Following the release of its earnings report, Aehr Test Systems, Inc. (NASDAQ: AEHR) shares are seeing a notable increase on the US stock charts. The first quarter of the company’s fiscal 2025, which concluded on August 30, 2024, had significant growth. As a consequence, the price of AEHR stock increased; as of the most recent pre-market check, its shares were trading at $14.81, indicating a noteworthy increase of 11.19%.
Together with $13.1 million in revenue, the firm recorded non-GAAP net income of $0.7 million, or $0.02 per diluted share. The fact that this result exceeded most experts’ expectations indicates that the fiscal year is off to a terrific start.
Strategic Market Expansion
In the upcoming year, Aehr Test Systems expects that its whole wafer contactors and silicon carbide wafer-level burn-in test systems will continue to be key sources of income. The business is deliberately entering emerging industries with its test and burn-in products, such as those for flash memory, hard disk drive components, gallium nitride power semiconductors, and artificial intelligence processors.
Aehr has also seen a stability in the discourse around the silicon carbide power semiconductor industry, especially with the growing use of integrated modules including silicon carbide MOSFETs by electric vehicle (EV) makers. The objective of this change is to improve industry power efficiency and cost-effectiveness.
Enhanced Testing Efficiency
The necessity for comprehensive testing and burn-in processes for these devices is paramount, especially for mission-critical applications such as EVs. Conducting screening at the wafer level before module integration—often comprising 32 or more devices—has become increasingly beneficial.
Strong Demand for WaferPak Products
Additionally, Aehr continues to witness robust demand for its FOX WaferPak™ full wafer contactors, fueled by a record number of new device designs initiated in the previous quarter. These developments are expected to generate further WaferPak purchases for engineering qualification and volume production orders as designs progress.
The company recorded over $12 million in revenue from WaferPak sales during the first quarter, reflecting its strong market position. With an array of customer engagements and emerging market opportunities, Aehr Test Systems maintains a positive outlook for revenue growth and profitability throughout the fiscal year.