Symbols / AEHR
AEHR Chart
About
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.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Semiconductor Equipment | Market Cap | 1.23B |
| Enterprise Value | 1.18B | Income | -8.86M | Sales | 53.25M |
| Book/sh | 4.27 | Cash/sh | 1.01 | Dividend Yield | — |
| Payout | 0.00% | Employees | 136 | IPO | — |
| P/E | — | Forward P/E | 536.80 | PEG | — |
| P/S | 23.16 | P/B | 9.43 | P/C | — |
| EV/EBITDA | -133.05 | EV/Sales | 22.18 | Quick Ratio | 5.18 |
| Current Ratio | 10.62 | Debt/Eq | 7.77 | LT Debt/Eq | — |
| EPS (ttm) | -0.30 | EPS next Y | 0.07 | EPS Growth | — |
| Revenue Growth | -26.50% | Earnings | 2026-04-07 | ROA | -5.01% |
| ROE | -6.97% | ROIC | — | Gross Margin | 33.28% |
| Oper. Margin | -49.18% | Profit Margin | -16.63% | Shs Outstand | 30.63M |
| Shs Float | 27.20M | Short Float | 15.95% | Short Ratio | 3.68 |
| Short Interest | — | 52W High | 40.77 | 52W Low | 6.27 |
| Beta | 2.31 | Avg Volume | 1.01M | Volume | 689.38K |
| Target Price | $24.67 | Recom | Buy | Prev Close | $39.23 |
| Price | $40.26 | Change | 2.63% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$24.67
Mean price target
2. Current target
$40.59
Latest analyst target
3. DCF / Fair value
$-4.33
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$40.59
Low
$21.00
High
$29.00
Mean
$24.67
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-01-09 | main | Craig-Hallum | Hold → Hold | $21 |
| 2025-12-17 | init | Lake Street | — → Buy | $29 |
| 2024-03-26 | down | Craig-Hallum | Buy → Hold | $12 |
| 2024-03-25 | down | William Blair | Outperform → Market Perform | — |
| 2022-10-17 | init | William Blair | — → Outperform | — |
| 2016-10-10 | init | Craig-Hallum | — → Buy | — |
- Here's Why Aehr Test Systems Rocketed Higher Today - The Motley Fool ue, 24 Feb 2026 20
- Aehr Test Systems stock hits 52-week high of $37.59 - Investing.com ue, 24 Feb 2026 15
- Why Aehr Test Systems (AEHR) Is Up 16.5% After Landing A Major Hyperscaler AI Chip-Testing Deal – And What's Next - simplywall.st Mon, 23 Feb 2026 07
- Aehr Test Systems Reports Fiscal 2026 First Quarter Financial Results; Strong AI and Data Center-Related Semiconductor Test and Burn-in Activity Underscores Multi-Year Market Opportunity - Aehr Test Systems Mon, 06 Oct 2025 07
- Here's Why Aehr Test Systems Stock Slumped Today (Hint: It's AI Related) - Yahoo Finance Wed, 04 Feb 2026 08
- Aehr Test Systems (NASDAQ:AEHR) Reaches New 1-Year High - Time to Buy? - MarketBeat ue, 24 Feb 2026 16
- Why Aehr Test Systems Stock Soared Today - Nasdaq Wed, 11 Feb 2026 08
- (AEHR) Risk Channels and Responsive Allocation - Stock Traders Daily Mon, 23 Feb 2026 02
- $AEHR stock is up 24% today. Here's what we see in our data. - Quiver Quantitative Wed, 11 Feb 2026 08
- AEHR Stock Surged 15% Pre-Market Today — What’s Fueling The Rally? - Stocktwits Wed, 11 Feb 2026 08
- AI data center leader taps Aehr to burn in next-gen chips - Stock Titan Wed, 11 Feb 2026 08
- Why Aehr Test Systems Stock Soared Today - The Motley Fool Wed, 11 Feb 2026 08
- Aehr Strengthens AI Market Share with Additional Orders for Sonoma Production Test and Burn-in Systems - Aehr Test Systems ue, 22 Jul 2025 07
