…
Aehr Test Systems, Inc. provides test solutions for testing, burn-in, and semiconductor devices at wafer level, singulated die, and package level in the United States, Asia, Europe, and the Middle East. The company offers FOX-XP and FOX-NP systems, which are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize a range of devices, including silicon carbide-based (SIC) and gallium nitride (GAN) 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 used in AI. It also provides the FOX-CP system, a single-wafer compact test solution for logic, memory, and photonic devices; and the 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, the company offers the FOX DiePak Carrier, which allows testing, burn-in, and stabilization of singulated bare die and modules; FOX WaferPak Aligner; and FOX DiePak Loader. Further, it provides system installation and repair, applications engineering support, spare parts inventories, customer training, and documentation services. The company sells its products in the United States, Germany, Japan, the Philippines, and Taiwan through distributors and sales representatives. It serves semiconductor manufacturers, semiconductor contract assemblies, electronics manufacturers, and burn-in and test service companies. Aehr Test Systems, Inc. was incorporated in 1977 and is headquartered in Fremont, California.
Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Aehr Test Systems designs and manufactures test and burn-in systems and wafer-level contactor technology used by semiconductor manufacturers and assembly/test providers to validate and stress integrated circuits. Long-term growth may be supported by rising reliability requirements for power and RF devices and by greater adoption of wafer-level testing, and the company appears positioned to benefit from these secular trends.
Key risks include semiconductor capital-equipment cyclicality, customer concentration, competition from larger suppliers, and execution risk tied to technology adoption and scaling operations; investors should monitor order visibility and margin trends.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
| Income before tax | -11.74M | -4.29M | 12.46M | 14.62M | 9.54M |
| Net income | -7.13M | -3.91M | 33.16M | 14.56M | 9.45M |
| Selling general administrative | 19.16M | 18.28M | 13.75M | 12.24M | 10.05M |
| Gross profit | 17.65M | 23.93M | 32.54M | 32.75M | 23.66M |
| Reconciled depreciation | 3.53M | 3.39M | 1.36M | 0.45M | 0.31M |
| Ebit | - | -4.29M | 12.46M | 12.93M | 5.79M |
| Ebitda | -11.74M | -0.90M | 13.82M | 13.38M | 6.10M |
| Depreciation and amortization | - | 3.39M | 1.36M | 0.45M | 0.31M |
| Operating income | -14.15M | -4.31M | 10.08M | 13.38M | 5.79M |
| Other operating expenses | 64.15M | 63.28M | 56.14M | 51.59M | 43.03M |
| Interest expense | - | - | - | -1.24M | 0.01M |
| Tax provision | -4.61M | -0.38M | -20.70M | 0.06M | 0.09M |
| Interest income | 1.36M | 1.40M | 2.39M | 1.25M | 0.04M |
| Net interest income | 1.36M | 1.40M | 2.39M | 1.25M | 0.01M |
| Income tax expense | -4.61M | -0.38M | -20.70M | 0.06M | 0.09M |
| Total revenue | 50.00M | 58.97M | 66.22M | 64.96M | 50.83M |
| Total operating expenses | 31.80M | 28.25M | 22.46M | 19.37M | 15.87M |
| Cost of revenue | 32.35M | 35.03M | 33.67M | 32.22M | 27.16M |
| Total other income expense net | 2.41M | 0.02M | 2.38M | 1.24M | 3.75M |
