Aehr Test Systems
AEHRQ1 2024(AEHR Q3 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$14.5M
AI Revenue (Q)
$262,380
Total Revenue (Q)
$13.1M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 (ended Feb 29, 2024): Quarterly revenue = $49.6M (9mo) - $42.1M (6mo) = $7.6M. Sharp revenue decline -- lowest quarter in years. Customer A (likely SiC customer) was 59.6% of Q3 and 65.8% of 9-month revenue. Customer B was 19.3% of Q3. The 10-K FY2024 later mentions 'delays in expected customer orders and increased frequency of customers rescheduling' in H2 FY2024. SiC market softening. Silicon photonics may represent a slightly higher percentage of a much smaller revenue base. Estimate ~2% AI from silicon photonics orders.
Analyzed by claude-opus-4-6
Quoted Figures
Three Months Ended February 29, 2024: Revenue $7,563 thousand (Product $6,730, Services $833)
10-Q Q3 FY2024, Condensed Consolidated Statements of Operations
Customer A: 59.6% of revenue for three months ended February 29, 2024; Customer B: 19.3%
10-Q Q3 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