Aehr Test Systems (AEHR) Financials: Revenue & Earnings
AEHR$64.01+0.06 +0.09%
$2.09B
Market Cap
-240.48
P/E
84.45
Forward P/E
45
Score
Aehr Test Systems (AEHR) Financials: Revenue & Earnings
AEHR price $64.01 +0.06 +0.09%
- Ticker
- AEHR
- Price
- $64.01
- Change
- +0.06 +0.09%
- Market cap ?
- $2.09B
- P/E ?
- -240.48
- Forward P/E ?
- 84.45
- Dividend yield ?
- 0.00%
- Beta ?
- 3.07
- Sector
- Technology
- Industry
- Semiconductors
- Stocklytics score
- 45
- Value
- 51
- Quality
- 33
- Growth
- 51
Stocklytics score rationale: value 51, quality 33, growth 51.
Financials
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 18898000 | 29555000 | 21056000 | 22291000 | 16600000 | 50829000 | 64961000 | 66218000 | 58968000 | 50001000 |
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…
Fair value
AEHR fair value $22.66. Price $64.01. Price is 182% above fair value.
Above fair value, around its usual premium.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 8.78M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 12.00% (beta 2.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 32.66M. Net debt -106.48M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-01-08 | — | 0.11 | — | 27.04M |
| 2026-11-02 | — | 0.11 | — | 27.53M |
| 2026-07-14 | 0.11 | -0.01 | 18.80M | 18.69M |
| 2026-04-07 | -0.05 | -0.07 | 10.30M | 10.85M |
| 2026-01-08 | -0.04 | -0.08 | 9.90M | 11.58M |
| 2025-10-06 | 0.01 | 0.01 | 10.97M | 11.12M |
| 2025-07-08 | -0.01 | -0.01 | 14.09M | 14.82M |
| 2025-04-08 | 0.07 | 0.01 | 18.31M | 14.83M |
| 2025-01-13 | 0.02 | 0.03 | 13.45M | 19.68M |
| 2024-10-10 | 0.07 | 0.02 | 13.12M | 12.17M |
| 2024-07-16 | 0.84 | 0.11 | 16.60M | 16.05M |
| 2024-04-09 | -0.03 | -0.03 | 7.56M | 7.61M |
| 2024-01-09 | 0.23 | 0.19 | 21.43M | 20.89M |
| 2023-10-05 | 0.18 | 0.16 | 20.62M | 19.23M |
| 2023-07-13 | 0.23 | 0.22 | 22.27M | 22.01M |
| 2023-03-30 | 0.16 | 0.14 | 17.21M | 22.01M |
| 2023-01-05 | 0.16 | 0.09 | 14.81M | 12.78M |
| 2022-10-06 | 0.05 | 0.01 | 10.67M | 8.52M |
| 2022-07-19 | 0.23 | 0.23 | 20.29M | 20.02M |
| 2022-03-31 | 0.14 | 0.14 | 15.28M | 15.14M |
| 2022-01-06 | 0.05 | 0.04 | 9.61M | 15.14M |
| 2021-09-23 | -0.02 | -0.01 | 5.65M | — |
| 2021-07-15 | 0.04 | 0.02 | 7.64M | 7.03M |
| 2021-04-08 | -0.02 | -0.01 | 5.27M | 6.56M |
| 2021-01-07 | -0.07 | -0.05 | 1.68M | 1.67M |
| 2020-09-24 | -0.09 | -0.03 | 2.01M | 670.67K |
| 2020-07-16 | -0.03 | -0.03 | 3.77M | 3.77M |
| 2020-04-02 | 0.02 | 0.04 | 6.11M | 12.22M |
| 2020-01-09 | 0.02 | 0.01 | 6.87M | 3.44M |
| 2019-10-03 | -0.01 | -0.01 | 5.53M | 11.07M |
| 2019-07-18 | 0.01 | — | 7.24M | — |
| 2019-04-04 | -0.07 | -0.08 | 3.16M | 3.61M |
| 2019-01-10 | -0.02 | -0.02 | 5.91M | 5.91M |
| 2018-09-27 | -0.06 | -0.02 | 4.74M | 1.58M |
| 2018-07-19 | 0.02 | 0.01 | 7.27M | 3.63M |
| 2018-04-03 | 0.02 | — | 7.39M | — |
