Aehr Test Systems (AEHR) Q3 2025 Earnings Report

Aehr Test Systems achieved outstanding results in Q3 2025, with revenues reaching $18.3 million, representing a remarkable 142% increase year-over-year. This surge was primarily driven by the introduction and successful sales of the high-power FOX-XP systems for AI processor testing, which marks a significant diversification from the company’s traditional focus on silicon carbide. Management emphasized the importance of expanding into high-growth markets, notably AI processors and gallium nitride semiconductors, where recent wins have reduced revenue dependency on silicon carbide from 90% to less than 40%. Although the company is facing headwinds from potential tariffs that could affect supply chain and customer orders, management remains optimistic about navigating these challenges and exceeding current financial forecasts.