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Winner, Winner: The Chicken McNugget Story
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Aehr Test Systems
Aehr Test Systems (AEHR) investor relations material
Aehr Test Systems Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary2 Nov, 2026
Executive summary
Record Q1 FY2027 revenue of $33.0m, up 200% YoY and 75% sequentially; bookings were $46.7m and effective backlog reached $109.3m as of Nov. 1.
Raised FY2027 revenue outlook to $150m as AI and data-center programs expanded across wafer- and package-level burn-in and production opportunities.
Financial highlights
Revenue reached a record $33.0m; shipments included Sonoma and FOX systems and related products.
GAAP operating income was $6.0m versus a $4.1m operating loss; GAAP net income was $7.2m, or $0.21 per diluted share, versus a $2.1m net loss, or $0.07 loss per diluted share.
Adjusted net income was $9.4m, or $0.28 per diluted share, versus $0.2m, or $0.01, a year earlier.
GAAP gross margin was 47.5%; adjusted gross margin was 48.5%, up from 37.5% a year earlier on higher volume and favorable mix.
Contactors and related products generated $13.5m, 41% of revenue, versus $2.6m and 24% a year earlier.
Outlook and guidance
FY2027 revenue outlook rose to $150m from the prior $130m–$150m range, representing stated growth of 200% over FY2026.
Adjusted net income is expected to be at least 20% of revenue; consumables are expected to contribute ~35% of FY2027 revenue.
Q2 is expected to remain strong; revenue could increase in subsequent quarters, with Q4 potentially the year's highest. The $150m outlook was described as conservative.
FY2027 gross margin is expected near Q1's 48.5%, within ~0.5 percentage point; Q2 margin may be lower due to high Sonoma shipment volume.
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Latest events from Aehr Test Systems
- 2026 meeting covers director elections, auditor ratification, and executive pay, with robust governance.AEHR
Proxy filing - Record bookings and AI-driven demand support 160%-200% revenue growth for fiscal 2027.AEHRQ4 2026
- Wafer-level burn-in adoption accelerates in AI and data center markets, driving growth and innovation.AEHR46th Annual William Blair Growth Stock Conference
- Proprietary wafer-level test systems drive growth in AI, photonics, and power semiconductor markets.AEHRCorporate presentation
- Record bookings and backlog contrast with a sharp Q3 revenue decline and rising cash reserves.AEHRQ3 2026
- Wafer-level burn-in and automation drive growth in AI, memory, and photonics markets.AEHR28th Annual Needham Growth Conference Virtual
- Advanced wafer-level test systems drive growth in AI, memory, and power semiconductor markets.AEHRCorporate presentation
- Q1 revenue dropped 36% YoY, but gross margin rose to 54.7% and FY25 guidance was reaffirmed.AEHRQ1 2025
- Q3 revenue up 142% year-over-year, led by AI and new markets, with guidance withdrawn amid tariff uncertainty.AEHRQ3 2025
Next Aehr Test Systems earnings date
Q2 20273 Feb, 2027
Aehr Test Systems
Next Aehr Test Systems earnings date
Q2 20273 Feb, 2027
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Frequently asked questions
Aehr Test Systems is a provider of test and burn-in equipment used in the semiconductor industry. The company’s systems are used for testing logic, memory, and photonics devices under high-stress conditions to ensure reliability. It serves semiconductor manufacturers involved in automotive, mobile, and data center applications. Aehr Test Systems is headquartered in Fremont, California, and its shares are listed on the NASDAQ.