| 2018-01-04 | 0.02 | — | 7.92M | — |
| 2017-09-28 | 0.01 | 0.00 | 6.97M | 6.97M |
| 2017-07-19 | -0.03 | -0.02 | 6.68M | 8.91M |
| 2017-03-30 | -0.14 | -0.08 | 2.68M | 2.49M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-27 | SPORCK ALISTAIR N | Sell | 188 | $63.95 | 12.02K |
| 2026-10-27 | ROGERS VERNON | Sell | 197 | $63.95 | 12.60K |
| 2026-10-27 | RICHMOND DONALD P. II | Sell | 145 | $63.95 | 9.27K |
| 2026-10-27 | Erickson Gayn | Sell | 851 | $63.95 | 54.42K |
| 2026-10-27 | ENGINEER ADIL | Sell | 202 | $63.95 | 12.92K |
| 2026-10-20 | POSEDEL RHEA J | Buy | 18.00K | $1.77 | 31.86K |
| 2026-10-20 | POSEDEL RHEA J | Sell | 18.00K | $1.77 | 31.86K |
| 2026-10-12 | Siu Chris | Sell | 987 | $84.64 | 83.54K |
| 2026-10-12 | SPORCK ALISTAIR N | Sell | 295 | $84.64 | 24.97K |
| 2026-10-12 | ROGERS VERNON | Sell | 426 | $84.64 | 36.06K |
| 2026-10-12 | RICHMOND DONALD P. II | Sell | 388 | $84.64 | 32.84K |
| 2026-10-12 | ENGINEER ADIL | Sell | 547 | $84.64 | 46.30K |
| 2026-10-12 | Erickson Gayn | Sell | 2.67K | $84.64 | 226.41K |
| 2026-10-02 | Erickson Gayn | Sell | 3.24K | $107.21 | 347.25K |
| 2026-10-02 | ENGINEER ADIL | Sell | 620 | $107.21 | 66.47K |
| 2026-10-02 | RICHMOND DONALD P. II | Sell | 439 | $107.21 | 47.07K |
| 2026-10-02 | ROGERS VERNON | Sell | 476 | $107.21 | 51.03K |
| 2026-10-02 | SALAMONE ALBERTO | Sell | 556 | $107.21 | 59.61K |
| 2026-10-02 | Siu Chris | Sell | 1.16K | $107.21 | 124.79K |
| 2026-10-02 | SPORCK ALISTAIR N | Sell | 345 | $107.21 | 36.99K |
| 2026-10-01 | Erickson Gayn | Sell | 499 | $101.60 | 50.70K |
| 2026-10-01 | Erickson Gayn | Buy | 1.05K | $6.67 | 7.03K |
| 2026-10-01 | SPORCK ALISTAIR N | Sell | 54 | $101.60 | 5.49K |
| 2026-10-01 | SPORCK ALISTAIR N | Buy | 1.22K | $6.67 | 8.15K |
| 2026-10-01 | WIMMERS DIDIER | Buy | 1.31K | $6.67 | 8.75K |
| 2026-10-01 | WIMMERS DIDIER | Sell | 54 | $101.60 | 5.49K |
| 2026-10-01 | SALAMONE ALBERTO | Buy | 1.51K | $6.67 | 10.09K |
| 2026-10-01 | SALAMONE ALBERTO | Sell | 45 | $101.60 | 4.57K |
| 2026-10-01 | ROGERS VERNON | Buy | 1.63K | $6.67 | 10.85K |
| 2026-10-01 | ROGERS VERNON | Sell | 77 | $101.60 | 7.82K |
| 2026-10-01 | RICHMOND DONALD P. II | Buy | 1.06K | $6.67 | 7.10K |
| 2026-10-01 | RICHMOND DONALD P. II | Sell | 76 | $101.60 | 7.72K |
| 2026-10-01 | ENGINEER ADIL | Buy | 730 | $6.67 | 4.87K |
| 2026-10-01 | ENGINEER ADIL | Sell | 98 | $101.60 | 9.96K |
| 2026-10-01 | Siu Chris | Sell | 194 | $101.60 | 19.71K |
| 2026-10-01 | Siu Chris | Buy | 1.09K | $6.67 | 7.27K |
| 2026-09-03 | WIMMERS DIDIER | Sell | 317 | $76.27 | 24.18K |
| 2026-09-01 | Siu Chris | Sell | 496 | $76.59 | 37.99K |
| 2026-08-17 | ROGERS VERNON | Sell | 3.99K | $143.77 | 574.22K |
| 2026-08-14 | ROGERS VERNON | Sell | 1.00K | $134.00 | 134.00K |
| 2026-08-14 | ROGERS VERNON | Sell | 1.00K | $139.00 | 139.00K |
