Aehr Test Systems transformed from an EV silicon carbide supplier into an AI infrastructure company, with AI processors and silicon photonics generating 91% of revenue. Fourth-quarter bookings surged to a record $60.7 million, lifting effective backlog to approximately $100.6 million and supporting 160%-200% FY2027 revenue growth. Wafer-level burn-in is becoming increasingly critical as larger AI processors integrate HBM memory and chiplets, reducing costly packaging failures.
STT, AEHR and NBIS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 20, 2026.
Here is how Aehr Test Systems (AEHR) and Cisco Systems (CSCO) have performed compared to their sector so far this year.
KTTA, NTRS, YEXT, AEHR and STT have been added to the Zacks Rank #1 (Strong Buy) List on July 20, 2026.
Aehr Test Systems, Inc. has shifted its narrative from an EV supplier to a diversified AI-driven growth story. FY27 guidance projects 160–200% revenue growth, driven by AI accelerators, CPUs, and network processors, but customer concentration remains a risk. AEHR stock's valuation is high at ~18x FY27 revenue and ~45x gross profit, yet comparable to other AI winners if growth persists.
As AI stocks swing up and down, one name that has felt those movements as much as any is Aehr Test Systems NASDAQ: AEHR. This small stock has risen about 320% in 2026, and sits at a market capitalization of $2.7 billion in mid-July.
I am initiating Aehr Test Systems, Inc. with a Buy rating and a $144 price target, implying 50% upside from $96. The biggest driver is AI burn-in, where the $41 million hyperscale customer order supports my view that AEHR's Sonoma platform is moving from validation into real production demand. I have estimated about $1.0 in incremental EPS contribution, and using a 144x forward non-GAAP P/E multiple gives me a $144 price target, representing about 50% upside.
Aehr Test Systems (AEHR) is exploding higher on July 15 after posting blowout Q4 earnings and offering an absolute stunner of a forward guidance. In fiscal 2027, the company expects its revenue to come in at $140 million, nearly triple the topline figure last year and miles above the consensus set at $85 million only.
Aehr Test Systems (NASDAQ:AEHR) shares jumped 30% after the semiconductor test and burn-in equipment provider reported fiscal fourth-quarter results that exceeded Wall Street expectations and provided a stronger-than-anticipated revenue outlook for fiscal 2027. The company posted adjusted earnings of $0.11 per diluted share for the quarter ended May 29, 2026, compared with analyst expectations for a loss of $0.01 per share.
AEHR beat fiscal Q4 estimates as AI and data-center demand drives 33.7% revenue growth, record bookings, and margin expansion.
Aehr Test Systems targets $130M-$150M in fiscal 2027 revenues as AI processors, silicon photonics and record backlog fuel a major ramp.
Aehr Test Systems (NASDAQ:AEHR) is scaling the Nasdaq today, last seen up 44% to trade at $100.82.