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Aehr Test Systems Sets Record Backlog on AI and Silicon Photonics Orders

The order wave signals a shift toward steadier demand with revenue set to follow shipments in fiscal Q4.

Overview

  • Aehr shares, which hit an all‑time intraday high of $66.28 Wednesday, jumped after the company detailed a surge in new orders tied to data‑center chips.
  • Fiscal Q3 revenue was $10.3 million with an adjusted loss of $0.05 per share, beating EPS forecasts as bookings reached $37.2 million and book‑to‑bill topped 3.5x.
  • Effective backlog rose to a record $50.9 million after $12.2 million of early Q4 orders, positioning the company to convert bookings into shipments this quarter.
  • Management highlighted a $14 million follow‑on production order and a new multi‑system purchase for its FOX‑XP wafer‑level burn‑in rigs, which stress‑test full wafers for AI processors and silicon‑photonics parts.
  • Aehr kept FY2026 sales guidance at $45 million to $50 million and now targets the high end, activated a $40 million at‑the‑market facility, and drew upbeat calls from Lake Street and William Blair.