Overview
- Aehr reported record fiscal quarter revenue of $33.0 million, a 200% year-over-year increase, and GAAP net income of $7.2 million with a non‑GAAP gross margin of 48.5%.
- Bookings for the quarter totaled $46.7 million and the company reported an effective backlog of $109.3 million, prompting management to set full‑year FY2027 revenue guidance at $150 million.
- The company must convert a sizeable backlog into shipped product to meet guidance, and timing or shipping constraints could affect how much of that backlog becomes revenue this fiscal year.
- Aehr makes wafer‑level and package‑level burn‑in test systems that stress chips with heat and power to reveal weak units early, a process now used in qualifying AI processors for hyperscale data centers.
- Shares moved higher on the results and the report raises two clear watch points for investors: sustaining margins during the production ramp and the business risk from heavy reliance on one large hyperscale customer.