Q1 2025 Aehr Test Systems Earnings Call Transcript
Key Points
- Aehr Test Systems (AEHR) reported revenue and non-GAAP net income ahead of consensus estimates for the first quarter of fiscal 2025.
- The company is seeing increasing traction in new markets such as artificial intelligence processors, gallium nitride power semiconductors, and flash memory devices.
- Aehr Test Systems (AEHR) completed the acquisition of Incal Technology, expanding its product portfolio and market opportunities, particularly in the AI semiconductor market.
- The company is making steady progress with new silicon carbide device and module suppliers, expecting to add several new customers this year.
- Aehr Test Systems (AEHR) is optimistic about its silicon carbide business, with customers forecasting capacity expansion needs in calendar 2025.
- First quarter revenue was down 36% from the same period last year, indicating a challenging market environment.
- The company faces risks and uncertainties that could cause actual results to differ materially from forward-looking statements.
- Aehr Test Systems (AEHR) has a significant portion of its revenue dependent on WaferPak sales, which may pose a risk if demand fluctuates.
- The integration of Incal Technology is still in progress, which could present challenges in terms of personnel and manufacturing consolidation.
- The company has not provided specific details on the contribution of mix in its $16 million backlog, leading to potential uncertainty for investors.
Welcome to the Aehr Test Systems fiscal 2025 first-quarter financial results call. (Operator Instructions) Please note this conference is being recorded. I will now turn the conference over to your host, Jim Byers of MKR Investor Relations. You may begin.
Thank you, operator. Good afternoon, and welcome to Aehr Test Systems first-quarter fiscal 2025 financial results conference call. With me on today's call are Aehr Test Systems' President and Chief Executive Officer, Gayn Erickson; and CFO, Chris Siu.
Before I turn the call over to Gayn and Chris, I'd like to cover few quick items this afternoon after market closed. Aehr Test issued a press release announcing its first-quarter fiscal 2025 results. That release is available on the company's website at aehr.com. This call is also being broadcast live over the Internet for all interested parties, and the webcast will be archived on the Investor Relations page of Aehr's website.
I'd like to remind everyone that on today's call, management will be
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