Aehr Test Systems Reports Record Fiscal Q1 Revenue Growth Driven by AI Demand
Aehr Test Systems (AEHR) reported record fiscal first-quarter revenue of $33.0 million, representing a 200% increase year-over-year and a 75% increase from the previous quarter. The company's profitability improved significantly as operating costs remained flat while sales surged, resulting in a GAAP net income of $7.2 million compared to a loss in the prior year. Demand remains robust with bookings reaching $46.7 million, maintaining a book-to-bill ratio of 1.4 and pushing the backlog past $100 million. While revenue growth is strong, cash reserves decreased by approximately $11 million since May as the company invests in inventory and systems to fulfill growing orders. The company raised its fiscal 2027 revenue outlook to a range of $130 million to $150 million.
Tickers: $AEHR