Aehr Test Systems Reports Record Q1 FY2027 Revenue of $33.0 Million, Up 200% YoY; Raises Full-Year Revenue Outlook to $150 Million
Aehr Test Systems reported record first quarter fiscal 2027 revenue of $33.0 million, up 200% year over year from $11.0 million and up 75% sequentially. GAAP net income was $7.2 million, or $0.21 per diluted share, compared with a GAAP net loss of $(2.1) million in the year-ago quarter. Non-GAAP net income was $9.4 million, or $0.28 per diluted share, up approximately 163% sequentially. The company raised its fiscal 2027 revenue outlook to $150 million from its previous guidance range of $130 million to $150 mil...
Guidance updates
Forward guidance
Key takeaways
Record Q1 FY2027 revenue of $33.0 million beat the prior guidance midpoint of $140 million annual guidance by approximately 9% on an annualized quarterly run-rate basis.
GAAP net income was $7.2 million, or $0.21 per diluted share, compared with a GAAP net loss of $(2.07) per diluted share in Q1 FY2026.
Non-GAAP net income was $9.4 million, or $0.28 per diluted share, up approximately 163% sequentially from $3.6 million in the prior quarter.
Bookings were $46.7 million with a book-to-bill ratio of approximately 1.4; effective backlog reached $109.3 million as of November 1, 2026.
Full-year fiscal 2027 revenue guidance raised to $150 million from previous guidance range of $130 million to $150 million; non-GAAP net income expected to be at least 20% of revenue.
Customer diversification progressing with more than a dozen customers spanning AI processors, silicon photonics, silicon carbide, and gallium nitride applications.
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