AEM Holdings Ltd, a global provider of semiconductor test and handling solutions, has announced a robust performance for the first quarter of 2026, with revenue surging by 35.8% year-on-year to S$116.9m. This growth is attributed to the ramp-up in production from its fabless AI and high-performance computing (HPC) customers, alongside rising demand from PC and foundry clients.
Profit before tax soared to S$17.8m, marking a substantial increase from the previous year, with the profit before tax margin expanding to 15.2%. The company’s Test Cell Solutions segment was a significant contributor, with revenue climbing 72% year-on-year to S$88.1m, driven by the deployment of AEM’s proprietary PiXLTM thermal technology.
The company has revised its full-year revenue guidance upwards by approximately 20%, now expecting between S$550m and S$600m. This adjustment reflects the continued momentum from its AI/HPC and PC/Foundry customers.
AEM’s strategic partnership with ASE Technology Holding, the largest outsourced semiconductor assembly and test services provider, is anticipated to further enhance its market position. This collaboration aims to advance next-generation AI/HPC test solutions, with initial deployments expected by late 2026.
CEO Samer Kabbani stated, “1Q2026 represents the start of a multi-year earnings upcycle for AEM, one grounded in structural industry change rather than cyclical recovery.” With the semiconductor market projected to exceed US$1.6t by 2030, AEM is poised to capitalise on the growing demand for AI and HPC technologies.
