Aehr Test Systems, a leading provider of semiconductor test and burn-in equipment, saw its shares rise significantly on Thursday following the release of its second-quarter earnings report. The company reported strong financial results for the quarter, surpassing analysts’ expectations and demonstrating solid growth in key metrics.
Aehr Test Systems reported revenue of $7.5 million for the second quarter, an increase of 39% compared to the same period last year. The company also reported a net income of $1.2 million, or $0.05 per share, compared to a net loss of $1.4 million in the second quarter of the previous year. These results were well above analysts’ expectations, who had forecast revenue of $7.1 million and earnings of $0.03 per share.
The strong performance in the second quarter was driven by increased demand for Aehr Test Systems’ products, particularly its FOX-P system, which is used for testing and burn-in of semiconductor devices. The company benefited from robust demand from customers in key markets such as automotive, 5G, and artificial intelligence.
In addition to strong financial results, Aehr Test Systems also provided a positive outlook for the remainder of the year. The company expects revenue for the full fiscal year to be in the range of $30 million to $33 million, representing a significant increase from the previous year. This guidance reflects the continued strength in demand for the company’s products and its ability to capitalize on growth opportunities in the semiconductor industry.
Investors reacted positively to the strong earnings report, pushing Aehr Test Systems’ shares up by more than 15% in after-hours trading. The stock has been on an upward trajectory in recent months, and the latest earnings report is likely to further bolster investor confidence in the company’s prospects.
Overall, Aehr Test Systems’ strong performance in the second quarter and upbeat outlook for the full year demonstrate the company’s ability to deliver value to customers and generate sustainable growth. With increasing demand for semiconductor testing and burn-in solutions, Aehr Test Systems is well-positioned to capitalize on market opportunities and drive continued success in the coming quarters.