- Aehr Test Systems (NASDAQ:AEHR) Shares Up 8.1% - Still a Buy? - MarketBeat Fri, 20 Feb 2026 17
- Aehr Test Systems Reports Fiscal 2025 Fourth Quarter and Full Year Financial Results; Expands Total Addressable Market and Diversifies Customer Base - Aehr Test Systems ue, 08 Jul 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 13998 | 420151 | — | Sale at price 30.02 per share. | POSEDEL RHEA J | Director | — | 2026-02-13 00:00:00 | I |
| 1 | 3000 | 82716 | — | Sale at price 27.57 - 27.59 per share. | SPORCK ALISTAIR N | Officer | — | 2026-02-09 00:00:00 | D |
| 2 | 15000 | — | — | Stock Gift at price 0.00 per share. | SLAYEN HOWARD T | Director | — | 2026-02-04 00:00:00 | D |
| 3 | 4546 | 142750 | — | Sale at price 31.38 - 31.48 per share. | OLIPHANT LAURA | Director | — | 2026-01-22 00:00:00 | D |
| 4 | 6000 | 154357 | — | Sale at price 25.73 per share. | SLAYEN HOWARD T | Director | — | 2025-11-05 00:00:00 | D |
| 5 | 110468 | 224250 | — | Conversion of Exercise of derivative security at price 2.03 per share. | ROGERS VERNON | Officer | — | 2025-10-22 00:00:00 | D |
| 6 | 9000 | 223101 | — | Sale at price 24.76 - 24.87 per share. | DANESH FARIBA | Director | — | 2025-10-09 00:00:00 | D |
| 7 | 5000 | — | — | Stock Gift at price 0.00 per share. | SLAYEN HOWARD T | Director | — | 2025-09-24 00:00:00 | D |
| 8 | 639 | — | — | Stock Gift at price 0.00 per share. | SLAYEN HOWARD T | Director | — | 2025-09-02 00:00:00 | D |
| 9 | 5000 | 107502 | — | Sale at price 21.50 per share. | OLIPHANT LAURA | Director | — | 2025-07-25 00:00:00 | I |
Financials
| Line Item | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -76.90K | 0.00 | 0.00 | 18.68K |
| TaxRateForCalcs | 0.09 | 0.21 | 0.00 | 0.01 |
| NormalizedEBITDA | -561.00K | 11.44M | 14.47M | 7.15M |
| TotalUnusualItems | -864.00K | 0.00 | 0.00 | 1.70M |
| TotalUnusualItemsExcludingGoodwill | -864.00K | 0.00 | 0.00 | 1.70M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -3.91M | 33.16M | 14.56M | 9.45M |
| ReconciledDepreciation | 3.39M | 1.36M | 1.10M | 1.04M |
| ReconciledCostOfRevenue | 35.03M | 33.67M | 32.22M | 27.16M |
| EBITDA | -1.43M | 11.44M | 14.47M | 8.85M |
| EBIT | -4.81M | 10.08M | 13.38M | 7.80M |
| NetInterestIncome | 1.40M | 2.39M | 1.25M | 13.00K |
| InterestIncome | 1.40M | 2.39M | 1.25M | 13.00K |
| NormalizedIncome | -3.12M | 33.16M | 14.56M | 7.77M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -3.91M | 33.16M | 14.56M | 9.45M |
| TotalExpenses | 63.78M | 56.14M | 51.59M | 43.03M |
| TotalOperatingIncomeAsReported | -5.68M | 10.08M | 13.38M | 7.80M |
| DilutedAverageShares | 29.62M | 29.21M | 27.77M | 23.46M |
| BasicAverageShares | 28.82M | 27.79M | 26.01M | 23.46M |
| DilutedEPS | 1.12 | 0.50 | 0.34 | -0.09 |
| BasicEPS | 1.15 | 0.52 | 0.36 | -0.09 |
| DilutedNIAvailtoComStockholders | -3.91M | 33.16M | 14.56M | 9.45M |
| NetIncomeCommonStockholders | -3.91M | 33.16M | 14.56M | 9.45M |
| NetIncome | -3.91M | 33.16M | 14.56M | 9.45M |
| MinorityInterests | 0.00 | |||
| NetIncomeIncludingNoncontrollingInterests | -3.91M | 33.16M | 14.56M | 9.45M |
