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AEHR

Aehr Test Systems, Inc.

Price Chart
Latest Quote

$81.98

-5.81 (-6.62%)
Current Price
Previous Close $87.79
Open $84.40
Day High $87.73
Day Low $79.69
Volume 2,936,121
Fetched: 2026-07-16T18:20:16
Stock Information
Shares Outstanding 32.48M
Total Debt $9.88M
Cash Equivalents $116.36M
Revenue $50.00M
Net Income $-7.13M
Sector Technology
Industry Semiconductor Equipment & Materials
Market Cap $2.63B
EPS (TTM) $-0.23
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$2.53B
Sales$50.00M
Income$-7.13M
Book/sh$6.76
Cash/sh$3.58
Financial Ratios
Quick Ratio7.50
Current Ratio10.33
Debt/Eq4.50
Returns & Margins
ROA-3.97%
ROE-4.16%
Gross Margin38.50%
Operating Margin-4.24%
Profit Margin-14.25%
Ownership
Insider Ownership4.69%
Institutional Ownership71.70%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E58.59
PEG0.90
P/S52.65
P/B11.99
Analyst Data
Recommendationstrong_buy
Target Price$108.33
Technical Indicators
SMA20$85.55
SMA50$94.21
SMA200$50.49
RSI43.45
ATR11.1114
Shares Float30.93M
Short Float13.98%
Short Ratio2.40
Volatility3.18
Rel Volume1.84
Performance History
Week+11.64%
Month-22.68%
Quarter+0.25%
6 Months+212.09%
YTD+265.75%
Year+448.38%
3 Years+103.18%
5 Years+2879.78%
10 Years+4453.37%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-07-17 $81.05 5,079,400
2026-07-16 $84.20 4,411,300
2026-07-15 $87.79 12,957,100
2026-07-14 $72.01 5,060,800
2026-07-13 $68.02 1,441,900
2026-07-10 $72.60 1,325,100
2026-07-09 $76.21 2,628,200
2026-07-08 $67.89 1,502,300
2026-07-07 $66.94 2,433,400
2026-07-06 $72.33 2,134,000
2026-07-02 $69.96 3,462,500
2026-07-01 $84.43 1,360,200
2026-06-30 $96.06 1,189,800
2026-06-29 $94.77 1,197,800
2026-06-26 $91.81 2,358,400
2026-06-25 $98.79 1,039,200
2026-06-24 $95.20 1,478,500
2026-06-23 $102.39 1,530,600
2026-06-22 $113.33 1,091,500
2026-06-18 $115.30 1,398,700
About Aehr Test Systems, Inc.

Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems in the United States, Asia, and Europe. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D, and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The company offers FOX-CP system, a low-cost single-wafer compact test solution for logic, memory, and photonic devices; and FOX WaferPak Contactor, a full wafer contactor capable of testing wafers up to 300mm that enables integrated circuit manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. In addition, it provides FOX DiePak Carrier, which allows testing, burning in, and stabilization of singulated bare die and modules; and FOX DiePak Loader. The company was incorporated in 1977 and is headquartered in Fremont, California.

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Income Statement (Annual)
Metric 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Revenue
Reconciled Cost Of Revenue $35,035,000 $33,675,000 $32,215,000 $27,164,000
Cost Of Revenue $35,035,000 $33,675,000 $32,215,000 $27,164,000
Total Revenue $58,968,000 $66,218,000 $64,961,000 $50,829,000
Operating Revenue $58,968,000 $66,218,000 $64,961,000 $50,829,000
Expenses
Total Expenses $63,781,000 $56,140,000 $51,586,000 $43,029,000
Other Income Expense $-879,000 $-8,000 $-3,000 $1,728,000
Other Non Operating Income Expenses $-15,000 $-8,000 $-3,000 $30,000
Net Non Operating Interest Income Expense $1,401,000 $2,388,000 $1,245,000 $13,000
Operating Expense $28,746,000 $22,465,000 $19,371,000 $15,865,000
Total Other Finance Cost - - $-1,245,000 $-13,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Net Interest Income $1,401,000 $2,388,000 $1,245,000 $13,000
