Earnings Report
AEHR Fiscal Q3: Strong Earnings Report, All Eyes on Next Fiscal Guide
Aehr has been a wild ride since it’s last earnings report. The orders that came in were substantial, including a $25 million order from ON Semi. This order alone is 50% of last year’s $50M in revenue. The company was in the crosshairs of Tesla’s comments about a reduction in silicon carbide in their lower-tier models, and was also in the crosshairs of the failure of Silicon Valley Bank. When it seemed the stock simply couldn’t go any higher, it defied the odds, and marched higher.
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