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Aehr Test Systems (DE:AYB)
FRANKFURT:AYB

Aehr Test Systems (AYB) Price & Analysis

8 Followers

AYB Stock Chart & Stats

€59.50
-€4.78(-7.44%)
At close: 4:00 PM EDT
€59.50
-€4.78(-7.44%)

Bulls Say, Bears Say

Bulls Say
Record Bookings And Backlog Support Substantial Forward Revenue VisibilityRecord bookings and a backlog near twice FY26 revenue provide meaningful demand visibility and support the planned growth ramp. This reduces reliance on immediate order generation, although execution remains necessary to convert backlog into revenue.
Strong Liquidity Provides Funding For ExpansionThe substantially larger cash position gives Aehr financial flexibility to fund manufacturing capacity, inventory and research without a heavy debt burden. This strengthens its ability to support customer ramps and absorb execution volatility.
AI And Silicon Photonics Diversification Expands Growth OpportunitiesGreater exposure to AI processors and silicon photonics broadens Aehr beyond its historical silicon carbide concentration. These applications require reliability testing and could support a larger, more diversified installed base and recurring consumables demand.
Bears Say
Persistent Negative Cash Flow Raises Execution RiskOngoing operating and free cash outflows indicate that reported commercial momentum has not yet translated into dependable internal cash generation. Sustained investment and working-capital needs could consume liquidity if the anticipated growth ramp is delayed.
Revenue Volatility And Margin Deterioration Weaken Earnings QualityThe recent revenue decline and margin compression show that Aehr's earnings remain sensitive to customer timing and mix. Even with stronger Q4 results, restoring durable profitability depends on converting growth into consistent volume and operating leverage.
Lumpy, Cyclical Demand And Uncertain Markets Limit PredictabilityDependence on a small number of customer programs and cyclical end markets can create uneven system shipments, utilization and revenue. This makes capacity planning and margin forecasting harder, while limiting the contribution from uncertain memory opportunities.

Aehr Test Systems News

AYB FAQ

What was Aehr Test Systems’s price range in the past 12 months?
Aehr Test Systems lowest stock price was €16.47 and its highest was €120.30 in the past 12 months.
    What is Aehr Test Systems’s market cap?
    Aehr Test Systems’s market cap is €2.67B.
      When is Aehr Test Systems’s upcoming earnings report date?
      Aehr Test Systems’s upcoming earnings report date is Oct 01, 2026 which is in 35 days.
        How were Aehr Test Systems’s earnings last quarter?
        Aehr Test Systems released its earnings results on Jul 14, 2026. The company reported €0.094 earnings per share for the quarter, beating the consensus estimate of -€0.007 by €0.101.
          Is Aehr Test Systems overvalued?
          According to Wall Street analysts Aehr Test Systems’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Aehr Test Systems pay dividends?
            Aehr Test Systems does not currently pay dividends.
            What is Aehr Test Systems’s EPS estimate?
            Aehr Test Systems’s EPS estimate is 0.09.
              How many shares outstanding does Aehr Test Systems have?
              Aehr Test Systems has 32,620,450 shares outstanding.
                What happened to Aehr Test Systems’s price movement after its last earnings report?
                Aehr Test Systems reported an EPS of €0.094 in its last earnings report, beating expectations of -€0.007. Following the earnings report the stock price went up 22.567%.
                  Which hedge fund is a major shareholder of Aehr Test Systems?
                  Currently, no hedge funds are holding shares in DE:AYB
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Aehr Test Systems

                    Aehr Test Systems, founded in 1977 and based in Fremont, California, specializes in the global provision of advanced burn-in and test systems for integrated circuits, encompassing logic, optical, and memory devices. Its extensive product lineup includes the ABTS and FOX-P families of test and burn-in solutions, complemented by specialized components such as the FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is specifically designed for both production and qualification assessments of packaged parts, covering a range of lower and higher power logic devices, as well as various memory types. For more complex integrated circuits like memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices, the FOX-XP and FOX-NP systems facilitate burn-in and functional testing at both the wafer and individual die/module levels. Aehr's FOX-CP system offers a compact, single-wafer solution for verifying the reliability of logic, memory, and photonic devices. A distinguishing offering, the WaferPak Contactor, features an exclusive full-wafer probe card, accommodating wafers up to 300mm, which enables semiconductor manufacturers to conduct comprehensive wafer-level testing and burn-in on Aehr's FOX platforms. Furthermore, the DiePak Carrier provides a reusable, temporary packaging medium, empowering IC manufacturers to complete final testing and burn-in processes for bare die and modules.

                    Aehr Test Systems (AYB) Earnings & Revenues

                    AYB Earnings Call

                    Q4 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call highlighted multiple strong operational and commercial positives: record bookings and backlog, robust Q4 revenue and margin expansion, large hyperscaler and AI customer momentum, successful technical benchmarks (including with a major AI processor supplier), technological milestones (300mm GaN), a much stronger cash position, and expanded manufacturing capacity. These positives underpin an aggressive FY27 revenue and profitability outlook. Headwinds include FY26 full-year revenue and margin declines, ongoing litigation costs, supplier/parts cost and lead-time pressures, higher operating expenses, and continued uncertainty around some end markets (silicon carbide recovery and memory opportunities). Overall, the constructive commercial wins, backlog, cash runway, and explicit guidance for substantial growth materially outweigh the lowlights, supporting a positive outlook for fiscal 2027, while acknowledging execution and supply-chain/legal risks that could affect delivery.View all DE:AYB earnings summaries

                    AYB Stock 12 Month Forecast

                    Average Price Target

                    €111.52
                    ▲(87.42% Upside)
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