Aehr Test Systems (AEHR) saw its stock plummet 8.72% in after-hours trading on Thursday following the release of its fiscal Q2 earnings report, which revealed a significant revenue miss and a swing to a net loss.
The semiconductor test supplier reported Q2 revenue of $9.884 million, falling short of the $11.590 million analyst consensus estimate. Adjusted net income was a loss of $1.29 million, compared to a profit in the same period last year. The company also provided a cautious outlook for the second half of fiscal 2026, projecting revenue between $25 million and $30 million and a non-GAAP net loss per diluted share.
Investors reacted negatively to the weaker-than-expected results and guidance, driving the stock lower in extended trading. The miss was attributed to softer-than-anticipated sales during the quarter, despite strategic partnerships and expansion into new markets like silicon photonics.
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