Aehr Test Systems Reports Q1 Fiscal 2026 Results

Aehr Test ( (AEHR) ) has released its Q1 earnings. Here is a breakdown of the information Aehr Test presented to its investors.

Aehr Test Systems is a global provider of semiconductor test and burn-in equipment, catering to various sectors including AI processors, electric vehicles, and telecommunications. The company has established itself as a leader in the semiconductor testing industry with innovative solutions like the FOX-P and Sonoma systems.

In its fiscal 2026 first quarter earnings report, Aehr Test Systems reported a net revenue of $11.0 million, a decrease from $13.1 million in the same quarter of the previous year. Despite the decline in revenue, the company highlighted strong activity in AI and data center-related semiconductor testing, indicating a multi-year market opportunity.

Key financial metrics included a GAAP net loss of $2.1 million, contrasting with a net income of $0.7 million in the prior year. Non-GAAP net income was $0.2 million, down from $2.2 million. The company also reported bookings of $11.4 million and a backlog of $15.5 million, with an effective backlog of $17.5 million. Aehr Test Systems continues to see growth in its AI processor testing segment, driven by its Sonoma system enhancements and strategic partnerships.

The company is optimistic about future growth across its served markets, including silicon photonics and gallium nitride. Aehr Test Systems is focusing on expanding its capabilities in wafer level burn-in and packaged part testing, aiming to meet the increasing demand for high-performance and reliable semiconductor devices.

Looking ahead, Aehr Test Systems anticipates order growth across nearly all its markets, with particular strength expected in silicon carbide. While cautious due to tariff-related uncertainties, the company remains confident in the broad-based growth opportunities in AI and other sectors.