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Aehr Test Systems, Inc. AEHR R2KAI

Technology · Semiconductor Equipment & Materials · United States
https://www.aehr.com

Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems in the United States, Asia, and Europe. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D, and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The company offers FOX-CP system, a low-cost single-wafer compact test solution for logic, memory, and photonic devices; and FOX WaferPak Contactor, a full wafer contactor capable of testing wafers up to 300mm that enables integrated circuit manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. In addition, it provides FOX DiePak Carrier, which allows testing, burning in, and stabilization of singulated bare die and modules; and FOX DiePak Loader. The company was incorporated in 1977 and is headquartered in Fremont, California.

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$92.33
+867.82% 1Y

Market & Price

Market Cap
$2.90B
Current Price
$92.33
High / Low (52W)
$109.92 / $9.54
Beta
3.27

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
615.53
PEG Ratio
0.90
Book Value
$4.48
Price to Book
20.59
P/S
64.17
EV/EBITDA
-241.21
Dividend Yield
-

Profitability & Returns

ROCE
-3.62%
ROE
-8.68%
ROA
-6.10%
Profit Margin
-25.23%
Op Margin
-41.01%
EPS (Latest Qtr)
$-0.10
EPS (TTM)
$-0.38

Balance Sheet & Liquidity

Debt/Equity
0.07
Quick Ratio
5.79
Current Ratio
10.97
Debt
$10.03M
Total Assets
$148.51M
Current Assets
$88.78M
Working Capital
$73.14M

Ownership

Promoter Holding
4.57%
Chg in Prom Hold
-
FII / Inst Holding
72.73%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$2.88B
Total Revenue (TTM)
$45.26M
EBITDA
$-11.93M
Free Cash Flow
$-7.45M
Operating Cash Flow
$-7.44M
Shares Outstanding
31.45M
Gross Margin
30.72%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
5.08%
Profit 5Y
-47.13%
Revenue (YoY)
-43.70%
Earnings (YoY)
-

PROS

  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -47.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 AEHR Aehr Test Systems, Inc. R2KAI 92.33 - $2.90B - -3.62% -8.68% 5.08% -47.13%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Nov 2015Feb 2016May 2016Aug 2016Nov 2016Feb 2017May 2017Aug 2017Nov 2017Feb 2018May 2018Aug 2018Nov 2018Feb 2019May 2019Aug 2019Nov 2019Feb 2020May 2020Aug 2020Nov 2020Feb 2021May 2021Aug 2021Nov 2021Feb 2022May 2022Aug 2022Nov 2022Feb 2023Aug 2023Nov 2023Feb 2024Aug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026
Revenue -------6.97M7.92M7.39M-4.74M5.91M3.16M-5.53M6.87M6.11M-2.01M1.68M5.27M-5.65M9.61M15.28M-10.67M14.81M17.21M20.62M21.43M7.56M13.12M-18.31M14.09M10.97M9.88M10.31M
Cost of Revenue -----------------------------------11.12M9.82M7.25M7.34M6.95M
Gross Profit 1.69M169.00K-98.00K2.21M1.46M503.00K2.61M2.92M3.13M3.18M3.16M1.55M2.40M272.00K3.38M2.27M3.20M2.99M-93.00K227.00K377.00K1.89M3.53M2.28M4.52M6.40M10.47M4.48M7.91M8.88M9.98M10.96M3.16M7.08M-7.18M4.27M3.72M2.54M3.37M
Operating Expenses -----------------------------------8.30M6.61M7.57M7.41M7.60M
Operating Income -945.00K-2.82M--570.00K-1.28M-2.47M-172.00K187.00K307.00K--1.44M-565.00K-3.12M--429.00K250.00K255.00K--2.19M-1.94M-652.00K--993.00K717.00K2.26M-458.00K3.48M3.79M4.12M5.47M-2.05M159.00K--1.12M-2.34M-3.85M-4.86M-4.23M
EBITDA ------------------------------------210.00K-1.32M-2.92M-3.99M-3.37M
Interest Expense ----------------------------------------
Pretax Income ------------------------------------874.00K-2.99M-2.84M-4.44M-4.00M
Tax Provision ------------------------------------231.00K-87.00K-752.00K-1.21M-798.00K
Net Income -1.05M-2.98M-3.06M-755.00K-1.45M-2.65M-795.00K10.00K60.00K267.00K191.00K-1.51M-629.00K-3.20M110.00K-413.00K251.00K245.00K-2.88M107.00K-1.97M-735.00K567.00K696.00K717.00K2.24M5.79M589.00K3.73M4.13M4.67M6.09M-1.47M660.00K--643.00K-2.90M-2.08M-3.23M-3.20M
Diluted EPS -0.08-0.23--0.06-0.09-0.16-0.000.000.01--0.07-0.03-0.14--0.020.010.01-0.00-0.08-0.03-0.030.030.080.200.020.130.140.160.20-0.050.02--0.02-0.10-0.07-0.11-0.10
R&D Expense 923.00K1.29M-1.06M1.04M1.25M-955.00K1.09M1.04M-1.12M986.00K931.00K-892.00K795.00K845.00K-900.00K820.00K903.00K-1.32M1.31M1.53M-1.50M1.55M1.83M2.46M1.97M2.14M2.36M2.28M3.14M-2.85M2.97M3.17M

