Aehr Test Systems burn-in machine in a cleanroom, highlighting AI ASIC reliability testing and new Sonoma orders. Key Points Aehr Test Systems just saw its shares post another big up-move, as the small company put out a promising new press release. The firm is now providing testing systems for not one, but two chips developed by a leading hyperscaler. While the company sees potential for orders to expand greatly, one key insider is selling the stock. Interested in Aehr Test Systems? Here are five stoc ...

Core Insights - Aehr Test Systems (NASDAQ: AEHR) is a semiconductor company with a market capitalization of $1.04 billion, known for its innovative testing solutions [1] - Recently, director Rhea J. Posedel sold 13,998 shares at $30.02 each, retaining 456,979 shares [1] - There has been a significant increase in options trading for AEHR, with a reported 88% rise in call options acquired [2] Stock Performance - AEHR's stock price increased by 26.2%, opening at $33.85, following the surge in options trading [2] - The stock has shown volatility, with a beta of 2.31, and has fluctuated between a low of $6.27 and a high of $37.49 over the past year [3] - Currently, AEHR's stock is priced at $28.84, reflecting a 3.41% increase during the day, with intraday fluctuations between $27.60 and $30.30 [4] Financial Performance - In the latest earnings report, AEHR reported a loss of $0.04 per share, which was better than the expected loss of $0.08 [4] - The company's revenue of $9.88 million fell short of the analyst estimate of $11.45 million [4] - AEHR has a negative P/E ratio of -112.83, indicating challenges in profitability [3][5]

Core Viewpoint - Aehr Test Systems, Inc. (AEHR) experienced a significant stock price increase of 29.45 percent, attributed to a strategic production win related to a next-generation AI processor for data center applications [1]. Group 1: Stock Performance - The stock price rose from a previous close of $26.83 to $34.26, with an opening price of $31.75 and a trading range between $31.70 and $37.20 during the session on Nasdaq [2]. - Trading volume reached approximately 1.19 million shares, surpassing the average volume of 0.88 million shares [2]. - Aehr Test Systems shares have fluctuated within a 52-week range of $6.27 to $37.20 [2]. Group 2: Strategic Developments - The company received an initial production purchase order from its lead production customer for package-level burn-in of a higher-power AI processor [3]. - The order includes multiple Aehr Sonoma ultra-high-power package-level test and burn-in systems, along with turnkey burn-in modules and device-specific sockets [3]. - Delivery of the systems is scheduled for summer 2026 [3].

FREMONT, CA / ACCESS Newswire / February 11, 2026 / Aehr Test Systems (NASDAQ:AEHR), a leading provider of test and burn-in solutions for semiconductor devices used in artificial intelligence (AI), data center, automotive, and industrial applications, today announced a key strategic win with an initial production purchase order from its lead production customer for package-level burn-in of the customer's next-generation. significantly higher-power AI processor used in data center training and inference appl ...

Group 1: Market Sentiment and Stock Performance - Aehr Test Systems' stock has become a proxy for market sentiment regarding AI infrastructure spending, rising over 13% recently due to positive market feelings [1] - The company is expected to see significant order growth in the second half of its financial year, driven by demand from AI processor and semiconductor customers [5] Group 2: Major Players in AI Sector - Amazon and Alphabet are making substantial capital investments in AI, with Alphabet planning to spend $175 billion to $185 billion in 2026 after $91.5 billion in 2025, and Amazon planning to spend $200 billion in 2026 after $131 billion in 2025, primarily in AWS [2] - These large spending commitments indicate a significant growth in Aehr's total addressable market, especially with a potential recovery in electric vehicle spending [6] Group 3: Investment Considerations - Aehr Test Systems was not included in a list of the 10 best stocks to buy right now, as identified by the Motley Fool Stock Advisor analyst team, which suggests caution for potential investors [7]

Core Viewpoint - Aehr Test Systems is participating in the Oppenheimer 11th Annual Emerging Growth Conference, highlighting its role in the semiconductor testing industry [1] Company Summary - Aehr Test Systems is a leading provider of test and burn-in solutions specifically for semiconductor devices [1] - The company focuses on applications in artificial intelligence (AI), data centers, automotive, and industrial sectors [1] Event Participation - The conference will be held virtually on February 3-4, 2026 [1] - Aehr Test CEO Gayn Erickson and CFO Chris Siu will host virtual meetings with investors on February 3rd [1]

Core Viewpoint - Aehr Test Systems (NASDAQ: AEHR) has experienced a significant stock increase of 44% year-to-date as of January 20, 2026, driven by mixed earnings signals and strong AI orders [2] Financial Performance - For Q2 fiscal 2026, Aehr reported revenues of $9.9 million, a decline of 27% year-over-year and below the analyst forecast of $11.5 million [3] - The adjusted loss per share was better than expected at a loss of 4 cents, compared to an estimated loss of 8 cents [4] - The adjusted net loss was $1.3 million, down from a net income of approximately $700,000 the previous year [4] Future Projections - Aehr's management provided optimistic guidance, expecting combined revenues of $25 million to $30 million over the next two quarters, compared to $32.3 million in the latter half of fiscal 2025 [5] - The company anticipates bookings of $60 million to $80 million during this period, which could translate into significant revenue for fiscal 2027 [5] - Total revenue for fiscal 2026 is projected to be between $46 million and $51 million, indicating a potential recovery driven by growth in the AI market [6] Market Context - Despite challenges in the EV market impacting sales, Aehr is witnessing strong momentum in AI-driven demand, positioning the company for growth [7] - The stock's outlook is clouded by uncertainty and high valuation, despite the large opportunity in the AI sector [7]

