Aehr Test Systems receives order for AI processor burn-in evaluation

FREMONT - Aehr Test Systems (NASDAQ:AEHR), whose stock has surged over 145% in the past six months and recently traded near its 52-week high of $25.77, announced Tuesday it has received a purchase order from a leading artificial intelligence processor supplier for a wafer level burn-in application evaluation program. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 5.68, indicating robust operational flexibility.

The paid evaluation includes a custom WaferPak high-power fine-pitch 300mm wafer contactor and production test program development to be conducted at Aehr’s Fremont, California facility using its FOX-XP production systems. With a market capitalization of approximately $743 million, Aehr has established itself as a notable player in the semiconductor testing equipment sector.

The program will validate Aehr’s systems for wafer level burn-in and functional testing of high-performance AI processors on 300mm wafers. The evaluation will demonstrate the company’s custom designed WaferPak wafer contactor, configured to functionally test and deliver hundreds of amps of current to each processor while in wafer form.

Gayn Erickson, President and CEO of Aehr Test Systems, said the evaluation is expected to take approximately three to six months to complete.

"We believe this represents a significant step forward in our engagement with this top-tier AI processor supplier," Erickson stated.

The evaluation aims to highlight advantages of wafer-level burn-in over traditional package-level testing. According to the company, screening devices at the wafer stage enables identification and removal of failures before devices are packaged with other costly components, potentially improving yield and reducing costs.

Aehr’s FOX-XP multi-wafer test system can test and burn-in up to 18 wafers simultaneously with independent resources for each wafer. The company claims it is the only production-proven solution for full wafer-level test and burn-in of high-power devices including silicon carbide power semiconductors and AI processors.

The announcement was made in a press release statement from the company. No financial details of the purchase order were disclosed. While analysts maintain a moderate buy consensus on the stock, InvestingPro analysis indicates the stock may be trading above its Fair Value. Investors seeking deeper insights can access comprehensive analysis and 16 additional ProTips through InvestingPro’s detailed research report, part of its coverage of over 1,400 US stocks.

In other recent news, Aehr Test Systems reported a decrease in fiscal fourth-quarter revenue, posting $14.1 million, down from $16.6 million in the same period last year. The company also experienced a net loss of $2.9 million, contrasting with a GAAP net income of $23.9 million from the previous year. Despite these financial setbacks, Aehr Test Systems announced additional follow-on orders from a leading hyperscaler customer for AI processor testing equipment. These orders include six Sonoma ultra-high-power packaged part burn-in systems, which are set to be shipped from the company’s Fremont, California facility over the next two quarters. Furthermore, the company revealed it has received orders for eight more Sonoma systems, indicating a significant increase in production systems with this customer. These developments highlight the company’s ongoing engagement with high-volume AI processor testing.

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