The earnings call highlighted significant achievements in expanding into new markets, particularly AI processors, which accounted for a substantial portion of the revenue. However, there were notable challenges such as a decline in overall revenue and gross margin, as well as tariff-related uncertainties and restructuring costs.

Company Guidance -

Q1 2026

During Aehr Test Systems' fiscal 2025 fourth quarter and full-year earnings call, the company highlighted significant diversification in its revenue streams and provided insights into their market expansion strategy. They reported a notable shift in revenue composition, with silicon carbide wafer level burn-in dropping from over 90% in fiscal 2024 to under 40% in fiscal 2025. Conversely, artificial intelligence (AI) processors, which contributed 0% in the previous year, now accounted for over 35% of their revenue. Aehr Test Systems also emphasized progress in the gallium nitride (GaN) power semiconductors and silicon photonics markets. The company completed the development and shipment of the first-ever wafer level burn-in system for AI processors, marking a major technological advancement. They noted that AI processors require extensive burn-in testing to ensure high reliability, highlighting that the new FOX XP system can test multiple AI processor wafers simultaneously. Despite the challenges posed by tariff uncertainties affecting the timing of orders, Aehr Test Systems is optimistic about continued growth across all market segments, particularly in AI, anticipating further order growth in fiscal 2026.

AI Processor Revenue Surge

AI processors accounted for over 35% of revenue in fiscal 2025, a significant increase from 0% the previous year.

Expansion in New Markets

Significant progress in diversifying into markets such as gallium nitride power semiconductors, data storage devices, and silicon photonics integrated circuits.

Wafer Level Burn-In System Milestone

Completed development, validation, shipment, and customer acceptance of the first-ever wafer level burn-in system for AI processors.

Record Bookings

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

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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.