| 2026-08-14 | ENGINEER ADIL | Sell | 500 | — | — |
| 2026-08-14 | SLAYEN HOWARD T | Sell | 5.70K | $133.03 | 758.26K |
| 2026-08-14 | POSEDEL RHEA J | Sell | 5.97K | $140.00 | 836.22K |
| 2026-08-13 | SALAMONE ALBERTO | Sell | 4.20K | $128.00 | 537.60K |
| 2026-08-13 | SALAMONE ALBERTO | Sell | 5.47K | $127.50 | 697.69K |
| 2026-08-12 | Erickson Gayn | Sell | 1.55K | $132.27 | 204.75K |
| 2026-08-12 | Erickson Gayn | Sell | 38.45K | $130.79 | 5.03M |
| 2026-08-12 | POSEDEL RHEA J | Sell | 8.41K | $130.00 | 1.09M |
| 2026-08-12 | SCOTT GEOFFREY GATES | Sell | 6.73K | — | — |
| 2026-08-12 | SCOTT GEOFFREY GATES | Sell | 20.00K | $131.51 | 2.63M |
| 2026-08-12 | ENGINEER ADIL | Buy | 15.00K | $9.45 | 141.75K |
| 2026-08-12 | ENGINEER ADIL | Sell | 7.50K | $130.95 | 982.16K |
| 2026-08-12 | ENGINEER ADIL | Sell | 7.50K | $131.09 | 983.21K |
| 2026-08-12 | ENGINEER ADIL | Sell | 7.50K | $9.45 | 70.88K |
| 2026-08-12 | ENGINEER ADIL | Sell | 7.50K | $9.45 | 70.88K |
| 2026-08-12 | OLIPHANT LAURA | Sell | 1.72K | $133.00 | 228.36K |
| 2026-08-10 | SPORCK ALISTAIR N | Sell | 1.00K | $108.49 | 108.49K |
| 2026-08-04 | SPORCK ALISTAIR N | Sell | 699 | $100.69 | 70.39K |
| 2026-08-04 | SPORCK ALISTAIR N | Sell | 1.30K | $101.10 | 131.53K |
| 2026-08-04 | SLAYEN HOWARD T | Sell | 20.00K | $108.30 | 2.17M |
| 2026-08-04 | OLIPHANT LAURA | Sell | 500 | — | — |
| 2026-08-03 | SALAMONE ALBERTO | Sell | 204 | $79.98 | 16.32K |
| 2026-07-30 | SLAYEN HOWARD T | Sell | 5.00K | — | — |
| 2026-07-27 | Erickson Gayn | Sell | 1.06K | $77.48 | 81.90K |
| 2026-07-27 | ROGERS VERNON | Sell | 198 | $77.48 | 15.34K |
| 2026-07-27 | SPORCK ALISTAIR N | Sell | 133 | $77.48 | 10.30K |
| 2026-07-27 | RICHMOND DONALD P. II | Sell | 102 | $77.48 | 7.90K |
| 2026-07-27 | ENGINEER ADIL | Sell | 142 | $77.48 | 11.00K |
| 2026-07-21 | SCOTT GEOFFREY GATES | Sell | 2.87K | — | — |
| 2026-07-20 | SPORCK ALISTAIR N | Sell | 334 | $81.05 | 27.07K |
| 2026-07-16 | SCOTT GEOFFREY GATES | Sell | 10.00K | — | — |
| 2026-07-16 | SCOTT GEOFFREY GATES | Sell | 20.00K | $82.13 | 1.64M |
| 2026-07-14 | Erickson Gayn | Sell | 3.45K | $72.01 | 248.22K |
| 2026-07-14 | RICHMOND DONALD P. II | Sell | 328 | $72.01 | 23.62K |
| 2026-07-14 | ROGERS VERNON | Buy | 3.54K | $1.64 | 5.78K |
| 2026-07-14 | ROGERS VERNON | Sell | 573 | $72.01 | 41.26K |
| 2026-07-14 | ROGERS VERNON | Sell | 3.54K | $1.64 | 5.78K |
| 2026-07-13 | ROGERS VERNON | Buy | 15.26K | $1.64 | 24.95K |
| 2026-07-13 | ROGERS VERNON | Sell | 588 | $72.60 | 42.69K |
| 2026-07-13 | ROGERS VERNON | Buy | 21.20K | $1.64 | 34.66K |
| 2026-07-13 | ROGERS VERNON | Sell | 21.20K | $1.64 | 34.66K |
| 2026-07-13 | ROGERS VERNON | Sell | 15.26K | $1.64 | 24.95K |
| 2026-07-13 | SPORCK ALISTAIR N | Sell | 209 | $72.60 | 15.17K |
