Shares of Aehr Test Systems (AEHR), a supplier of semiconductor test and burn-in equipment, surged more than 12% in pre-market trading on Wednesday following the company’s announcement of an optimistic revenue outlook for 2025, higher than its 2024 revenue figures.
For fiscal year 2025, Aehr projects total revenue of at least $70 million, an increase from the $66.2 million reported for fiscal 2024.
Net income for the fourth quarter rose to $23.9 million, or $0.81 per share, up from $6.1 million, or $0.21 per share, in the same quarter of the previous year. This increase was primarily driven by an income tax benefit of $20.8 million in the latest quarter.
Excluding one-time items, the company reported earnings of $24.7 million, or $0.84 per share, compared to $6.8 million, or $0.23 per share, in the prior-year quarter.
However, revenue for the quarter fell to $16.6 million, down from $22.3 million in the same period last year.
In a separate announcement, Aehr revealed its decision to acquire Incal Technology, Inc., a company specializing in reliability test and burn-in solutions used by leading Artificial Intelligence (AI) semiconductor manufacturers.
“Aehr’s industry-leading wafer level test and reliability solutions, combined with Incal’s high-power capabilities, position Aehr uniquely to seize the burgeoning AI semiconductor market opportunity. Aehr aims to be a comprehensive provider of reliability and testing services, extending from engineering through to high-volume production,” the company stated.
Aehr's stock closed at $16.84 on Tuesday, marking a 2.50% increase. Over the past year, the stock has traded in the range of $9.83 to $54.10.
