Why Are Aehr Test Systems Shares Surging Wednesday?
Portfolio Pulse from Vaishali Prayag
Aehr Test Systems (NASDAQ:AEHR) shares surged by 23.7% following strong fiscal Q4 2024 results and optimistic FY25 guidance. The company reported net revenue of $16.6 million and non-GAAP net income of $0.84 per share, both beating estimates. Aehr projects FY25 revenue of $70 million, surpassing the consensus estimate. The company also highlighted its success in the silicon carbide power semiconductor market and announced the acquisition of Incal Technology.
July 17, 2024 | 7:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Aehr Test Systems shares surged 23.7% following strong fiscal Q4 2024 results and optimistic FY25 guidance. The company reported net revenue of $16.6 million and non-GAAP net income of $0.84 per share, both beating estimates. Aehr projects FY25 revenue of $70 million, surpassing the consensus estimate. The company also highlighted its success in the silicon carbide power semiconductor market and announced the acquisition of Incal Technology.
The strong fiscal Q4 results and optimistic FY25 guidance, along with the company's success in the silicon carbide power semiconductor market and the acquisition of Incal Technology, are likely to positively impact Aehr Test Systems' stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100