Aehr Test Systems (AEHR) Earnings
Aehr Test Systems is expected to report next earnings on July 14, 2026 (in NaN days), with a consensus EPS estimate of $-0.01. AEHR has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +30.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 7, 2026 | $-0.08 | $-0.05 | +37.5% | $10M | -5.0% |
| Jan 8, 2026 | $-0.08 | $-0.04 | +50.0% | $10M | -39.1% |
| Oct 6, 2025 | $0.01 | $0.01 | +0.0% | $11M | -1.3% |
| Jul 8, 2025 | $-0.01 | $-0.01 | +33.3% | $14M | -5.0% |
| Apr 8, 2025 | $0.01 | $0.07 | +600.0% | $18M | +23.5% |
| Jan 13, 2025 | $0.03 | $0.02 | -33.3% | $13M | -31.6% |
| Oct 10, 2024 | $0.02 | $0.07 | +250.0% | $13M | +7.8% |
| Jul 16, 2024 | $0.11 | $0.84 | +663.6% | $17M | +7.5% |
| Apr 9, 2024 | $-0.03 | $-0.03 | -14.3% | $8M | -0.6% |
| Jan 9, 2024 | $0.19 | $0.23 | +21.1% | $21M | +2.6% |
| Oct 5, 2023 | $0.16 | $0.18 | +12.5% | $21M | +7.2% |
| Jul 13, 2023 | $0.22 | $0.23 | +4.5% | $22M | +1.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · April 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Market momentum is strong, particularly from AI and data center infrastructure. Progress in growing wafer-level burn-in installed base and expanding to new customers, including a $14 million order for AI wafer-level burn-in systems. Announcement of a key production win in package-level burn-in with a hyperscale customer. Continued investment in AI benchmark and memory projects. Change in fiscal year to align more closely with customers and peers in the semiconductor test equipment industry.
Guidance
Expect full-year fiscal 2026 revenue to be on the high side of the $45 million to $50 million range. Non-GAAP net loss prediluted share to be between negative 13 cents and negative 9 cents for the full fiscal year. Expect to return to profitability on a non-GAAP basis in the fourth quarter of fiscal 2026. Second half fiscal year bookings expected to be on the high side of the $60 to $80 million range.
Segment performance
In the third quarter, for wafer-level burn-in, the company received a $14 million follow-on production order from a lead wafer-level AI accelerator processor customer for multiple new fully automated Fox XP wafer-level burn-in systems. For package-level burn-in, the company announced a key production win with a lead package-level hyperscale customer, with an initial production order of high power Sonoma systems for their next-generation higher power AI processor. Third quarter revenue was $10.3 million. Contacted revenues, including wafer packs for wafer-level burn-in and BIMs for package-level burn-in, totaled $3 million, representing 29% of total revenue.
Risks & headwinds
Forward-looking statements are based on current information and estimates and subject to a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in the company's most recent periodic and current reports filed with the SEC.
Analyst Q&A
Q: Hey, Gain. Hey, Chris. You have Mark Shooter on here for Jed Door Timer. I'm curious how you guys are looking at this internally, and what percentage of GPUs or ASICs or XPUs do you think are burnt in today?
A: That's a really good question, and I think we're still getting our arms around it a little bit here...
Q: Hey, good afternoon. Thanks for a tremendous amount of detail regarding the different target markets and your success in each one of them. The most common question I receive is, is there a way to gauge over a multi-year time frame?
A: The short answer is we have. The long answer is we're just really cautious about trying to get too carried away with our projections...
Q: Hey, guys. Thanks for taking my questions. First, I want to start out here. We look at the demand environment from the package level and wafer level. So demand seems strong on both sides of the business here. But, I mean, to me it looks like wafer level is outpacing on the demand side and maybe the order side. Can you let me know if I'm wrong there?
A: The challenge with our business and for all of our shareholders is we know how to be lumpy...
Q: Hi, Dane. Your contract manufacturer that you're starting up, when does that start and when will it be fully capable of doing your 20 Sonomas a month?
A: They're in the process of building the first batch, I would say, is the best way of looking at it...