Aehr Test Systems misses Q4 revenue estimates

Overview

• Aehr Test Systems reports fiscal Q4 net revenue of $14.1 mln, missing expectations, per LSEG data

• Co expands into AI processors and gallium nitride (GaN) semiconductors for future growth

• Maintains "cautious approach" due to tariff-related uncertainty

Outlook

• Co anticipates order growth across all segments with possible exception of silicon carbide

• Aehr Test Systems maintains cautious approach due to tariff-related uncertainty, per President and CEO Gayn Erickson

• Company sees significant growth opportunities in AI and GaN markets

• Aehr Test Systems not reinstating specific guidance beyond stated expectations

Result Drivers

• AI PROCESSORS EXPANSION - Co launched first production wafer level burn-in system for AI processors, attracting interest from leading processor companies

• GAN SEMICONDUCTORS - Secured first production order for GaN devices, highlighting growing adoption and future opportunities

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for Aehr Test Systems is $12.75, about 16.2% below its July 7 closing price of $14.82

• The stock recently traded at 80 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nACS5L5pZa