Aehr Test Systems: stock overview

AEHRNASDAQTechnology · Instruments For Meas & Testing of Electricity & Elec Signals

Price

$56.98

November 13, 2026Market cap $1.9B

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  • The full history: 17 fiscal years, from FY2010
  • The estimated fair value, with its range and its certainty
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  • More questions to the chat on its filings
  • Excel with every year
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In short

Aehr Test Systems had revenue of $50M in the fiscal year to May 29, 2026 and a net loss of $7.1M. Revenue grew by 24.7% a year on average over the last 5 years. It holds more cash than debt, by $105M. It pays no dividend.

From its SEC filings (latest fiscal year to May 29, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.9B
32.62M shares
P/E
–
median of 3 years: 24.7
Revenue, fiscal year
$50M
+24.7% a year over 5 years
Net margin
-14.2%
above 29% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

-13.1% a year over 2 years

  • FY2026May 29, 202610-K
    Revenue$50M
  • FY2025May 30, 202510-K
    Revenue$59M
  • FY2024May 31, 202410-K
    Revenue$66M

Fiscal years in figures

AEHR's revenue, profit, cash flow and dividend with each year-end price, from FY2010 to FY2023, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $334M
$1.9B
Enterprise value 
$1.8B
P/E 
–
EV / EBIT 
–
EV / Revenue 
35.1
P/B 3-year median: 3.0
8.4
FCF yield 3-year median: -0.2%
–
Earnings yield 3-year median: -0.2%
–

Profitability

Gross margin 
35.3%
Operating margin 
-28.3%
Net margin 3-year median: -6.6%
-14.2%
ROIC 
-5.1%
ROIC, 5-year average 
4.9%
ROE, fiscal year 
-3.3%

Growth

Revenue, yearly change 
-15.2%
EPS, yearly change 
–
FCF, yearly change 
–
Revenue, average a year 
+24.7%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$105M
Total debt 
$9.8M
Of which operating leases 
$9.8M
Net cash 
$105M
Net debt / EBITDA 
–
Interest cover 
–
Current ratio 
7.15

Balance sheet of September 25, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+9.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 38).

Gross margin

35.3%

Above 16% of the 161 companies in its industry, and 48% of all.

Operating margin

-28.3%

Above 22% of the 186 companies in its industry, and 12% of all.

Net margin

-14.2%

Above 29% of the 189 companies in its industry, and 16% of all.

ROE

-5.5%

Above 39% of the 174 companies in its industry, and 23% of all.

ROA

-4.8%

Above 39% of the 190 companies in its industry, and 21% of all.

Revenue growth

-15.2%

Above 5% of the 186 companies in its industry, and 7% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
AEHR TEST SYSTEMS
CIK
1040470
Exchange
NASDAQ
Industry (SIC)
3825 · Instruments For Meas & Testing of Electricity & Elec Signals
Fiscal year ends
December 31
Latest annual report
May 29, 2026
Reporting currency
USD
Shares
32.62M

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The full analysis

What do Aehr Test Systems's filings show?

These are Aehr Test Systems's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about AEHR

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What is AEHR's market cap?

Aehr Test Systems's market cap is $1.9B, at a price of $56.98 on November 13, 2026 and 32.62M shares.

How much revenue does AEHR have?

Aehr Test Systems had revenue of $50M in the fiscal year to May 29, 2026. Over the last 5 years it changed by +24.7% a year on average.

Does AEHR pay a dividend?

No. Aehr Test Systems paid no regular dividend over the last 12 months.

Where do the figures come from?

From Aehr Test Systems's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.