Shares of Aehr Test Systems (NASDAQ: AEHR) fell over 12% in pre-market trading after the supplier of semiconductor test and production burn-in equipment reported adjusted earnings of $0.18 per diluted share in Fiscal Q1, falling short of analysts’ estimates of $0.23 per share. The company’s net revenues soared 93% year-over-year to $20.6 million, up 93% from $10.7 million.
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Looking forward, management reiterated its FY24 guidance for total revenues to be at least $100 million, indicating a growth of 50% year-over-year, and net income of at least $28 million, indicating earnings growth of more than 90%.
Is Aehr Test Systems a Buy or Sell?
Only one analyst has covered the AEHR stock in the past three months and has a Buy rating.