You might also like
Aehr Test Systems is a leading provider of test solutions for the semiconductor industry, specializing in developing and manufacturing equipment for testing, burning-in, and stabilizing semiconductor devices. The company sells advanced test and burn-in products, including systems for wafer-level and packaged parts, as well as contactors and services, to semiconductor manufacturers worldwide.
- Contactors - Provides WaferPak Contactors and DiePak Carriers used in testing semiconductor devices.
- Systems - Offers test systems for wafer-level and packaged parts, including the FOX-P family of test and burn-in systems.
- Services - Includes service contracts and extended warranties for semiconductor testing equipment.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Gayn Erickson ExecutiveBoard | President, Chief Executive Officer | Gayn Erickson has served as the President, Chief Executive Officer, and a member of the Board at Aehr Test Systems since January 2012. He has over 35 years of experience in the semiconductor test industry and previously served as Senior Vice President and General Manager at Verigy Ltd. and as Vice President of Marketing and Sales for Semiconductor Memory Test Products at Agilent Technologies. | View Report → | |
Adil Engineer Executive | Chief Operating Officer (COO) | Adil Engineer is the Chief Operating Officer (COO) at AEHR since April 6, 2022. He brings over 20 years of experience in the semiconductor and medical equipment industries, having held roles at Tecan, Kateeva, Coherent, and KLA-Tencor. | ||
Alistair N. Sporck Executive | Vice President of the Contactor Business Unit | Alistair N. Sporck joined Aehr Test Systems as Vice President of the Contactor Business Unit in July 2022. Previously, he served as Vice President of Design at Formfactor Inc. for 17 years and held various roles in Product Engineering at LSI Logic for 13 years. | ||
Avi Ray-Chaudhuri Executive | Executive Vice President of Research and Development | Avi Ray-Chaudhuri served as Executive Vice President of Research and Development at AEHR since September 18, 2023, replacing Don Richmond who transitioned to CTO. Previously, he held senior leadership roles as VP of Engineering at KLA Corporation, Lumentum, and FARO Technologies. | ||
Chris P. Siu Executive | Executive Vice President of Finance, Chief Financial Officer, and Secretary | Chris P. Siu is the Executive Vice President of Finance, Chief Financial Officer, and Secretary at AEHR since June 2023. Previously, he served in senior financial roles at Ultra Clean Technologies and held executive positions at GlobalFoundries, Trident Microsystems, and in public accounting. | ||
Donald P. Richmond II Executive | Chief Technology Officer | Donald P. Richmond II is the Chief Technology Officer at Aehr Test Systems since September 2023, having previously served as Vice President of Engineering from March 2018 and started his career at AEHR as a Senior Electrical Engineer in 1998. | ||
Vernon Rogers Executive | Executive Vice President of Sales and Marketing | Vernon Rogers is the Executive Vice President of Sales and Marketing at Aehr Test Systems since October 2018, with over 22 years of experience in the semiconductor and test industries. He previously held senior roles in sales and marketing at companies such as GES, LitePoint, Credence Systems, NPTest, Schlumberger Automated Test Equipment, and FlexStar Technology. | ||
Fariba Danesh Board | Director of AEHR Test Systems | Chief Operating Officer at PsiQuantum | Fariba Danesh has been a director at AEHR Test Systems since May 2021. She also serves as the Chief Operating Officer at PsiQuantum since January 2021, bringing with her decades of experience from roles such as CEO of Glo AB and various executive positions. | |
Geoffrey G. Scott Board | Director | Private Investor | Geoffrey G. Scott has served as a Director at Aehr Test Systems since September 2020. He brings decades of corporate finance experience from his previous roles, including his tenure as President of Scott Asset Management (1995-2017) and his ongoing role as a Private Investor since 2017. | |
Howard T. Slayen Board | Director of AEHR Test Systems | Independent Financial Consultant; Non-Profit Organization Director/Committee Member | Howard T. Slayen has served as a director of AEHR Test Systems since 2008 and is the Chair of the Audit Committee. He brings extensive experience in financial consulting and corporate finance, having previously been an independent financial consultant since June 2001 and served as CFO at Quaartz Inc. from October 1999 to May 2001. | |
Laura Oliphant Board | Director | Laura Oliphant has been a Director at AEHR Test Systems since July 2019. She brings extensive experience from previous roles including serving as CEO of Translarity (2016–2018) and as Investment Director at Intel Capital. | ||
Rhea J. Posedel Board | Chairman of the Board | Rhea J. Posedel is the founder and Chairman of the Board at Aehr Test Systems since 1977. He previously served as the CEO from 1977 until January 2012 and as Executive Chairman from January 2012 to March 2013. |
-
Given that revenue has been relatively flat at $65 million to $70 million for the past three years, can you provide clarity on when you expect to see a significant inflection point in sustainable top-line growth, and what factors will drive that growth?
-
With the decline in gross margins due to the lower-margin Incal products, how do you plan to address this margin pressure, and can we expect margins to improve as the product mix changes in the future?
-
Considering the recent patent infringement lawsuit in China and the geopolitical trade tensions, how are you managing the risks associated with your revenue and bookings from Chinese customers, and what impact could this have on your guidance?
-
Given that some customer orders were delayed beyond the quarter end, leading to a revenue shortfall, can you elaborate on the issues causing these delays and what measures you're taking to prevent such timing issues in the future?
-
While you've mentioned significant opportunities in new markets like AI processors, gallium nitride, and flash memory, can you provide more specific timelines and details on when these markets will meaningfully contribute to your revenue growth?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Incal Technology, Inc. | 2024 |
Recent press releases and 8-K filings for AEHR.
- Revenue increased by 142% YoY to $18.3M, driven by strong shipments of the new FOX-XP wafer-level burn-in systems for AI processors and significant market diversification (from over 90% silicon carbide to less than 40%).
- Effective backlog rose to $21.8M following robust bookings, even as near-term tariff uncertainties led the company to temporarily withdraw its guidance for the quarter.
- Product integration and expansion efforts advanced, with the successful integration of the InCal acquisition and the introduction of new systems targeting AI, GaN, and hard disk drive markets.