| NetIncomeContinuousOperations | -3.91M | 33.16M | 14.56M | 9.45M |
| TaxProvision | -381.00K | -20.70M | 60.00K | 91.00K |
| PretaxIncome | -4.29M | 12.46M | 14.62M | 9.54M |
| OtherIncomeExpense | -879.00K | -8.00K | -3.00K | 1.73M |
| OtherNonOperatingIncomeExpenses | -15.00K | -8.00K | -3.00K | 30.00K |
| SpecialIncomeCharges | -864.00K | 0.00 | 0.00 | 1.70M |
| GainOnSaleOfPPE | 2.19M | |||
| GainOnSaleOfBusiness | 0.00 | 0.00 | 2.19M | |
| OtherSpecialCharges | -1.70M | |||
| RestructuringAndMergernAcquisition | 864.00K | 0.00 | 0.00 | 0.00 |
| GainOnSaleOfSecurity | -3.00K | 32.00K | -111.00K | |
| NetNonOperatingInterestIncomeExpense | 1.40M | 2.39M | 1.25M | 13.00K |
| TotalOtherFinanceCost | -1.25M | -13.00K | 46.00K | |
| InterestIncomeNonOperating | 1.40M | 2.39M | 1.25M | 13.00K |
| OperatingIncome | -4.81M | 10.08M | 13.38M | 7.80M |
| OperatingExpense | 28.75M | 22.46M | 19.37M | 15.87M |
| ResearchAndDevelopment | 10.46M | 8.72M | 7.13M | 5.82M |
| SellingGeneralAndAdministration | 18.28M | 13.75M | 12.24M | 10.05M |
| GrossProfit | 23.93M | 32.54M | 32.75M | 23.66M |
| CostOfRevenue | 35.03M | 33.67M | 32.22M | 27.16M |
| TotalRevenue | 58.97M | 66.22M | 64.96M | 50.83M |
| OperatingRevenue | 58.97M | 66.22M | 64.96M | 50.83M |
| Line Item | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 29.88M | 29.00M | 28.54M | 27.12M |
| ShareIssued | 29.88M | 29.00M | 28.54M | 27.12M |
| TotalDebt | 10.83M | 6.20M | 6.30M | 1.01M |
| TangibleBookValue | 101.37M | 111.59M | 75.60M | 50.99M |
| InvestedCapital | 122.87M | 111.59M | 75.60M | 50.99M |
| WorkingCapital | 73.14M | 87.34M | 72.72M | 48.99M |
| NetTangibleAssets | 101.37M | 111.59M | 75.60M | 50.99M |
| CapitalLeaseObligations | 10.83M | 6.20M | 6.30M | 1.01M |
| CommonStockEquity | 122.87M | 111.59M | 75.60M | 50.99M |
| TotalCapitalization | 122.87M | 111.59M | 75.60M | 50.99M |
| TotalEquityGrossMinorityInterest | 122.87M | 111.59M | 75.60M | 50.99M |
| MinorityInterest | 0.00 | 0.00 | ||
| StockholdersEquity | 122.87M | 111.59M | 75.60M | 50.99M |
| GainsLossesNotAffectingRetainedEarnings | -126.00K | -158.00K | -155.00K | -105.00K |
| OtherEquityAdjustments | -126.00K | -158.00K | -155.00K | -105.00K |
| RetainedEarnings | -23.06M | -19.15M | -52.31M | -66.86M |
| AdditionalPaidInCapital | 145.76M | 130.61M | 127.78M | 117.69M |
| CapitalStock | 299.00K | 289.00K | 285.00K | 271.00K |
| CommonStock | 299.00K | 289.00K | 285.00K | 271.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 25.64M | 16.32M | 22.54M | 11.34M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 10.00M | 5.81M | 6.24M | 325.00K |
| OtherNonCurrentLiabilities | 42.00K | 38.00K | 41.00K | 44.00K |
| NonCurrentDeferredLiabilities | 36.00K | 41.00K | 31.00K | 69.00K |
| NonCurrentDeferredRevenue | 36.00K | 41.00K | 31.00K | 69.00K |
| LongTermDebtAndCapitalLeaseObligation | 9.92M | 5.73M | 6.16M | 212.00K |
| LongTermCapitalLeaseObligation | 9.92M | 5.73M | 6.16M | 212.00K |
| CurrentLiabilities | 15.64M | 10.51M | 16.31M | 11.01M |
| CurrentDeferredLiabilities | 1.98M | 1.34M | 2.82M | 2.42M |
| CurrentDeferredRevenue | 1.98M | 1.34M | 2.82M | 2.42M |
