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Aehr Test Systems AEHR Systems — Revenue

Other product segments

Contactors
$3M-49.4%
Services
$1.53M-6.0%

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Other financials

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$116.4M+339%
Total debt$9.9M-8.8%
Total equity$219.5M+78.7%
Total assets$246.7M+66.1%

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

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Market cap$3.25B+498%
Enterprise value$3.15B+496%
P/S63.8×+55.8×

Profitability

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Gross margin39.5%-8.0pp
Operating margin14.3%+0.7pp
Net margin44.2%+27.4pp
FCF margin-27.1%

Returns & leverage

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Return on equity32.3%+20.3pp
Debt / equity0.0×
Current ratio10.3×+4.7×

Where this comes from

Reported directly by Aehr Test Systems in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Aehr Test Systems’s 10-Q, filed April 8, 2026.

Filed
Apr 8, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001654954-26-003348
(In thousands)Three Months Ended / February 27, 2026Three Months Ended / February 28, 2025Nine Months Ended / February 27, 2026Nine Months Ended / February 28, 2025
Systems$5,782$10,744$17,521$14,214
Contactors3,0035,9379,06026,606
Services1,5281,6264,5854,059
$10,313$18,307$31,166$44,879

Item 1. Financial Statements (unaudited)

FAQ

What is Aehr Test Systems's systems — revenue?
Aehr Test Systems (AEHR) reported systems — revenue of $5.78M in Q1 2026.
How has Aehr Test Systems's systems — revenue changed year-over-year?
Aehr Test Systems's systems — revenue decreased by 46.2% year-over-year, from $10.74M to $5.78M.
What is the long-term trend for Aehr Test Systems's systems — revenue?
Over 3 years (2022 to 2025), Aehr Test Systems's systems — revenue has grown at a -3.8% compound annual growth rate (CAGR), from $25.22M to $22.48M.
What does systems — revenue mean?
This metric represents the total revenue generated from the sale of test and burn-in hardware systems to customers, excluding any pass-through taxes. It serves as a primary indicator of demand for the company's core capital equipment offerings within the semiconductor manufacturing supply chain. Tracking this revenue stream helps investors assess the company's market penetration and the cyclical adoption of its testing technologies by semiconductor manufacturers.

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