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AEHR TEST SYSTEMS

AEHRNASDAQ
πŸ† #1602 by market capEarnings Oct 1US Equity
$103.56β–² $2.86 (+2.76%)
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24hβ–² 2.8%
7dβ–² 6.3%
14dβ–² 22.8%
30dβ–² 30.5%
ytdβ–² 414.2%
1yβ–² 244.1%
🏦Market Cap
$3.38B
Small Cap
πŸ“ˆRevenue Growth (YoY)
-15.2%
Declining
πŸ“ŠGross Margin
34.7%
Moderate
πŸ’΅FCF Margin
-10.6%
Thin
βš–οΈP/S Ratio
66.3x
Expensive
Otter Score
48
Weak

Trading Snapshot

Day Range
$103.22 – $105.58
52-Week Range
$18.70 – $147.40
Volume
$2.64B
Avg Volume
$2.89B
Shares Outstanding
32.6M
Next Earnings
Oct 20, 2026

Fundamentals Snapshot

Annual Revenue
$50M
Last Q Revenue
$20M
P/E Ratio
-450.3
P/S Ratio
66.3x
EPS (TTM)
$-0.23
Dividend Yield
0.00%
Dilution (1yr)
+2.1%

Why Investors Own AEHR

  • βœ“High-growth profile β€” revenue up +23.2% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 39% gross margin and 25% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

AEHR logo

AEHR TEST SYSTEMS

AEHR
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$50Mβ–Ό βˆ’15.2% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
35.3%β–Ό βˆ’13.0% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
βˆ’$14Mβ–² +228.1% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
βˆ’$5Mβ–Ό βˆ’56.6% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
30.7Mβ–² +2.1% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
$106Mβ–² +$86M YoY
StockOtter Β· stockotter.space

About AEHR TEST SYSTEMS

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.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Weak
48/100

Analyst Ratings

β“˜
Consensus
Buy
11 analysts
Strong Buy4
Buy6
Hold1
Sell0
Strong Sell0
Ratings as of Sep 2026

Latest News & Updates

Zacks Investment ResearchΒ·2d ago

Aehr Test Systems (AEHR) Earnings Expected to Grow: Should You Buy?

Aehr Test Systems (AEHR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

AccesswireΒ·2d ago

Aehr Test Systems to Participate in 18th Annual CEO Investor Summit 2026 in San Francisco

FREMONT, CA / ACCESS Newswire / September 28, 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, da

Defense WorldΒ·5d ago

Contrasting MKS (NASDAQ:MKSI) and Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems (NASDAQ: AEHR - Get Free Report) and MKS (NASDAQ: MKSI - Get Free Report) are both technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of the

Defense WorldΒ·5d ago

Qorvo (NASDAQ:QRVO) vs. Aehr Test Systems (NASDAQ:AEHR) Head-To-Head Survey

Qorvo (NASDAQ: QRVO - Get Free Report) and Aehr Test Systems (NASDAQ: AEHR - Get Free Report) are both technology companies, but which is the superior stock? We will contrast the two companies based on the strength of th

Seeking AlphaΒ·6d ago

Aehr Test Systems: Momentum Will Push It Up Once Again If Q1 Report Is Solid

Aehr Test Systems, Inc. is poised for strong revenue growth, driven by robust AI/data center test demand and a substantial backlog. Management guides for FY27 revenue of $130m–$150m (160%–200% y/y growth) and non-GAAP ne

Defense WorldΒ·6d ago

Aehr Test Systems (NASDAQ:AEHR) Shares Gap Down – What’s Next?

Aehr Test Systems (NASDAQ: AEHR - Get Free Report) shares gapped down before the market opened on Tuesday. The stock had previously closed at $96.93, but opened at $93.96. Aehr Test Systems shares last traded at $97.2620