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Aug 29
Aehr Q1 2026 Earnings Report
Aehr reported a Q1 net loss despite strength in AI and data center semiconductor testing demand.
Key Takeaways
Aehr Test Systems reported a net loss in Q1 FY26, as revenue declined year-over-year. However, the company experienced strong momentum in AI processor testing, with follow-on orders for its high-power burn-in systems. Management highlighted optimism for growth across AI and other semiconductor markets.
Revenue declined to $11.0M from $13.1M YoY; net loss of $2.1M reported.
Strong AI-driven demand for the Sonoma system, with follow-on orders from a major hyperscaler.
Effective backlog increased to $17.5M, indicating continued demand momentum.
Company remains optimistic on long-term growth across AI, photonics, and silicon carbide markets.
Aehr
Aehr
Forward Guidance
Aehr expects broad-based order growth across nearly all served markets in fiscal 2026, particularly in AI processors, while remaining cautious due to macroeconomic and tariff-related uncertainties.
Positive Outlook
- Strong demand for AI processor testing using Sonoma systems
- Increased momentum in wafer level burn-in adoption
- Top AI customers placing follow-on orders with shortened lead times
- Expansion in test capacity for silicon photonics and hard disk drives
- Collaborations with OSATs and top-tier AI processor suppliers on next-gen testing solutions
Challenges Ahead
- Revenue and profit declined year-over-year
- GAAP net loss recorded for the quarter
- Free cash flow not disclosed; slight decline in cash position
- Ongoing uncertainty due to tariffs and macroeconomic conditions
- No formal financial guidance reinstated for the remainder of the year