Aehr Test Systems (NASDAQ:AEHR) Q2 2024 Earnings Call: Non-GAAP EPS Beats, Revenue Exceeds Expectations

Aehr Test Systems reported strong second quarter fiscal 2024 financial results, with revenue of $21.4 million, a 45% year-over-year increase, and non-GAAP net income of $6.7 million. The company experienced increased demand for its wafer level burn-in products but reduced its revenue forecast for fiscal 2024 due to delays in customer orders, particularly in the electric vehicle market. Aehr remains confident about the future demand for its semiconductor test solutions and is actively engaged with customers in the silicon carbide and gallium nitride power semiconductor markets, as well as the silicon photonics market.