Aehr Test Systems (AEHR) stock surged more than 40% in after-hours trading on Tuesday after the semiconductor test equipment maker reported better-than-expected fiscal fourth-quarter earnings and revenue alongside record quarterly bookings of $60.7 million. The company also issued fiscal 2027 revenue guidance of $130 million to $150 million, significantly above the $85.14 million analyst consensus. At the time of writing, AEHR shares were up nearly 29% in after-hours trading after closing the regular session 5.87% higher, with the stock ranking among the top 10 trending tickers on Stocktwits. The earnings beat and raised guidance were driven by strong demand for the company's burn-in equipment, particularly from silicon carbide production customers serving the electric vehicle market.
Aehr Reports Q4 Earnings Above Consensus Estimates
For the fiscal fourth quarter ended in May, Aehr reported revenue of $18.84 million, up from $14.09 million a year earlier and above the $18.69 million consensus estimate, according to Fiscal.ai data. Non-GAAP net income rose to $3.6 million, or $0.11 per diluted share, from a non-GAAP net loss of $0.2 million, or $0.01 per diluted share, a year earlier.
The company said its backlog stood at $80.6 million as of May 29, while its effective backlog, including bookings received after that date, increased to $100.6 million. Cash, cash equivalents, and restricted cash rose to $116.5 million from $37.1 million at the end of the previous quarter.
Company Announces Fiscal 2027 Revenue Guidance and New Orders
Aehr announced it has received more than $8 million in new silicon carbide wafer-level burn-in (WLBI) orders. These include a follow-on order for additional Fox WaferPak full wafer contactors from an existing silicon carbide production customer to support expanded manufacturing capacity for new electric vehicle platforms, particularly those serving the growing China EV market.
Aehr expects fiscal 2027 revenue of $130 million to $150 million, well above the $85.14 million consensus estimate, according to Fiscal.ai. The company's president and CEO Gayn Erickson said Aehr entered fiscal 2027 with a record backlog of more than $100 million, providing substantial visibility into expected revenue growth of approximately 160% to 200% year over year.
Stocktwits Retail Sentiment Turns Extremely Bullish
On Stocktwits, retail sentiment for AEHR improved to 'extremely bullish' from 'neutral' in the past 24 hours, while message volume was 'extremely high' at the time of writing. Over the past seven days, message volume around the stock has risen 43%, while the ticker's watcher base has increased 0.4% in the same period.
One retail trader said Aehr's record bookings and backlog give the company strong visibility into future sales, making its fiscal 2027 revenue forecast appear far stronger than Wall Street had expected. Another trader said AEHR's raised fiscal 2027 guidance was the biggest positive, pointing to the expected "year-over-year growth of 160%-200%."
The AEHR stock has surged by 242% year-to-date.
FAQ
What did Aehr Test Systems report for Q4 earnings?
Aehr Test Systems reported fiscal fourth-quarter revenue of $18.84 million, up from $14.09 million a year earlier and above the $18.69 million consensus estimate. Non-GAAP net income rose to $3.6 million, or $0.11 per diluted share, from a non-GAAP net loss of $0.2 million, or $0.01 per diluted share, a year earlier. The company also announced record quarterly bookings of $60.7 million.
Why did AEHR stock surge in after-hours trading?
AEHR stock surged more than 40% in after-hours trading on Tuesday after the company reported better-than-expected fiscal fourth-quarter earnings and revenue, along with record quarterly bookings of $60.7 million. The company also issued fiscal 2027 revenue guidance of $130 million to $150 million, significantly above the $85.14 million analyst consensus, according to Fiscal.ai.
