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Aehr Test Systems AEHR Work in process

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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$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

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Market cap$3.22B+424%

Profitability

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

Returns & leverage

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Return on equity32.3%+20.3pp
Debt / equity0.1×0.0×
Current ratio11×+5.3×

Where this comes from

Reported directly by Aehr Test Systems in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Aehr Test Systems’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aehr Test Systems's work in process?
Aehr Test Systems (AEHR) reported work in process of $9.37M in Q1 2026.
How has Aehr Test Systems's work in process changed year-over-year?
Aehr Test Systems's work in process decreased by 22.1% year-over-year, from $12.02M to $9.37M.
What is the long-term trend for Aehr Test Systems's work in process?
Over 5 years (2020 to 2025), Aehr Test Systems's work in process has grown at a 26.7% compound annual growth rate (CAGR), from $2.88M to $9.4M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.