Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 33

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 2
Chunk 33
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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  $13,119  (16%) United States as a percentage of total revenues  43.9%  4.0%    Europe and Middle East as a percentage of total revenues  33.5%  0.1%    Asia as a percentage of total revenues  22.6%  95.9%    

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 the three months ended August 29, 2025, compared to the same period in the prior year, revenue decreased in Asia due to the ongoing softness in demand for electric vehicles, which was partially offset by increases in FOX-P systems sold in the United States, Europe and Middle East. 

 19Table of Contents

Gross Margin

  Three Months Ended      August 29,   August 30,   Percent (Dollars in thousands) 2025