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Aehr Test Systems (AEHR)

NasdaqMarket Closed

Aehr Test Systems designs, manufactures, markets, and sells advanced test and burn-in equipment used by semiconductor manufacturers. Its systems are built to identify defects and improve reliability in integrated circuits before they are deployed in demanding end markets. The company operates as a specialist supplier to the semiconductor manufacturing industry, serving customers across multiple geographic regions.

Aehr is best known for solutions that test and burn in devices at wafer level, die level, and package level. Burn-in is a reliability process that stresses chips under controlled conditions to screen out early failures. This capability is increasingly important as semiconductors are used in applications where performance and durability are critical, including electric vehicles, automotive power electronics, mobility systems, data infrastructure, optical devices, memory, and logic products.

The company’s product families include ABTS and FOX systems, along with related tools and consumables such as the FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. These products support different stages of the production flow and are intended to help customers improve yield, reduce field failures, and qualify devices for high-reliability uses.

Aehr has gained particular market attention because of its exposure to silicon carbide and other advanced semiconductor technologies used in electrification and power conversion. As chip designs become more complex and end-use requirements become stricter, manufacturers often need more sophisticated test strategies. Aehr’s niche is providing equipment that can test many devices efficiently while supporting the reliability standards required by automotive, industrial, and communications markets.

109.89USD
108.10 USD
+18.18(+19.82%)
After-hours

Last updated

Market Cap
$2,991,621,470
P/E
P/FCF
P/S
60.47
Enterprise Value
$2,954,710,470
Sector
Industrials
Industry
Instruments for Measuring and Testing of Electricity and Electrical Signals
Address
400 KATO TERRACE, FREMONT, CA, 94539
Market Cap
$2,991,621,470
Enterprise Value
$2,954,710,470
P/E
P/B
21.55
P/S
60.47
EV / EBITDA
-221.94
EV / Sales
59.72
EPS
-0.28
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
ROE
-6.6%
ROA
-5.83%
Debt / Equity
0
Current Ratio
10.97
Quick Ratio
6.26
Cash
4.22
Avg Volume
$2,812,539
Fundamentals Snapshot Price
91.71

Income Statement

Line Item2026 Q12025 Q42025 Q32025 Q12024 Q4
Revenue10.31M9.88M10.97M18.31M13.45M
Cost of revenue6.95M7.34M7.25M11.12M8.05M
Gross profit3.37M2.55M3.72M7.18M5.4M
Operating income-4.23M-4.65M-4.07M-1.12M-1.51M
EBITDA-4.23M-4.86M-3.1M-1.12M-1.51M
Net income-3.2M-3.23M-2.08M-643K-1.03M
Income taxes-798K-1.21M-752K-231K-217K
Interest expense240K194K179K270K228K
Other operating expenses0-213K219K00
Total operating expenses7.6M7.19M7.79M8.3M6.91M
Basic EPS-0.1-0.11-0.07-0.02-0.03
Diluted EPS-0.1-0.11-0.07-0.02-0.03

Balance Sheet

Line Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Total assets157.05M148.73M144.09M148.51M145.61M
Total liabilities18.25M17.96M21.7M25.64M21.4M
Total equity138.79M130.78M122.39M122.87M124.21M
Cash & equivalents36.91M30.84M22.71M24.53M29.41M
Current assets95.9M88.19M84.05M88.78M91.7M
Current liabilities8.74M8.31M11.91M15.64M16.06M
Accounts payable2.1M3.55M3.38M6.73M6.96M
Receivables11.81M10.28M13.06M14.19M11.99M
Inventories41.16M42.72M41.84M42M42.33M
Goodwill10.72M10.72M10.72M10.72M10.74M

Cash Flow

Line Item2025 Q32025 Q22024 Q32024 Q22023 Q4
Operating cash flow-282K-2.3M2.38M1.22M-787K
Investing cash flow-1.39M-2.82M-10.81M-46K43.03M
Financing cash flow-158K251K-106K421K-7.58M
Change in cash-1.82M-4.88M-8.53M1.58M34.69M
Net income-2.08M-2.9M660K23.86M2.32M
KindFilingDateLink
edgar index4 — AEHR TEST SYSTEMSView Filing
form 4Form 4 — SLAYEN HOWARD TView Filing
edgar indexSCHEDULE 13G — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index10-K — AEHR TEST SYSTEMSView Filing
edgar indexS-3ASR — AEHR TEST SYSTEMSView Filing
form 4Form 4 — ENGINEER ADILView Filing
form 4Form 4 — RICHMOND DONALD P. IIView Filing
form 4Form 4 — SPORCK ALISTAIR NView Filing
form 4Form 4 — SPORCK ALISTAIR NView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — Erickson GaynView Filing
form 4Form 4 — Erickson GaynView Filing
ten k section10-K — businessView Filing
ten k section10-K — mdaView Filing
ten k section10-K — risk_factorsView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
form 4Form 4 — SCOTT GEOFFREY GATESView Filing
form 4Form 4 — SCOTT GEOFFREY GATESView Filing
form 4Form 4 — SCOTT GEOFFREY GATESView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
form 4Form 4 — SPORCK ALISTAIR NView Filing
form 4Form 4 — SPORCK ALISTAIR NView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index144 — AEHR TEST SYSTEMSView Filing
form 4Form 4 — SCOTT GEOFFREY GATESView Filing
form 4Form 4 — SCOTT GEOFFREY GATESView Filing
form 4Form 4 — SCOTT GEOFFREY GATESView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index8-K — AEHR TEST SYSTEMSView Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — RICHMOND DONALD P. IIView Filing
form 4Form 4 — Erickson GaynView Filing
form 4Form 4 — Erickson GaynView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
form 4Form 4 — ENGINEER ADILView Filing
form 4Form 4 — Erickson GaynView Filing
form 4Form 4 — Erickson GaynView Filing
form 4Form 4 — RICHMOND DONALD P. IIView Filing
form 4Form 4 — Siu ChrisView Filing
form 4Form 4 — Siu ChrisView Filing
form 4Form 4 — SPORCK ALISTAIR NView Filing
form 4Form 4 — SPORCK ALISTAIR NView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — ROGERS VERNONView Filing
form 4Form 4 — ROGERS VERNONView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
edgar index4 — AEHR TEST SYSTEMSView Filing
form 4Form 4 — ENGINEER ADILView Filing