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Aehr Test Systems - AEHR STOCK NEWS

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Aehr Test Systems, headquartered in Fremont, California, is a global leader in providing innovative solutions for the testing and burn-in of semiconductor devices. With an installed base of over 2,500 systems worldwide, Aehr Test Systems specializes in systems tailored for the burn-in and testing of memory and logic integrated circuits. The company’s flagship products include the ABTS, FOX™, and MAX™ systems, along with the DiePak® Carrier.

Among their offerings, the ABTS system performs both low-power and high-power logic tests during burn-in for all common types of memory devices. The FOX system is designed for full wafer contact testing and burn-in, making it highly efficient for both engineering and high-volume production. The MAX system is proficient in burning-in and functionally testing complex devices like DSPs, microprocessors, and SoCs. Lastly, the DiePak carrier allows for cost-effective final tests and burn-in of bare dies.

Aehr Test Systems is meeting the rising demands for high-quality and reliable integrated circuits, driven by the automotive and mobile markets, among others. The company is also expanding its market reach with new opportunities in silicon carbide and gallium nitride power semiconductors. Their latest innovations, such as the FOX WaferPak™ Aligner and FOX-XP™ WaferPak Contactor, underscore their commitment to enhancing test accuracy and efficiency.

Financially, Aehr Test Systems has shown robust growth, with net revenues of $20.6 million in the first quarter of fiscal 2024, reflecting a significant increase from previous years. The company's financial condition is strong, supported by substantial cash reserves and a growing backlog of orders. Aehr Test Systems continues to build strategic partnerships and is actively engaging with new customers to further expand its market presence.

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Aehr Test Systems (AEHR) announced shipping the first order to a major silicon photonics customer for a new high-power configuration of the FOX-XP system. This system enables cost-effective volume production testing of next-gen photonic ICs for the optical I/O market. Gayn Erickson, President and CEO, highlighted the system's compatibility with previous versions, showcasing the company's commitment to innovation.
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Aehr Test Systems (AEHR) secures $23 million in new follow-on orders for its FOX wafer level test and burn-in products. The orders include FOX WaferPak Contactors for current and new device designs, driving additional orders in 2024. The company's unique WaferPak designs cater to specific customer applications, aiding in wafer level stress tests, screening, and burn-in processes. Aehr Test Systems' CEO, Gayn Erickson, highlights the company's industry-leading lead times and capacity to meet customer demands, projecting growth in WaferPak business revenue.
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Aehr Test Systems (AEHR) revises full-year fiscal 2024 revenue guidance to be between $75 million and $85 million, and GAAP net income of between 20% and 25% of revenue. In the second quarter of fiscal 2024, net revenue was $21.4 million, up 45% from the same period in fiscal 2023. GAAP net income was $6.1 million, up 63% year-over-year. Non-GAAP net income was $6.7 million, representing a 49% increase. The company's bookings were $2.2 million for the quarter, and backlog as of November 30, 2023, was $3.0 million. Total cash and cash equivalents were $50.5 million. For the first six months of fiscal 2024, net revenue was $42.1 million, up 65% from the same period in fiscal 2023. GAAP net income was $10.8 million, up 149% year-over-year, and non-GAAP net income was $11.9 million, up 105%. Cash provided by operations was $3.4 million. Aehr Test Systems' President and CEO, Gayn Erickson, commented on the impact of the slowing growth rate of the electric vehicle market on customer orders and the company's decision to reduce revenue expectations for fiscal 2024.
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Aehr Test Systems (AEHR) to Participate in 26th Annual Needham Growth Conference, President and CEO to Discuss Semiconductor Production Solutions with Investors
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Aehr Test Systems (NASDAQ:AEHR) to Report Q2 Fiscal 2024 Financial Results on January 9, 2024
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Aehr Test Systems (NASDAQ:AEHR) has received an initial customer order for a FOX-NP wafer level test and burn-in system and a FOX WaferPak Aligner for gallium nitride (GaN) power devices. The customer is a leading global supplier of semiconductor devices used in electric vehicles and power infrastructure. Aehr's technology provides geolocation information across the wafer and induces early life failures to ensure long-term reliability. The FOX-NP system is 100% compatible with the Aehr FOX-XP system and can support all test modes needed for both gallium nitride and silicon carbide device testing and burn-in, including high-voltage testing of up to 2,000 volts without electrical arcing. Gallium nitride and silicon carbide devices are considered wide bandgap devices with higher efficiencies in power conversion than silicon, making them suitable for various applications, including automotive power converters and photovoltaic (solar panel) applications.
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Aehr Test Systems (NASDAQ:AEHR) President and CEO Gayn Erickson to Participate in 12th Annual NYC Summit Investor Conference
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Aehr Test Systems (NASDAQ:AEHR) announced its participation in the Craig-Hallum 14th Annual Alpha Select Conference on November 16, 2023, where President and CEO Gayn Erickson and CFO Chris Siu will be discussing the company's semiconductor production test and burn-in solutions. Aehr Test provides production solutions for improving quality, reliability, and yield of semiconductors such as silicon carbide devices used in electric vehicles and charging infrastructure, silicon photonics devices used in data centers and 5G infrastructure, and new applications such as optical input/output (I/O) and co-packaged optics devices. The adoption of wafer level test and burn-in of devices is a significant growth driver for Aehr Test.
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Aehr Test Systems will report its Q1 fiscal 2024 financial results on October 5, 2023. Conference call and webcast to discuss the results will be held at 5:00 p.m. ET.
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FAQ

What is the current stock price of Aehr Test Systems (AEHR)?

The current stock price of Aehr Test Systems (AEHR) is $12.16 as of November 22, 2024.

What is the market cap of Aehr Test Systems (AEHR)?

The market cap of Aehr Test Systems (AEHR) is approximately 357.6M.

What does Aehr Test Systems specialize in?

Aehr Test Systems specializes in providing innovative solutions for the testing and burn-in of semiconductor devices, including memory and logic integrated circuits.

What are some of Aehr Test Systems' key products?

Some of the key products include the ABTS, FOX™, and MAX™ systems, along with the DiePak® Carrier.

Where is Aehr Test Systems headquartered?

Aehr Test Systems is headquartered in Fremont, California.

How has Aehr Test Systems performed financially recently?

Aehr Test Systems reported net revenues of $20.6 million in the first quarter of fiscal 2024, reflecting a significant growth compared to previous years.

What industries drive the demand for Aehr Test Systems' products?

The demand is driven by industries such as automotive, mobile, industrial, and power infrastructure markets.

What recent innovations has Aehr Test Systems introduced?

Recent innovations include the FOX WaferPak™ Aligner and FOX-XP™ WaferPak Contactor, designed to enhance test accuracy and efficiency.

What are the applications of the FOX system?

The FOX system is designed for full wafer contact testing and burn-in, suitable for both engineering and high-volume production.

What is the capacity of Aehr Test Systems' installed base?

Aehr Test Systems has an installed base of over 2,500 systems worldwide.

What is the DiePak® Carrier used for?

The DiePak® Carrier is used for cost-effective final tests and burn-in of bare dies.

What future opportunities is Aehr Test Systems exploring?

Aehr Test Systems is exploring opportunities in silicon carbide and gallium nitride power semiconductors and expanding its market reach with new customer engagements.

Aehr Test Systems

Nasdaq:AEHR

AEHR Rankings

AEHR Stock Data

357.64M
27.65M
5.89%
77.38%
21.1%
Semiconductor Equipment & Materials
Instruments for Meas & Testing of Electricity & Elec Signals
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United States of America
FREMONT