Aehr Test Systems, Inc. AEHR R2KAI
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Nov 2015 | Feb 2016 | May 2016 | Aug 2016 | Nov 2016 | Feb 2017 | May 2017 | Aug 2017 | Nov 2017 | Feb 2018 | May 2018 | Aug 2018 | Nov 2018 | Feb 2019 | May 2019 | Aug 2019 | Nov 2019 | Feb 2020 | May 2020 | Aug 2020 | Nov 2020 | Feb 2021 | May 2021 | Aug 2021 | Nov 2021 | Feb 2022 | May 2022 | Aug 2022 | Nov 2022 | Feb 2023 | Aug 2023 | Nov 2023 | Feb 2024 | Aug 2024 | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 6.97M | 7.92M | 7.39M | - | 4.74M | 5.91M | 3.16M | - | 5.53M | 6.87M | 6.11M | - | 2.01M | 1.68M | 5.27M | - | 5.65M | 9.61M | 15.28M | - | 10.67M | 14.81M | 17.21M | 20.62M | 21.43M | 7.56M | 13.12M | - | 18.31M | 14.09M | 10.97M | 9.88M | 10.31M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.12M | 9.82M | 7.25M | 7.34M | 6.95M |
| Gross Profit | 1.69M | 169.00K | -98.00K | 2.21M | 1.46M | 503.00K | 2.61M | 2.92M | 3.13M | 3.18M | 3.16M | 1.55M | 2.40M | 272.00K | 3.38M | 2.27M | 3.20M | 2.99M | -93.00K | 227.00K | 377.00K | 1.89M | 3.53M | 2.28M | 4.52M | 6.40M | 10.47M | 4.48M | 7.91M | 8.88M | 9.98M | 10.96M | 3.16M | 7.08M | - | 7.18M | 4.27M | 3.72M | 2.54M | 3.37M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.30M | 6.61M | 7.57M | 7.41M | 7.60M |
| Operating Income | -945.00K | -2.82M | - | -570.00K | -1.28M | -2.47M | - | 172.00K | 187.00K | 307.00K | - | -1.44M | -565.00K | -3.12M | - | -429.00K | 250.00K | 255.00K | - | -2.19M | -1.94M | -652.00K | - | -993.00K | 717.00K | 2.26M | - | 458.00K | 3.48M | 3.79M | 4.12M | 5.47M | -2.05M | 159.00K | - | -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 | -795.00K | 10.00K | 60.00K | 267.00K | 191.00K | -1.51M | -629.00K | -3.20M | 110.00K | -413.00K | 251.00K | 245.00K | -2.88M | 107.00K | -1.97M | -735.00K | 567.00K | 696.00K | 717.00K | 2.24M | 5.79M | 589.00K | 3.73M | 4.13M | 4.67M | 6.09M | -1.47M | 660.00K | - | -643.00K | -2.90M | -2.08M | -3.23M | -3.20M |
| Diluted EPS | -0.08 | -0.23 | - | -0.06 | -0.09 | -0.16 | - | 0.00 | 0.00 | 0.01 | - | -0.07 | -0.03 | -0.14 | - | -0.02 | 0.01 | 0.01 | - | 0.00 | -0.08 | -0.03 | - | 0.03 | 0.03 | 0.08 | 0.20 | 0.02 | 0.13 | 0.14 | 0.16 | 0.20 | -0.05 | 0.02 | - | -0.02 | -0.10 | -0.07 | -0.11 | -0.10 |
| R&D Expense | 923.00K | 1.29M | - | 1.06M | 1.04M | 1.25M | - | 955.00K | 1.09M | 1.04M | - | 1.12M | 986.00K | 931.00K | - | 892.00K | 795.00K | 845.00K | - | 900.00K | 820.00K | 903.00K | - | 1.32M | 1.31M | 1.53M | - | 1.50M | 1.55M | 1.83M | 2.46M | 1.97M | 2.14M | 2.36M | 2.28M | 3.14M | - | 2.85M | 2.97M | 3.17M |
Profit & Loss (Annual)
Figures in USD.
