Meanwhile, AEM remains a key supplier to its main customer Intel Corp, with further upside if Intel's move to provide foundry services gains traction.
AEM Holdings has surged by nearly 90% since its FY2025 results announcement and Amanda Tan of DBS Group Research believes the run has legs, as she raised her target price for AEM Holdings from $3.30 to $4.60, given the chip tester's strong growth, improving diversification and favourable sector tailwinds.
Specifically for AEM, it is gaining strong traction with a new key customer, which has given the company the confidence to raise its sales guidance of up to $510 million this FY2026, up from just below $400 million generated for FY2025.