Interest Income $1,401,000 $2,388,000 $1,245,000 $13,000
Normalized Income $-3,122,896 $33,156,000 $14,557,000 $7,770,678
Net Income From Continuing And Discontinued Operation $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Total Operating Income As Reported $-5,677,000 $10,078,000 $13,375,000 $7,800,000
Net Income Common Stockholders $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Net Income $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Net Income Including Noncontrolling Interests $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Net Income Continuous Operations $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Pretax Income $-4,291,000 $12,458,000 $14,617,000 $9,541,000
Special Income Charges $-864,000 $0 $0 $1,698,000
Interest Income Non Operating $1,401,000 $2,388,000 $1,245,000 $13,000
Operating Income $-4,813,000 $10,078,000 $13,375,000 $7,800,000
Gross Profit $23,933,000 $32,543,000 $32,746,000 $23,665,000
Per Share
Diluted EPS - $1.12 $0.50 $0.34
Basic EPS - $1.15 $0.52 $0.36
Other
Tax Effect Of Unusual Items $-76,896 $0 $0 $18,678
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-561,000 $11,441,000 $14,474,000 $7,147,000
Total Unusual Items $-864,000 $0 $0 $1,698,000
Total Unusual Items Excluding Goodwill $-864,000 $0 $0 $1,698,000
Reconciled Depreciation $3,388,000 $1,363,000 $1,099,000 $1,045,000
EBITDA (Bullshit earnings) $-1,425,000 $11,441,000 $14,474,000 $8,845,000
EBIT $-4,813,000 $10,078,000 $13,375,000 $7,800,000
Diluted NI Availto Com Stockholders $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Tax Provision $-381,000 $-20,698,000 $60,000 $91,000
Restructuring And Mergern Acquisition $864,000 $0 $0 $0
Research And Development $10,463,000 $8,719,000 $7,134,000 $5,818,000
Selling General And Administration $18,283,000 $13,746,000 $12,237,000 $10,047,000
Diluted Average Shares - $29,617,000 $29,215,000 $27,774,000
Basic Average Shares - $28,818,000 $27,785,000 $26,014,000
Gain On Sale Of Business - - $0 $0
Gain On Sale Of Security - - $-3,000 $32,000
Other Special Charges - - - $-1,698,000
Minority Interests - - - -
Gain On Sale Of Ppe - - - -
Fetched: 2026-07-16
Balance Sheet (Annual)
Metric 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Assets
Net Tangible Assets $101,371,000 $111,593,000 $75,600,000 $50,989,000
Total Assets $148,508,000 $127,912,000 $98,143,000 $62,328,000
Total Non Current Assets $59,730,000 $30,064,000 $9,113,000 $2,321,000
Other Non Current Assets $546,000 $304,000 $231,000 $201,000
Non Current Deferred Assets $19,114,000 $20,773,000 $0 -
Non Current Deferred Taxes Assets $19,114,000 $20,773,000 $0 -
Goodwill And Other Intangible Assets $21,500,000 $0 - -
Other Intangible Assets $10,781,000 - - -
Current Assets $88,778,000 $97,848,000 $89,030,000 $60,007,000
Other Current Assets $8,061,000 $1,423,000 $621,000 $613,000
Restricted Cash $200,000 - - -
Inventory $41,997,000 $37,470,000 $23,908,000 $15,051,000
Receivables $14,191,000 $9,796,000 $16,594,000 $12,859,000
Accounts Receivable $14,191,000 $9,796,000 $16,594,000 $12,859,000
Cash Cash Equivalents And Short Term Investments $24,329,000 $49,159,000 $47,907,000 $31,484,000
Cash And Cash Equivalents $24,329,000 $49,159,000 $30,054,000 $31,484,000
Cash Equivalents $21,261,000 $44,130,000 $26,872,000 $28,529,000
Cash Financial $3,068,000 $5,029,000 $3,182,000 $2,955,000
Allowance For Doubtful Accounts Receivable - - $0 $0
Gross Accounts Receivable - - $16,594,000 $12,859,000
Prepaid Assets - - - $613,000
Debt
Total Debt $10,830,000 $6,197,000 $6,300,000 $1,006,000
