Aehr Test Systems: Beat — EPS $0.28, Revenue $33.01M
Earnings BeatQ1 2027 · After-market
Did Aehr Test Systems (AEHR) beat earnings today?
Yes, Aehr Test Systems (AEHR) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+115.38% surprise
$0.28Actual
Expected: $0.13
vs. year ago +2700.0%
Total Revenue+19.89% surprise
$33.01MActual
Expected: $27.53M
vs. year ago +200.0%
Released Nov 02 · 4:05 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $33.01M | $10.97M | +200.0% |
| Net Income | $7.18M | ($2.08M) | - |
| GAAP Basic EPS | $0.22 | -$0.07 | - |
| GAAP Diluted EPS | $0.21 | -$0.07 | - |
| Non-GAAP Net Income | $9.36M | $171.00K | +5372.5% |
| Non-GAAP Diluted EPS | $0.28 | $0.01 | +2700.0% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY27 Outlook | Expected |
|---|---|---|---|
| Revenue | — | $150M (+200% YoY, prev. $130M-$150M) | $136.26MBeat +28.43% |
| Non-GAAP net income | — | ≥20% of revenue | — |
Business Highlights
- ➤FOX wafer-level burn-in demand remained strong.
- ➤Lead AI processor customer expanded capacity, supported by a $22M follow-on order.
- ➤Major AI accelerator, CPU and network processor supplier completed a successful benchmark evaluation.
- ➤Customer selected a fully configured FOX-XP WLBI test cell for a Taiwan OSAT partner.
- ➤FOX-XP installation is planned for early calendar 2027.
- ➤Sonoma systems are shipping and being installed at more than a dozen per month.
- ➤Lead hyperscale customer’s second AI processor completed Sonoma qualification.
- ➤Aehr received follow-on orders for initial production sampling of the second AI processor.
- ➤Customer base opportunity expanded to more than a dozen customers across multiple semiconductor applications.
- ➤Aehr is advancing evaluations with additional AI processor suppliers and hyperscale customers.
Management Commentary
Gayn Erickson, President and CEO
“Our fiscal first quarter results demonstrate the accelerating demand for our AI semiconductor test and burn-in solutions and our ability to execute against expanding customer production requirements. Revenue increased 200% year over year and 75% sequentially to a record $33.0 million, while bookings of $46.7 million exceeded revenue by over 40%, reflecting continued strong demand for our wafer-level and package-level burn-in solutions.”
Gayn Erickson, President and CEO
“Based on our first quarter performance, substantial backlog, and visibility into customer production requirements, we are raising our fiscal 2027 revenue outlook to $150 million, compared with our previous guidance range of $130 million to $150 million. We expect non-GAAP net income of at least 20% of revenue for fiscal year 2027.”
Gayn Erickson, President and CEO
“Demand for our FOX™ wafer-level burn-in (WLBI) solutions remains strong. Our lead AI processor WLBI production customer continues to expand capacity, supported by the $22 million follow-on order announced in August 2026. We have also made significant progress with a major supplier of AI accelerators, CPUs, and network processors that successfully completed a benchmark evaluation last quarter. This customer has decided to purchase a fully configured FOX-XP WLBI test cell for installation at one of its key Outsourced Semiconductor Assembly and Test (OSAT) partners in Taiwan, where the system will be evaluated in a high-volume production environment using the same device that was successfully tested in last quarter's benchmark. Installation is planned for early calendar 2027, with a decision regarding high-volume production anticipated within several months following installation and validation. We believe this customer represents one of the largest potential burn-in system opportunities Aehr has ever pursued, with significant potential across multiple product lines and manufacturing locations.”
Gayn Erickson, President and CEO
“Our Sonoma high-power package-level burn-in (PLBI) business is also expanding rapidly. We are currently shipping and installing more than a dozen systems per month to support our lead hyperscale customer's production ramp for its first AI processor. The same customer's second AI processor has now successfully completed qualification on Sonoma, and we have received follow-on orders to support initial production sampling and an anticipated production ramp in calendar 2027. Importantly, the customer forecasts that this second processor will ultimately reach higher production volumes than its first. We are also advancing evaluations with additional AI processor suppliers and hyperscale customers, creating opportunities for new production programs.”
Gayn Erickson, President and CEO
“Another important development is the significant diversification of our customer base. Historically, we had only a handful of customers with the potential to generate significant production orders. Today, we see that potential across more than a dozen customers spanning AI processors, silicon photonics, silicon carbide, gallium nitride, and other applications.”
Gayn Erickson, President and CEO
“With existing customers expanding production, new AI processor programs advancing toward high-volume production, and an increasingly diversified pipeline of opportunities, we believe Aehr is exceptionally well positioned to capitalize on the growing need for advanced semiconductor test and burn-in solutions over the next several years.”