Profit & Loss (Annual)

Figures in USD.

Metric May 2010May 2011May 2012May 2013May 2014May 2015May 2016May 2017May 2018May 2019May 2020May 2021May 2022May 2023May 2024May 2025
Revenue -------18.90M29.55M21.06M22.29M-50.83M64.96M66.22M58.97M
Cost of Revenue ------------27.16M32.22M33.67M35.03M
Gross Profit 6.10M5.51M6.21M6.78M10.22M3.84M5.14M6.78M12.39M7.60M8.37M-23.66M32.75M32.54M23.93M
Operating Expenses ------------15.87M19.37M22.46M28.75M
Operating Income -756.00K-4.19M-4.51M-3.31M497.00K-6.69M-6.15M-4.93M915.00K-5.00M-2.77M-7.80M13.38M10.08M-4.81M
EBITDA ------------8.85M14.47M11.44M-1.43M
Interest Expense ----------------
Pretax Income ------------9.54M14.62M12.46M-4.29M
Tax Provision ------------91.00K60.00K-20.70M-381.00K
Net Income -481.00K-3.39M-3.39M-3.42M422.00K-6.65M-6.79M-5.65M528.00K-5.24M-2.80M-9.45M14.56M33.16M-3.91M
Diluted EPS -0.06-0.39-0.38-0.360.04-0.55-0.52-0.350.02-0.23-0.12-0.090.340.501.12-
R&D Expense 4.76M4.57M4.19M3.21M3.40M4.06M4.32M4.66M4.18M4.15M3.39M3.65M5.82M7.13M8.72M10.46M

Compounded Sales Growth

5 Years:5.08%
1 Year:-43.70%

Compounded Profit Growth

5 Years:-47.13%
1 Year:-

Stock Price Performance

1 Year:+867.82%
6 Months:+329.44%
3 Months:+146.67%
1 Month:+12.86%

Balance Sheet (Annual)

Figures in USD.

