AEM shares soar for second day after company reports strong demand from AI customer

Shares surged as much as 21 per cent to $2.99 in the morning, after closing up 21.7 per cent on Feb 26. Read more at straitstimes.com.

SINGAPORE - Semiconductor testing equipment maker AEM Holdings on Feb 27 saw its shares soar for a second day after it reported strong demand from a second artificial intelligence/high performance computing customer.

The stock surged as much as 21 per cent to $2.99 in the morning before easing to $2.92 at the midday break, up 45 cents or 18.2 per cent from the previous day’s close. About 16.4 million shares changed hands.

A day earlier, AEM shares rallied 21.7 per cent after the company reported that net profit for the year ended Dec 31 surged 47.8 per cent to $17.1 million, from $11.6 million in the previous year.

AEM said in its results statement that growth was primarily driven by the successful ramp up to high-volume manufacturing for the second AI customer, which more than offset a decline in revenue attributed to another of its customers.

Based on current visibility, demand from that customer is robust and revenue contribution is anticipated to grow significantly in 2026, said the company. It added that the ramp up is in response to strong demand for next-generation chips.

AEM guided for 2026 revenue in the range of $460 million to $510 million. For 2025, revenue rose 5 per cent to $399.3 million.