Aehr Test Systems logo

Aehr Test Systems

AEHR

NASDAQTechnologySemiconductors

Previous close

$101.73

−$4.24 · -4.00%

Aug 21, 4:00 PM ET

Pre-market

$97.00

−$4.73 · -4.65%

Aug 24, 8:56 AM ET

AEHR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Strong Sell

Exit — multiple negative signals converging

Valuation

2

Overpriced

Momentum

44

Neutral

Sentiment

43

Mixed

Risk resilience

21

High Risk

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Company profile

Company website

Aehr Test Systems, founded in 1977 and based in Fremont, California, specializes in the global provision of advanced burn-in and test systems for integrated circuits, encompassing logic, optical, and memory devices. Its extensive product lineup includes the ABTS and FOX-P families of test and burn-in solutions, complemented by specialized components such as the FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is specifically designed for both production and qualification assessments of packaged parts, covering a range of lower and higher power logic devices, as well as various memory types. For more complex integrated circuits like memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices, the FOX-XP and FOX-NP systems facilitate burn-in and functional testing at both the wafer and individual die/module levels. Aehr's FOX-CP system offers a compact, single-wafer solution for verifying the reliability of logic, memory, and photonic devices. A distinguishing offering, the WaferPak Contactor, features an exclusive full-wafer probe card, accommodating wafers up to 300mm, which enables semiconductor manufacturers to conduct comprehensive wafer-level testing and burn-in on Aehr's FOX platforms. Furthermore, the DiePak Carrier provides a reusable, temporary packaging medium, empowering IC manufacturers to complete final testing and burn-in processes for bare die and modules.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Gayn Erickson
Listed since
Aug 15, 1997
Employees
138

Market position

Day range

Current $101.73

52-week range

Current $101.73

Open
$109.21
Previous close
$105.97
Volume
1.93M
0.71× average
Average volume
2.73M
Average daily volume
Market cap
3.32B USD
Beta
3.09
Market reference 1
50-day average
$95.1592
+6.91% above average
200-day average
$59.6254
+70.62% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-442.3×
P/B (TTM)
14.21×
P/S (TTM)
65.17×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
34.67%
Operating margin
-27.80%
Net margin
-14.00%

Financial health

Debt / equity
0.05×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%27%-5%-36%Gross margin, FY2022: 46.56%Gross margin, FY2023: 50.41%Gross margin, FY2024: 49.15%Gross margin, FY2025: 40.59%Gross margin, FY2026: 35.30%Operating margin, FY2022: 15.35%Operating margin, FY2023: 20.59%Operating margin, FY2024: 15.22%Operating margin, FY2025: -7.31%Operating margin, FY2026: -28.30%Net margin, FY2022: 18.59%Net margin, FY2023: 22.41%Net margin, FY2024: 50.07%Net margin, FY2025: -6.63%Net margin, FY2026: -14.25%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 46.56%. Gross margin FY2023 50.41%. Gross margin FY2024 49.15%. Gross margin FY2025 40.59%. Gross margin FY2026 35.30%. Operating margin FY2022 15.35%. Operating margin FY2023 20.59%. Operating margin FY2024 15.22%. Operating margin FY2025 -7.31%. Operating margin FY2026 -28.30%. Net margin FY2022 18.59%. Net margin FY2023 22.41%. Net margin FY2024 50.07%. Net margin FY2025 -6.63%. Net margin FY2026 -14.25%.

