Aehr Test Systems Reports Record First Quarter Fiscal 2027 Revenue of $33.0 Million; Raises Full-Year Revenue Outlook to $150 Million, Triple Fiscal 2026 Revenue
Key Highlights
- ➤Revenue $33.0 million, up 200% year over year
- ➤Fiscal 2027 revenue outlook raised to $150 million
- ➤Bookings $46.7 million; book-to-bill ratio approximately 1.4
- ➤Backlog $100.9 million; effective backlog reached $109.3 million
- ➤GAAP net income $7.2 million versus prior-year $2.1 million loss
Expert Statements
Gayn Erickson, President and CEO of Aehr Test Systems
“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.”
Gayn Erickson, President and CEO of Aehr Test Systems
“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 of Aehr Test Systems
“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.”
Gayn Erickson, President and CEO of Aehr Test Systems
“We expect non-GAAP net income of at least 20% of revenue for fiscal year 2027.”
Gayn Erickson, President and CEO of Aehr Test Systems
“Demand for our FOX™ wafer-level burn-in (WLBI) solutions remains strong.”
Gayn Erickson, President and CEO of Aehr Test Systems
“Our lead AI processor WLBI production customer continues to expand capacity, supported by the $22 million follow-on order announced in August 2026.”
Gayn Erickson, President and CEO of Aehr Test Systems
“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 of Aehr Test Systems
“Our Sonoma high-power package-level burn-in (PLBI) business is also expanding rapidly.”
Gayn Erickson, President and CEO of Aehr Test Systems
“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.”
Gayn Erickson, President and CEO of Aehr Test Systems
“Importantly, the customer forecasts that this second processor will ultimately reach higher production volumes than its first.”
Gayn Erickson, President and CEO of Aehr Test Systems
“Another important development is the significant diversification of our customer base.”
Gayn Erickson, President and CEO of Aehr Test Systems
“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 of Aehr Test Systems
“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.”
FREMONT, CA / ACCESS Newswire / November 2, 2026 / Aehr Test Systems (NASDAQ:AEHR), a leading provider of test and burn-in solutions for semiconductor devices used in artificial intelligence (AI), silicon photonics, data center, automotive, and industrial applications, today announced financial results for its first quarter of fiscal 2027 ended September 25, 2026.
Fiscal First Quarter Financial Results: * Record revenue was $33.0 million, up 200% from $11.0 million in the first quarter of fiscal 2026 and 75% sequentially. * GAAP gross margin was 47.5%, and non-GAAP gross margin was 48.5%. * GAAP net income was $7.2 million, or $0.21 per diluted share, compared with a GAAP net loss of $(2.1) million, or $(0.07) per diluted share, in the first quarter of fiscal 2026. * Non-GAAP net income, which excludes stock-based compensation and acquisition-related adjustments, was $9.4 million, or $0.28 per diluted share, compared with non-GAAP net income of $0.2 million, or $0.01 per diluted share, in the first quarter of fiscal 2026. Non-GAAP net income increased approximately 163% sequentially. * Bookings were $46.7 million, representing a book-to-bill ratio of approximately 1.4. * Backlog was $100.9 million as of September 25, 2026. Effective backlog, including bookings received after quarter end, was $109.3 million as of November 1, 2026. * Cash, cash equivalents and restricted cash totaled $105.1 million as of September 25, 2026, compared to $116.5 million as of May 29, 2026. An explanation of the use of non-GAAP financial measures and a reconciliation to the most directly comparable GAAP financial measures are included in the accompanying financial tables.
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