Stocks Industrials AEHR
NASDAQ · IndustrialsAehr 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 September 25, 2026 it held $104.9M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Aehr Test Systems
- Net worth
- Aehr Test Systems has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $222.1M on its balance sheet at September 25, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $50M (-15.2% year on year), with a net loss of $7.1M.
- Cash flow
- In fiscal 2026 operations used $3.3M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 25, 2026. Open on SEC EDGAR
- Next earnings report
- Aehr Test Systems's next report is expected around January 7, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $50M | -$7.1M | -$0.23 | -$5.4M |
| 2025 | $59M | -$3.9M | -$0.13 | -$12.4M |
| 2024 | $66.2M | $33.2M | $1.12 | $1M |
| 2023 | $65M | $14.6M | $0.50 | $8.6M |
| 2022 | $50.8M | $9.5M | $0.34 | $1.1M |
| 2021 | $16.6M | -$2M | -$0.09 | -$2.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AEHR ranks in Industrials
Latest SEC filings
What Aehr Test Systems has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- November 2, 2026
- October 29, 2026
- October 20, 2026
- September 10, 2026
- September 9, 2026Proxy statement DEF 14A
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Aehr Test Systems did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 1, 2026 | Salamone AlbertoEVP, PPBI BUSINESS | Shares withheld for tax | 204 | $11.2K |
| October 28, 2026 | Vijayrao Narsing KrishnaDirector | Received as pay | 2,169 | - |
| October 27, 2026 | Engineer AdilChief Operating Officer | Shares withheld for tax | 202 | $12.9K |
| October 27, 2026 | Erickson GaynPresident and CEO, Director | Shares withheld for tax | 851 | $54.4K |
| October 27, 2026 | Richmond Donald P. IICTO | Shares withheld for tax | 145 | $9.3K |
| October 27, 2026 | Rogers VernonExec VP of Sales & Mktg. | Shares withheld for tax | 197 | $12.6K |
| October 27, 2026 | Sporck Alistair NVP Contactor Business Unit | Shares withheld for tax | 188 | $12K |
| October 20, 2026 | Posedel Rhea JDirector | Exercised options | 18,000 | $31.9K |
Who owns AEHR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Jane Street Group, LLC13G, passive with 2 related filers | 5.1% | July 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 262 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 2,659,542 | +372,643 |
| Vanguard Capital Management LLC | 1,320,350 | +38,493 |
| D. E. Shaw & Co., Inc. | 1,177,421 | +835,783 |
| Two Sigma Investments, LP | 1,164,614 | +950,242 |
| Fmr LLC | 1,006,830 | -1,135,809 |
| Vanguard Portfolio Management LLC | 966,659 | +48,783 |
| Geode Capital Management, LLC | 875,505 | +149,794 |
| Goldman Sachs Group Inc | 810,036 | -452,007 |
| Jane Street Group, LLC | 753,523 | +476,478 |
| Jpmorgan Chase & Co | 732,547 | +542,208 |
| State Street Corp | 712,926 | +89,620 |
| Connor, Clark & Lunn Investment Management Ltd. | 670,758 | +451,949 |
| Morgan Stanley | 480,400 | +314,727 |
| Next Century Growth Investors LLC | 410,731 | -344,006 |
| Citadel Advisors LLC | 400,732 | +259,441 |
| Marshall Wace, Llp | 382,738 | +372,527 |
| AWM Investment Company, Inc. | 374,808 | -1,219,163 |
| Invesco Ltd. | 296,226 | +10,501 |
| Northern Trust Corp | 277,020 | +24,862 |
| Charles Schwab Investment Management Inc | 249,512 | +13,973 |
Insiders
14 insiders reported holding 1,617,714 shares in total, about $96.4M at the last price.
| Holder | Shares |
|---|---|
| Posedel Rhea JDirector | 447,145381,989 held indirectly |
| Erickson GaynPresident and CEO, Director | 349,033158,776 held indirectly |
| Rogers VernonExec VP of Sales & Mktg. | 186,682 |
| Richmond Donald P. IICTO | 186,583 |
| Slayen Howard TDirector | 140,667 |
| Siu ChrisCFO | 81,7786,795 held indirectly |
| Scott Geoffrey GatesDirector | 61,64810,000 held indirectly |
| Engineer AdilChief Operating Officer | 45,740 |
| Salamone AlbertoEVP, PPBI BUSINESS | 42,669 |
| Sporck Alistair NVP Contactor Business Unit | 28,0636,398 held indirectly |
Questions about AEHR
What does Aehr Test Systems do?
Aehr Test Systems is a company in the Industrials sector, listed on NASDAQ as AEHR. Its shares trade on NASDAQ under the ticker AEHR.
What is Aehr Test Systems's net worth?
Aehr Test Systems has a market value (market cap) of $1.9B at the latest share price, and shareholders' equity of $222.1M on its balance sheet at September 25, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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 quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 25, 2026.
When is Aehr Test Systems's next earnings report?
Aehr Test Systems's next report is expected around January 7, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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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.