Aehr Test Systems Reports Record $37M in Bookings Driven by AI Demand

Aehr Test Systems (AEHR) reported mixed financial results for the third quarter of fiscal 2026, highlighted by record quarterly bookings of $37.2 million. The company posted revenue of $10.3 million for the quarter, while its GAAP net loss widened to $3.2 million compared to the previous year. This surge in bookings was primarily driven by increasing demand for AI and data center infrastructure, resulting in a robust book-to-bill ratio of over 3.5x. Despite the current loss, Aehr reaffirmed its revenue guidance for the second half of fiscal 2026 and raised its bookings outlook for the remainder of the year. Management anticipates significant growth in fiscal 2027, fueled by expansion in silicon photonics and power semiconductors. However, the stock declined in after-hours trading as investors weighed the record demand against the widened quarterly loss.