| Metric | May 2010 | May 2011 | May 2012 | May 2013 | May 2014 | May 2015 | May 2016 | May 2017 | May 2018 | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 18.90M | 29.55M | 21.06M | 22.29M | - | 50.83M | 64.96M | 66.22M | 58.97M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 27.16M | 32.22M | 33.67M | 35.03M |
| Gross Profit | 6.10M | 5.51M | 6.21M | 6.78M | 10.22M | 3.84M | 5.14M | 6.78M | 12.39M | 7.60M | 8.37M | - | 23.66M | 32.75M | 32.54M | 23.93M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 15.87M | 19.37M | 22.46M | 28.75M |
| Operating Income | -756.00K | -4.19M | -4.51M | -3.31M | 497.00K | -6.69M | -6.15M | -4.93M | 915.00K | -5.00M | -2.77M | - | 7.80M | 13.38M | 10.08M | -4.81M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 8.85M | 14.47M | 11.44M | -1.43M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | 9.54M | 14.62M | 12.46M | -4.29M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | 91.00K | 60.00K | -20.70M | -381.00K |
| Net Income | -481.00K | -3.39M | -3.39M | -3.42M | 422.00K | -6.65M | -6.79M | -5.65M | 528.00K | -5.24M | -2.80M | - | 9.45M | 14.56M | 33.16M | -3.91M |
| Diluted EPS | -0.06 | -0.39 | -0.38 | -0.36 | 0.04 | -0.55 | -0.52 | -0.35 | 0.02 | -0.23 | -0.12 | -0.09 | 0.34 | 0.50 | 1.12 | - |
| R&D Expense | 4.76M | 4.57M | 4.19M | 3.21M | 3.40M | 4.06M | 4.32M | 4.66M | 4.18M | 4.15M | 3.39M | 3.65M | 5.82M | 7.13M | 8.72M | 10.46M |
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 2009 | May 2010 | May 2011 | May 2012 | May 2013 | May 2014 | May 2015 | May 2016 | May 2017 | May 2018 | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 12.08M | 11.61M | 10.97M | 12.22M | 14.87M | 10.05M | 30.89M | 30.95M | 21.31M | 20.57M | - | 62.33M | 98.14M | 127.91M | 148.51M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | 60.01M | 89.03M | 97.85M | 88.78M |
| Cash & Equivalents | 4.36M | 7.77M | 4.02M | 2.07M | 2.32M | 1.81M | 5.53M | 939.00K | 17.80M | 16.85M | 5.43M | 5.43M | - | 31.48M | 30.05M | 49.16M | 24.33M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.05M | 23.91M | 37.47M | 42.00M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.86M | 16.59M | 9.80M | 14.19M |
| Total Liabilities | - | - | 2.98M | 5.16M | 5.98M | 5.20M | 10.32M | 10.77M | 14.10M | 11.67M | 5.85M | 6.52M | - | 11.34M | 22.54M | 16.32M | 25.64M |
| Current Liabilities | - | - | 2.54M | 4.81M | 5.70M | 5.12M | 6.52M | 4.68M | 7.88M | 11.15M | 5.51M | 3.87M | - | 11.01M | 16.31M | 10.51M | 15.64M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | 0 | 1.03M | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01M | 6.30M | 6.20M | 10.83M |
| Total Equity | 9.96M | 11.28M | 9.10M | 6.48M | 5.01M | 7.05M | 4.57M | -703.00K | 16.81M | 19.30M | 15.47M | 14.06M | - | 50.99M | 75.60M | 111.59M | 122.87M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.12M | 28.54M | 29.00M | 29.88M |
Cash Flows (Annual)
Figures in USD.
| Metric | May 2010 | May 2011 | May 2012 | May 2013 | May 2014 | May 2015 | May 2016 | May 2017 | May 2018 | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 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 | - | 1.51M | 10.01M | 1.76M | -7.40M |
| Investing Cash Flow | -69.00K | -15.00K | 1.33M | -127.00K | -289.00K | -118.00K | -919.00K | -477.00K | -572.00K | -173.00K | -163.00K | - | -416.00K | -18.66M | 17.25M | -16.07M |
| Financing Cash Flow | 176.00K | 343.00K | 1.58M | 1.06M | 391.00K | 6.41M | 2.51M | 21.84M | 925.00K | -5.55M | 2.17M | - | 25.76M | 7.32M | 139.00K | 625.00K |
| 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 | - | 1.09M | 8.65M | 1.01M | -12.39M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | 26.85M | -1.32M | 19.15M | -22.84M |
Ratios (Annual)
Figures in %.
| Metric | May 2010 | May 2011 | May 2012 | May 2013 | May 2014 | May 2015 | May 2016 | May 2017 | May 2018 | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for AEHR