NASDAQ$AEHR
Aehr Test System · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Aehr Test Systems reported first quarter fiscal year 2023 results with strong revenue growth.
Aehr Test Systems reported an 89% increase in revenue year-over-year for the first quarter of fiscal 2023, driven by the strength of wafer-level test and burn-in of silicon carbide devices used in electric vehicles. The company's revenue reached $10.7 million, and they secured $19.1 million in bookings during the quarter. They are reiterating their revenue guidance for the fiscal year ending May 31, 2023, to be at least $60 million to $70 million.
- Net sales were $10.7 million, up 89% from $5.6 million in the first quarter of fiscal 2022.
- GAAP net income was $589,000, or $0.02 per diluted share, compared to GAAP net income of $696,000, or $0.03 per diluted share, in the first quarter of fiscal 2022, which includes the impact of forgiveness of $1.7 million in loans from the Paycheck Protection Program (“PPP”).
- Non-GAAP net income was $1.3 million, or $0.05 per diluted share.
- Total cash and cash equivalents as of August 31, 2022 were $36.1 million, up from $6.5 million at the end of the first quarter of fiscal 2022.
Headline financials
Revenue & EPS history
Aehr · Revenue · Quarterly
$10.7M
Forward guidance
Aehr Test Systems is reiterating its previously provided guidance for total revenue to be at least $60 million to $70 million for the fiscal year ending May 31, 2023, with strong profit margins similar to last fiscal year. They also continue to expect bookings to grow faster than revenues in fiscal 2023.
Tailwinds
- Revenue expected to be at least $60 million to $70 million for the fiscal year ending May 31, 2023.
- Strong profit margins are expected, similar to last fiscal year.
- Bookings are expected to grow faster than revenues in fiscal 2023.
- Expect to receive production orders from several silicon carbide customers beyond our lead customer
- Expect to begin shipping systems to meet their production capacity by the end of our current fiscal year that ends May 31, 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+3.2%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+4.9%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+42.0%
Q4 2022
Best reaction
-28.9%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +25.5% | +26.3% | — | |
| Q2 2026 | +15.9% | +9.3% | +5.8% | |
| Q1 2026 | -16.9% | -25.8% | -25.2% | |
| Q4 2025 | +1.4% | +8.7% | +36.1% | |
| Q3 2025 | +29.2% | +22.4% | +24.6% | |
| Q2 2025 | -28.9% | -24.0% | -37.6% | |
| Q1 2025 | +21.1% | +10.1% | -9.3% | |
| Q4 2024 | +25.4% | +23.0% | +8.8% | |
| Q3 2024 | -0.9% | +0.6% | -1.6% | |
| Q2 2024 | -15.5% | -20.6% | -23.5% | |
| Q1 2024 | -14.4% | -11.0% | -45.7% | |
| Q4 2023 | +22.7% | +26.8% | +14.5% | |
| Q3 2023 | -18.0% | -20.7% | -34.6% | |
| Q2 2023 | +27.4% | +61.6% | +100.0% | |
| Q1 2023 | +20.0% | +9.9% | +36.0% | |
| Q4 2022 | +42.0% | +37.5% | +108.5% | |
| Q3 2022 | -5.8% | -6.8% | -27.1% | |
| Q2 2022 | -20.9% | -25.5% | -40.4% | |
| Q1 2022 | +32.9% | +21.3% | +69.6% | |
| Q4 2021 | +20.1% | +106.4% | +100.4% | |
| Q3 2021 | -3.2% | -7.7% | -7.3% | |
| Q2 2021 | -14.6% | -14.6% | +3.2% | |
| Q1 2021 | +6.3% | -2.8% | -9.0% | |
| Q4 2020 | +2.0% | +2.4% | +0.5% | |
| Q3 2020 | -18.2% | -16.4% | +5.7% | |
| Q2 2020 | -5.0% | -7.5% | +0.0% | |
| Q1 2020 | -1.8% | +3.6% | -1.2% | |
| Q4 2019 | -5.4% | -10.7% | -20.8% | |
| Q3 2019 | +17.5% | +15.6% | +7.1% | |
| Q2 2019 | -4.7% | -18.8% | -12.8% | |
| Q1 2019 | -8.3% | -11.2% | -19.0% | |
| Q4 2018 | +1.1% | -4.5% | -10.1% | |
| Q3 2018 | +6.2% | +2.2% | +4.5% | |
| Q2 2018 | +13.3% | +4.6% | -11.6% | |
| Q1 2018 | +29.0% | +18.9% | +11.7% | |
| Q4 2017 | +7.9% | +6.6% | -23.0% | |
| Q3 2017 | -8.0% | -15.3% | -12.6% | |
| Q2 2017 | +0.9% | +2.2% | -0.9% | |
| Q1 2017 | +7.0% | +0.0% | +10.0% | |
| Q4 2016 | +8.3% | +3.6% | +16.1% | |
| Q3 2016 | +7.1% | — | — | |
| Q2 2016 | -17.6% | — | — | |
| Q1 2016 | +9.3% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | -7.0% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | +9.0% | — | — | |
| Q3 2014 | -4.8% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | +15.9% | — | — | |
| Q4 2013 | -4.0% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | -4.5% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2012 | +5.3% | — | — | |
| Q2 2011 | +5.3% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q4 2010 | +2.5% | — | — | |
| Q3 2010 | +4.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro