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AEHR

Aehr Test Systems

NasdaqResearch view

Aehr Test Systems operates in the Instruments For Meas & Testing Of Electricity & Elec Signals industry.

$104.40−2.62%

Oct 5 close · 1D EOD · Databento

TechnologyInstruments For Meas & Testing Of Electricity & Elec SignalsMid-capSEC EDGAR FY 2026-05-29

What happened

Daily closes · dots are Wire stories

What’s next

Expected around mid October, going by its own filing history. The company has not announced a date yet. Its matching report came Oct 6, 2025 and Oct 10, 2024, after the close.

Last report

Jul 14, 2026+21.91%

after the close

Last 4, next close

median 19.64% either way

up 3 of 4

Every report since 2023 →Earnings calendar →

DateEventSourceNext close

Jul 14Earnings release, after the close · 8-KSEC EDGARSEC EDGAR ↗+21.91%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

23 big days in a year, and what we hold on each

A big day is a close more than 13.80% from the one before, three times AEHR’s median day (4.60%). On 0 of the 23, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±13.80%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayAEHRWhat we hold that dayGroup (median of 4) · each

1 Oct 7, 2025−17.38%
Resultsgroup −3.2%, did not move with it
1Oct 7, 2025−17.38%
ResultsFirst close after the Oct 6 results filing
−3.2% did not move with itCOHU −7.2 · TER −5.2 · VLTO −1.2 · ITRI +0.5
2 Oct 20, 2025+16.32%
Before our storiesgroup +1.6%, did not move with it
2Oct 20, 2025+16.32%
Before our stories
+1.6% did not move with itCOHU +4.9 · ITRI +2.1 · VLTO +1.2 · TER +0.8
3 Jan 9, 2026+15.95%
Resultsgroup +0.9%, did not move with it
3Jan 9, 2026+15.95%
ResultsFirst close after the Jan 8 results filing
+0.9% did not move with itCOHU +3.1 · VLTO +1.0 · ITRI +0.9 · TER +0.4
4 Feb 6, 2026+14.74%
Before our storiesgroup +5.6%, did not move with it
4Feb 6, 2026+14.74%
Before our stories
+5.6% did not move with itTER +10.7 · COHU +6.6 · ITRI +4.5 · VLTO −0.2
5 Feb 11, 2026+26.16%
Before our storiesgroup +3.7%, did not move with it
5Feb 11, 2026+26.16%
Before our stories
+3.7% did not move with itTER +5.4 · COHU +5.0 · VLTO +2.4 · ITRI −5.5
6 Feb 12, 2026−17.61%
Before our storiesgroup −3.6%, did not move with it
6Feb 12, 2026−17.61%
Before our stories
−3.6% did not move with itITRI −4.1 · COHU −4.0 · TER −3.2 · VLTO −3.2
7 Feb 24, 2026+14.31%
Before our storiesgroup +1.9%, did not move with it
7Feb 24, 2026+14.31%
Before our stories
+1.9% did not move with itTER +3.3 · ITRI +2.8 · VLTO +1.1 · COHU +0.6
8 Mar 2, 2026+17.63%
Before our storiesgroup +1.6%, did not move with it
8Mar 2, 2026+17.63%
Before our stories
+1.6% did not move with itCOHU +3.1 · TER +1.8 · ITRI +1.3 · VLTO −0.2
9 Mar 9, 2026+14.80%
Before our storiesgroup +3.3%, did not move with it
9Mar 9, 2026+14.80%
Before our stories
+3.3% did not move with itTER +8.6 · ITRI +5.4 · COHU +1.2 · VLTO −0.3
10 Mar 31, 2026+23.13%
Before our storiesgroup +7.0%, did not move with it
10Mar 31, 2026+23.13%
Before our stories
+7.0% did not move with itTER +7.3 · COHU +7.1 · ITRI +6.9 · VLTO +2.8
11 Apr 6, 2026+17.69%
Before our storiesgroup +1.5%, did not move with it
11Apr 6, 2026+17.69%
Before our stories
+1.5% did not move with itITRI +2.7 · TER +1.9 · COHU +1.1 · VLTO +0.8
12 Apr 8, 2026+25.69%
Resultsgroup +3.8%, did not move with it
12Apr 8, 2026+25.69%
ResultsFirst close after the Apr 7 results filing
+3.8% did not move with itTER +11.8 · COHU +4.2 · ITRI +3.4 · VLTO +1.9
13 May 18, 2026−16.01%
Before our storiesgroup −1.5%, did not move with it
13May 18, 2026−16.01%
Before our stories
−1.5% did not move with itCOHU −6.2 · TER −5.0 · ITRI +2.0 · VLTO +2.2
14 May 26, 2026+15.68%
Before our storiesgroup +4.5%, did not move with it
14May 26, 2026+15.68%
Before our stories
+4.5% did not move with itTER +8.6 · COHU +7.3 · ITRI +1.7 · VLTO −0.9
15 Jun 2, 2026+20.70%
Before our storiesgroup +2.3%, did not move with it
15Jun 2, 2026+20.70%
Before our stories
+2.3% did not move with itTER +6.3 · COHU +5.7 · ITRI −1.0 · VLTO −1.4
16 Jun 5, 2026−15.55%
Before our storiesgroup −6.0%, did not move with it
16Jun 5, 2026−15.55%
Before our stories
−6.0% did not move with itTER −12.0 · COHU −10.9 · ITRI −1.2 · VLTO +1.6
17 Jul 2, 2026−17.13%
Nothing on AEHRgroup −6.5%, did not move with it
17Jul 2, 2026−17.13%
Nothing on AEHRNo AEHR story, brief or results filing in our record that day
−6.5% did not move with itCOHU −14.2 · TER −13.6 · ITRI +0.7 · VLTO +2.5
18 Jul 15, 2026+21.91%
Resultsgroup −1.2%, did not move with it
18Jul 15, 2026+21.91%
ResultsFirst close after the Jul 14 results filing
−1.2% did not move with itITRI +0.6 · VLTO −1.0 · COHU −1.4 · TER −3.1
19 Jul 21, 2026+27.86%
Nothing on AEHRgroup +4.4%, did not move with it
19Jul 21, 2026+27.86%
Nothing on AEHRNo AEHR story, brief or results filing in our record that day
+4.4% did not move with itTER +12.1 · COHU +9.1 · ITRI −0.3 · VLTO −3.2
20 Jul 30, 2026+17.54%
Nothing on AEHRgroup +5.5%, did not move with it
20Jul 30, 2026+17.54%
Nothing on AEHRNo AEHR story, brief or results filing in our record that day
+5.5% did not move with itCOHU +18.1 · TER +14.4 · ITRI −3.4 · VLTO −4.2
21 Aug 3, 2026+14.67%
Nothing on AEHRgroup +1.0%, did not move with it
21Aug 3, 2026+14.67%
Nothing on AEHRNo AEHR story, brief or results filing in our record that day
+1.0% did not move with itCOHU +1.8 · ITRI +1.3 · VLTO +0.7 · TER −0.5
22 Aug 4, 2026+19.82%
Nothing on AEHRgroup +6.7%, did not move with it
22Aug 4, 2026+19.82%
Nothing on AEHRNo AEHR story, brief or results filing in our record that day
+6.7% did not move with itTER +10.3 · COHU +8.2 · ITRI +5.3 · VLTO +1.7
23 Aug 18, 2026−15.36%
Nothing on AEHRgroup −4.9%, did not move with it
23Aug 18, 2026−15.36%
Nothing on AEHRNo AEHR story, brief or results filing in our record that day
−4.9% did not move with itTER −8.8 · COHU −5.4 · ITRI −4.4 · VLTO −0.7

