Latest revenue
$10.3M
as of 2026-02-27
Latest net income
$-3.2M
as of 2026-02-27
Net margin
-31.1%
as of 2026-02-27
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.99B
- Enterprise value
- $2.99B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $108.75
- 52-wk low
- $9.14
- Beta
- —
- Shares out
- 31.5M
5-year trend
What this company does
Item 1. Business OVERVIEW Aehr Test Systems, Inc. (“Aehr Test,” “Aehr,” or “we”) was incorporated in the state of California on May 25, 1977 and is headquartered in Fremont, California. We are a leading provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and have installed thousands of systems worldwide. Mission critical applications are driving increased quality, reliability, safety, and security needs of semiconductors. The applications include artificial intelligent (“AI”) compute data centers, electric vehicles, electric vehicle charging infrastructure, solar and wind power, data and…
AI summary unavailable — showing raw filing excerpt
Generated from AEHR's filing dated 2025-07-28
Key risks
You should carefully consider the risks described below. These risks are not the only risks that we may face. Additional risks and uncertainties that we are unaware of, or that we currently deem immaterial, also may become important factors that affect us. If any of the following risks occur, our business, financial condition or results of operations could be materially and adversely affected which could cause our actual operating results to differ materially from those indicated or suggested by forward-looking statements made in this Annual Report on Form 10-K or presented elsewhere by management from time to time. Risks Related to our Business and Industry We generate a large portion of…
AI summary unavailable — showing raw filing excerpt
Generated from AEHR's filing dated 2025-07-28
Profitability
Gross margin
40.6%
17.4%Operating margin
-9.6%
163.3%Net margin
-6.6%
113.2%Return on equity
-3.2%
107.3%Return on assets
-2.6%
110.2%Leverage
Debt / equity
0.21×
69.8%Long-term debt / equity
0.00×
Debt / assets
17.3%
57.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-27 | $10.3M | -43.7% | $-3.2M | -398.1% | -31.1% |
Q4 2025 2025-11-28 | $9.9M | -26.5% | $-3.2M | -777.7% | -32.7% |
Q3 2025 2025-08-29 | $11.0M | -16.4% | $-2.1M | -415.8% | -19.0% |
Q2 2025 2025-05-30 | $14.1M | -76.3% | $-3.6M | -114.9% | -25.3% |
Q1 2025 2025-02-28 | $18.3M | +142.1% | $-643.0K | +56.3% | -3.5% |
Q4 2024 2024-11-29 | $13.5M | +162.8% | $-368.0K | -106.0% | -2.7% |
Q3 2024 2024-08-30 | $13.1M | -36.4% | $660.0K | -85.9% | 5.0% |
Q2 2024 2024-05-31 | $59.5M | — | $23.9M | — | 40.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Instruments For Meas & Testing of Electricity & Elec Signals · SIC 3825
Your notes
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Insider activity
Insider buying
$0
Insider selling
$45.1M
Net activity
−$45.1M
Distinct insiders
13
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AEHR
Institutional value
$354.8M
Total shares held
9.7M
Distinct holders
107
-43 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 2.3M | $84.8M | +159.8K (+7.5%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 1.3M | $47.5M | — | New |
| 3 | BAILLIE GIFFORD & CO | 1.0M | $37.1M | -289.7K (-22.4%) | Trimmed |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 917.9K | $34.0M | — | New |
| 5 | Walleye Capital LLC | 534.4K | $19.8M | +529.7K (+11252.8%) | Added |
| 6 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 513.3K | $19.0M | +17.6K (+3.6%) | Added |
| 7 | Invesco Ltd. | 285.7K | $10.6M | +257.5K (+912.5%) | Added |
| 8 | JANE STREET GROUP, LLC | 277.0K | $10.3M | +36.6K (+15.2%) | Added |
| 9 | UBS Group AG | 246.8K | $9.1M | +3.6K (+1.5%) | Added |
| 10 | Connor, Clark & Lunn Investment Management Ltd. | 218.8K | $8.1M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 197.2K | $7.3M | — | New |
| 12 | BARD ASSOCIATES INC | 179.1K | $6.6M | -666 (-0.4%) | Trimmed |
| 13 | JPMORGAN CHASE & CO | 190.3K | $5.7M | +126.0K (+195.8%) | Added |
| 14 | DIMENSIONAL FUND ADVISORS LP | 93.0K | $3.4M | -16.0K (-14.7%) | Trimmed |
| 15 | Bank of New York Mellon Corp | 89.4K | $3.3M | -350 (-0.4%) | Trimmed |
| 16 | Penbrook Management LLC | 79.5K | $2.9M | -35.4K (-30.8%) | Trimmed |
| 17 | KENNEDY CAPITAL MANAGEMENT LLC | 76.0K | $2.8M | -284.2K (-78.9%) | Trimmed |
| 18 | KLCM Advisors, Inc. | 75.0K | $2.8M | +0 (+0.0%) | No change |
| 19 | Bouvel Investment Partners, LLC | 71.8K | $2.7M | +18.0K (+33.5%) | Added |
| 20 | Nuveen, LLC | 70.4K | $2.6M | +1.2K (+1.8%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once AEHR's latest filing finishes processing.