Shares of Aehr Test Systems (NASDAQ:AEHR) tumbled 20% after the company reported a year-over-year decline in revenue for its fiscal fourth quarter, along with a swing to a net loss.
The semiconductor testing equipment maker generated $14.1 million in revenue for the quarter, down from $16.6 million in the same period a year earlier. The company also reported a net loss of $2.9 million, compared to GAAP net income of $23.9 million in the prior-year quarter.
In a statement accompanying the results, the California-based firm pointed to delays in customer orders, highlighting the ongoing effects of trade-related uncertainty:
“We continue to experience some timing-related delays in order placements due to tariff-related uncertainty, particularly in our first quarter,” the company said.
Due to these headwinds, Aehr is taking a conservative stance with its forward guidance. Management noted that while they expect order growth across most business segments, they are not providing updated financial projections, and warned that the silicon carbide segment may not see similar gains.
The lackluster results and cautious outlook come amid broader challenges in the semiconductor equipment sector, where supply chain constraints, tariffs, and fluctuating demand have weighed on performance.
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