Long Term Debt And Capital Lease Obligation $9,921,000 $5,732,000 $6,163,000 $212,000
Current Debt And Capital Lease Obligation $909,000 $465,000 $137,000 $794,000
Current Debt - - - -
Other Current Borrowings - - - -
Liabilities
Total Liabilities Net Minority Interest $25,637,000 $16,319,000 $22,543,000 $11,339,000
Total Non Current Liabilities Net Minority Interest $9,999,000 $5,811,000 $6,235,000 $325,000
Other Non Current Liabilities $42,000 $38,000 $41,000 $44,000
Non Current Deferred Liabilities $36,000 $41,000 $31,000 $69,000
Current Liabilities $15,638,000 $10,508,000 $16,308,000 $11,014,000
Current Deferred Liabilities $1,981,000 $1,345,000 $2,822,000 $2,415,000
Payables And Accrued Expenses $12,320,000 $8,464,000 $13,349,000 $7,395,000
Payables $8,490,000 $5,332,000 $9,206,000 $4,208,000
Other Payable $1,762,000 - - -
Accounts Payable $6,728,000 $5,332,000 $9,206,000 $4,195,000
Total Tax Payable - - $22,000 $13,000
Interest Payable - - - $0
Equity
Common Stock Equity $122,871,000 $111,593,000 $75,600,000 $50,989,000
Total Equity Gross Minority Interest $122,871,000 $111,593,000 $75,600,000 $50,989,000
Stockholders Equity $122,871,000 $111,593,000 $75,600,000 $50,989,000
Gains Losses Not Affecting Retained Earnings $-126,000 $-158,000 $-155,000 $-105,000
Other Equity Adjustments $-126,000 $-158,000 $-155,000 $-105,000
Retained Earnings $-23,060,000 $-19,150,000 $-52,306,000 $-66,863,000
Other
Ordinary Shares Number $29,877,000 $28,995,000 $28,539,000 $27,120,000
Share Issued $29,877,000 $28,995,000 $28,539,000 $27,120,000
Tangible Book Value $101,371,000 $111,593,000 $75,600,000 $50,989,000
Invested Capital $122,871,000 $111,593,000 $75,600,000 $50,989,000
Working Capital $73,140,000 $87,340,000 $72,722,000 $48,993,000
Capital Lease Obligations $10,830,000 $6,197,000 $6,300,000 $1,006,000
Total Capitalization $122,871,000 $111,593,000 $75,600,000 $50,989,000
Additional Paid In Capital $145,758,000 $130,612,000 $127,776,000 $117,686,000
Capital Stock $299,000 $289,000 $285,000 $271,000
Common Stock $299,000 $289,000 $285,000 $271,000
Preferred Stock $0 $0 $0 $0
Non Current Deferred Revenue $36,000 $41,000 $31,000 $69,000
Long Term Capital Lease Obligation $9,921,000 $5,732,000 $6,163,000 $212,000
Current Deferred Revenue $1,981,000 $1,345,000 $2,822,000 $2,415,000
Current Capital Lease Obligation $909,000 $465,000 $137,000 $794,000
Current Provisions $428,000 $234,000 $267,000 $410,000
Current Accrued Expenses $3,830,000 $3,132,000 $4,143,000 $3,187,000
Goodwill $10,719,000 $0 - -
Net PPE $18,570,000 $8,987,000 $8,882,000 $2,120,000
Accumulated Depreciation $-5,467,000 $-4,966,000 $-7,700,000 $-7,260,000
Gross PPE $24,037,000 $13,953,000 $16,582,000 $9,380,000
Leases $5,999,000 $1,298,000 $1,310,000 $1,230,000
Construction In Progress $362,000 $638,000 - -
Other Properties $12,499,000 $7,662,000 $9,121,000 $3,440,000
Machinery Furniture Equipment $5,177,000 $4,355,000 $6,151,000 $4,710,000
Properties $0 $0 $0 $0
Finished Goods $2,090,000 $1,467,000 $2,191,000 $83,000
Work In Process $9,263,000 $13,593,000 $5,764,000 $5,461,000
Raw Materials $30,644,000 $22,410,000 $15,953,000 $9,507,000
Other Short Term Investments - $0 $17,853,000 $0
Minority Interest - - - $0
Line Of Credit - - - $0
Fetched: 2026-07-16
Cash Flow Statement (Annual)
Metric 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Free Cash Flow
Free Cash Flow $-12,392,000 $1,007,000 $8,649,000 $1,092,000
Operating Activities
Operating Cash Flow $-7,400,000 $1,756,000 $10,011,000 $1,508,000
Cash Flow From Continuing Operating Activities $-7,400,000 $1,756,000 $10,011,000 $1,508,000
