Earnings Releases·Nov 2, 2026, 4:21 PM ET

Aehr Test Systems — First Quarter Fiscal 2027 Earnings Summary

Revenue reached a record $33.0 million, a 200% year-over-year increase and 75% sequential rise, while GAAP net income turned positive at $7.2 million ($0.21/share) versus a $2.1 million loss in the prior year period.
Full-year Fiscal 2027 revenue guidance was raised to $150 million from a previous range of $130–$150 million, with management projecting non-GAAP net income of at least 20% of revenue.
Bookings totaled $46.7 million against a reported backlog of $100.9 million (effective backlog $109.3 million), driven by strong demand for FOX™ WLBI and Sonoma PLBI systems across over a dozen customers.
Strategic expansion includes the acquisition of Incal Technology to add Sonoma test solutions, alongside a $22 million follow-on order from a lead AI processor customer and a new order for a fully configured FOX-XP test cell.
Cash and equivalents decreased to $105.1 million from $116.5 million due to $4.5 million in shares repurchased for tax withholdings, while deferred revenue rose to $8.1 million.