Aehr Test Systems falls over 15% after guidance, amid declining EV sales

Shares of semiconductor test solutions firm Aehr Test Systems (AEHR) are down 16% or $3.50 per share in after-hours trading on Tuesday to $18.87 per share after CEO Gayn Erickson warned that declining electric-vehicle-sales growth has impacted “timing of several current and new customer orders and capacity increases for silicon carbide devices used in them.”…The CEO added, “While we have seen delays in orders from our automotive customers, we are seeing a pick-up in opportunities for SiC wafer level burn-in for applications outside of the electric vehicle market, including industrial, solar, and commuter electric trains as the efficiency and value of SiC is being recognized for these additional markets.” Other listed companies in the space include Teradyne (TER), Kulicke & Soffa (KLIC), inTEST (INTT), Cohu (COHU), and Veeco Instruments VECO).