| CurrentDebtAndCapitalLeaseObligation | 909.00K | 465.00K | 137.00K | 794.00K |
| CurrentCapitalLeaseObligation | 909.00K | 465.00K | 137.00K | 794.00K |
| CurrentDebt | 3.08M | |||
| OtherCurrentBorrowings | 1.68M | |||
| LineOfCredit | 0.00 | 1.40M | ||
| CurrentProvisions | 428.00K | 234.00K | 267.00K | 410.00K |
| PayablesAndAccruedExpenses | 12.32M | 8.46M | 13.35M | 7.39M |
| CurrentAccruedExpenses | 3.83M | 3.13M | 4.14M | 3.19M |
| InterestPayable | 0.00 | 16.00K | ||
| Payables | 8.49M | 5.33M | 9.21M | 4.21M |
| OtherPayable | 1.76M | |||
| TotalTaxPayable | 22.00K | 13.00K | 5.00K | |
| AccountsPayable | 6.73M | 5.33M | 9.21M | 4.20M |
| TotalAssets | 148.51M | 127.91M | 98.14M | 62.33M |
| TotalNonCurrentAssets | 59.73M | 30.06M | 9.11M | 2.32M |
| OtherNonCurrentAssets | 546.00K | 304.00K | 231.00K | 201.00K |
| NonCurrentDeferredAssets | 19.11M | 20.77M | 0.00 | |
| NonCurrentDeferredTaxesAssets | 19.11M | 20.77M | 0.00 | |
| GoodwillAndOtherIntangibleAssets | 21.50M | 0.00 | ||
| OtherIntangibleAssets | 10.78M | |||
| Goodwill | 10.72M | 0.00 | ||
| NetPPE | 18.57M | 8.99M | 8.88M | 2.12M |
| AccumulatedDepreciation | -5.47M | -4.97M | -7.70M | -7.26M |
| GrossPPE | 24.04M | 13.95M | 16.58M | 9.38M |
| Leases | 6.00M | 1.30M | 1.31M | 1.23M |
| ConstructionInProgress | 362.00K | 638.00K | ||
| OtherProperties | 12.50M | 7.66M | 9.12M | 3.44M |
| MachineryFurnitureEquipment | 5.18M | 4.36M | 6.15M | 4.71M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 88.78M | 97.85M | 89.03M | 60.01M |
| OtherCurrentAssets | 8.06M | 1.42M | 621.00K | 613.00K |
| RestrictedCash | 200.00K | |||
| PrepaidAssets | 613.00K | 551.00K | ||
| Inventory | 42.00M | 37.47M | 23.91M | 15.05M |
| FinishedGoods | 2.09M | 1.47M | 2.19M | 83.00K |
| WorkInProcess | 9.26M | 13.59M | 5.76M | 5.46M |
| RawMaterials | 30.64M | 22.41M | 15.95M | 9.51M |
| Receivables | 14.19M | 9.80M | 16.59M | 12.86M |
| AccountsReceivable | 14.19M | 9.80M | 16.59M | 12.86M |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | 0.00 | 0.00 | |
| GrossAccountsReceivable | 16.59M | 12.86M | 5.20M | |
| CashCashEquivalentsAndShortTermInvestments | 24.33M | 49.16M | 47.91M | 31.48M |
| OtherShortTermInvestments | 0.00 | 17.85M | 0.00 | |
| CashAndCashEquivalents | 24.33M | 49.16M | 30.05M | 31.48M |
| CashEquivalents | 21.26M | 44.13M | 26.87M | 28.53M |
| CashFinancial | 3.07M | 5.03M | 3.18M | 2.96M |
| Line Item | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|
| FreeCashFlow | -12.39M | 1.01M | 8.65M | 1.09M |
| RepurchaseOfCapitalStock | -72.00K | -2.06M | -429.00K | -20.00K |
| RepaymentOfDebt | 0.00 | 0.00 | -1.40M | |
| IssuanceOfDebt | 0.00 | 0.00 | ||
| IssuanceOfCapitalStock | 0.00 | 6.82M | 24.03M | 0.00 |
| CapitalExpenditure | -4.99M | -749.00K | -1.36M | -416.00K |
| InterestPaidSupplementalData | 0.00 | 0.00 | 15.00K | 12.00K |
| IncomeTaxPaidSupplementalData | 100.00K | 90.00K | 21.00K | 4.00K |
| EndCashPosition | 26.48M | 49.31M | 30.20M | 31.56M |
| BeginningCashPosition | 49.31M | 30.20M | 31.56M | 4.66M |
| EffectOfExchangeRateChanges | 13.00K | -41.00K | -37.00K | 49.00K |
| ChangesInCash | -22.84M | 19.15M | -1.32M | 26.85M |
