Aehr Test (AEHR)
NASDAQ:AEHR
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AEHR Stock Chart & Stats
$83.86
-$1.97(-11.05%)
At close: 4:00 PM EST
$83.86
-$1.97(-11.05%)
Day’s Range― - ―
52-Week Range$9.45 - $112.00
Previous CloseN/A
Volume811.84K
Average Volume (3M)2.91M
Market Cap
$3.55B
Enterprise Value$2.88B
Total Cash (Recent Filing)$36.91M
Total Debt (Recent Filing)$10.03M
Price to Earnings (P/E)―
Beta2.60
Next Earnings
Jul 21, 2026EPS Estimate
>-0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.38
Shares Outstanding31,453,255
10 Day Avg. Volume2,342,194
30 Day Avg. Volume2,907,848
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)2.30
Price to Sales (P/S)4.79
P/FCF Ratio-22.77
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue63.58
Enterprise Value/Gross Profit206.93
Enterprise Value/Ebitda-212.12
Forecast
1Y Price Target
$62.00Price Target Upside-26.07% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.15
Revenue Forecast (FY)$85.11M
Bulls Say, Bears Say
Bulls Say
Record Bookings And BacklogA record bookings surge and a $50.9M effective backlog provide multi-quarter revenue visibility and a sizable pipeline to convert into shipments. This reduces short-term demand uncertainty and supports operational planning, capacity utilization, and predictable consumables follow-on sales over 2–6 months.
Major Production Customer Wins Across End MarketsHigh‑value production orders and wins with wafer‑level AI, silicon photonics, and hyperscaler customers validate product fit in high-growth, high-reliability segments. These wins signal durable demand, expand installed base, and drive repeat consumables and services revenue as customers scale production over the medium term.
Conservative Balance Sheet And Recent Capital RaiseLow debt gives structural financial flexibility and the completed $60M ATM materially bolsters liquidity. That combination reduces solvency risk, supports capacity investments and ramp activities, and buys time to convert backlog into revenue without immediate forced asset sales or high-interest borrowing.
Bears Say
Sharp Revenue Decline And Negative MarginsA significant contraction in top-line and a swing to deeply negative operating and net margins indicate the business currently lacks sustainable earnings power. Persistent margin weakness undermines free cash generation and raises the bar for management to restore profitable scale as volumes recover.
Weak Cash Generation And Reliance On Equity FinancingNegative operating and free cash flow combined with sizable ATM draws create structural dilution risk and reduce financial optionality. If bookings-to-ship conversion slows, the company may continue to rely on equity raises, which can limit reinvestment returns and constrain long-term capital allocation flexibility.
Lumpy Orders, Technical Delays, And Weaker ConsumablesLarge, irregular orders and technical delays create revenue timing volatility and execution risk; weaker consumables this year reduces recurring revenue mix and pressures gross margins. Together these structural factors make earnings and cash flows more unpredictable across 2–6 months.
Aehr Test Systems News
AEHR FAQ
What was Aehr Test’s price range in the past 12 months?
Aehr Test lowest stock price was $9.45 and its highest was $112.00 in the past 12 months.
What is Aehr Test’s market cap?
Aehr Test’s market cap is $3.55B.
When is Aehr Test’s upcoming earnings report date?
Aehr Test’s upcoming earnings report date is Jul 21, 2026 which is in 47 days.
How were Aehr Test’s earnings last quarter?
Aehr Test released its earnings results on Apr 07, 2026. The company reported -$0.05 earnings per share for the quarter, beating the consensus estimate of -$0.07 by $0.02.
Is Aehr Test overvalued?
According to Wall Street analysts Aehr Test’s price is currently Overvalued.
Does Aehr Test pay dividends?
Aehr Test does not currently pay dividends.
What is Aehr Test’s EPS estimate?
Aehr Test’s EPS estimate is >-0.01.
How many shares outstanding does Aehr Test have?
Aehr Test has 31,453,255 shares outstanding.
What happened to Aehr Test’s price movement after its last earnings report?
Aehr Test reported an EPS of -$0.05 in its last earnings report, beating expectations of -$0.07. Following the earnings report the stock price went up 25.692%.
Which hedge fund is a major shareholder of Aehr Test?
Currently, no hedge funds are holding shares in AEHR
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
Aehr Test Systems Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$62.00 (-26.07% Downside)
$62.00 (-26.07% Downside)
Blogger Sentiment
Bullish
AEHR Sentiment 80%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 160.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $41.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.0%
Last 30 Days ▲ 25.4%
Last 30 Days ▲ 25.4%
News Sentiment
Very Bearish
Bullish news 19%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1069.77%
12-Months-Change
Fundamentals
Return on Equity
-8.87%
Trailing 12-Months
Asset Growth
7.86%
Trailing 12-Months
Company Description
Aehr Test
Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for lower power and higher power logic devices, as well as various common types of memory devices. The FOX-XP and FOX-NP systems are wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The FOX-CP system is a single-wafer compact test and reliability verification solution for logic, memory, and photonic devices. The WaferPak Contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers on Aehr Test FOX systems. The DiePak Carrier is a reusable, temporary package that enables IC manufacturers to perform final test and burn-in of bare die and modules. Aehr Test Systems was incorporated in 1977 and is headquartered in Fremont, California.
AEHR Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a mix of strong commercial momentum and near-term financial softness. Positive takeaways include a dramatic bookings surge (Q3 $37.2M vs $6.2M in Q2), a record effective backlog ($50.9M), multiple large customer wins across wafer-level AI, silicon photonics, package-level hyperscaler production, and expanded manufacturing capacity (>20 Sonoma/month). These items underpin management's guidance for fiscal '26 revenue to be on the high side of prior guidance and a return to non-GAAP profitability in Q4. Offsetting these positives are a sizable YOY revenue decline (-44% to $10.3M), gross margin contraction (-6.2 percentage points), a non-GAAP net loss in the quarter versus prior-year profit, lumpy timing of large orders, and some technical delays in benchmark evaluations. Overall, the forward-looking bookings, backlog and customer engagements are substantial and suggest meaningful future growth potential, while near-term operational and margin pressures create short-term risk.View all AEHR earnings summariesAEHR Stock 12 Month Forecast
Average Price Target
$62.00
▼(-26.07% Downside)
Technical Analysis
Ownership Overview
5.39% Insiders
20.66% Mutual Funds
24.65% Other Institutional Investors
36.61% Public Companies and Individual Investors