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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:ResearchAndDevelopmentExpense.

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, except par value)Three Months Ended / February 27, 2026Three Months Ended / February 28, 2025Nine Months Ended / February 27, 2026Nine Months Ended / February 28, 2025
Cost of revenue6,94511,12421,53425,218
Gross profit3,3687,1839,63219,661
Operating expenses:
Research and development3,1673,1408,9887,777
Selling, general and administrative4,4305,16213,58114,357
Restructuring charges--6-
Total operating expenses7,5978,30222,57522,134
Loss from operations(4,229)(1,119)(12,943)(2,473)

Item 1. Financial Statements (unaudited)

FAQ

What is Aehr Test Systems's R&D?
Aehr Test Systems (AEHR) reported R&D of $3.17M in Q1 2026.
How has Aehr Test Systems's R&D changed year-over-year?
Aehr Test Systems's R&D increased by 0.9% year-over-year, from $3.14M to $3.17M.
What is the long-term trend for Aehr Test Systems's R&D?
Over 4 years (2021 to 2025), Aehr Test Systems's R&D has grown at a 30.1% compound annual growth rate (CAGR), from $3.65M to $10.46M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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