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Feb 29, 2024
Aehr Q3 2024 Earnings Report
Announced third quarter fiscal year 2024 financial results, reflecting delays in wafer level burn-in system orders for silicon carbide semiconductor devices used in electric vehicles.
Key Takeaways
Aehr Test Systems reported their Q3 2024 results with revenue impacted by delays in wafer level burn-in system orders for silicon carbide semiconductors. They are reiterating their full year guidance of greater than $65 million in revenue and at least $11 million in net income.
Reiterated fiscal year 2024 revenue guidance to be greater than $65 million.
Reiterated fiscal year 2024 net income of at least $11 million.
Announced an initial order for FOX-NP solution from a new multi-billion dollar global semiconductor company.
Seeing increased customer engagement in markets they are addressing for semiconductor wafer level test and burn-in.
Forward Guidance
Aehr Test Systems is reiterating its previously provided guidance for total revenue of greater than $65 million and GAAP net income of approximately $11 million or more, or $0.38 per diluted share for the fiscal year ending May 31, 2024.
Positive Outlook
- Total revenue of greater than $65 million.
- GAAP net income of approximately $11 million or more.
- Earnings per diluted share of $0.38.
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