Aehr Test Systems (AEHR) Financial Statements
Industry: Instruments For Meas & Testing of Electricity & Elec Signals
In fiscal 2026, Aehr Test Systems reported revenue of $50.0M, down 15.2% from $59.0M the year before. Net income was -$7.1M (a -14.3% net margin), or -$0.23 per diluted share. Gross margin was 35.3% and operating margin was -28.3%. Operating activities generated -$3.3M of cash, leaving -$5.4M of free cash flow. At fiscal year end, Aehr Test Systems held $246.7M in total assets against $27.2M in total liabilities, including $116.4M of cash and equivalents.
Open the full interactive Aehr Test Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Aehr Test Systems Key Stats
| Share Price | $77.51 |
|---|---|
| Market Cap | $2.38B |
| Revenue YoY Growth | -15.2% |
| 52-Week Range | $19.40 – $145.61 |
| Shares Outstanding | 30.7 million (basic, 2026 Q4) |
Aehr Test Systems Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $16.6M | $50.8M | $65.0M | $66.2M | $59.0M | $50.0M |
| Gross Profit | $6.0M | $23.7M | $32.7M | $32.5M | $23.9M | $17.7M |
| Operating Income | -$4.2M | $7.8M | $13.4M | $10.1M | -$5.7M | -$14.1M |
| Pre-Tax Income | -$2.2M | $9.5M | $14.6M | $12.5M | -$4.3M | -$11.7M |
| Income Tax | -$177,000 | -$91,000 | $60,000 | -$20.7M | -$381,000 | -$4.6M |
| Net Income | -$2.0M | $9.4M | $14.6M | $33.2M | -$3.9M | -$7.1M |
| Diluted EPS | -$0.09 | $0.34 | $0.50 | $1.12 | -$0.13 | -$0.23 |
Aehr Test Systems Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $11.0M | $9.9M | $10.3M | $18.8M |
| Net Income | -$2.1M | -$3.2M | -$3.2M | $1.4M |
| Diluted EPS | -$0.07 | -$0.11 | -$0.10 | $0.05 |
Aehr Test Systems Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.6M | $31.5M | $30.1M | $49.2M | $24.5M | $116.4M |
| Current Assets | $19.2M | $60.0M | $89.0M | $97.8M | $88.8M | $184.4M |
| Total Assets | $21.7M | $62.3M | $98.1M | $127.9M | $148.5M | $246.7M |
| Current Liabilities | $9.1M | $11.0M | $16.3M | $10.5M | $15.6M | $17.9M |
| Total Long-Term Debt | $1.7M | — | — | — | — | — |
| Total Liabilities | $10.2M | $11.3M | $22.5M | $16.3M | $25.6M | $27.2M |
| Shareholders' Equity | $11.4M | $51.0M | $75.6M | $111.6M | $122.9M | $219.5M |
Aehr Test Systems Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.7M | $1.5M | $10.0M | $1.8M | -$7.4M | -$3.3M |
| Cash From Investing | -$227,000 | -$416,000 | -$18.7M | $17.3M | -$16.1M | -$3.9M |
| Cash From Financing | $2.0M | $25.8M | $7.3M | $139,000 | $625,000 | $97.2M |
| Free Cash Flow | -$2.9M | $1.1M | $8.6M | $1.0M | -$12.4M | -$5.4M |
Figures from Aehr Test Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Aehr Test Systems financials page for every line item.
Aehr Test Systems Company Profile
| Ticker | AEHR |
|---|---|
| Exchange | Nasdaq |
| Industry | Instruments For Meas & Testing of Electricity & Elec Signals |
| Headquarters | Fremont, California |
| Incorporated in | California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001040470 |
Frequently Asked Questions
What was Aehr Test Systems' revenue in fiscal 2026?
Aehr Test Systems (AEHR) reported revenue of $50.0M for fiscal 2026.
What is Aehr Test Systems' annual revenue history?
Aehr Test Systems' annual revenue by fiscal year: 2021: $16.6M; 2022: $50.8M; 2023: $65.0M; 2024: $66.2M; 2025: $59.0M; 2026: $50.0M.
What was Aehr Test Systems' net income in fiscal 2026?
Aehr Test Systems reported net income of -$7.1M for fiscal 2026.
What was Aehr Test Systems' earnings per share (EPS) in fiscal 2026?
Aehr Test Systems' diluted EPS was -$0.23 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Aehr Test Systems generate in fiscal 2026?
Aehr Test Systems generated -$5.4M of free cash flow in fiscal 2026.
What was Aehr Test Systems' revenue last quarter?
In its most recent reported quarter (2026 Q4), Aehr Test Systems reported revenue of $18.8M.
How many shares of Aehr Test Systems are outstanding?
Aehr Test Systems reported a weighted average of 30.7 million basic shares outstanding in 2026 Q4.
What is Aehr Test Systems' market cap?
Based on its latest closing price, Aehr Test Systems (AEHR) has a market capitalization of about $2.38B.
When does Aehr Test Systems' fiscal year end?
Aehr Test Systems' fiscal year end, as registered with the SEC, is December 31.
Where is Aehr Test Systems headquartered?
Aehr Test Systems lists its business address in Fremont, California in its SEC filings.