Income trends

Revenue

50M USD-15.21%

Operating income

−14.15M USD-228.05%

Net income

−7.13M USD-82.25%
Income trends across reported periods74.25M USD42.11M USD9.96M USD−22.19M USDRevenue, FY2022: 50.83M USDRevenue, FY2023: 64.96M USDRevenue, FY2024: 66.22M USDRevenue, FY2025: 58.97M USDRevenue, FY2026: 50M USDOperating income, FY2022: 7.8M USDOperating income, FY2023: 13.38M USDOperating income, FY2024: 10.08M USDOperating income, FY2025: −4.31M USDOperating income, FY2026: −14.15M USDNet income, FY2022: 9.45M USDNet income, FY2023: 14.56M USDNet income, FY2024: 33.16M USDNet income, FY2025: −3.91M USDNet income, FY2026: −7.13M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 50.83M USD. Revenue FY2023 64.96M USD. Revenue FY2024 66.22M USD. Revenue FY2025 58.97M USD. Revenue FY2026 50M USD. Operating income FY2022 7.8M USD. Operating income FY2023 13.38M USD. Operating income FY2024 10.08M USD. Operating income FY2025 −4.31M USD. Operating income FY2026 −14.15M USD. Net income FY2022 9.45M USD. Net income FY2023 14.56M USD. Net income FY2024 33.16M USD. Net income FY2025 −3.91M USD. Net income FY2026 −7.13M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue50M USD58.97M USD66.22M USD64.96M USD50.83M USD
Cost of goods sold32.35M USD35.04M USD33.68M USD32.22M USD27.16M USD
Gross profit17.65M USD23.93M USD32.54M USD32.75M USD23.67M USD
Research and development12.63M USD10.46M USD8.72M USD7.13M USD5.82M USD
Selling, general, and administrative19.16M USD17.78M USD13.75M USD12.24M USD10.05M USD
Operating expenses31.8M USD28.25M USD22.47M USD19.37M USD15.87M USD
Interest income1.36M USD1.4M USD2.39M USD1.25M USD13K USD
Depreciation and amortization3.39M USD1.36M USD450K USD307K USD
Operating income−14.15M USD−4.31M USD10.08M USD13.38M USD7.8M USD
Net income−7.13M USD−3.91M USD33.16M USD14.56M USD9.45M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+254.45%
11 comparable reports
Latest EPS result
0.11
Estimate -0.01 · Beat by 1200.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.150.06-0.03-0.12Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MetQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 13, 2025: actual 0.02, estimate 0.03, surprise -33.33%, Miss. Q2 2025, reported Apr 8, 2025: actual 0.07, estimate 0.01, surprise +600.00%, Beat. Q3 2025, reported Jul 8, 2025: actual -0.01, estimate -0.015, surprise +33.33%, Beat. Q4 2025, reported Oct 6, 2025: actual 0.01, estimate 0.01, surprise 0.00%, Met estimate. Q1 2026, reported Jan 8, 2026: actual -0.04, estimate -0.08, surprise +50.00%, Beat. Q2 2026, reported Apr 7, 2026: actual -0.05, estimate -0.07, surprise +28.57%, Beat. Q3 2026, reported Jul 14, 2026: actual 0.11, estimate -0.01, surprise +1200.00%, Beat. Q4 2026, reported Oct 5, 2026: actual —, estimate 0.1, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates28.41M21.78M15.16M8.53MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 13, 2025: actual 13.45M USD, estimate 19.68M USD, surprise -31.63%, Miss. Q2 2025, reported Apr 8, 2025: actual 18.31M USD, estimate 14.83M USD, surprise +23.47%, Beat. Q3 2025, reported Jul 8, 2025: actual 14.09M USD, estimate 14.82M USD, surprise -4.95%, Miss. Q4 2025, reported Oct 6, 2025: actual 10.97M USD, estimate 11.12M USD, surprise -1.34%, Miss. Q1 2026, reported Jan 8, 2026: actual 9.9M USD, estimate 11.58M USD, surprise -14.48%, Miss. Q2 2026, reported Apr 7, 2026: actual 10.3M USD, estimate 10.85M USD, surprise -5.03%, Miss. Q3 2026, reported Jul 14, 2026: actual 18.8M USD, estimate 18.69M USD, surprise +0.61%, Beat. Q4 2026, reported Oct 5, 2026: actual —, estimate 27.04M USD, surprise —, Comparison unavailable.

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