News: Suppliers
13 April 2026
Aehr’s quarterly revenue rebounds to $10.3m
For its fiscal third-quarter 2026 (ended 27 February), Aehr Test Systems of Fremont, CA, USA — which provides solutions for testing, burning-in and stabilizing semiconductor devices in wafer-level, singulated die, and packaged-part form — has reported revenue of $10.3m, down on $18.3m a year ago but up on $9.9m last quarter.
On a non-GAAP basis, operating expenses were $6.31m, up from $5.67m last quarter but no more than the $6.31m a year ago.
Net loss was $1.52m ($0.05 per diluted share), up from $1.29m ($0.04 per diluted share) last quarter and compared to net income of $1.98m ($0.07 per diluted share) a year ago.
During the quarter, total cash, cash equivalents and restricted cash rose from $31m to $37.1m.
Order bookings were $37.2m, representing a book-to-bill ratio of over 3.5x. Order backlog as of 27 February was $38.7m. Effective backlog, including bookings since 27 February, is $50.9m. Also, Aehr expects a significant near-term follow-on production order from its lead hyperscale customer for PLBI systems for custom AI processors, and now expects bookings for its fiscal second-half 2026 (ending 29 May) to be on the high end of the previously stated range of $60–80m.
“We are very pleased with the strong momentum in our business across multiple market segments... Demand continues to accelerate across both WLBI [wafer-level burn-in] and PLBI [package-level burn-in] as semiconductor devices grow in size, complexity and power and are increasingly deployed in mission-critical AI, networking, automotive, and industrial applications,” says president & CEO Gayn Erickson.
“We continued to make progress in growing the business and expanding our customer base in our WLBI business. For AI processors, we received a production WLBI order from our lead AI processor customer for multiple new fully automated FOX-XP WLBI systems to be used in data-center training and inference applications. We have several other companies, ranging from suppliers of data-center-focused AI accelerator processors to edge AI processors and CPUs that are providing us with information on their devices and roadmaps and asking about our WLBI capabilities and recommendations for burn-in of their next-generation devices. There is significant interest in doing WLBI for devices that are expected to be put in advanced packages such as CoWoS that include other die such as HBM [high-bandwidth memory] DRAM stacks, other compute AI processors, and photonic or electrical-based transceiver chipsets. Weeding out bad devices before they are packaged together with these other devices is significantly cheaper than the yield loss if these are burned in at packaged level and the entire multi-chip package is thrown away,” he adds.
“Silicon photonics is a market we see significant opportunity for WLBI. We recently announced a major new customer win with our high-power FOX-XP WLBI system for devices aimed at hyperscale data-center optical interconnect market. This was an initial order for multiple FOX systems for both qualification and production. The customer is developing advanced silicon photonics-based transceivers for data-center networking and optical I/O applications to address the rapidly accelerating demand for high-speed fiber-optic communication links in hyperscale AI and cloud data centers. We believe this win positions Aehr to participate in what could be a significant multi-year expansion of silicon photonics production driven by the growth of fiber-optic interconnects in hyperscale AI data centers.
“Additionally, during the quarter, we received a follow-on order from our lead silicon photonics customer for both a new high-power FOX-XP system and an upgrade of an existing FOX system to our latest high-power, fully automated configuration. As data-center architectures scale to support AI, cloud computing, and high-performance networking, fiber-optic interconnects offer significant advantages over copper wiring, including higher data rates, lower power consumption, longer reach, improved thermal performance, and reduced electromagnetic interference. These advantages are driving rapid adoption of silicon photonics transceivers across hyperscale and enterprise data centers worldwide and increasing demand for cost-effective, production-proven burn-in solutions that can ensure device quality and long-term reliability at volume.
“In PLBI, we are seeing significant forecasts from our lead hyperscale customer for our Sonoma systems for high-volume production burn-in of their custom AI processor ASICs used in large-scale data-center training and inference AI workloads. In addition to their first ASIC AI processor now ramping on our Sonoma systems today, this quarter this hyperscale customer awarded Aehr the production win for our Sonoma systems for production burn-in of their next-generation, higher-power AI accelerators. We expect a significant near-term follow-on production order from this customer for a large number of systems to be shipped during Aehr’s fiscal year 2027.
“We are also engaged in new sales opportunities with multiple other hyperscale companies, AI accelerators and CPU processor companies, edge AI processor suppliers and designers, and foundries and assembly & test houses for our Sonoma PLBI systems for both reliability qualification and production burn-in needs.
“We are continuing to scale our manufacturing capacity to support anticipated customer demand. In addition to the substantial capacity we added at our Fremont, California facility over the past year, we expect to begin shipping Sonoma systems this quarter from a newly upgraded contract manufacturing facility with global capacity for more than 20 additional systems per month.
“With strong second-half bookings so far, and a strong funnel of additional orders expected this quarter, we believe we are well-positioned to exit the fiscal year ending 29 May with a strong backlog and deliver significant revenue growth in fiscal 2027. We currently expect full-year fiscal 2026 revenue to be on the high side of the $45–50m range provided last quarter. We also expect our bookings for the second half of the fiscal year to be on the high end of the $60–80m range provided last quarter. More broadly, we believe we have a clear path to sustained long-term growth as our installed base expands across AI, silicon photonics, power semiconductors, and other high-performance applications.
“As the need for performance, reliability, safety and security in semiconductors continues to rise, burn-in is becoming increasingly important across a widening range of devices and end-markets. We believe Aehr is uniquely positioned to capitalize on this trend with both proven WLBI and PLBI solutions that enable our customers to cost-effectively qualify and screen their most advanced semiconductor devices.”
Revenue to grow
Aehr reiterates its previously provided guidance for fiscal second-half 2026 (ending 29 May) of revenue growth to $25–30m but net loss per diluted share of $0.09–0.05.
Aehr gains initial order from new silicon photonics transceiver customer
Aehr enters quarterly loss as revenue falls 23%
