AEHR — Aehr Test Systems
Quarterly Earnings Performance
Fiscal Year 2025 (June 2024 – May 2025)
Note: Aehr Test Systems uses a fiscal year ending in late May. Fiscal Q1 FY2025 began June 2024; FY2025 ended May 30, 2025. Calendar year alignment is approximate.
| Quarter |
Period |
Report Date |
Revenue |
YoY Growth |
EPS (non-GAAP) |
Guidance (next qtr) |
Notes |
| Q1 FY2025 |
Jun–Aug 2024 |
2024-10-10 |
$13.1M |
−36% |
+$0.07 |
— |
Beat EPS forecast; reaffirmed FY guidance |
| Q2 FY2025 |
Sep–Nov 2024 |
2025-01-09 |
$13.5M |
−49% |
+$0.02 |
— |
Continued SiC market headwinds |
| Q3 FY2025 |
Dec 2024–Feb 2025 |
2025-04-08 |
$18.3M |
+141% |
+$0.07 |
— |
Revenue growth vs. prior year; solid bookings |
| Q4 FY2025 |
Mar–May 2025 |
2025-07-08 |
$14.1M |
— |
−$0.01 |
— |
Revenue dip; stock rallied on AI pipeline |
| FY 2025 |
Full Year |
— |
$59.0M |
−11% |
+$0.15 |
— |
Revenue down from $66.2M in FY2024 |
Fiscal Year 2026 (June 2025 – May 2026, in progress)
| Quarter |
Period |
Report Date |
Revenue |
YoY Growth |
EPS (non-GAAP) |
Guidance (next qtr) |
Notes |
| Q1 FY2026 |
Jun–Aug 2025 |
2025-10-08 |
$11.0M |
−16% |
+$0.01 |
— |
AI/datacenter demand emerging |
| Q2 FY2026 |
Sep–Nov 2025 |
2026-01-08 |
$9.9M |
−27% |
— |
$25M–$30M (H2 FY26) |
Reinstated guidance; AI processor visibility |
| Q3 FY2026 |
Dec 2025–Feb 2026 |
2026-04-07 |
$10.3M |
−44% |
— |
— |
Beat EPS est. −$0.10; $37M+ quarterly bookings |
Upcoming
| Quarter |
Est. Report Date |
Est. Revenue |
Est. EPS |
Source |
| Q4 FY2026 |
~2026-07-21 |
$25M–$30M (est.) |
— (est.) |
Company H2 FY26 guidance |
Commentary
Aehr Test Systems experienced a challenging fiscal 2025, with full-year revenue declining 11% to $59.0M as silicon carbide (SiC) wafer-level burn-in demand softened, though the company maintained non-GAAP profitability at $0.15 per share for the year. Fiscal 2026 has continued to face revenue headwinds, with each reported quarter declining year-over-year. However, the company reported over $37 million in quarterly bookings in April 2026 driven by AI processor and data center infrastructure demand, reinstated guidance in Q2 FY26, and expects return to non-GAAP profitability in Q4 FY2026. Management is positioning the company for significant revenue recovery in FY2027, supported by a growing backlog in AI chip test and burn-in systems.
Sources
Aehr FY2025 Q4 & Full Year Results
Aehr FY2026 Q1 Results
Aehr FY2026 Q2 Results & Reinstated Guidance
Aehr Q3 FY2026 $37M+ Bookings Press Release
MarketBeat AEHR Earnings
Generated: 2026-05-12