Summary of Aehr Test Systems FY Conference Call Company Overview - **Company**: Aehr Test Systems (NasdaqCM: AEHR) - **Industry**: Semiconductor Testing - **Focus**: Reliability and burn-in testing for semiconductor devices, particularly in the context of data centers and AI processors [1][2] Key Points and Arguments Business Operations - Aehr Test Systems has been in the semiconductor test business for nearly 50 years, specializing in reliability and burn-in testing [1] - The company offers both package-level and wafer-level burn-in systems, with a unique capability in wafer-level testing [2] - The company has a large facility in Fremont, California, which serves as the final assembly and testing site for its products [2] Market Demand and Capacity - Aehr can ship upwards of 20 systems per month for both wafer-level and package-level burn-in, indicating significant production capacity [3] - The installed base includes major players in AI processors, automotive, and data centers, contributing to a growing market demand [4] - The company has seen a shift in revenue sources, moving from over 90% reliance on silicon carbide to new markets such as AI processors and memory technologies [18] Financial Projections - The company anticipates a significant increase in bookings from approximately $20 million in the first half to between $60 and $80 million in the second half of the fiscal year [12] - The average selling price (ASP) for systems is estimated to be between $5 million and $6 million each, which could lead to substantial revenue growth [8] Technological Advancements - Aehr has introduced full automation in its Sonoma system, reducing overhead time between burn-in cycles to just two minutes [13] - The company has developed proprietary technologies, including patented wafer packs, which enhance the efficiency and effectiveness of the burn-in process [9][10] Strategic Partnerships - Aehr has partnered with ASE ISE, the largest OSAT in the world, to expand its capabilities in wafer-level burn-in for high-temperature operating life tests [14] - The company is engaged with multiple leading AI processor suppliers to evaluate wafer-level burn-in solutions [29] Market Trends - The demand for reliability in AI and automotive applications is increasing, with a focus on reducing failure rates in critical systems [25][26] - The company is observing a growing trend towards wafer-level burn-in as a cost-effective solution compared to traditional testing methods [27] Competitive Landscape - Aehr differentiates itself by providing functional testing within its burn-in systems, ensuring a valid production burn-in process [19] - The company is not pursuing commoditized markets like standard CPUs or mobile devices, focusing instead on high-value applications in AI and automotive sectors [32] Additional Important Insights - The semiconductor testing market is projected to grow, with 2%-5% of device market dollars typically spent on testing [18] - Aehr's revenue model includes a mix of system sales and consumables, with higher margins on wafer-level products compared to package-level consumables [23] - The company is cautious about pricing strategies, aiming to establish a strong market presence before adjusting prices [22] This summary encapsulates the key insights from the Aehr Test Systems FY Conference Call, highlighting the company's strategic direction, market opportunities, and technological advancements in the semiconductor testing industry.

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Revenue Performance - For the three months ended November 28, 2025, revenues decreased by $3.6 million (27%) to $13.5 million, primarily due to lower shipments of contactors amid soft demand for electric vehicles [93]. - For the six months ended November 28, 2025, revenues decreased by $5.7 million (22%) to $20.9 million, with contactors revenue down by $14.6 million, partially offset by an increase in systems revenue of $8.3 million [94]. Profitability - Gross profit for the three months ended November 28, 2025, decreased by $2.9 million (53%) to $2.5 million, with gross margin dropping by 14.4 percentage points to 25.7% [98]. Expenses - Research and development expenses increased by $0.7 million (31%) for the three months ended November 28, 2025, totaling $3.0 million, representing 30.1% of total revenues [100]. - Selling, general and administrative expenses remained consistent at $4.4 million for the three months ended November 28, 2025, accounting for 44.9% of total revenues [101]. Interest and Tax - Interest income, net, decreased by $34,000 (15%) for the three months ended November 28, 2025, totaling $194,000, primarily due to lower average cash balances [107]. - The company recognized an income tax benefit of $1.2 million for the three months ended November 28, 2025, compared to a benefit of $217,000 in the prior year, reflecting losses in the United States [110]. Cash and Cash Flow - Cash, cash equivalents, and restricted cash were $31.0 million as of November 28, 2025, down from $35.2 million as of November 29, 2024 [114]. - Operating activities resulted in a cash outflow of $1.5 million for the six months ended November 28, 2025, compared to an outflow of $3.5 million in the prior year [115]. - The net increase in cash, cash equivalents, and restricted cash was $4.5 million for the six months ended November 28, 2025, compared to a decrease of $14.1 million in the prior year [115]. - Cash flows from operating activities increased by $2.0 million for the six months ended November 28, 2025, compared to the same period in the prior year [116]. - Net cash used in investing activities decreased by $7.5 million for the six months ended November 28, 2025, primarily due to a $10.6 million payment for the acquisition of Incal in the prior period [117]. - Net cash provided by financing activities increased by $9.1 million for the six months ended November 28, 2025, driven by net proceeds of $9.4 million from the issuance of common stock [118]. Off-Balance Sheet and Market Risk - There are no off-balance sheet arrangements or undisclosed borrowings reported by the company [119]. - The company is not required to provide quantitative and qualitative disclosures about market risk as a smaller reporting company [120].