NASDAQ$AEHR

Aehr Test System · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Aehr Test reported record bookings for the second consecutive quarter in Q2 2022, driven by semiconductor test and burn-in sales for electric vehicles.

Aehr Test Systems announced financial results for its second quarter of fiscal 2022 ended November 30, 2021, featuring record bookings of $29.1 million and a record backlog of $36.1 million.

  • Finished the second quarter with record bookings for a single quarter of $29.1 million.
  • Highest backlog on record of $36.1 million.
  • Total bookings for the fiscal year to date is over $52 million.
  • Reiterating guidance for revenue for the year.

Headline financials

Total Revenue

$9.61M

Previous: $1.68M+471.1%
EPS (adj)

$0.05

Previous: -$0.07+171.4%
Backlog

$36.1M

Previous: $1.1M+3181.8%
Capital Expenditures

-$132K

Previous: -$194K+32.0%
Free Cash Flow

$585K

Previous: -$2.16M+127.1%
Net Income

$717K

Previous: -$1.97M+136.5%
Operating Income

$717K

Previous: -$1.94M+136.9%
Gross Profit

$4.52M

Previous: $377K+1098.7%
Cash & Equivalents

$35M

Previous: $3.45M+915.7%
Total Assets

$58.2M

Previous: $17.1M+240.0%
Stock-Based Comp

$718K

Previous: $257K+179.4%

Revenue & EPS history

Aehr · Revenue · Quarterly

$9.61M

Q2 2022+471.1%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Aehr is reiterating its previously provided guidance for full year total revenue of at least $50 million, and to be profitable for the fiscal year at these revenue levels based upon its operating model.

Tailwinds

  • Full year total revenue of at least $50 million.
  • To be profitable for the fiscal year at these revenue levels based upon its operating model.
  • Confident in ability to deliver significant revenue growth.
  • Focused on serving the very large market opportunities we see ahead.
  • Strength of semiconductor test and burn-in solutions.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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%

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