| Net income from continuing ops | -7.13M | -3.91M | 33.16M | 14.56M | 9.45M |
| Net income applicable to common shares | - | -3.91M | 33.16M | 14.56M | 9.45M |
| Breakdown | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
| Total assets | 246.69M | 148.51M | 127.91M | 98.14M | 62.33M |
| Intangible assets | 9.55M | 10.78M | - | - | - |
| Other current assets | 9.26M | 3.76M | 1.22M | 0.62M | 0.61M |
| Total liab | 27.18M | 25.64M | 16.32M | 22.54M | 11.34M |
| Total stockholder equity | 219.51M | 122.87M | 111.59M | 75.60M | 50.99M |
| Other current liab | 5.28M | 7.82M | 4.61M | 4.14M | 3.61M |
| Common stock | 0.33M | 0.30M | 0.29M | 0.28M | 0.27M |
| Capital stock | 0.33M | 0.30M | 0.29M | 0.28M | 0.27M |
| Retained earnings | -30.19M | -23.06M | -19.15M | -52.31M | -66.86M |
| Other liab | - | - | - | 0.07M | 0.11M |
| Good will | 10.72M | 10.72M | 0.00M | - | - |
| Other assets | - | 19.66M | 21.08M | 0.23M | 0.20M |
| Cash | 116.36M | 25.23M | 49.16M | 30.05M | 31.48M |
| Cash and equivalents | - | 24.53M | 49.16M | 30.05M | 31.48M |
| Total current liabilities | 17.86M | 15.64M | 10.51M | 16.31M | 11.01M |
| Current deferred revenue | 5.19M | 0.18M | 0.10M | 2.82M | 2.42M |
| Net debt | -106.48M | -14.40M | -42.96M | -23.75M | -30.48M |
| Short term debt | 0.63M | 0.91M | 0.47M | 0.14M | 0.79M |
| Short long term debt total | 9.88M | 10.83M | 6.20M | 6.30M | 1.01M |
| Other stockholder equity | 249.48M | 145.76M | 130.61M | 127.78M | 117.69M |
| Property plant equipment | - | 18.57M | 8.99M | 8.88M | 2.12M |
| Total current assets | 184.45M | 88.78M | 97.85M | 89.03M | 60.01M |
| Net tangible assets | - | - | - | 75.60M | 50.99M |
| Short term investments | - | - | 0.00M | 17.85M | - |
| Net receivables | 17.47M | 17.79M | 10.00M | 16.59M | 12.86M |
| Inventory | 41.35M | 42.00M | 37.47M | 23.91M | 15.05M |
| Accounts payable | 6.75M | 6.73M | 5.33M | 9.21M | 4.20M |
| Accumulated other comprehensive income | -0.10M | -0.13M | -0.16M | -0.15M | -0.10M |
| Non currrent assets other | 0.30M | 0.35M | 0.10M | 0.23M | 0.20M |
| Non current assets total | 62.25M | 59.73M | 30.06M | 9.11M | 2.32M |
| Capital lease obligations | 9.88M | 10.83M | 6.20M | 6.30M | 1.01M |
| Long term debt total | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Breakdown | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
| Investments | 0.00M | -16.07M | 17.25M | -18.66M | -0.42M |
| Change to liabilities | - | - | - | 5.04M | 1.36M |
| Total cashflows from investing activities | -3.87M | -16.07M | 17.25M | -18.66M | -0.42M |
| Net borrowings | - | - | 0.00M | - | -1.40M |
| Total cash from financing activities | 97.21M | 0.62M | 0.14M | 7.32M | 25.76M |
| Change to operating activities | - | - | - | 0.93M | 3.59M |
| Net income | -7.13M | -3.91M | 33.16M | 14.56M | 9.45M |
| Change in cash | 90.03M | -23.93M | 19.11M | -1.36M | 26.90M |
| Begin period cash flow | 26.48M | 49.16M | 30.05M | 31.56M | 4.66M |
| End period cash flow | 116.51M | 25.23M | 49.16M | 30.20M | 31.56M |
| Total cash from operating activities | -3.31M | -7.40M | 1.76M | 10.01M | 1.51M |
| Issuance of capital stock | 97.39M | 0.00M | - | 6.82M | 24.03M |
| Depreciation | 2.80M | 3.39M | 1.36M | 0.45M | 0.31M |
| Other cashflows from investing activities | - | -11.07M | 18.00M | -17.29M | - |
