Aehr Test Systems (AEHR)
NASDAQ:AEHR
Earnings Data
Report Date
Jul 21, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of strong commercial momentum and near-term financial softness. Positive takeaways include a dramatic bookings surge (Q3 $37.2M vs $6.2M in Q2), a record effective backlog ($50.9M), multiple large customer wins across wafer-level AI, silicon photonics, package-level hyperscaler production, and expanded manufacturing capacity (>20 Sonoma/month). These items underpin management's guidance for fiscal '26 revenue to be on the high side of prior guidance and a return to non-GAAP profitability in Q4. Offsetting these positives are a sizable YOY revenue decline (-44% to $10.3M), gross margin contraction (-6.2 percentage points), a non-GAAP net loss in the quarter versus prior-year profit, lumpy timing of large orders, and some technical delays in benchmark evaluations. Overall, the forward-looking bookings, backlog and customer engagements are substantial and suggest meaningful future growth potential, while near-term operational and margin pressures create short-term risk.Company Guidance
Record Bookings and Backlog
Q3 bookings of $37.2M (vs $6.2M in Q2, ~+500%) with book-to-bill >3.5x; quarter-end backlog $38.7M and effective backlog of $50.9M after $12.2M of additional bookings in the first 5 weeks of Q4 (new company record).
Major Wafer-Level AI Production Order
Received a $14M follow-on production order from lead wafer-level AI accelerator customer for multiple FOX-XP wafer-level burn-in systems (nine 300mm wafers parallel configuration) plus WaferPak contactors and auto-aligners, expanding installed base and automation in production.
Silicon Photonics Customer Win and Production Ramp
Won a major new silicon photonics customer with initial order for multiple high-power FOX-XP and FOX-NP wafer-level burn-in systems (engineering qualification and high-volume production); systems scheduled to ship in fiscal Q4 and customer forecasted additional production systems over the next year.
Hyperscaler Package-Level Production Win
Key production win with lead package-level hyperscale customer for next-generation higher-power AI processor using Sonoma systems with initial production order and forecasted substantial expansion of Sonoma purchases beginning H2 calendar 2026 and into 2027.
New Silicon Carbide & GaN Customer Momentum
New silicon carbide customer in Taiwan placed an order for a FOX-XP system; continued progress with lead GaN production customer on wafer-level burn-in for multiple device types across automotive, data center and infrastructure markets.
Capacity Expansion to Support Growth
Began shipping Sonoma systems from contract manufacturers, adding capacity of more than 20 Sonoma systems per month to better support anticipated production ramps.
Improved Cash Position and Financing Activity
Ended Q3 with $37.1M in cash (up from $31.0M in Q2, +19.7%), raised gross proceeds of $10.5M in Q3 via ATM and an additional $19.5M since quarter-end (total $40M utilized under ATM program across ~1.13M shares at average $35.38).
Forward Guidance and Path to Profitability
Company expects full-year fiscal '26 revenue on the high side of prior $45M–$50M guidance, second-half bookings on the high side of $60M–$80M guidance, and a return to non-GAAP profitability in Q4 fiscal '26; full-year non-GAAP net loss per diluted share expected between -$0.13 and -$0.09.
Long-Term Consumables Opportunity
Management reiterates belief consumables (WaferPaks, burn-in boards/modules) should grow to ~30%+ of revenue over time, supporting higher margins as installed base expands.
AEHR Earnings History
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 |
|---|---|---|---|
Apr 07, 2026 | $50.25 | $63.16 | +25.69% |
Jan 08, 2026 | $22.70 | $26.32 | +15.95% |
Oct 06, 2025 | $31.65 | $26.15 | -17.38% |
Jul 08, 2025 | $15.17 | $13.29 | -12.39% |
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.
FAQ
When does Aehr Test Systems (AEHR) report earnings?
Aehr Test Systems (AEHR) is schdueled to report earning on Jul 21, 2026, After Close (Confirmed).
What is Aehr Test Systems (AEHR) earnings time?
Aehr Test Systems (AEHR) earnings time is at Jul 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEHR EPS forecast?
AEHR EPS forecast for the fiscal quarter 2026 (Q4) is -0.01.
