Aehr Test Systems Stock Jumps 26% After Record Quarter and Raised Revenue Outlook

Aehr Test Systems (Nasdaq: AEHR) rose 26.5% on Tuesday, closing at $65.11 from a previous close of $51.47, as the S&P 500 ETF (SPY) gained 0.30%. Trading volume was about 3.2 times its normal level. The move followed an 8-K filed the previous afternoon, which furnished a press release reporting record first-quarter results.

Record revenue and profit

The press release reported revenue of $33.0 million for the first quarter ended September 25, 2026, up 200% from $11.0 million a year earlier and 75% from the prior quarter. GAAP net income was $7.2 million, or $0.21 per diluted share, compared with a net loss of $2.1 million a year earlier. Non-GAAP net income was $9.4 million, or $0.28 per diluted share.

Raised outlook and backlog

Aehr raised its fiscal 2027 revenue outlook to $150 million, from a previous range of $130 million to $150 million. The company also expects non-GAAP net income of at least 20% of revenue. Bookings were $46.7 million, a book-to-bill ratio of about 1.4, and effective backlog reached $109.3 million as of November 1, 2026.

Customer developments

The press release said a major supplier of AI accelerators, CPUs and network processors decided to buy a fully configured FOX-XP wafer-level burn-in test cell for installation at an outsourcing partner in Taiwan, with installation planned for early calendar 2027. Aehr also said it is shipping more than a dozen Sonoma package-level burn-in systems per month for a lead hyperscale customer. The company did not disclose whether the customer developments were the direct trigger for the share move.