TLDR
- AEHR stock jumps after strong earnings, record bookings, and a $100M backlog.
- Aehr targets major growth through AI processors, photonics, and semiconductors.
- Strong quarterly results boost AEHR as revenue and demand continue improving.
- Aehr projects up to $150M fiscal 2027 revenue with expanding customer demand.
- New AI and silicon carbide orders strengthen Aehr’s long-term growth outlook.
Aehr Test Systems, Inc. (AEHR) shares climbed 25.77% to $90.57 after the company posted stronger quarterly results. The semiconductor testing firm reported higher quarterly revenue, record bookings, and a $100.6 million effective backlog. Aehr outlined expansion plans tied to AI processors, silicon photonics, and power semiconductor markets.
Strong Quarterly Results Support AEHR Stock Movement
Aehr reported fiscal fourth quarter revenue of $18.8 million, up from $14.1 million during the prior year period. The company also delivered GAAP net income of $1.4 million compared with a previous quarterly loss. non-GAAP earnings reached $3.6 million as the company improved operational performance.
Quarterly bookings reached $60.7 million, marking the strongest booking period in Aehr’s history. The company ended the quarter with $80.6 million in backlog. Effective backlog increased to $100.6 million after new orders received after the quarter ended.
Aehr held $116.5 million in cash, cash equivalents, and restricted cash at the end of May 2026. The balance increased from $37.1 million recorded in February 2026. The company entered fiscal 2027 with stronger financial flexibility and higher demand visibility.
AI and Semiconductor Growth Plans Drive Future Outlook
Aehr expects fiscal 2027 revenue to reach between $130 million and $150 million. The forecast represents growth of approximately 160% to 200% compared with fiscal 2026 results. The company expects non-GAAP net income margins between 18% and 22%.
The company continues expanding its wafer-level burn-in solutions for AI processors and advanced semiconductor devices. Aehr completed benchmark testing with a major processor supplier. The results supported further production validation opportunities for high-volume devices.
Aehr also reported stronger demand for package-level burn-in systems from a major data center customer. The customer expanded production orders for Aehr’s Sonoma systems used in semiconductor testing. The company expects this segment to contribute more revenue as production increases.
Silicon Photonics and Power Semiconductor Markets Expand
Aehr continues gaining momentum in silicon photonics as data center networks require faster connections. The company received additional system orders from existing and new customers.Aehr expects optical testing demand to provide long-term growth opportunities.
The company also sees improving conditions in silicon carbide semiconductor markets. Aehr received about $8 million in new orders for silicon carbide wafer contactors recently. Automotive companies are increasing qualification activities for electric vehicle semiconductor systems.
Aehr is also developing solutions for memory applications, including NAND flash and high bandwidth memory. The company works with multiple suppliers to support future production needs. Therefore, Aehr enters fiscal 2027 with broader market exposure and expanding customer programs.
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