Aehr Test Systems (NASDAQ:AEHR) announced that it has secured a major new customer in the silicon photonics market, a global networking leader that is developing advanced photonic transceivers for data‑center networking. The customer’s initial order is valued at roughly $10 million and includes a high‑power FOX‑XP wafer‑level burn‑in system along with additional systems for engineering qualification and high‑volume production, such as a FOX‑XP configured to test nine 300‑mm wafers in parallel, a WaferPak Auto Aligner, multiple FOX‑NP WLBI systems, and full sets of FOX WaferPak contactors.
The order is scheduled to ship in Aehr’s fiscal fourth quarter, ending May 29 2026. The FOX‑XP system’s ability to test nine wafers simultaneously at up to 3,500 watts per wafer gives it a technological edge over traditional packaged‑part testers and positions Aehr to capture a growing share of the AI processor testing market, which management estimates could be three to five times larger than its historical silicon carbide business.
Financially, the company reported Q2 fiscal 2026 revenue of $9.88 million, below consensus estimates of $11.45 million, and a non‑GAAP net loss per diluted share of $(0.04) versus the consensus of $(0.08). The gross margin contracted to 29.8% from 45.3% a year earlier, reflecting pricing pressure and higher cost inputs. Management reinstated its second‑half fiscal 2026 guidance on January 8, 2026, projecting revenue of $25 million to $30 million and a non‑GAAP net loss per diluted share of $(0.09) to $(0.05).
President and CEO Gayn Erickson said the win “confirms the importance of wafer‑level burn‑in in silicon photonics manufacturing and highlights the potential for silicon photonics to become a meaningful long‑term growth driver for Aehr’s WLBI business.” He added that the customer’s purchase of systems for both engineering qualification and high‑volume production reflects the urgency of the ramp to support the massive buildout of hyperscale AI and cloud data centers.
The new customer order strengthens Aehr’s competitive moat, provides a new revenue stream that is expected to span multiple quarters, and signals confidence in its wafer‑level burn‑in technology. The company’s focus on silicon photonics aligns with the rapid expansion of AI and data‑center infrastructure, positioning Aehr to benefit from a market that could grow to $15 billion in the coming years.
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