| Change to inventory | 0.01M | -2.44M | -13.73M | -9.47M | -6.67M |
| Change to account receivables | -3.31M | -3.04M | 6.79M | -3.79M | -7.83M |
| Sale purchase of stock | -2.36M | -0.78M | -1.60M | -2.06M | -0.43M |
| Other cashflows from financing activities | -0.02M | -0.78M | 0.21M | 2.56M | 2.16M |
| Change to netincome | - | - | - | 2.28M | 1.31M |
| Capital expenditures | 2.07M | 4.99M | 0.75M | 1.36M | 0.42M |
| Change in working capital | -1.79M | -12.20M | -14.38M | -7.28M | -9.56M |
| Stock based compensation | 6.76M | 5.16M | 2.52M | 2.75M | 3.01M |
| Other non cash items | 0.76M | 0.58M | -0.13M | -8.68M | -1.48M |
| Free cash flow | -5.38M | -12.39M | 1.01M | 8.65M | 1.09M |
Sector: Technology Industry: Semiconductor Equipment & Materials
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AEHR Aehr Test Systems |
6.97 7.15% |
104.39 | - | 108.70 | 53.29 | 12.40 | 52.31 | 29.81 |
| ASML ASML Holding NV ADR |
21.44 1.24% |
1743.94 | 48.54 | 41.49 | 17.21 | 23.21 | 14.06 | 36.48 |
| ASMLF ASML Holding NV |
-11.03 0.63% |
1739.24 | 48.31 | 41.32 | 16.88 | 23.07 | 14.07 | 36.51 |
| AMAT Applied Materials Inc |
10.75 2.27% |
485.00 | 40.44 | 36.23 | 11.09 | 14.41 | 11.04 | 30.52 |
| TOELF Tokyo Electron Ltd. |
31.43 9.12% |
375.81 | 38.96 | 29.50 | 0.06 | 10.52 | 9.30 | 32.18 |
Aehr Test Systems, Inc. provides test solutions for testing, burn-in, and semiconductor devices at wafer level, singulated die, and package level in the United States, Asia, Europe, and the Middle East. The company offers FOX-XP and FOX-NP systems, which are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize a range of devices, including silicon carbide-based (SIC) and gallium nitride (GAN) 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 used in AI. It also provides the FOX-CP system, a single-wafer compact test solution for logic, memory, and photonic devices; and the 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, the company offers the FOX DiePak Carrier, which allows testing, burn-in, and stabilization of singulated bare die and modules; FOX WaferPak Aligner; and FOX DiePak Loader. Further, it provides system installation and repair, applications engineering support, spare parts inventories, customer training, and documentation services. The company sells its products in the United States, Germany, Japan, the Philippines, and Taiwan through distributors and sales representatives. It serves semiconductor manufacturers, semiconductor contract assemblies, electronics manufacturers, and burn-in and test service companies. Aehr Test Systems, Inc. was incorporated in 1977 and is headquartered in Fremont, California.
| Name | Title | Year Born |
|---|---|---|
| Mr. David S. Hendrickson | Chief Technology Officer | 1957 |
| Mr. Rhea J. Posedel | Founder & Chairman | 1942 |
| Mr. Gayn Erickson | Pres, CEO & Director | 1964 |
| Mr. Vernon Rogers | Exec. VP of Sales & Marketing | 1967 |
| Mr. Kenneth B. Spink | VP of Fin. & CFO | 1961 |
| Mr. Adil Engineer | Chief Operating Officer | 1977 |
| Mr. Donald P. Richmond II | VP of Engineering | 1956 |
| Mr. Rhea J. Posedel | Founder & Independent Chairman | 1942 |
| Mr. Gayn Erickson | President, CEO & Director | 1964 |
| Mr. Vernon Rogers | Executive Vice President of Sales & Marketing | 1967 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.