AEM Holdings has raised its revenue guidance for 1HFY2025 ending June 30, sending its shares up 14.52% for the day to close at $1.42.
From an initial range of $155 million to $170 million, the chip tester now expects revenue to reach between $185 million and $195 million, says the company before market opened on June 26.
"The revised guidance is a result of an unexpected pull-in of orders into FY2025 from one of the group’s customers under the non-cancellable, long-dated purchase order program for the customer’s inventory management purposes," says AEM.
"The group’s view of the business environment remains the same as its last update on May 13.
"The group will provide guidance for 2HFY2025 when it reports its earnings Aug 13," says AEM.
