What happened Shares of Aehr Test Systems (NASDAQ: AEHR) were skyrocketing this morning after the company reported better-than-expected first-quarter fiscal 2022 results late yesterday. The company's bookings hit a new record, and management raised its revenue guidance for the full year as a result of the strong quarter. The tech stock was up an astonishing 33.7% at 11:49 a.m. EDT. So what Aehr Test Systems reported net revenue of $5.6 million in the quarter, a 181% jump year over year. Additionally, the company's bookings reached a record $20.7 million in the quarter. Image source: Getty Images. Investors were also impressed that the company's adjusted (non-GAAP) loss per share of $0.02 was better than Wall Street's consensus estimate of $0.03. Aehr's CEO, Gayn Erickson, talked about the company's results in a press release, saying, "As we discussed and anticipated last year during the beginning of the COVID-19 pandemic, we have emerged a stronger company, with more production customers, more markets and applications, and higher-value products than we had before the start of the pandemic." As a result of the company's strong first quarter, management raised Aehr's full-year revenue outlook by a staggering 80% -- to $50 million for fiscal 2022. Now what It's no surprise that investors are happy to see Aehr raise its full-year revenue guidance by such a significant percentage. The company's massive share price jump comes on the heels of Aehr's impressive gains over the past year, as the company's stock has climbed nearly 1,000% over the past 12 months. And with Aehr already starting its fiscal 2022 with a bang, investors may have more to look forward to in the coming quarters. 10 stocks we like better than Aehr Test SystemsWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Aehr Test Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 17, 2021 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source