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Aehr Test Systems AEHR · USD

Information Technology · US listing · 🇺🇸 United States

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59.81

+11.65%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2026

Revenue

$50.0m

FY2017FY2026

Net income

−$7.1m

FY2017FY2026

Free cash flow

−$5.4m

FY2017FY2026

Shareholders' equity

$219.5m

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue$50.0m$59.0m$66.2m$65.0m$50.8m$16.6m$22.3m$21.1m$29.6m$18.9m
Gross profit$17.7m$23.9m$32.5m$32.7m$23.7m$6.0m$8.4m$7.6m$12.4m$6.8m
Research and development$12.6m$10.5m$8.7m$7.1m$5.8m$3.7m$3.4m$4.2m$4.2m$4.7m
Operating income−$14.1m−$4.3m$10.1m$13.4m$7.8m−$4.2m−$2.5m−$4.3m$915,000−$4.9m
Net income−$7.1m−$3.9m$33.2m$14.6m$9.4m−$2.0m−$2.8m−$5.2m$528,000−$5.7m
Diluted earnings per share-0.23-0.131.120.490.32-0.07-0.12-0.230.02-0.25

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets$246.7m$148.5m$127.9m$98.1m$62.3m$21.7m$20.6m$21.3m$31.0m$30.9m
Cash and short-term investments$116.4m$25.2m$49.2m$47.9m$31.5m$4.6m$5.4m$5.4m$16.8m$17.8m
Total liabilities$27.2m$25.6m$16.3m$22.5m$11.3m$10.2m$6.5m$5.9m$11.7m$14.1m
Debt$9.9m$10.8m$6.2m$6.3m$1.0m$4.8m$3.9m—$6.1m$6.2m
Shareholders' equity$219.5m$122.9m$111.6m$75.6m$51.0m$11.4m$14.1m$15.5m$19.3m$16.8m
Shares outstanding31m30m30m30m29m28m23m23m22m23m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations−$3.3m−$7.4m$1.8m$10.0m$1.5m−$2.7m−$2.0m−$5.6m−$1.4m−$4.5m
Capital spending−$2.1m−$5.0m−$749,000−$1.4m−$416,000−$227,000−$163,000−$173,000−$572,000−$477,000
Free cash flow−$5.4m−$12.4m$1.0m$8.6m$1.1m−$2.9m−$2.2m−$5.8m−$1.9m−$5.0m
Dividends paid————−$1.4m−$1.4m−$1.7m———

Latest quarters

By quarter end

May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024
Revenue$19.8m$10.3m$9.9m$11.0m$14.1m$18.3m$13.5m$13.1m
Gross profit$8.0m$3.4m$2.5m$3.7m$4.3m$7.2m$5.4m$7.1m
Operating income−$993,000−$4.2m−$4.9m−$3.8m−$2.3m−$1.1m−$1.5m$159,000
Net income$1.4m−$3.2m−$3.2m−$2.1m−$2.9m−$643,000−$1.0m$660,000
Diluted earnings per share0.05-0.10-0.11-0.07-0.10-0.02-0.030.02
Cash from operations$1.0m−$2.0m−$1.0m—−$2.0m−$1.0m−$5.0m$2.0m
Capital spending———−$1.0m−$2.0m−$1.0m——
Free cash flow————−$4.0m−$2.0m——
Total assets$246.7m$157.0m$148.7m$144.1m$148.5m$145.6m$142.3m$145.9m
Cash and short-term investments$116.4m$36.9m$30.8m$22.7m$25.2m$30.1m$33.1m$37.8m
Debt$626,000$606,000$585,000$905,000$909,000$1.2m$858,000$827,000
Shareholders' equity$219.5m$138.8m$130.8m$122.4m$122.9m$124.2m$123.2m$122.5m

Financial ratios

Data as of 5 Nov 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin35.3%40.6%49.1%50.4%46.6%36.3%———
Operating margin-23.5%-7.3%18.8%20.6%18.8%-13.0%———
Net margin-14.3%-6.6%50.1%22.4%18.6%-12.2%———
Return on equity-3.2%-3.2%29.7%19.3%18.5%-17.7%———
Return on assets-2.9%-2.6%25.9%14.8%15.2%-9.4%———
Free cash flow yield-0.1%-0.1%0.1%0.6%0.1%-0.1%———
Revenue growth-15.2%-10.9%1.9%27.8%206.2%-25.5%———
Earnings growth82.3%-111.8%127.8%54.0%-566.2%-27.7%———
Current ratio10.33x5.68x9.31x5.46x5.45x2.12x———
Debt to equity0.00x0.01x0.00x0.00x0.02x0.33x———
Equity ratio89.0%82.7%87.2%77.0%81.8%52.8%———
Interest coverage———10.77x733.92x-46.91x-276.60x-19.67x2.14x
R&D as a share of sales25.3%17.7%13.2%11.0%11.4%22.0%———
Buybacks as a share of market value-11.5%-1.3%0.4%-2.4%-2.6%-21.1%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-8.4%24.7%13.2%
Operating income—27.6%8.7%
Net income—28.6%0.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin38.2%44.5%44.4%42.7%
Operating margin-16.9%2.1%2.8%-2.0%
Net margin-10.1%15.3%14.3%5.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings-261.8-155.214.954.361.9-338.1-21.1-8.859.5-11.0
Price to sales37.310.37.512.211.541.32.72.21.13.3

Market value over time

30 Dec 2016 to 4 Nov 2026, in USD

$38.6m$2.04bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return57%-52%25%47%609%18%31%-51%14%33%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.