Aehr Test Systems
AEHRQ3 2023(AEHR Q1 FY2024)Estimated1% AI
AI Revenue %
1%
AI Fair Value
$6.9M
AI Revenue (Q)
$75,630
Total Revenue (Q)
$7.6M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (ended Aug 31, 2023): Revenue $20.6M. One customer accounted for 90.8% of Q1 revenue (~$18.7M), almost certainly SiC/EV customer. Filing is a 10-Q with no expanded market discussion. No Incal yet. Silicon photonics remains a small niche. AI revenue estimate ~1%, derived from small silicon photonics orders potentially serving AI data center infrastructure.
Analyzed by claude-opus-4-6
Quoted Figures
Three Months Ended August 31, 2023: Revenue $20,624 thousand (Product $19,357, Services $1,267)
10-Q Q1 FY2024, Condensed Consolidated Statements of Operations
Customer C: 90.8% of revenue for three months ended August 31, 2023
10-Q Q1 FY2024, Note 1 Concentration of Credit Risk
AI Products Identified (Ring 1)
FOX-P systems for silicon photonics wafer-level burn-in (partial AI adjacency)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Silicon photonics burn-in for data center optical interconnects
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix