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NASDAQ · Semiconductor Equipment & Materials · USD

Aehr Test Systems, Inc. (AEHR) Stock Analysis

Aehr Test Systems, Inc. (AEHR) is a Semiconductor Equipment & Materials stock listed on NASDAQ and quoted in US Dollar.

AEHR

$86.26

+$9.99 (+13.10%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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AEHR Key Statistics

As of Sep 4, 2026
Trading
Open
$78.02
Previous Close
$76.27
Day's Range
77.84–86.67
52-Week Range
18.70–147.40
Volume
4.50M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
3.07
Valuation
Market Cap
$2.81B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
62.36
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.90
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
56.28
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.23
Financials (FY)
Revenue (FY)
$50.00M−15.21%
Net Income (FY)
−$7.13M
Profit marginThe share of revenue left as profit after all costs and taxes.
−14.25%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
32.62M
1-Year Return
+228.11%
Dividend and dates
Earnings Date
October 8, 2026
Avg Volume
2.55M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

AEHR Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+327.24%
2025+21.41%
2024−37.32%
2023+31.99%
2022−16.87%
2021+855.73%
2020+26.50%
2019+41.84%
2018−47.97%
2017+12.45%
2016 (partial year)+22.96%

As of September 4, 2026.

AEHR Revenue and Earnings by Fiscal Year

FY ends May
Fiscal yearRevenueNet incomeNet margin
2025$50.00M−$7.13M−14.3%
2024$58.97M−$3.91M−6.6%
2023$66.22M$33.16M50.1%
2022$64.96M$14.56M22.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$50.00M$17.65M−$14.14M−$7.13M−14.3%
2024$58.97M$23.93M−$4.81M−$3.91M−6.6%
2023$66.22M$32.54M$10.08M$33.16M50.1%
2022$64.96M$32.75M$13.38M$14.56M22.4%

Annual figures as reported, in the company's reporting currency. As of May 31, 2026.

AEHR Valuation vs Semiconductor Equipment & Materials Median

Median of 30 stocks
MetricAEHRSemiconductor Equipment & Materials medianvs median
P/S ratio56.285.0011.3x the median
Profit margin−14.25%8.32%22.6 pts below

Medians across 30 Semiconductor Equipment & Materials stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 7 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Aehr Test Systems, Inc. (AEHR) is capitalised at $2.81B on the latest close. The company sits in the Technology sector, in the Semiconductor Equipment & Materials industry. The company reports 138 employees.

Over the past 52 weeks the price has ranged from $18.70 to $147.40. AEHR last closed at $86.26 on September 4, 2026. That is +$9.99 (+13.10%) against the previous close. The latest close sits 361.28% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $50.00M. That is −15.21% against the prior fiscal year, when revenue was $58.97M. The same year closed with a net loss of $7.13M. Profit margin runs at −14.25%. That is 22.6 percentage points below the Semiconductor Equipment & Materials median of 8.32%. Trailing earnings per share are −0.23.

Across the 4 fiscal years on file, revenue moves from $64.96M in 2022 to $50.00M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. On forward earnings the ratio is 62.36. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.9. Measured against sales, the shares trade at 56.28 times revenue. On price-to-sales that is 11.3 times the Semiconductor Equipment & Materials median of 5. 30 Semiconductor Equipment & Materials companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is +228.11%. Measured over 10 years, that is +42.15% a year compounded. The reported beta is 3.07. Annualized volatility over the trailing 10 years is 95.79%.

Growth & Income

The record shows no dividend for AEHR.

So far in 2026 the price is +327.24%. Across the complete calendar years on file, 2021 returned +855.73% and 2018 returned −47.97%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Aehr Test Systems, Inc. (AEHR) operates in the Semiconductor Equipment & Materials industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Aehr Test Systems, Inc. AEHR $2.81B —
ASML Holding N.V. ASML $658.69B 55.9
Lam Research Corporation LRCX $384.97B 50.8
Applied Materials, Inc. AMAT $360.86B 37.6

The Semiconductor Equipment & Materials industry average P/E ratio is 50.8x. Aehr Test Systems, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Aehr Test Systems, Inc.

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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