| FinancingCashFlow | 625.00K | 139.00K | 7.32M | 25.76M |
| CashFlowFromContinuingFinancingActivities | 625.00K | 139.00K | 7.32M | 25.76M |
| NetOtherFinancingCharges | -784.00K | -1.60M | -2.06M | -429.00K |
| ProceedsFromStockOptionExercised | 1.41M | 1.81M | 2.56M | 3.56M |
| NetCommonStockIssuance | 0.00 | -72.00K | 6.82M | 24.03M |
| CommonStockPayments | -72.00K | -2.06M | -429.00K | -20.00K |
| CommonStockIssuance | 0.00 | 6.82M | 24.03M | 0.00 |
| NetIssuancePaymentsOfDebt | 0.00 | 0.00 | -1.40M | 1.40M |
| NetShortTermDebtIssuance | 0.00 | -1.40M | 1.40M | |
| NetLongTermDebtIssuance | 0.00 | 0.00 | -1.40M | 0.00 |
| LongTermDebtPayments | 0.00 | 0.00 | -1.40M | |
| LongTermDebtIssuance | 0.00 | 0.00 | ||
| InvestingCashFlow | -16.07M | 17.25M | -18.66M | -416.00K |
| CashFlowFromContinuingInvestingActivities | -16.07M | 17.25M | -18.66M | -416.00K |
| NetInvestmentPurchaseAndSale | 0.00 | 18.00M | -17.29M | 0.00 |
| SaleOfInvestment | 0.00 | 18.00M | 16.00M | 0.00 |
| PurchaseOfInvestment | 0.00 | 0.00 | -33.29M | 0.00 |
| NetBusinessPurchaseAndSale | -11.07M | 0.00 | 0.00 | |
| PurchaseOfBusiness | -11.07M | 0.00 | 0.00 | |
| NetPPEPurchaseAndSale | -4.99M | -749.00K | -1.36M | -416.00K |
| PurchaseOfPPE | -4.99M | -749.00K | -1.36M | -416.00K |
| OperatingCashFlow | -7.40M | 1.76M | 10.01M | 1.51M |
| CashFlowFromContinuingOperatingActivities | -7.40M | 1.76M | 10.01M | 1.51M |
| ChangeInWorkingCapital | -12.20M | -14.38M | -7.84M | -10.29M |
| ChangeInOtherWorkingCapital | 143.00K | -1.47M | 369.00K | 2.20M |
| ChangeInOtherCurrentLiabilities | -699.00K | -423.00K | -561.00K | -738.00K |
| ChangeInPayablesAndAccruedExpense | -1.16M | -4.67M | 5.58M | 2.83M |
| ChangeInAccruedExpense | -378.00K | -792.00K | 528.00K | 1.46M |
| ChangeInPayable | -779.00K | -3.88M | 5.05M | 1.36M |
| ChangeInAccountPayable | -714.00K | -3.89M | 5.04M | 1.36M |
| ChangeInTaxPayable | -65.00K | 14.00K | 8.00K | 6.00K |
| ChangeInIncomeTaxPayable | -65.00K | 14.00K | 8.00K | 6.00K |
| ChangeInPrepaidAssets | -5.01M | -875.00K | 28.00K | -71.00K |
| ChangeInInventory | -2.44M | -13.73M | -9.47M | -6.67M |
| ChangeInReceivables | -3.04M | 6.79M | -3.79M | -7.83M |
| ChangesInAccountReceivables | -3.04M | 6.79M | -3.79M | -7.83M |
| OtherNonCashItems | 88.00K | -49.00K | -18.00K | |
| StockBasedCompensation | 5.16M | 2.52M | 2.75M | 3.01M |
| ProvisionandWriteOffofAssets | 0.00 | 0.00 | 24.00K | 0.00 |
| AssetImpairmentCharge | 584.00K | 0.00 | 0.00 | |
| AmortizationOfSecurities | 0.00 | -130.00K | -576.00K | 0.00 |
| DeferredTax | -421.00K | -20.77M | 0.00 | 0.00 |
| DeferredIncomeTax | -421.00K | -20.77M | 0.00 | 0.00 |
| DepreciationAmortizationDepletion | 3.39M | 1.36M | 1.10M | 1.04M |
| DepreciationAndAmortization | 3.39M | 1.36M | 1.10M | 1.04M |
| Depreciation | 3.39M | 1.36M | 1.10M | 1.04M |
| OperatingGainsLosses | -1.70M | -2.19M | ||
| GainLossOnSaleOfPPE | 0.00 | 0.00 | ||
| GainLossOnSaleOfBusiness | 0.00 | 0.00 | -2.19M | |
| NetIncomeFromContinuingOperations | -3.91M | 33.16M | 14.56M | 9.45M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for AEHR
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|