AEM posts 71.4% QoQ net profit drop in Q1

Net profit fell from $11.7m to $3.3m.

AEM Holdings (AEM) posted a 71.4% quarter-on-quarter (QoQ) drop in net profit from $11.7m to $3.3m in Q12025.

Revenue for the period fell 35.1% QoQ to $86.0m from $132.6m in Q4 2024.

This decline was due to the pull-in of orders by one of the group’s customers from FY2025 into H2 2024.

This was partially offset by high volume manufacturing at its major new Artificial Intelligence (“AI”) / High-Performance Compute (“HPC”) anchor customer.

AEM’s Test Cell Solutions (TCS) received twice as many customers compared to the previous quarter, following its deployment of the automated burn-in system AMPS-BI).

The AMPS-BI system received customer acceptance, with multiple units transitioned into volume production.

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