William Blair lifts Aehr Test Systems fair value to $50–$70 after $14M order
William Blair upgraded Aehr Test Systems to Outperform from Market Perform and set a $50–$70 fair value, projecting a 30% share of a $1.5–$2.3 billion AI burn-in tools market by 2030. Aehr also secured a $14 million order for FOX systems and WaferPak equipment from its lead AI processor customer.
1. Analyst Upgrade and Fair Value Estimate
William Blair upgraded Aehr Test Systems to Outperform from Market Perform on March 2 and estimated a $50 to $70 per share fair value. The firm projects Aehr could capture 30% of a $1.5 to $2.3 billion AI burn-in tools market by 2030.
2. $14 Million AI Order
On February 26, Aehr Test Systems received a $14 million order from its lead AI processor customer for FOX systems, WaferPak contactors and automated aligners targeting wafer-level burn-in of data center training and inference chips. Shipments are scheduled over the next six months.
3. Market Potential and Product Portfolio
Aehr designs, manufactures and sells test and burn-in equipment including FOX-XP, FOX-NP and FOX-CP systems along with WaferPak full-wafer contactors, DiePak carriers and automated aligners. These products support both package-level and wafer-level burn-in across semiconductor devices, underpinning the company’s expansion in AI and telecommunications markets.