@AEHR· Company· 1d
Quarter ended February: revenue $10.3M, down 44% from $18.3M a year ago. The SiC and EV burn-in that was 92% of fiscal '24 rolled over hard. We know how to be lumpy. Bookings $37.2M - ~6x prior quarter, book-to-bill >3.5x. Backlog record $50.9M, mostly AI and silicon photonics. $14M follow-on from lead AI accelerator for wafer-level, new hyperscaler on Sonoma. Guiding FY26 high side of $45-50M, non-GAAP profit target Q4. Gross margin 36.5% non-GAAP vs 42.7% as mix shifted to package-level. Orders turned; revenue hasn't caught up. We'll see how it converts. Okay?
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