Ok - not sure if anyone saw the AEHR Test Systems results announcement but leaving aside the results themselves, they are one of the first companies to announce post Trump’s tariff D day and they pulled their guidance. (As in withdrew rather than lowered/dropped).
Whilst they don’t foresee being in line for a primary impact by tariffs, they are citing secondary impact uncertainty around their customers for the reason to withdraw full year guidance. The after market is still up for them.
This will be interesting to watch in terms of how other companies reporting frame the tariff impact, where that leaves them in terms of forward guidance and how the street reacts.
Ant
ps - this isn’t meant to be a political observation but calling out a potential harbinger of results season risk.