Aehr Test Systems Q4 2026 Results and FY2027 Outlook
Aehr Test Systems (NASDAQ:AEHR) announced fourth‑quarter 2026 financial results that surpassed consensus expectations. Adjusted earnings per share were $0.11, outperforming the analyst forecast of a loss of $0.01 per share. Revenue for the quarter reached $18.8 million, exceeding the consensus estimate of $17.92 million and representing a 33% increase from $14.1 million in the same quarter of the prior year.
The company reported record quarterly bookings of $60.7 million and an effective backlog of $100.6 million. Backlog growth was attributed to strong demand across AI processors, silicon photonics, and power semiconductors. Aehr also completed benchmark testing with a major AI accelerator supplier and secured follow‑on orders from its lead hyperscale customer for package‑level burn‑in systems. Additionally, the firm announced approximately $8 million in new orders for silicon‑carbide wafer contactors.
For fiscal year 2027, Aehr projects revenue between $130 million and $150 million, with the midpoint of $140 million implying 160% to 200% growth over fiscal 2026 revenue of $50 million. The guidance substantially exceeds current analyst expectations. The company also expects adjusted net income to represent 18% to 22% of total revenue for FY2027.
Full‑year fiscal 2026 revenue was $50 million, down from $59 million in fiscal 2025. Adjusted net income for FY2026 was $0.9 million, or $0.03 per share, compared with $4.6 million, or $0.15 per share, in FY2025.
Cash and cash equivalents stood at $116.5 million as of May 29 2026, up from $37.1 million on February 27 2026, providing a strong liquidity position.
"With strong momentum and a record backlog of over $100 million heading into fiscal year 2027, we have substantial visibility into projected fiscal 2027 revenue," said Gayn Erickson, President and Chief Executive Officer.