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Aehr Test Systems

AEHR

Aehr Test Systems is a leading provider of semiconductor test and reliability solutions specializing in the burn-in and stabilization of devices in wafer, singulated die, and package part forms.

Market cap
$2.61B+380%
Revenue$51.0M-33.8%
Net income-$9.2M-128%
Free cash flow-$13.8M-208%
EPS (diluted)-$0.30-127%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 5, 2026 (in 2 months)
Revenue estimate$26.8M
EPS estimate$0.10

Financials

Q1 2026

Income statement

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Revenue$10.3M-43.7%
Gross profit$3.4M-53.1%
Operating income-$4.2M-278%
Net income-$3.2M-398%
EPS (diluted)-$0.10-400%

Balance sheet

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Cash & equivalents$37.1M+18.2%
Total debt$10.0M+55.7%
Total equity$138.8M+11.7%
Total assets$157.0M+7.9%

Cash flow

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Operating cash flow-$5.1M-0.9%
CapEx$1.9M-11.1%
Free cash flow-$7.1M+2.7%

Valuation & ratios

Valuation

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Market cap$2.61B+380%
Enterprise value$2.5B+352%
P/S51.2×+44.7×

Profitability

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Gross margin39.5%-8.0pp

Returns & leverage

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Debt / equity0.1×0.0×
Current ratio11×+5.3×

Segments

By product

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Systems$5.8M-46.2%
Contactors$3.0M-49.4%
Services$1.5M-6.0%

By geography

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Asia$5.6M+1.5%
Europe And Middle East$2.0M

Competitors

Profile

Aehr Test Systems is a leading provider of semiconductor test and reliability solutions specializing in the burn-in and stabilization of devices in wafer, singulated die, and package part forms. The company's technology addresses critical quality and safety requirements for high-growth applications including artificial intelligence, electric vehicles, silicon photonics, and 5G infrastructure. By enabling full-wafer testing and high-power packaged part screening, Aehr helps manufacturers identify early-life failures and ensure long-term reliability in mission-critical semiconductors.

Competitive position

Aehr differentiates itself through proprietary full-wafer contact technology that eliminates the need for individual wafer probers, offering a significantly smaller factory footprint and lower cost of ownership for high-volume production.

GeographiesUnited States, Germany, Japan, Philippines, Taiwan, China, South Korea
Customer segmentsAutomotive OEMs, Data center infrastructure providers, Consumer electronics manufacturers, Telecommunications equipment providers
Business modelHardware manufacturing, Consumables, Equipment maintenance and service
SuppliersEnvironmental chamber manufacturers, Power supply vendors, Printed circuit assembly providers, Metal fabrication shops, IC and socket suppliers
CustomersElectric vehicle manufacturers, AI data center operators, Mobile device manufacturers, Solar and wind energy providers
Listed1997
Employees104.0
CEOGayn Erickson
Websiteaehr.com
FilingsSEC EDGAR

FAQ

What is Aehr Test Systems's market cap?
Aehr Test Systems (AEHR) has a market capitalization of $2.6B and trades on NASDAQ.
What is Aehr Test Systems's revenue and profitability?
Aehr Test Systems generated $51.0M in trailing twelve-month revenue with a net loss of $9.2M, representing a net margin of 44.2%. Gross margin stands at 39.5%, with free cash flow of -$13.8M. These figures are based on the Q1 2026 filing.
Who are Aehr Test Systems's competitors?
Aehr Test Systems's key competitors include Teradyne, FormFactor, Amtech Systems Inc, and others. These companies compete in similar markets and product categories.
What subsidiaries does Aehr Test Systems have?
Aehr Test Systems's subsidiaries include Incal Technology, Inc..
Where is Aehr Test Systems headquartered?
Aehr Test Systems is headquartered in United States of America and employs approximately 104 people. It has been publicly traded since 1997.