AEM Holdings' stock soared 3.35% during intraday trading on Friday, continuing its strong performance momentum.
The surge follows the company's impressive first-quarter 2026 results, which showed revenue rising 35.8% year-on-year to S$116.9 million and net profit surging 329.4% to S$14.3 million. Management has also raised its full-year 2026 revenue guidance by approximately 20% to a range of S$550 million to S$600 million.
The growth is primarily driven by a high-volume production ramp for AEM's fabless AI/HPC customer, which is on track to become the company's largest revenue contributor this year. The market is repricing semiconductor cycle exposure, particularly in the AI/HPC segment, contributing to the stock's upward movement.
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