It will provide guidance for the second half of the year when it reports its earnings on Aug 13
[SINGAPORE] Semiconductor test solutions provider AEM has raised its revenue guidance for the first half of the financial year ending Jun 30 to between S$185 million and S$195 million, up from an earlier range of S$155 million to S$170 million.
The upward revision follows an unexpected pull-in of orders into FY2025 from one of the group’s customers under a non-cancellable, long-dated purchase order programme, carried out for the customer’s inventory management purposes, AEM said on Thursday (Jun 26).
Despite the revision, AEM said its view of the business environment remains unchanged from its previous update in May, when it noted uncertainty stemming from the current tariff situation.
Nonetheless, the group said then it remains confident in its long-term growth prospects and its differentiation in thermal technology – a critical enabler for testing artificial intelligence and high-performance computing devices, as well as chiplet-based advanced packages.
In May, AEM reported a 42.9 per cent year-on-year increase in net profit for the first quarter of FY2025 ended March.
Net profit rose to S$3.3 million from S$2.3 million, with a corresponding net profit margin of 3.9 per cent, up from 2.5 per cent in Q1 FY2024.
However, revenue for the quarter declined 8.7 per cent to S$86 million, down from S$94.2 million the year before.
AEM said it will provide guidance for the second half of the year when it reports its earnings on Aug 13.
At 12 pm, shares of AEM were up 5.4 per cent or S$0.07 at S$1.37.
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