Aehr Test Systems
AEHR Nasdaq· Instruments For Meas & Testing Of Electricity & Elec Signals
Last close · Oct 26, 2026
$56.60
KIRA · Stoqly’s AI analyst, in plain words
- Aehr Test Systems had $50.0M of revenue in fiscal 2026, down 15.2% on the year before. Over five years, revenue changed +24.7% a year on average.
- Its operating margin was −28.3%, down 18.7 pts: of every 100 in sales, about −28 is left after running the business.
- Aehr Test Systems lost $7.1M in fiscal 2026.
- Free cash flow was −$5.4M in fiscal 2026, −10.8% of revenue.
Market cap
$1.7B
P/E
—
Revenue
$50.0M
Net income
−$7.1M
Free cash flow
−$5.4M
Operating margin
−28.3%
Aehr Test Systems in 30 seconds · fiscal 2026
Are sales growing?
−15.2%
No. Sales fell 15.2% last year.
Does it make a profit?
−14.3%
No. It lost money last year.
Does profit turn into cash?
−10.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 8
Weak. It passes 2 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Aehr Test Systems does
No business description yet.
- Fiscal year ends
- May 29, 2026
- Latest annual report
- 10-K · Jul 27, 2026
- Legal name
- AEHR TEST SYSTEMS
- CIK
- 0001040470
Aehr Test Systems · AEHR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $50.8M | $65.0M | $66.2M | $59.0M | $50.0M |
| Revenue growth | 206.2% | 27.8% | 1.9% | −10.9% | −15.2% |
| Net interest income | $0.0M | $1.2M | $2.4M | $1.4M | $1.4M |
| Gross margin | 46.6% | 50.4% | 49.1% | 40.6% | 35.3% |
| Operating margin | 15.3% | 20.6% | 15.2% | −9.6% | −28.3% |
| Net income | $9.5M | $14.6M | $33.2M | −$3.9M | −$7.1M |
| Net margin | 18.6% | 22.4% | 50.1% | −6.6% | −14.3% |
| Diluted EPS | $0.34 | $0.50 | $1.12 | −$0.13 | −$0.23 |
| Cash | |||||
| Cash from operations | $1.5M | $10.0M | $1.8M | −$7.4M | −$3.3M |
| Capital expenditure | $0.4M | $1.4M | $0.7M | $5.0M | $2.1M |
| Free cash flow | $1.1M | $8.6M | $1.0M | −$12.4M | −$5.4M |
| FCF margin | 2.1% | 13.3% | 1.5% | −21.0% | −10.8% |
| Share count change | 18.4% | 5.2% | 1.4% | −0.1% | 3.7% |
| Debt and strength | |||||
| Cash and short-term investments | $31.5M | $47.9M | $49.2M | $24.5M | $116M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Shareholders' equity | $51.0M | $75.6M | $112M | $123M | $220M |
| Net debt / EBITDA | −3.9x | — | — | — | — |
| Current ratio | 5.4x | 5.5x | 9.3x | 5.7x | 10.3x |
| Returns and quality | |||||
| Return on capital | 39.6% | — | — | — | — |
| Return on equity | 30.3% | 23.0% | 35.4% | −3.3% | −4.2% |
| Return on tangible equity | 18.5% | 19.3% | 29.7% | −3.9% | −3.6% |
| Piotroski F-score | 7 | 4 | 4 | 1 | 2 |
| Altman Z'' | 7.2 | 7.6 | 11.7 | 7.5 | 12.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$60.6M
13 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Aehr Test Systems · AEHR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $56.60 a share, the company is worth $1.7B.
Source: SEC EDGAR XBRL filings (CIK 0001040470). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.