Aehr Test Systems Posts $10.3M Q3 Revenue, $37.2M Bookings, Raises H2 Outlook
Aehr Test Systems posted Q3 net revenue of $10.3 million with GAAP net loss of $3.2 million. Quarterly bookings hit $37.2 million with book-to-bill above 3.5x as H2 bookings guidance was raised to the high end of $60–80 million.
1. Mixed Third-Quarter Financial Performance
Aehr Test Systems posted third-quarter fiscal 2026 net revenue of $10.3 million, down from $18.3 million a year earlier, and recorded a GAAP net loss of $3.2 million, or $0.10 per diluted share. On a non-GAAP basis, which excludes stock-based compensation and acquisition adjustments, the net loss was $1.5 million, or $0.05 per share.
2. Robust $37.2M Bookings and Backlog Growth
The company reported $37.2 million in quarterly bookings, yielding a book-to-bill ratio above 3.5x. Backlog stood at $38.7 million as of February 27, 2026, while effective backlog, including orders received since quarter end, reached $50.9 million.
3. Key AI and Silicon Photonics Customer Wins
During the quarter Aehr secured production WLBI orders from its lead AI processor customer and multiple FOX-XP WLBI and silicon photonics burn-in system orders for hyperscale data center optical interconnect applications, underscoring accelerating demand for mission-critical AI and photonics devices.
4. Raised Second-Half Bookings Guidance
Based on strong follow-on orders, the company now expects fiscal second-half bookings to reach the high end of its $60 million to $80 million target range, reflecting confidence in sustained demand for both wafer-level and package-level burn-in solutions.