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Aehr Test Systems(NASDAQ) AEHR

Market Cap$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1997)+887%
5 Year+2,145%
1 Year+536%
1 Month+52%
$123.45
-15.22%
-22.16Today
After hours$120.93-$2.52 (-2.04%)
Aehr Test Systems last closing stock price
MetricPriceDate
Last closeUSD 123.252026-08-18
Aehr Test Systems stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+5.18%USD 117.182026-08-11
1 month+52.07%USD 81.052026-07-17
3 month+49.68%USD 82.342026-05-20
Year to date+510.45%USD 20.192025-12-31
1 year+535.64%USD 19.392025-08-18
3 year+204.85%USD 40.432023-08-18
5 year+2,144.99%USD 5.492021-08-19
Since inception+887.19%USD 14.751997-08-15

Aehr Test Systems Financials at a Glance

Market Cap

$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$50.92M

Net Income (TTM)

-$7.13M

EPS (TTM)

-$0.24

P/E Ratio

-515.47

Dividend

$0.00

Beta (Volatility)

2.60 (High)

Price

$123.45

Volume

37,564.367

Open

$135.58

Previous Close

$123.25

Daily Range

$121.14 - $141.38

52-Week Range

$16.38 - $147.40

Estimated Earnings Date

Oct 5, 2026

AEHR News

SellAlert-Purple.png

Aehr Test Systems' CEO Sells Shares Worth $5.2 Million After a 564% Rally in Price. Here's a Closer Look at the Transaction.

Robert IzquierdoAug 14, 2026
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An Aehr Test Systems Vice President Sells 1,000 Shares as the Stock Soars. Here's a Deeper Look at the Transaction.

Robert IzquierdoAug 11, 2026
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An Aehr Test Systems Director Is Among the Insiders Selling with 20,000 Shares Sold for Over $2 Million. Here Are Insights into the Transaction.

Robert IzquierdoAug 5, 2026
msft-aehr_quarter_revenue_bar_primary_standard_limit8.png

Microsoft vs. Aehr Test Systems: Comparing Revenue Trends Between These Artificial Intelligence Companies

Robert IzquierdoAug 4, 2026
SellAlert-Purple.png

An Aehr Test Systems Insider Sells Shares Worth $2.5 Million as the Stock Soars. Here's a Closer Look at the Transaction.

Robert IzquierdoAug 4, 2026
TMF-Bull-Statue-Purple-StockVStock.png

Aehr Test Systems vs. C3.ai: Which Technology Stock Is a Better Buy in 2026?

Sara AppinoAug 2, 2026
GettyImages-169816890-1200x800-5b2df79

Here's Why Aehr Test Systems Stock Surged Higher This Week

Lee SamahaJul 24, 2026
GettyImages-1285916703-1201x675-128554e

Here's Why Aehr Test Systems Surged Higher This Week

Lee SamahaJul 17, 2026
Page 1

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About Aehr Test Systems

Aehr Test Systems makes tools to test computer chips. These systems perform tests, screenings, and reliability qualifications for chips used in automotive, artificial intelligence, data centers, silicon photonics, and other applications. This helps manufacturers ensure their electronics work safely.

Testing the Future of Chips

  • Wafer Level Systems: Reliability screening for entire silicon wafers before packaging; accounted for 63% of net revenues in fiscal 2026.
  • Package Level Systems: Solutions for testing finished chips used in artificial intelligence and mobile devices; accounted for 37% of net revenues in fiscal 2026.
  • Proprietary Contactors: Patented cards and carriers that link semiconductor wafers to testing systems; includes the WaferPak and DiePak product lines.

Strategic Steps and Acquisitions

  • Acquired the Incal business in fiscal 2025 to enter the ultra-high-power testing market for graphics processing units and data center processors.
  • Introduced the automated WaferPak Aligner in fiscal 2023 to support high-volume manufacturing for global customers.
  • Raised $97.4 million in net proceeds through a common stock offering in fiscal 2026 to strengthen the balance sheet.

