The earnings call highlights significant growth in new markets, particularly in AI processors, and successful integration of a major acquisition, though it also reflects challenges like revenue decline and tariff-related uncertainties impacting shipments and gross margin.

Company Guidance -

Q1 2026

During the Aehr Test Systems fiscal 2025 fourth quarter and full year conference call, the company discussed significant shifts in their revenue streams and market expansions. For fiscal 2025, revenue totaled $59 million, a decline of 11% year-over-year, with a non-GAAP gross margin of 44%, down from 49.6% in the prior year. AI processor burn-in solutions, which accounted for 0% of revenue last year, now represent over 35% of revenue, showcasing a major focus shift from silicon carbide devices, which decreased from 90% of revenue in fiscal 2024 to less than 40% this year. The company also reported an increase in annual bookings to $61.1 million, up 24% from the previous year, with a backlog of $15.2 million at year-end. Aehr Test Systems highlighted its strategic diversification into markets such as artificial intelligence processors, gallium nitride semiconductors, and silicon photonics, aiming to drive future growth and profitability. Despite the positive outlook, the company is withholding specific fiscal 2026 guidance due to ongoing tariff-related uncertainties.

AI Processor Revenue Surge

The burn-in of artificial intelligence processors represented 0% of revenue last year but accounted for over 35% of revenue this fiscal year.

Diversification of Market and Revenue

Aehr Test Systems expanded into key markets including AI processors, gallium nitride semiconductors, and silicon photonics, significantly diversifying revenue streams.

Successful Integration of InCal Acquisition

The integration of InCal was completed ahead of schedule, reducing facility costs by over $800,000 annually.

Significant Bookings Increase

Annual bookings in fiscal 2025 were $61.1 million, up over 24% compared to $49 million in the prior fiscal year.

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
Oct 02, 2025	2026 (Q1)	<0.01 / -	0.07	―	―	―
Jul 08, 2025	2025 (Q4)	-0.02 / -0.01	0.47	-102.13% (-0.48)	―
Apr 08, 2025	2025 (Q3)	0.04 / 0.07	-0.03	333.33% (+0.10)	―
Jan 13, 2025	2025 (Q2)	0.03 / 0.02	0.23	-91.30% (-0.21)	―
Oct 10, 2024	2025 (Q1)	0.02 / 0.07	0.18	-61.11% (-0.11)	―
Jul 16, 2024	2024 (Q4)	0.10 / 0.47	0.23	104.35% (+0.24)	―
Apr 09, 2024	2024 (Q3)	-0.03 / -0.03	0.16	-118.75% (-0.19)	―
Jan 09, 2024	2024 (Q2)	0.21 / 0.23	0.16	43.75% (+0.07)	―
Oct 05, 2023	2024 (Q1)	0.16 / 0.18	0.05	260.00% (+0.13)	―
Jul 13, 2023	2023 (Q4)	0.21 / 0.23	0.23	0.00% (0.00)	―

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

AEHR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 08, 2025	$15.17	$13.29	-12.39%
Apr 08, 2025	$6.78	$8.76	+29.20%
Jan 13, 2025	$15.99	$11.66	-27.08%
Oct 10, 2024	$13.32	$16.02	+20.27%

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.