Aehr Test Systems posts $18.8M Q4 revenue, record $60.7M bookings and $100.6M effective backlog

Aehr Test Systems reported fiscal 2026 fourth-quarter revenue of $18.8 million and GAAP net income of $1.4 million (diluted EPS $0.04), driven by record quarterly bookings of $60.7 million and an effective backlog of $100.6 million. For the full fiscal year the company reported $50.0 million in revenue and a GAAP net loss of $7.1 million (diluted loss per share $0.23). Management provided fiscal 2027 guidance of $130 million to $150 million in revenue and non-GAAP net income of 18%–22% of revenue based on current backlog and expected customer demand.

Financial Highlights

• Revenue (Q4 fiscal 2026): $18.8 million (compared with $14.1 million in Q4 fiscal 2025).
• Gross profit (Q4 fiscal 2026): $8.019 million (GAAP gross profit as reported).
• GAAP net income (Q4 fiscal 2026): $1.4 million; GAAP diluted EPS: $0.04.
• Non-GAAP net income (Q4 fiscal 2026): $3.6 million; non-GAAP diluted EPS: $0.11.
• Full-year cash position (May 29, 2026): cash and cash equivalents $116.5 million; full-year revenue: $50.0 million; full-year GAAP net loss: $7.1 million.

Business Highlights

• Recorded quarterly bookings of $60.7 million and backlog of $80.6 million as of May 29, 2026; effective backlog including subsequent bookings reached $100.6 million.
• Management cited accelerating demand for wafer-level burn-in (WLBI) from AI-related applications and noted a lead AI production customer shifting burn-in from system-level to wafer-level for AI accelerators.
• Successfully completed benchmark testing of WLBI solution with a major supplier of AI accelerators, CPUs and network processors, leading to interest in pilot production validation and evaluation of a second device.
• Package-level burn-in momentum: follow-on production orders for Sonoma systems from a hyperscale customer for high-volume AI processor burn-in; expectation of expanded Sonoma purchases for next-generation devices with higher power per package.
• Silicon photonics and SiC power semiconductor engagement: lead silicon photonics customer ramping WLBI systems; new and expanded WaferPak orders for silicon carbide (approximately $8 million in new WaferPak orders announced); engagements with automotive manufacturers and SiC suppliers for EV programs.

Original SEC Filing:

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