Aehr Test Systems revenue triples to $33M as AI orders pile up

The chip burn-in specialist raised its full-year target to $150 million after a record quarter driven by hyperscale AI demand Aehr Test Systems just posted the kind of quarter that makes a small-cap chip equipment maker suddenly very interesting. Revenue for fiscal Q1 2027 came in at a record $33.0 million, up 200% from $11.0 million a year earlier. Shares climbed about 17% in after-hours trading. A record quarter, and a fuller order book The quarter ended September 25, 2026. Beyond the year-over-year tripling, revenue also rose 75% from the previous quarter. Profitability flipped too. Aehr reported GAAP net income of $7.2 million, or $0.21 per diluted share, compared with a loss of $2.1 million previously. Non-GAAP gross margin landed at 48.5% for the quarter. Then there are the orders. Bookings totaled $46.7 million in the quarter, which is $13.7 million more than the company actually recognized as revenue. When customers order faster than you can ship, the backlog grows, and that is exactly what happened. Effective backlog reached $109.3 million as of November 1, 2026. Guidance goes to the top of the range On the strength of the quarter, Aehr raised its full-year FY2027 revenue ...