Aehr Q1 2024 Earnings Report
Key Takeaways
Aehr Test Systems reported a solid first quarter with record shipments of FOXTM WaferPak full wafer Contactors, achieving the strongest first quarter in the company's history and reaffirming its full-year revenue and profit growth expectations.
Finished the first quarter with solid revenue and non-GAAP net income.
Had record shipments of FOXTM WaferPak full wafer Contactors in both revenue and units.
Received customer acceptance of both configurations of our new fully automated FOX WaferPak Aligner.
Announced sixth customer for silicon carbide wafer level burn-in.
Aehr
Aehr
Forward Guidance
Aehr is reiterating its previously provided guidance for total revenue to be at least $100 million, representing growth of over 50% year over year, and GAAP net income of at least $28 million, representing earnings growth of greater than 90% year over year for the fiscal year ending May 31, 2024.
Positive Outlook
- Total revenue to be at least $100 million.
- Revenue growth of over 50% year over year.
- GAAP net income of at least $28 million.
- Earnings growth of greater than 90% year over year.
- Expecting continued positive momentum for silicon carbide in electric vehicles.