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NASDAQ · US · Semiconductor Equipment & Materials

AEHR Aehr Test Systems

Wafer-level burn-in

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$58.29
+5.39% today
1W
−8.0%
1M
−44.2%
3M
−16.7%
YTD
+188.7%
1Y
+133.4%
Off 52w high
−60.0%
Next earnings (est.): 2026-11-02
Market cap$1.81B
P/E (trailing)—Forward 40.2
EV / sales34.2×EV/EBITDA -150.6×
Revenue (TTM)$50.00MGrowth 33.7% y/y
Margins35.3%gross · op -6.4%
Free cash flow-$1.96MCash $116M · debt $9.88M
Analyst target$128.0+119.6% upside · 5 analysts · strong buy
Riskβ 3.48Short 16.8% of float

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

AEHR · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-14EarningsBeat / raise

    Reported EPS 0.11 vs -0.01 expected (+1566.7% surprise).

  2. 7
    2026-04-07EarningsBeat / raise

    Reported EPS -0.05 vs -0.07 expected (+28.6% surprise).

  3. 6
    2026-01-08EarningsMiss / cut

    Reported EPS -0.04 vs -0.04 expected (-9.1% surprise).

  4. 5
    2025-07-08EarningsBeat / raise

    Reported EPS -0.01 vs -0.01 expected (+33.3% surprise).

  5. 4
    2025-04-08EarningsBeat / raise

    Reported EPS 0.07 vs 0.04 expected (+75.0% surprise).

  6. 3
    2025-01-13EarningsMiss / cut

    Reported EPS 0.02 vs 0.03 expected (-33.3% surprise).

  7. 2
    2024-10-10EarningsBeat / raise

    Reported EPS 0.07 vs 0.02 expected (+366.7% surprise).

  8. 1
    2024-07-16EarningsBeat / raise

    Reported EPS 0.84 vs 0.11 expected (+700.0% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-14-0.010.11+1566.7%
2026-04-07-0.07-0.05+28.6%
2026-01-08-0.04-0.04−9.1%
2025-10-06—0.01—
2025-07-08-0.01-0.01+33.3%
2025-04-080.040.07+75.0%
2025-01-130.030.02−33.3%
2024-10-100.020.07+366.7%
2024-07-160.110.84+700.0%
2024-04-09-0.03-0.03—
2024-01-090.190.23+21.1%
2023-10-050.160.18+12.5%
2023-07-130.220.23+7.0%
2023-03-300.140.16+14.3%
2023-01-050.090.16+88.2%
2022-10-060.010.05+400.0%
2022-07-190.230.23—
2022-03-310.140.14—
2022-01-060.040.05+25.0%
2021-09-23-0.03-0.02+33.3%
2021-07-150.020.04+100.0%
2021-04-080.02-0.02−200.0%
2021-01-07-0.05-0.07−40.0%
2020-09-24-0.03-0.09−200.0%

About Aehr Test Systems

Website ↗

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 int…

138 employees · Fremont, United States

Bigger dies, more chiplets and HBM stacks multiply test time. SoC and memory testers become a quiet throughput gate for every accelerator shipped.

Wafer probe→Final test→Burn-in→Ship

What would prove us wrong. Weakens if tester lead times shorten while accelerator unit volumes rise.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
6857.T
Advantest
SoC and memory testers for AI accelerators and HBM ¥31,070−3.93%−6.0%+58.5%
TER
Teradyne
SoC test plus Universal Robots cobots $315.4+2.11%−20.8%+63.1%
FORM
FormFactor
Probe cards incl. HBM wafer probe $103.1+4.66%−20.5%+84.8%
COHU
Cohu
Test handlers and interface $50.14+4.55%−25.2%+115.5%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.