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Semicap·AEHR
Aehr Test Systems
NASDAQ · US
Wafer-level burn-in and test systems supplier.
AI relevance
Reliability test exposure for advanced semiconductor devices used in AI and power infrastructure.
Price
$101.36
Change
-4.61 (-4.35%)
Market cap
$3.3B
52w range
$17–$147
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
AEHR market performance
Daily close for Aehr Test Systems
- Latest close
- $101.3
- Range move
- +$83.65 (+473.7%)
- Range high
- $145.6
- Range low
- $17.66
- Latest volume
- 1.4M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
71 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetHold
Analyst expectations
Rating consensus3 ratings
Strong buy
0
Buy
1
Hold
2
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-05-29 | $135.2M | $133.6M - $137.0M | $0.76 | $0.75 - $0.77 | $10.4M | $7.9M | $23.3M | $34.6M | 1 rev / 1 EPS |
| 2028-05-29 | $135.2M | $133.6M - $137.0M | $0.76 | $0.75 - $0.77 | $10.4M | $7.9M | $23.3M | $34.6M | 1 rev / 1 EPS |
| 2029-05-29 | $210.3M | $207.8M - $213.1M | $1.40 | $1.38 - $1.42 | $16.2M | $12.3M | $43.0M | $53.8M | 1 rev / 1 EPS |
| 2030-05-29 | $275.6M | $272.3M - $279.3M | $2.27 | $2.24 - $2.31 | $21.2M | $16.2M | $69.6M | $70.5M | 1 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-08-29 | $27.0M | $25.9M - $28.3M | $0.11 | $0.10 - $0.11 | $2.1M | $1.6M | $3.3M | $6.9M | 2 rev / 2 EPS |
| 2026-11-29 | $36.5M | $34.9M - $38.3M | $0.21 | $0.20 - $0.22 | $2.8M | $2.1M | $6.4M | $9.3M | 2 rev / 1 EPS |
| 2027-02-28 | $34.4M | $32.9M - $36.0M | $0.20 | $0.19 - $0.21 | $2.6M | $2.0M | $6.1M | $8.8M | 1 rev / 1 EPS |
| 2027-05-29 | $38.3M | $36.6M - $40.1M | $0.25 | $0.23 - $0.26 | $2.9M | $2.2M | $7.5M | $9.8M | 1 rev / 1 EPS |
| 2027-08-29 | $27.0M | $25.9M - $28.3M | $0.11 | $0.10 - $0.11 | $2.1M | $1.6M | $3.3M | $6.9M | 1 rev / 1 EPS |
| 2027-11-29 | $43.6M | $41.7M - $45.7M | $0.27 | $0.25 - $0.29 | $3.4M | $2.6M | $8.3M | $11.1M | 1 rev / 1 EPS |
| 2028-02-29 | $49.3M | $47.2M - $51.6M | $0.34 | $0.32 - $0.36 | $3.8M | $2.9M | $10.4M | $12.6M | 1 rev / 1 EPS |
| 2028-05-29 | $55.0M | $52.6M - $57.6M | $0.40 | $0.38 - $0.42 | $4.2M | $3.2M | $12.3M | $14.1M | 1 rev / 1 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $175.00 |
| Last quarter | 3 | $136.67 |
| Last year | 8 | $76.00 |
| All time | 9 | $70.33 |
Sources: TheFly, StreetInsider
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-03-05 | Freedom Broker | Maintain | Hold | Hold |
