Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 22

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, assumptions and judgments, including those related to customer programs and incentives, inventories, and income taxes. Our estimates are derived from historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Those results form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. For a discussion of the critical accounting policies, see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the fiscal year ended May 30, 2025.

There have been no material changes to our critical accounting policies and estimates during the three months ended August 29, 2025, compared to those discussed in our Annual Report on Form 10-K for the fiscal year ended May 30, 2025. 

Results of Operations

Discussion of Results of Operations for the Three Months Ended August 29, 2025 compared to the Three Months Ended August 30, 2024

Revenues 

  Three Months Ended      August 29,   August 30,   Percent (Dollars in thousands) 2025  2024  Change Revenues $10,969  $13,119  (16%) 

For the three months ended August 29, 2025, revenue decreased by $2.2 million, compared to the same period in the prior year, primarily driven by lower shipments of contactors due to the ongoing softness in demand for electric vehicles. Contactors revenue decreased by $9.5 million, partially offset by an increase in systems revenue of $6.7 million and an increase in service revenue of $0.6 million.

Revenue by Geography Three Months Ended      August 29,   August 30,   Percent (Dollars in thousands) 2025  2024  Change United States $4,812  $523   820%Europe and Middle East  3,681   18  N.M. Asia  2,476   12,578  (80%) Total revenues $10,969