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Aehr Test Systems (AEHR)

Aehr Test Systems reported revenue of $50M in fiscal 2026, down 15.2% from a year earlier. It posted a net loss of $7.1M. In fiscal 2026 capital spending exceeded operating cash flow by $5.4M. At May 29, 2026 it held $116.4M in cash. Its latest periodic report to the SEC is the annual report (10-K) filed on July 27, 2026.

Price
$104.39
+7.16% on the day · September 25, 2026
52-week range $18.70 to $147.40
Market cap
$3.4B
Revenue (FY2026)
$50M
-15.2% year on year
Net margin
-14.3%

What Aehr Test Systems does

Aehr Test Systems is registered with the SEC under industry code SIC 3825 (Instruments For Meas & Testing of Electricity & Elec Signals). Its shares trade on NASDAQ under the ticker AEHR.

Revenue and profit by year

Revenue
FY19: $21.1M $21.1M FY19FY20: $22.3M $22.3M FY20FY21: $16.6M $16.6M FY21FY22: $50.8M $50.8M FY22FY23: $65M $65M FY23FY24: $66.2M $66.2M FY24FY25: $59M $59M FY25FY26: $50M $50M FY26
Net income
FY19: -$5.2M -$5.2M FY19FY20: -$2.8M -$2.8M FY20FY21: -$2M -$2M FY21FY22: $9.5M $9.5M FY22FY23: $14.6M $14.6M FY23FY24: $33.2M $33.2M FY24FY25: -$3.9M -$3.9M FY25FY26: -$7.1M -$7.1M FY26

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2026$50M-$14.1M-$7.1M-$0.23-$5.4M
2025$59M-$5.7M-$3.9M-$0.13-$12.4M
2024$66.2M$10.1M$33.2M$1.12$1M
2023$65M$13.4M$14.6M$0.50$8.6M
2022$50.8M$7.8M$9.5M$0.34$1.1M
2021$16.6M-$4.2M-$2M-$0.09-$2.9M

Latest SEC filings

What Aehr Test Systems has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 10, 2026
  2. September 9, 2026
  3. August 14, 2026
  4. August 6, 2026
  5. July 29, 2026
  6. July 27, 2026
  7. July 27, 2026
    Annual report 10-K · period to May 29, 2026
  8. July 14, 2026
  9. May 6, 2026
  10. April 20, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 3, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about AEHR

What does Aehr Test Systems do?

Aehr Test Systems is registered with the SEC under industry code SIC 3825 (Instruments For Meas & Testing of Electricity & Elec Signals). Its shares trade on NASDAQ under the ticker AEHR.

Is Aehr Test Systems profitable?

No. In fiscal 2026 it reported a net loss of $7.1M on revenue of $50M.

How much revenue does Aehr Test Systems make?

In fiscal 2026 Aehr Test Systems reported revenue of $50M. That is 15.2% less than a year earlier.

When did Aehr Test Systems last report?

Its most recent periodic report is the annual report (10-K) filed on July 27, 2026. It covers the period to May 29, 2026. Its newest filing of any kind is the annual report to shareholders from September 10, 2026.

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Where the numbers come from

Financial figures are the values Aehr Test Systems tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.