm wondering if perhaps it's better to wait ONE MORE QUARTER........

I did think $8.00 was a good price to buy more, but the way the shares are behaving in front of what should be a trough quarter, I'm not sure any more.