Aehr Test Systems (AEHR)
Nasdaq Market 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.
Last updated
- Market Cap
- $2,139,450,337
- P/E
- —
- P/FCF
- —
- P/S
- 43.24
- Enterprise Value
- $2,102,539,337
- Sector
- Industrials
- Industry
- Instruments for Measuring and Testing of Electricity and Electrical Signals
- Address
- 400 KATO TERRACE, FREMONT, CA, 94539
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $2,139,450,337
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $2,102,539,337
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 15.41
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 43.24
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -157.93
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 42.5
- EPS
- -0.29
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- —
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -6.6%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -5.83%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 10.97
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 6.26
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 4.22
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $1,819,963
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 68.02
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q1 | 2024 Q4 |
|---|---|---|---|---|---|
| Revenue | 10.31M | 9.88M | 10.97M | 18.31M | 13.45M |
| Cost of revenue | 6.95M | 7.34M | 7.25M | 11.12M | 8.05M |
| Gross profit | 3.37M | 2.55M | 3.72M | 7.18M | 5.4M |
| 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 expense | 240K | 194K | 179K | 270K | 228K |
| Other operating expenses | 0 | -213K | 219K | 0 | 0 |
| Total operating expenses | 7.6M | 7.19M | 7.79M | 8.3M | 6.91M |
| 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 Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 157.05M | 148.73M | 144.09M | 148.51M | 145.61M |
| Total liabilities | 18.25M | 17.96M | 21.7M | 25.64M | 21.4M |
| Total equity | 138.79M | 130.78M | 122.39M | 122.87M | 124.21M |
| Cash & equivalents | 36.91M | 30.84M | 22.71M | 24.53M | 29.41M |
| Current assets | 95.9M | 88.19M | 84.05M | 88.78M | 91.7M |
| Current liabilities | 8.74M | 8.31M | 11.91M | 15.64M | 16.06M |
| Accounts payable | 2.1M | 3.55M | 3.38M | 6.73M | 6.96M |
| Receivables | 11.81M | 10.28M | 13.06M | 14.19M | 11.99M |
| Inventories | 41.16M | 42.72M | 41.84M | 42M | 42.33M |
| Goodwill | 10.72M | 10.72M | 10.72M | 10.72M | 10.74M |
Cash Flow
| Line Item | 2025 Q3 | 2025 Q2 | 2024 Q3 | 2024 Q2 | 2023 Q4 |
|---|---|---|---|---|---|
| Operating cash flow | -282K | -2.3M | 2.38M | 1.22M | -787K |
| Investing cash flow | -1.39M | -2.82M | -10.81M | -46K | 43.03M |
| Financing cash flow | -158K | 251K | -106K | 421K | -7.58M |
| Change in cash | -1.82M | -4.88M | -8.53M | 1.58M | 34.69M |
| Net income | -2.08M | -2.9M | 660K | 23.86M | 2.32M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| form 4 | Form 4 — ENGINEER ADIL | View Filing | |
| form 4 | Form 4 — Erickson Gayn | View Filing | |
| form 4 | Form 4 — ROGERS VERNON | View Filing | |
| form 4 | Form 4 — RICHMOND DONALD P. II | View Filing | |
| form 4 | Form 4 — SALAMONE ALBERTO | View Filing | |
| form 4 | Form 4 — SPORCK ALISTAIR N | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — POSEDEL RHEA J | View Filing | |
| form 4 | Form 4 — POSEDEL RHEA J | View Filing | |
| form 4 | Form 4 — SLAYEN HOWARD T | View Filing | |
| form 4 | Form 4 — OLIPHANT LAURA | View Filing | |
| form 4 | Form 4 — SCOTT GEOFFREY GATES | View Filing | |
| form 4 | Form 4 — SCOTT GEOFFREY GATES | View Filing | |
| form 4 | Form 4 — SCOTT GEOFFREY GATES | View Filing | |
| form 4 | Form 4 — DANESH FARIBA | View Filing | |
| form 4 | Form 4 — ENGINEER ADIL | View Filing | |
| form 4 | Form 4 — ENGINEER ADIL | View Filing | |
| form 4 | Form 4 — ENGINEER ADIL | View Filing | |
| form 4 | Form 4 — Erickson Gayn | View Filing | |
| form 4 | Form 4 — Erickson Gayn | View Filing | |
| form 4 | Form 4 — Erickson Gayn | View Filing | |
| form 4 | Form 4 — Erickson Gayn | View Filing | |
| form 4 | Form 4 — ROGERS VERNON | View Filing | |
| form 4 | Form 4 — ROGERS VERNON | View Filing | |
| form 4 | Form 4 — ROGERS VERNON | View Filing | |
| form 4 | Form 4 — RICHMOND DONALD P. II | View Filing | |
| form 4 | Form 4 — RICHMOND DONALD P. II | View Filing | |
| form 4 | Form 4 — RICHMOND DONALD P. II | View Filing | |
| form 4 | Form 4 — SALAMONE ALBERTO | View Filing | |
| form 4 | Form 4 — SALAMONE ALBERTO | View Filing | |
| form 4 | Form 4 — SALAMONE ALBERTO | View Filing | |
| form 4 | Form 4 — SPORCK ALISTAIR N | View Filing | |
| form 4 | Form 4 — SPORCK ALISTAIR N | View Filing | |
| form 4 | Form 4 — SPORCK ALISTAIR N | View Filing | |
| form 4 | Form 4 — SPORCK ALISTAIR N | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — WIMMERS DIDIER | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| form 4 | Form 4 — OLIPHANT LAURA | View Filing | |
| form 4 | Form 4 — OLIPHANT LAURA | View Filing | |
| form 4 | Form 4 — OLIPHANT LAURA | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| form 4 | Form 4 — WIMMERS DIDIER | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 4 — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 144 — AEHR TEST SYSTEMS | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| form 4 | Form 4 — Siu Chris | View Filing | |
| edgar index | 4/A — AEHR TEST SYSTEMS | View Filing | |
| edgar index | 144 — AEHR TEST SYSTEMS | View Filing | |
| form 4 | Form 4 — SLAYEN HOWARD T | View Filing |
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