Financial Data and Key Metrics Changes - First quarter revenue was $11 million, a decrease of $2.1 million from $13.1 million in the same period last year, primarily driven by demand for FoxXP and FoxCP products [24][25] - Non-GAAP gross margin for the first quarter was 37.5%, down from 54.7% year-over-year, mainly due to lower sales volume and a less favorable product mix [25] - Non-GAAP net income for the first quarter was $0.3 million or $0.01 per share, compared to $2.2 million or $0.07 per share for the first quarter of fiscal 2025 [27] - Backlog at the end of Q1 was $15.5 million, with $2 million net bookings received in the first five weeks of the second quarter [28] Business Line Data and Key Metrics Changes - Contactor revenues, which include wafer packs for wafer-level burn-in business, totaled $2.6 million, significantly lower than $12.1 million or 92% of the previous year's first quarter revenue [25] - The company shipped multiple FoxCP single-wafer production test and burn-in systems during Q1, indicating ongoing demand in the hard disk drive industry [24] Market Data and Key Metrics Changes - The company is experiencing ongoing growth in the silicon photonics market, driven by the adoption of optical chip-to-chip communication and optical network switching [14] - Demand for gallium nitride devices is increasing, particularly in data center power efficiency, solar energy, and automotive systems [16] - The market for NAND flash is in a state of flux, with a transition to hybrid bonding technologies driving new requirements for higher parallelism and power [19] Company Strategy and Development Direction - The company is focusing on semiconductor test and burn-in markets, particularly related to the expansion of data center infrastructure and AI [4][21] - Aehr Test Systems is positioned to assist customers with both wafer-level and packaged part burn-in systems, enhancing its market position [10] - The company is developing strategic partnerships to provide advanced wafer-level test and burn-in solutions for high-performance computing and AI processors [11] Management's Comments on Operating Environment and Future Outlook - Management remains cautious due to ongoing tariff-related uncertainty and has not reinstated formal guidance, but is confident in broad-based growth opportunities across AI and other markets [23][31] - The company anticipates order growth in nearly all served markets for the fiscal year, with silicon carbide growth expected to strengthen further into fiscal 2027 [23] Other Important Information - The company successfully closed the InCal facility and consolidated operations into its Fremont, California facility, incurring a one-time restructuring charge of $219,000 [26] - The facility renovation has significantly upgraded manufacturing capabilities, increasing overall manufacturing capacity by at least five times [30] Q&A Session Summary Question: When will there be a material improvement in bookings to drive revenue? - Management anticipates additional capacity needs from their first AI wafer-level burn-in production customer, which could lead to increased bookings and revenue this year, but timing is uncertain [34] Question: Do you have a target number of customers for shipping by the end of the fiscal year? - Management has discrete quantity targets for additional packaged part and wafer-level customers, but is cautious about setting expectations regarding timelines [44] Question: What is the gating factor for customers transitioning from Sonoma to wafer-level burn-in? - The transition does not require a new product, but customers need to validate that the company can meet their specific requirements for power delivery and design for testability [66] Question: How does the company view the cost-effectiveness of wafer-level burn-in compared to system-level burn-in? - Wafer-level burn-in is preferred as it is more cost-effective and efficient, allowing for accelerated testing without the inefficiencies of system-level testing [74][76] Question: What is the outlook for high-bandwidth flash and memory? - There is significant interest in high-bandwidth flash and memory, with ongoing discussions about the need for burn-in processes to ensure reliability before shipping [81]

Amazon Vice President, Device Software & Services Robert Williams plans to retire at the end of the year, he said in a Friday (Oct. 3) post on LinkedIn.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Williams made ...

But now to focus more on the behemoth that is all things Amazon, I'd like to welcome in Olivia Blanchard, a research director at Futurum. So, thank you so much for being with us today. I mean, let's start broad here with the Amazon product announcements.What stuck out to you. What was your your real key takeaway from what we heard from the company. Hey, thanks for having me on.So, yesterday was the uh Amazon devices big announcement in New York City and I was there so you didn't have to be. Uh and there wer ...

Amazon has redefined how people read, interact with their devices, and watch TV. Now, the company's hardware division is going through its biggest overhaul in its history. Under new hardware and Alexa chief Panos Pane, Amazon is giving its products some new excitement, including sharper and cleaner borders, improved silicon, and deeper Alexa plus integration.There's a new Echo. max at $99 and an updated Echo Studio at $219. both with room filling sound and a sleeker unified design.The Echo Show was getting ...

Amazon has redefined how people read, interact with their devices, and watch TV. Now, the company's hardware division is going through its biggest overhaul in its history. Under new hardware and Alexa chief Panos Pane, Amazon is giving its products some new excitement, including sharper and cleaner borders, improved silicon, and deeper Alexa plus integration.There's a new Echo. max at $99 and an updated Echo Studio at $219. both with room filling sound and a sleeker unified design.The Echo Show was getting ...

Amazon unveiling long-awaited updates to its Echo, Ring, Fire TV, and Alexa Plus digital assistant at its devices and services event today. Mackenzie Sagalas has more in today's tech check. Hey, Mac. Hey, Mel.So, Amazon is out with a refresh slate of devices, including those new smart speakers and voice activated displays. And what is key here is that they're all being turbocharged with Alexa Plus, its generative AI assistant. Now, today is also very much a test for Amazon's device chief, Panos Pana.The for ...

Core Insights - Amazon has unveiled updates to its Echo, Ring, Fire TV, and Alexa Plus digital assistant, integrating generative AI capabilities into its devices [1] - The company is experiencing increased customer engagement with the upgraded Alexa Plus assistant, indicating a potential shift towards AI-driven commerce [2] - Smart home adoption rates with Alexa Plus have doubled, although initial adoption was limited due to a restricted release model [3] Device and Technology Updates - The new devices are equipped with Alexa Plus, which is expected to enhance user experience and drive sales [1] - The rollout of Alexa Plus is part of Amazon's broader strategy to integrate generative AI across its product line [2] - All new Echo devices will feature Alexa Plus, aiming to overcome previous adoption bottlenecks [3] Market Performance and Competition - Early reviews of Amazon's generative AI tool have been mixed, with some critics suggesting that Amazon's upgrades are lagging behind competitors like OpenAI, Google, and Meta [4] - Amazon's shares have underperformed this year, making it the worst performer among the "Magnificent Seven" tech stocks [4] - The launch of new devices coincides with Amazon's Prime fall days, which is a strategic move to boost sales [5][6]

The inside story on how Amazon is overhauling its devices for the AI era, starting with the revamped Echos and Kindles https://t.co/Lp0OkwDg4v ...

Amazon announced product updates for Echo, Kindle, Fire TV and Ring cameras on Tuesday. @markgurman explains what's new https://t.co/D2zDh74LbE https://t.co/AqktHVTQcb ...

It is the fastest 4K stick under $40. It takes advantage of every pixel on the screen, has everything you need in the box, and works with your favorite apps. Now, getting to performance at this price point required us to rethink everything.We built an entirely new operating system that we're calling Gega powers this new Fire TV stick and the Echo that you'll see later today. It's highly responsive with a super efficient footprint. Apps launch fast and navigation is smooth. ...