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Aehr Test Systems (AEHR) is among the under-the-radar ideas that have skyrocketed in the last 52 weeks. During this period, AEHR stock has returned over 900%. While the financials look weak, the big rally has been backed by structural industry tailwinds and significant order intake in the recent past.
Recently, Aehr secured an order worth $41 million from a hyperscale AI customer. This is the largest order in the company’s history, with deliveries scheduled to begin in FY27 (June 27, 2026). With this order, the bookings in the second half of the FY have swelled to $92 million, and this sets the stage for robust growth in the coming quarters.