Operating Gains Losses - - - $-1,698,000
Investing Activities
Capital Expenditure $-4,992,000 $-749,000 $-1,362,000 $-416,000
Investing Cash Flow $-16,067,000 $17,251,000 $-18,656,000 $-416,000
Cash Flow From Continuing Investing Activities $-16,067,000 $17,251,000 $-18,656,000 $-416,000
Financing Activities
Issuance Of Capital Stock $0 - $6,820,000 $24,030,000
Financing Cash Flow $625,000 $139,000 $7,322,000 $25,761,000
Cash Flow From Continuing Financing Activities $625,000 $139,000 $7,322,000 $25,761,000
Net Other Financing Charges $-784,000 $-1,596,000 $-2,060,000 $-429,000
Net Common Stock Issuance $0 $-72,000 $6,820,000 $24,030,000
Common Stock Issuance $0 - $6,820,000 $24,030,000
Repurchase Of Capital Stock - $-72,000 $-2,060,000 $-429,000
Other
Interest Paid Supplemental Data $0 $0 $15,000 $12,000
Income Tax Paid Supplemental Data $100,000 $90,000 $21,000 $4,000
End Cash Position $26,480,000 $49,309,000 $30,204,000 $31,564,000
Beginning Cash Position $49,309,000 $30,204,000 $31,564,000 $4,662,000
Effect Of Exchange Rate Changes $13,000 $-41,000 $-37,000 $49,000
Changes In Cash $-22,842,000 $19,146,000 $-1,323,000 $26,853,000
Proceeds From Stock Option Exercised $1,409,000 $1,807,000 $2,562,000 $3,560,000
Net Investment Purchase And Sale $0 $18,000,000 $-17,294,000 $0
Sale Of Investment $0 $18,000,000 $16,000,000 $0
Purchase Of Investment $0 $0 $-33,294,000 $0
Net Business Purchase And Sale $-11,075,000 $0 $0 -
Purchase Of Business $-11,075,000 $0 $0 -
Net PPE Purchase And Sale $-4,992,000 $-749,000 $-1,362,000 $-416,000
Purchase Of PPE $-4,992,000 $-749,000 $-1,362,000 $-416,000
Change In Working Capital $-12,203,000 $-14,378,000 $-7,841,000 $-10,295,000
Change In Other Working Capital $143,000 $-1,469,000 $369,000 $2,196,000
Change In Other Current Liabilities $-699,000 $-423,000 $-561,000 $-738,000
Change In Payables And Accrued Expense $-1,157,000 $-4,669,000 $5,580,000 $2,826,000
Change In Accrued Expense $-378,000 $-792,000 $528,000 $1,464,000
Change In Payable $-779,000 $-3,877,000 $5,052,000 $1,362,000
Change In Account Payable $-714,000 $-3,891,000 $5,044,000 $1,356,000
Change In Tax Payable $-65,000 $14,000 $8,000 $6,000
Change In Income Tax Payable $-65,000 $14,000 $8,000 $6,000
Change In Prepaid Assets $-5,012,000 $-875,000 $28,000 $-71,000
Change In Inventory $-2,441,000 $-13,732,000 $-9,469,000 $-6,674,000
Change In Receivables $-3,037,000 $6,790,000 $-3,788,000 $-7,834,000
Changes In Account Receivables $-3,037,000 $6,790,000 $-3,788,000 $-7,834,000
Stock Based Compensation $5,162,000 $2,518,000 $2,748,000 $3,006,000
Provisionand Write Offof Assets $0 $0 $24,000 $0
Asset Impairment Charge $584,000 $0 $0 -
Amortization Of Securities $0 $-130,000 $-576,000 $0
Deferred Tax $-421,000 $-20,773,000 $0 $0
Deferred Income Tax $-421,000 $-20,773,000 $0 $0
Depreciation Amortization Depletion $3,388,000 $1,363,000 $1,099,000 $1,045,000
Depreciation And Amortization $3,388,000 $1,363,000 $1,099,000 $1,045,000
Depreciation $3,388,000 $1,363,000 $1,099,000 $1,045,000
Net Income From Continuing Operations $-3,910,000 $33,156,000 $14,557,000 $9,450,000
Repayment Of Debt - $0 $0 $-1,400,000
Common Stock Payments - $-72,000 $-2,060,000 $-429,000
Net Issuance Payments Of Debt - $0 $0 $-1,400,000
Net Long Term Debt Issuance - $0 $0 $-1,400,000
Long Term Debt Payments - $0 $0 $-1,400,000
Net Short Term Debt Issuance - - $0 $-1,400,000
Other Non Cash Items - - $88,000 $-49,000
Gain Loss On Sale Of Business - - $0 $0
Issuance Of Debt - - - $0
Long Term Debt Issuance - - - $0
Gain Loss On Sale Of PPE - - - $0
Fetched: 2026-07-16