| 2026-03-02 | William Blair | Upgrade | Market Perform | Outperform |
| 2026-02-13 | Freedom Broker | Maintain | Hold | Hold |
| 2026-01-13 | Freedom Broker | Maintain | Hold | Hold |
| 2026-01-09 | Craig-Hallum | Maintain | Hold | Hold |
| 2025-10-14 | Freedom Broker | Maintain | Hold | Hold |
| 2024-03-26 | Craig-Hallum | Downgrade | Buy | Hold |
| 2024-03-25 | William Blair | Downgrade | Outperform | Market Perform |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 0 | 5 | 0 | 0 | 0 |
| 2026-07-01 | 0 | 4 | 1 | 0 | 0 |
| 2026-06-01 | 0 | 3 | 1 | 0 | 0 |
| 2026-05-01 | 0 | 3 | 2 | 0 | 0 |
| 2026-04-01 | 0 | 3 | 2 | 0 | 0 |
| 2026-03-01 | 0 | 2 | 3 | 0 | 0 |
| 2026-02-01 | 0 | 1 | 3 | 0 | 0 |
| 2026-01-01 | 0 | 1 | 3 | 0 | 0 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $50.0M | $17.7M | 35.3% | $12.6M | -$14.1M | -$11.7M | -$7.1M | $-0.23 |
| FY 2025 | $59.0M | $23.9M | 40.6% | $10.5M | -$4.3M | -$903,000 | -$3.9M | $-0.13 |
| FY 2024 | $66.2M | $32.5M | 49.1% | $8.7M | $10.1M | $13.8M | $33.2M | $1.15 |
| FY 2023 | $65.0M | $32.7M | 50.4% | $7.1M | $13.4M | $15.1M | $14.6M | $0.52 |
| FY 2022 | $50.8M | $23.7M | 46.6% | $5.8M | $7.8M | $9.8M | $9.4M | $0.36 |
| FY 2021 | $16.6M | $6.0M | 36.3% | $3.7M | -$4.2M | -$1.8M | -$2.0M | $-0.09 |
| FY 2020 | $22.3M | $8.4M | 37.6% | $3.4M | -$2.5M | -$2.4M | -$2.8M | $-0.12 |
| FY 2019 | $21.1M | $7.6M | 36.1% | $4.2M | -$4.3M | -$4.5M | -$5.2M | $-0.23 |
| FY 2018 | $29.6M | $12.4M | 41.9% | $4.2M | $915,000 | $1.3M | $528,000 | $0.02 |
| FY 2017 | $18.9M | $6.8M | 35.9% | $4.7M | -$4.9M | -$4.7M | -$5.7M | $-0.35 |
| FY 2016 | $14.5M | $5.1M | 35.5% | $4.3M | -$6.2M | -$6.0M | -$6.8M | $-0.52 |
| FY 2015 | $10.0M | $3.8M | 38.3% | $4.1M | -$6.7M | -$6.3M | -$6.6M | $-0.55 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | -$3.3M | $2.1M | -$5.4M |
| FY 2025 | -$7.4M | $5.0M | -$12.4M |
| FY 2024 | $1.8M | $749,000 | $1.0M |
| FY 2023 | $10.0M | $1.4M | $8.6M |
| FY 2022 | $1.5M | $416,000 | $1.1M |
| FY 2021 | -$2.7M | $227,000 | -$2.9M |
| FY 2020 | -$2.0M | $163,000 | -$2.2M |
| FY 2019 | -$5.6M | $173,000 | -$5.8M |
| FY 2018 | -$1.4M | $572,000 | -$1.9M |
| FY 2017 | -$4.5M | $477,000 | -$5.0M |
| FY 2016 | -$6.3M | $919,000 | -$7.2M |
| FY 2015 | -$2.3M | $118,000 | -$2.4M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $116.4M | $17.5M | $41.4M | $17.8M | $246.7M | $9.9M | -$106.5M | $27.2M | $219.5M |
| FY 2025 | $25.2M | $17.8M | $42.0M | $18.6M | $148.5M | $10.8M | -$14.4M | $25.6M | $122.9M |
