AEM’s Test Cell Solutions segment grew 57% y-o-y to an all-time high of $682.7 million in FY2022, spurred by a strong ramp in demand by its key customer for both equipment and consumables. This demand was driven in part by a pull-in from 2023 for capacity needs.
AEM Holdings (SGX:AWX
) has reported earnings of $43.9 million in 2HFY2022, down 30% y-o-y while earnings for the full year grew by 38% y-o-y to $126.8 million.
Revenue for the 2HFY2022 was down 11.6% to $330 million. Meanwhile, the company recorded highest annual revenue at $870.5 million for FY2022, up 53.9% y-o-y. This exceeds its revenue guidance for the full year of between $820 million and $850 million on the back of strong demand from existing and new customers.