What Sets Aehr Apart

The company operates global sales and service sites in the United States, Germany, Japan, the Philippines, and Taiwan. Its unique technology allows for the simultaneous testing of up to 18 wafers in a single system to maximize factory floor space.

A Look at the Numbers

  • Net revenues were $50 million in fiscal year 2026, down 15.2% year over year.
  • Gross margin was 35.3% in fiscal year 2026, down 5.3 percentage points year over year.
  • Cash, cash equivalents, and restricted cash were $116.5 million as of May 29, 2026.
  • Income tax benefit reached $4.6 million in fiscal year 2026.

Bottom Line

Aehr has evolved from a niche tester to a provider of reliability solutions for the artificial intelligence and electric vehicle industries. The integration of high-power testing platforms helps the company address the changing needs of complex semiconductor manufacturing.

AI Generated • Jul 28, 2026

Industry

Semiconductors and Semiconductor Equipment

Sector

Information Technology

Employees

138

CEO

Gayn Erickson

Website

www.aehr.com

Headquarters

Fremont, CA 94539, US

AEHR Financials

Key Financial Metrics (TTM)

Gross Margin

34.67%

Operating Margin

-27.80%

Net Income Margin

-14.00%

Return on Equity

-4.66%

Return on Capital

-6.17%

Return on Assets

-2.89%

Earnings Yield

-0.19%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

32.62M

Volume

37.56K

Avg. Volume

2.50M

Financials (TTM)

Gross Profit

$17.65M

Operating Income

-$14.16M

EBITDA

-$11.74M

Operating Cash Flow

-$3.31M

Capital Expenditure

-$2.07M

Free Cash Flow

-$5.38M

Cash & ST Invst.

$116.36M

Total Debt

$9.88M

Aehr Test Systems Performance Analysis

Aehr Test Systems annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-05-31USD 64,961,00027.8%
20242024-05-31USD 66,218,0001.9%
20252025-05-31USD 58,968,000-10.9%
20262026-05-31USD 50,001,000-15.2%
Aehr Test Systems sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-08-29-22.1%
Q22025-11-28-9.9%
Q32026-02-274.3%
Q42026-05-2991.5%
Aehr Test Systems annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-05-31USD 0.5046.5%
20242024-05-31USD 1.12124.7%
20252025-05-31USD -0.13N/A
20262026-05-31USD -0.2375.8%
Aehr Test Systems sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-08-2928.4%
Q22025-11-28-58.0%
Q32026-02-279.1%
Q42026-05-29149.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

$19.75M

+40.2%

Gross Profit

$8.02M

+87.7%

Gross Margin

40.60%

N/A

Market Cap

$4.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$29.13M

N/A

Employees

138

N/A

Net Income

$1.39M

+148.0%

EBITDA

-$2.10M

-6.7%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

$116.36M

+361.2%

Total Debt

$9.88M

-8.8%

Accounts Receivable

$17.47M

-1.8%

Inventory

$41.35M

-1.5%

Long Term Debt

$9.26M

-6.7%

Short Term Debt

$626.00K

-31.1%

Return on Assets

-2.89%

N/A

Return on Invested Capital

-6.19%

N/A

Free Cash Flow

$1.08M

+121.0%

Operating Cash Flow

$1.21M

+152.6%

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Questions About AEHR

What is the current price of Aehr Test Systems?

Aehr Test Systems is trading at $123.25 per share.

What is the 52-week range for Aehr Test Systems?

Over the past 52 weeks, Aehr Test Systems has traded between $16.38 and $147.40.

How much debt does Aehr Test Systems have?

As of the most recent reporting period, Aehr Test Systems reported total debt of $9.88M.

How much cash does Aehr Test Systems have on hand?

Aehr Test Systems reported $116.36M in cash and cash equivalents in its most recent financial results.

What is Aehr Test Systems’s dividend yield?

Aehr Test Systems does not currently have a dividend yield.

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