| FY 2024 | $49.2M | $10.0M | $37.5M | $9.0M | $127.9M | $6.2M | -$43.0M | $16.3M | $111.6M |
| FY 2023 | $47.9M | $16.6M | $23.9M | $8.9M | $98.1M | $6.3M | -$23.8M | $22.5M | $75.6M |
| FY 2022 | $31.5M | $12.9M | $15.1M | $2.1M | $62.3M | $1.0M | -$30.5M | $11.3M | $51.0M |
| FY 2021 | $4.6M | $5.2M | $8.8M | $2.3M | $21.7M | $4.8M | $241,000 | $10.2M | $11.4M |
| FY 2020 | $5.4M | $3.7M | $8.0M | $2.8M | $20.6M | $3.9M | -$1.5M | $6.5M | $14.1M |
| FY 2019 | $5.4M | $4.9M | $9.1M | $1.0M | $21.3M | $0 | -$5.4M | $5.9M | $15.5M |
| FY 2018 | $16.8M | $2.9M | $9.0M | $1.2M | $31.0M | $6.1M | -$10.7M | $11.7M | $19.3M |
| FY 2017 | $17.8M | $4.0M | $6.6M | $1.4M | $30.9M | $6.1M | -$11.7M | $14.1M | $16.8M |
| FY 2016 | $939,000 | $522,000 | $7.0M | $1.2M | $10.0M | $6.0M | $5.0M | $10.8M | -$703,000 |
| FY 2015 | $5.5M | $1.4M | $7.1M | $478,000 | $14.9M | $3.8M | -$1.7M | $10.3M | $4.6M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 35.3% | -28.3% | -14.3% | 10.3x | 8.0x | -3.2% | -3.7% | 54.5x | -232.2x | -0.2% | 25.3% | 518d |
| FY 2025 | 40.6% | -7.3% | -6.6% | 5.7x | 3.0x | -3.2% | -2.9% | 4.5x | -296.6x | -4.4% | 17.7% | 478d |
| FY 2024 | 49.1% | 15.2% | 50.1% | 9.3x | 5.7x | 29.7% | 8.6% | 4.4x | 20.9x | 0.3% | 13.2% | 403d |
| FY 2023 | 50.4% | 20.6% | 22.4% | 5.5x | 4.0x | 19.3% | 16.2% | 13.8x | 59.3x | 0.9% | 11.0% | 260d |
| FY 2022 | 46.6% | 15.3% | 18.6% | 5.4x | 4.1x | 18.5% | 14.8% | 3.7x | 19.0x | 0.5% | 11.4% | 238d |
| FY 2021 | 36.3% | -25.2% | -12.2% | 2.1x | 1.1x | -17.7% | -23.4% | 3.6x | -32.0x | -5.0% | 22.0% | 320d |
| FY 2020 | 37.6% | -11.4% | -12.6% | 4.6x | 2.5x | -19.9% | -14.1% | 1.6x | -15.0x | -5.9% | 15.2% | 246d |
| FY 2019 | 36.1% | -20.3% | -24.9% | 3.6x | 2.0x | -33.8% | -27.1% | 1.6x | -7.5x | -14.8% | 19.7% | 278d |
| FY 2018 | 41.9% | 3.1% | 1.8% | 2.6x | 1.8x | 2.7% | 3.5% | 1.5x | 36.0x | -3.4% | 14.1% | 190d |
| FY 2017 | 35.9% | -26.1% | -29.9% | 3.7x | 2.9x | -33.6% | -21.4% | 3.3x | -13.4x | -6.7% | 24.6% | 192d |
| FY 2016 | 35.5% | -42.4% | -46.8% | 1.9x | 0.4x | 965.1% | -114.7% | 1.3x | -3.1x | -54.4% | 29.8% | 232d |
| FY 2015 | 38.3% | -66.8% | -66.4% | 2.2x | 1.1x | -145.5% | -80.2% | 2.7x | -4.3x | -8.2% | 40.5% | 428d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | -15.2% | -26.2% | +20.7% | -228.1% | -82.3% | -76.9% | +56.6% | +58.6% | +361.2% | -1.5% | +66.1% | -8.8% |
| FY 2025 | -10.9% | -26.5% | +20.0% | -142.8% | -111.8% | -111.3% | -1330.6% | -566.5% | -48.7% | +12.1% | +16.1% | +74.8% |
