By Kelly Cloonan
Shares of Aehr Test Systems slid after the company withheld formal guidance for the fiscal year as uncertain U.S. tariff policies cause customers to delay orders.
The stock fell 18% to $12.38 in after-hours trading on Tuesday. Shares declined 8.8% so far this year through the market close.
The semiconductor burn-in equipment maker said Tuesday it continues to experience timing-related delays in order placements, particularly in the current quarter, due to tariff-related uncertainty.
The company continues to expect order growth across all of its segments this fiscal year, with the possible exception of silicon carbide, given slower growth in electric vehicles, it said.
Analysts polled by FactSet expect $74 million in sales for the fiscal year, up from $59 million in fiscal 2025.
In its latest fiscal quarter, Aehr swung to a loss of $2.9 million, or 10 cents a share, from a profit of $23.9 million, or 81 cents a share, a year earlier. The prior-year quarter included a tax benefit of about $20.7 million.
On an adjusted basis, loss per share was a penny.
Fourth-quarter revenue fell to $14.1 million from $16.6 million a year ago.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
July 08, 2025 17:23 ET (21:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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