Metric May 2009May 2010May 2011May 2012May 2013May 2014May 2015May 2016May 2017May 2018May 2019May 2020May 2021May 2022May 2023May 2024May 2025
Total Assets --12.08M11.61M10.97M12.22M14.87M10.05M30.89M30.95M21.31M20.57M-62.33M98.14M127.91M148.51M
Current Assets -------------60.01M89.03M97.85M88.78M
Cash & Equivalents 4.36M7.77M4.02M2.07M2.32M1.81M5.53M939.00K17.80M16.85M5.43M5.43M-31.48M30.05M49.16M24.33M
Inventory -------------15.05M23.91M37.47M42.00M
Receivables -------------12.86M16.59M9.80M14.19M
Total Liabilities --2.98M5.16M5.98M5.20M10.32M10.77M14.10M11.67M5.85M6.52M-11.34M22.54M16.32M25.64M
Current Liabilities --2.54M4.81M5.70M5.12M6.52M4.68M7.88M11.15M5.51M3.87M-11.01M16.31M10.51M15.64M
Long Term Debt ----------01.03M-----
Total Debt -------------1.01M6.30M6.20M10.83M
Total Equity 9.96M11.28M9.10M6.48M5.01M7.05M4.57M-703.00K16.81M19.30M15.47M14.06M-50.99M75.60M111.59M122.87M
Shares Outstanding -------------27.12M28.54M29.00M29.88M

Cash Flows (Annual)

Figures in USD.

Metric May 2010May 2011May 2012May 2013May 2014May 2015May 2016May 2017May 2018May 2019May 2020May 2021May 2022May 2023May 2024May 2025
Operating Cash Flow 3.25M-4.14M-4.88M-310.00K-607.00K-2.26M-6.28M-4.50M-1.35M-5.64M-2.02M-1.51M10.01M1.76M-7.40M
Investing Cash Flow -69.00K-15.00K1.33M-127.00K-289.00K-118.00K-919.00K-477.00K-572.00K-173.00K-163.00K--416.00K-18.66M17.25M-16.07M
Financing Cash Flow 176.00K343.00K1.58M1.06M391.00K6.41M2.51M21.84M925.00K-5.55M2.17M-25.76M7.32M139.00K625.00K
Capital Expenditure -69.00K-15.00K-45.00K-127.00K-339.00K-118.00K-919.00K-477.00K-572.00K-173.00K-163.00K--416.00K-1.36M-749.00K-4.99M
Free Cash Flow 3.18M-4.16M-4.92M-437.00K-946.00K-2.37M-7.20M-4.97M-1.92M-5.81M-2.19M-1.09M8.65M1.01M-12.39M
Net Change in Cash ------------26.85M-1.32M19.15M-22.84M

Ratios (Annual)

Figures in %.

Metric May 2010May 2011May 2012May 2013May 2014May 2015May 2016May 2017May 2018May 2019May 2020May 2021May 2022May 2023May 2024May 2025
Gross Margin % -------35.9%41.9%36.1%37.6%-46.6%50.4%49.1%40.6%
Operating Margin % --------26.1%3.1%-23.7%-12.4%-15.3%20.6%15.2%-8.2%
Net Margin % --------29.9%1.8%-24.9%-12.6%-18.6%22.4%50.1%-6.6%
ROE % -4.3%-37.2%-52.3%-68.2%6.0%-145.5%965.1%-33.6%2.7%-33.8%-19.9%-18.5%19.3%29.7%-3.2%
ROCE % --43.9%-66.2%-62.7%7.0%-80.2%-114.7%-21.4%4.6%-31.7%-16.5%-15.2%16.3%8.6%-3.6%

Shareholding Pattern

Insiders
4.57%
Institutions
72.73%
Public Float
76.21%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.27% 2.29M $211.15M
2 FMR, LLC 6.81% 2.14M $197.83M
3 AWM Investment Company, Inc. 5.07% 1.59M $147.17M
4 Price (T.Rowe) Associates Inc 4.29% 1.35M $124.59M
5 Vanguard Capital Management LLC 4.08% 1.28M $118.35M
6 Goldman Sachs Group Inc 4.01% 1.26M $116.52M
7 BAILLIE GIFFORD & CO 3.18% 1.00M $92.42M
8 Vanguard Portfolio Management LLC 2.92% 917.88K $84.75M
9 Next Century Growth Investors LLC 2.40% 754.74K $69.68M
10 Geode Capital Management, LLC 2.31% 725.71K $67.00M

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