Aehr Test Systems (AEHR)
Why Aehr Test Systems Stock Is Up Big Today
Aehr reported a better-than-expected fiscal fourth quarter. Revenue was down 25% year over year due to sluggish demand for electric vehicle chips.
Aehr Test Systems Stock Soars on Artificial Intelligence (AI) Acquisition and Better-Than-Expected Annual Guidance
The company guided for fiscal year 2025 revenue of at least $70 million, topping Wall Street's estimate of $67.9 million. Its quarterly revenue and earnings also beat analysts' expectations.
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Aehr Test Systems (AEHR) Q4 2024 Earnings Call Transcript
Aehr Test Systems (NASDAQ:AEHR ) Q4 2024 Earnings Conference Call July 16, 2024 5:00 PM ET Company Participants Jim Byers - IR, MKR Investor Relations Inc. Gayn Erickson - President and CEO Chris Siu - CFO Conference Call Participants Christian Schwab - Craig-Hallum Capital Group Jed Dorsheimer - William Blair Jon Gruber - Gruber & McBaine Matt Winthrop - Equitable Tom Diffely - D.A. Davidson Shahar Cohen - Lucid Capital Larry Chlebina - Chlebina Capital Operator Greetings.
Aehr Test Systems to Acquire Incal Technology, Expanding its Addressable Market Within the Rapidly Growing AI Semiconductor Market
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.
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
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.
Aehr Test Systems Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results and Provides Fiscal 2025 Full Year Financial Guidance
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.
Here's Why Shares in Aehr Test Systems Soared This Week
The relative improvement in sales may signal a stabilization in the silicon carbide market. Aehr Test Systems is broadening its customer base and targeted end markets, and it's not yet clear where the better-than-expected sales are coming from.
Aehr Test Systems (AEHR) Surges 24.0%: Is This an Indication of Further Gains?
Aehr Test Systems (AEHR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Is Aehr Test Systems a Potential AI Winner?
Aehr Test Systems provided preliminary financial results better than expected thanks to potential new markets.
Why Aehr Test Systems Stock Is Soaring Higher Today
Aehr provided upside preliminary results for its fiscal fourth quarter that surprised investors. The company still faces headwinds, but a bottom might be in.
Aehr Test Systems: The Stock Has Bottomed
Aehr Test Systems: The Stock Has Bottomed
