TLDR
- Income dipped, but AI and HPC demand reinforced bookings and future development visibility
- Losses widened short interval of time as Aehr invested in AI, HPC, and evolved take a look at platforms
- Backlog and effective backlog expanded, signaling stronger buyer commitments forward
- Cash phases improved, supporting long-cycle AI programs and product style
- Diversification previous silicon carbide broadens markets and supports FY27 momentum
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Take a look at Methods reported weaker quarterly income while outlining a sharply stronger booking outlook tied to AI and HPC demand. The corporate posted increased losses but expanded backlog, cash phases, and buyer engagement. Due to this, forward visibility improved no topic short-interval of time financial stress.
Income Decline Shows Transition Piece, Whereas Liquidity Strengthens
Aehr Take a look at Methods recorded second quarter fiscal 2026 income of $9.9 million, reflecting slower buyer ordering patterns. The corporate increased total cash, cash equivalents and restricted cash to $31.0 million. This magnify supported ongoing product style and expanding buyer programs across a few semiconductor markets.
The corporate reported a GAAP salvage loss of $3.2 million for the quarter. Non-GAAP outcomes furthermore reflected a loss as working leverage softened with decrease income. Nonetheless, management persisted investments aligned with longer-cycle AI and HPC programs.
For the predominant six months, income reached $20.9 million, reflecting 12 months-over-12 months contraction. Working cash utilization remained cramped at $1.5 million. Therefore, the steadiness sheet remained positioned to present a increase to development initiatives and buyer scaling efforts.
AI And HPC Request Drives Booking Momentum And Backlog Growth
Quarterly bookings reached $6.2 million, while backlog stood at $11.8 million at quarter finish. Effective backlog expanded to $18.3 million after subsequent bookings. This expansion reflected bettering buyer forecasts coming into the fiscal second half of.
Administration projected second half of fiscal 2026 bookings between $60 million and $80 million. These expectations reflected expanding AI processor programs and evolved wafer-level checking out demand. Due to this, the company anticipated a trusty setup for fiscal 2027 development.
Aehr evolved wafer-level burn-in programs for AI processors and high-efficiency computing gadgets. Several customers expanded skill planning and requested extra machine critiques. These engagements supported longer-interval of time income conversion previous the sizzling fiscal 12 months.
Product Diversification Expands Addressable Markets Previous Silicon Carbide
The corporate accelerated progress in packaged-half burn-in systems, particularly for prime-energy AI processors. Orders for Sonoma extremely-high-energy systems exceeded second quarter totals early in the third quarter. This style highlighted rising demand for bundle-level reliability checking out.
Aehr furthermore evolved programs in silicon photonics, memory, and energy semiconductors. Manufacturing ramps for silicon photonics aligned with knowledge heart and optical verbal substitute roadmaps. These trends broadened income sources previous most modern silicon carbide focus.
Administration reinstated guidance for the second half of of fiscal 2026. Income is anticipated between $25 million and $30 million. Non-GAAP salvage loss per diluted half is projected between $0.09 and $0.05, reflecting persisted investment all the diagram by diagram of expansion.
