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Company price
104.39 USD 6.97 ( 7.15%)
Last update at 2026-09-25T20:21:00Z
VOLUME
2839702
Market Cap
2664.37M

Momentum Score

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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.

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Day Price Range
95.29
Low
105.58
High
52 Week Price Range
18.70
Low
147.40
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
97.42
Dividend Yield
-
Revenue TTM
50.00M
Revenue Per Share
1.63
Gross Profit TTM
17.65M
Debt / Equity
0.05
ROE
-4.16%
Net Debt
-106.48M
ROCE
-6.18%
Diluted EPS TTM
-0.23

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Aehr Test Systems

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.

400 Kato Terrace, Fremont, CA, United States, 94539

510 623 9400

138

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.

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