Aehr Test Systems (AEHR) surged approximately 30% in premarket trading to $93.46 following a stellar fourth-quarter performance that significantly outperformed analysts' expectations. The revenue reached $18.84 million, a notable increase from $14.09 million year-on-year, alongside an earnings per share of 11 cents a stark contrast to the anticipated loss of 1 cent.
Record Bookings Highlight Demand Shift
The company's bookings are particularly noteworthy, recorded at $60.7 million for the quarter, escalating from just $11.1 million the year prior. This fivefold increase underlines a solid demand for Aehr’s offerings, including its Sonoma and FOX burn-in systems, WaferPaks, and applications geared towards AI processor testing. The backlog stands at $80.6 million, which, when combined with additional orders that came in after the quarter finished, rises to a record $100.6 million.
Such numbers may indicate a significant pivot from Aehr's traditional markets. Notably, the revenue landscape has changed dramatically; in fiscal 2026, nearly 95% of the revenue now stems from sectors outside of silicon carbide and electric vehicles, with growth fueled by AI processors, silicon photonics, and power semiconductors.
Fiscal 2027 Guidance Exceeds Expectations
Looking ahead, Aehr's guidance for fiscal 2027 sets a revenue target of $130 million to $150 million, a staggering increase of 160% to 200% year-over-year. This is considerably higher than the consensus among analysts, who pegged revenue at about $85.13 million. Such bullish predictions signify not just confidence but also potentially transformative growth for the company in emerging tech sectors.
In summary, Aehr's remarkable performance and ambitious outlook may be setting the stage for a new era of growth. Investors looking for exposure to sectors like AI and silicon photonics would do well to consider the implications of this shift.
This material is for informational purposes only and is not financial advice.
