The call highlighted significant progress in expanding into new markets such as AI processors and gallium nitride, indicating potential future growth. However, there were notable challenges, including a decline in revenue and gross margin, as well as legal and market risks in China. The strong bookings and backlog provide some optimism, but the overall sentiment is moderated by current market challenges.

Company Guidance

During the Aehr Test Systems Q2 2025 earnings call, the management provided several key metrics and guidance that highlight the company's progress and future outlook. Aehr reported second-quarter revenue of $13.5 million, a 37% decline from $21.4 million in Q2 last year, largely due to softness in the silicon carbide-powered semiconductor market. However, the company achieved significant milestones, such as securing their first AI processor customer for wafer-level burn-in and receiving initial volume production orders for Sonoma ultra-high-power systems from a large-scale data center hyperscaler. The backlog at the end of the quarter was $12.4 million, with an additional $14.2 million in bookings in the first six weeks of the third quarter, raising the effective backlog to $26.6 million. Despite a decline in gross margins to 45.3% from 51.6% last year due to product mix, Aehr reaffirmed its fiscal 2025 revenue guidance of at least $70 million, with non-GAAP net profit before taxes of no less than 10% of revenue. The company remains optimistic about its growth prospects, driven by market diversification into AI processors, gallium nitride power semiconductors, and other sectors.

AI Processor Market Entry

Secured first AI processor customer for wafer-level burn-in using the high-power FOX-XP solution, marking a significant technological and commercial breakthrough for Aehr.

Expansion into Gallium Nitride Market

Received initial production purchase order from a leading automotive semiconductor supplier for gallium nitride devices, marking entry into a new high-growth market.

Silicon Photonics Developments

Progress in silicon photonics with a high-power FOX-XP system, enabling testing of over 8,000 devices in parallel, indicating strong market potential for chip-to-chip communication.

Significant Bookings and Backlog

Effective backlog reached $26.6 million, driven by new AI processor customers and additional bookings in the third quarter.

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Aehr Test Systems (AEHR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AEHR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 19, 2018	2018 (Q4)	- / 0.02	-0.03	166.67% (+0.05)	―	―
Sep 27, 2018	2019 (Q1)	- / -0.06	0.01	-700.00% (-0.07)	―	―
Jan 10, 2019	2019 (Q2)	- / -0.03	0.016	-287.50% (-0.05)	―	―
Apr 04, 2019	2019 (Q3)	- / -0.07	0.02	-450.00% (-0.09)	―	―
Jul 18, 2019	2019 (Q4)	- / 0.02	0.02	0.00% (0.00)	―	―
Oct 03, 2019	2020 (Q1)	- / -0.01	-0.06	83.33% (+0.05)	―	―
Jan 09, 2020	2020 (Q2)	- / 0.02	-0.03	166.67% (+0.05)	―	―
Apr 02, 2020	2020 (Q3)	- / 0.02	-0.07	128.57% (+0.09)	―	―
Jul 16, 2020	2020 (Q4)	- / -0.03	0.02	-250.00% (-0.05)	―	―
Sep 24, 2020	2021 (Q1)	- / -0.09	-0.01	-800.00% (-0.08)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AEHR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 13, 2025	$15.99	$11.66	-27.08%
Oct 10, 2024	$13.32	$16.02	+20.27%
Jul 16, 2024	$16.84	$20.61	+22.39%
Apr 09, 2024	$11.78	$11.53	-2.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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