A story on the same day is not a cause, and a group move is not proof either. Group: the median of TER, VLTO, ITRI and COHU that day, the largest companies in AEHR’s SEC industry; “moved with AEHR” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). AEHR reports after the close, so day 1 is the next close. Each time, day 6 ended on the same side as day 1.

Reported Oct 6, 2025

day 1−17.38%day 6−13.78%

Reported Jan 8, 2026

day 1+15.95%day 6+26.92%

Reported Apr 7, 2026

day 1+25.69%day 6+45.71%

Reported Jul 14, 2026

day 1+21.91%day 6+29.90%

Next report: expected early-to-mid OctoberEstimated from the dates of its last four results filings. Not announced. Since the Jul 14 report: +48.88%. Four reports is a small sample.

Every report since 2023 →

Each line is AEHR’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2026, filed

SEC EDGAR

Market cap$3.5B

Revenue$50.0M−15.20%

Net income$-7.1M

EPS, diluted$-0.23−76.90%

Gross margin35.3%

Operating margin-28.3%

Return on equity-3.2%

All filed figures

Snapshot

SEC EDGAR · FY 2026-05-29

SectorTechnology

Market Cap$3.5B

Enterprise Value$3.4B

Income$-7.1M

Sales$50.0M

Book/sh$6.73

Cash/sh$3.57

Dividend TTM—

Payout—

Employees—

IPO—

Quick Ratio8.01

Current Ratio10.33

Debt/Eq—

EPS (ttm)$-0.23

EPS this Y-76.9%

EPS past 3/5Y—

Sales past 3/5Y-8.4%

EPS Y/Y TTM-76.9%

Sales Y/Y TTM-15.2%

Shs Outstand32.62M

ROA-2.9%

ROE-3.2%

ROIC-11.0%

Gross Margin35.3%

Oper. Margin-28.3%

Profit Margin-14.3%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$50.8M

FY22

$65.0M

FY23

$66.2M

FY24

$59.0M

FY25

$50.0M

FY26

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$50.8M	$65.0M	$66.2M	$59.0M	$50.0M
Gross Profit	$23.7M	$32.7M	$32.5M	$23.9M	$17.7M
Operating Income	$7.8M	$13.4M	$10.1M	$-5.7M	$-14.1M
Net Income	$9.4M	$14.6M	$33.2M	$-3.9M	$-7.1M
Diluted EPS	$0.34	$0.50	$1.12	$-0.13	$-0.23
Operating Cash Flow	$1.5M	$10.0M	$1.8M	$-7.4M	$-3.3M
Free Cash Flow	$1.1M	$8.6M	$1.0M	$-12.4M	$-5.4M

Same industry

AEHR against four same-industry peers, a year at 100

AEHR is up 3.5 times in a year. Cohu is up 3.6 times. Of these four, Teradyne (×3.1), Veralto (−11.6%) and Itron (−31.0%) did less. Weekly closes, Oct 3, 2025 = 100, on a log scale so a 3.6-fold rise and a 31.0% fall both read honestly.

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AEHR ×3.5. Cohu ×3.6, Teradyne ×3.1, Veralto −11.6%, Itron −31.0%. Weekly closes, Oct 3, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in AEHR’s SEC industry (Instruments For Meas & Testing Of Electricity & Elec Signals) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

TER$70.2B VLTO$23.1B ITRI$3.8B COHU$3.5B ALNT$2.0B FEIM$849M TRNS$846M INTT$155M

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Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.