Aehr Test Systems(AEHR)Earnings, Financials & Key RatiosAehr Test Systems (AEHR) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q3
the company's inability to maintain positive free cash flow, evidenced by a -28.4% FCF margin in 2026Q3, suggests significant execution risk until the Silicon Carbide market cycle recovers.
Aehr Test Systems (AEHR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Aehr Test Systems (AEHR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 7, 2026 | $0.05vs $0.07+28.6% | $10Mvs $11M-5.0% |
| Q1 2026 | Jan 8, 2026 | $0.04vs $0.08+50.0% | $10Mvs $12M-14.5% |
| Q4 2025 | Oct 6, 2025 | $0.01vs $0.01+0.0% | $11Mvs $11M-1.3% |
| Q3 2025 | Jul 8, 2025 | $0.01vs $0.01+33.3% | $14Mvs $15M-5.0% |
Recent stock market news and headlines for Aehr Test Systems (AEHR)
Aehr Test Systems specializes in stress-testing semiconductors to reduce the number of defective chips leaving factories. Aehr is seeing increased interest from hyperscalers and has announced some high-profile orders in recent months.
The now mid-cap semiconductor industry stock Aehr Test Systems NASDAQ: AEHR has continued to trudge higher and higher in 2026. On the year, shares of this semiconductor testing equipment company are up more than 400%.
The now mid-cap semiconductor industry stock Aehr Test Systems NASDAQ: AEHR has continued to trudge higher and higher in 2026. On the year, shares of this semiconductor testing equipment company are up more than 400%.
Aehr Test Systems received a follow-on order for a fully loaded FOX-XP wafer burn-in system from a major silicon photonics customer. This is at least the sixth full-system order Aehr has announced since mid-February.
FREMONT, CA / ACCESS Newswire / June 17, 2026 / Aehr Test Systems (NASDAQ:AEHR), a leading provider of test and burn-in solutions for semiconductor devices used in artificial intelligence (AI), silicon photonics, data center, automotive, and industrial applications, today announced it has received a follow-on production order for a fully automated FOX-XP™ wafer-level burn-in (WLBI) system. The system is configured to test nine wafers in parallel, and includes a fully integrated WaferPak™ Auto Aligner, and a full set of FOX WaferPak Contactors.
Key metrics vs top competitors for Aehr Test Systems (AEHR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $72.33 | $2.27B | -556.35 | -10.95% | -6.63% | -3.34% | — | |
| $58.70 | $2.76B | -36.92 | 12.74% | -11.54% | -6.84% | — | |
| $139.97 | $4.3B | 36.83 | -17.57% | 11.93% | 9.79% | — | |
| $303.86 | $15.12B | 109.30 | 1.82% | 10.33% | 5.19% | — | |
| $95.67 | $3.32B | -62.12 | 11.61% | -5.28% | -7.5% | — | |
| $118.67 | $9.25B | 171.99 | 2.8% | 8.14% | 6.68% | — |
Aehr Test Systems (AEHR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Aehr Test Systems (AEHR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 20, 2026·SEC
Apr 8, 2026·SEC
Apr 7, 2026·SEC
Jul 28, 2025·SEC
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Aehr Test Systems (AEHR) stock FAQ — growth, dividends, profitability & financials explained
Aehr Test Systems (AEHR) reported $45.3M in revenue for fiscal year 2025. This represents a 8% increase from $42.0M in 1997.
Aehr Test Systems (AEHR) saw revenue decline by 10.9% over the past year.
Aehr Test Systems (AEHR) reported a net loss of $11.4M for fiscal year 2025.
Aehr Test Systems (AEHR) has a return on equity (ROE) of -3.3%. Negative ROE indicates the company is unprofitable.
Aehr Test Systems (AEHR) had negative free cash flow of $11.6M in fiscal year 2025, likely due to heavy capital investments.
