In the most recent quarter one customer accounted for 42.1% of revenue – a customer that was under 10% a year earlier – reflecting a new AI‑dominant account as an older silicon‑carbide client faded. For full FY2025 the top customer was 38.6% of revenue, down from 78.8% two years ago, and the top five made up 77% versus 97% previously. Our filings keep each customer anonymous and even switch the labels between reports, so following a single account across periods is difficult. Okay?

src ▸

AEHR / One customer, forty-two percent

rcpt ▸

/p/p-day-20260803-aehr-src-aehr-customer-concentration-conversation ↗

ts ▸

2026-08-03T06:46:02.935Z