| FY 2024 | +1.9% | -0.6% | +22.2% | -24.7% | +127.8% | +121.2% | -88.4% | +45.0% | +2.6% | +56.7% | +30.3% | -1.6% |
| FY 2023 | +27.8% | +38.4% | +22.6% | +71.5% | +54.0% | +44.4% | +692.0% | -227.4% | +52.2% | +58.8% | +57.5% | +526.2% |
| FY 2022 | +206.2% | +292.3% | +59.3% | +286.5% | +566.2% | +516.7% | +137.3% | -83.3% | +587.1% | +70.1% | +187.7% | -79.1% |
| FY 2021 | -25.5% | -27.9% | +7.9% | -64.3% | +27.7% | +28.0% | -33.9% | -39.3% | -15.7% | +10.8% | +5.3% | +22.3% |
| FY 2020 | +5.9% | +10.1% | -18.5% | +40.5% | +46.5% | +48.7% | +62.4% | +5.8% | +0.1% | -11.8% | -3.4% | 0.0% |
| FY 2019 | -28.8% | -38.6% | -0.7% | -567.2% | -1091.5% | -1269.0% | -202.1% | +69.8% | -67.8% | +0.1% | -31.2% | -100.0% |
| FY 2018 | +56.4% | +82.7% | -10.2% | +118.6% | +109.3% | +105.7% | +61.3% | -19.9% | -5.4% | +37.0% | +0.2% | 0.0% |
| FY 2017 | +30.3% | +31.8% | +7.7% | +19.9% | +16.7% | +32.7% | +30.9% | +48.1% | +1796.0% | -6.1% | +207.5% | +2.5% |
| FY 2016 | +44.7% | +34.1% | +6.5% | +8.1% | -2.1% | +5.5% | -- | -- | -- | -- | -- | -- |
| FY 2016 | -- | -- | -- | -- | -- | -- | -203.3% | -678.8% | -83.0% | -1.3% | -32.4% | +57.3% |
| FY 2015 | -49.1% | -62.5% | +19.4% | -1446.9% | -1675.1% | -1475.0% | -151.0% | +65.2% | +205.5% | +15.9% | +21.6% | +387.9% |
SegmentsFY 2024
Revenue Mix
Latest product mixFY 2024 · $66.2M
Contactors$37.6M · 56.7%
Systems$24.2M · 36.5%
Services$4.5M · 6.8%
Latest geography mixFY 2024 · $66.2M
Asia$58.1M · 87.7%
Europe$4.6M · 7.0%
United States$3.5M · 5.3%
Product revenue annual
| Period | Total | Contactors | Systems | Wafer-Level | Services | Wafer-level | Test During Burn-In |
|---|---|---|---|---|---|---|---|
| FY 2024 | $66.2M | $37.6M | $24.2M | -- | $4.5M | -- | -- |
| FY 2021 | $33.2M | $5.8M | $7.3M | $15.0M | $3.5M | -- | $1.6M |
| FY 2020 | $44.6M | $10.8M | $8.1M | $19.8M | $3.4M | -- | $2.5M |
| FY 2019 | $42.1M | $6.2M | $9.6M | -- | $5.3M | $14.6M | $6.4M |
Geography revenue annual
| Period | Total | Asia | United States | US | Europe |
|---|---|---|---|---|---|
| FY 2024 | $66.2M | $58.1M | $3.5M | -- | $4.6M |
| FY 2021 | $16.6M | $11.1M | $5.4M | -- | $140,000 |
| FY 2020 | $22.3M | $7.6M | $13.5M | -- | $1.2M |
| FY 2019 | $21.1M | $5.6M | -- | $13.5M | $1.9M |
Transcripts71 on file
Transcripts
Events
Events
Next earnings
2026-10-05EPS est $0.10
Latest news
- Aehr Test Systems to Participate in the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 25, 2026
Accesswire · 2026-08-21
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24/7 Wall Street · 2026-08-19