Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 42

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1
Chunk 42
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Year Ended        May 30,  May 31,  May 31,           (Dollars in thousands) 2025  2024  2023  FY 2025 vs FY 2024 FY 2024 vs FY 2023 Asia $37,095  $58,076  $55,609  $(20,981) (36.1%)   2,467   4.4%United States  17,673   3,532   9,289   14,141   400.4%  (5,757) (62.0%)  Europe  4,200   4,610   63   (410) (8.9%)  4,547  N.M.   Total revenues $58,968  $66,218  $64,961  $(7,250) (10.9%) $1,257   1.9% Asia as a percentage of total revenues  62.9%  87.7%  85.6%                 United States as a percentage of total revenues  30.0%  5.3%  14.3%                 Europe as a percentage of total revenues  7.1%  7.0%  0.1%                 

 25 

N.M.-Not meaningful

On a geographic basis, revenues represent products that were shipped to or services that were performed at our customer locations. For fiscal year 2025, revenue declined in Asia primarily due to continued softness in the power semiconductor demand for electric vehicles. This decline was partially offset by revenue growth in the United States, driven by much higher systems and contactors sales to customers that focus on the artificial intelligence market.

For fiscal year 2024, total revenues increased compared to the same period in the prior year due to an increase in international revenues as a result of more shipments to our customers in Europe and Asia, partially offset by the decline in revenue from a customer in the United States. 

Gross Margin

Gross Profit  Year Ended        May 30,  May 31,  May 31,           (Dollars in thousands) 2025  2024  2023  FY