| 2026-07-13 | Siu Chris | Sell | 988 | $72.60 | 71.73K |
| 2026-07-13 | RICHMOND DONALD P. II | Sell | 423 | $72.60 | 30.71K |
| 2026-07-13 | Erickson Gayn | Sell | 4.40K | $72.60 | 319.73K |
| 2026-07-13 | ENGINEER ADIL | Sell | 387 | $72.60 | 28.10K |
| 2026-07-02 | Siu Chris | Sell | 1.14K | $69.96 | 79.68K |
| 2026-07-02 | SPORCK ALISTAIR N | Sell | 259 | $69.96 | 18.12K |
| 2026-07-02 | SALAMONE ALBERTO | Sell | 556 | $69.96 | 38.90K |
| 2026-07-02 | RICHMOND DONALD P. II | Sell | 311 | $69.96 | 21.76K |
| 2026-07-02 | ROGERS VERNON | Sell | 337 | $69.96 | 23.58K |
| 2026-07-02 | Erickson Gayn | Sell | 3.09K | $69.96 | 216.25K |
| 2026-07-02 | ENGINEER ADIL | Sell | 437 | $69.96 | 30.57K |
| 2026-07-01 | WIMMERS DIDIER | Buy | 2.37K | — | — |
| 2026-07-01 | Siu Chris | Buy | 6.08K | — | — |
| 2026-07-01 | Siu Chris | Sell | 2.21K | $84.42 | 186.83K |
| 2026-07-01 | Siu Chris | Buy | 6.17K | — | — |
| 2026-07-01 | SPORCK ALISTAIR N | Buy | 2.37K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 291, holders +78 vs prior quarter. Ownership 76.57%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 2.66M | 372.64K | +16.29% | 255.48M |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.32M | 38.49K | +3.00% | 126.83M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.19M | 989.36K | +489.69% | 114.45M |
| D. E. SHAW & CO., INC. | 1.18M | 1.10M | +1335.88% | 113.10M |
| TWO SIGMA INVESTMENTS, LP | 1.16M | 950.24K | +443.27% | 111.87M |
| JANE STREET GROUP, LLC | 1.13M | 1.03M | +981.03% | 108.93M |
| FMR LLC | 1.01M | -1.14M | -53.01% | 96.72M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 966.66K | 48.78K | +5.31% | 92.86M |
| GEODE CAPITAL MANAGEMENT, LLC | 875.50K | 149.79K | +20.64% | 84.11M |
| GOLDMAN SACHS GROUP INC | 810.04K | -452.01K | -35.82% | 77.81M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 801.40K | 599.36K | +296.66% | 76.98M |
| JANE STREET GROUP, LLC | 753.52K | 648.62K | +618.33% | 72.38M |
| CITADEL ADVISORS LLC | 743.00K | 601.71K | +425.87% | 71.37M |
| JPMORGAN CHASE & CO | 732.55K | 542.21K | +284.86% | 69.55M |
| STATE STREET CORP | 712.93K | 89.62K | +14.38% | 68.48M |
| CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | 670.76K | 451.95K | +206.55% | 64.43M |
| CITADEL ADVISORS LLC | 632.40K | 491.11K | +347.59% | 60.75M |
| GRATIA CAPITAL, LLC | 575.50K | 523.94K | +1016.18% | 55.28M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 507.04K | -842.32K | -62.42% | 48.71M |
| CAPTION MANAGEMENT, LLC | 489.00K | 145.30K | +42.28% | 46.97M |
| MORGAN STANLEY | 480.40K | 314.73K | +189.97% | 46.15M |
| NEXT CENTURY GROWTH INVESTORS LLC | 410.73K | -344.01K | -45.58% | 39.45M |
| CITADEL ADVISORS LLC | 400.73K | 259.44K | +183.62% | 38.49M |
| MARSHALL WACE, LLP | 382.74K | 382.74K | New | 36.77M |
| AWM INVESTMENT COMPANY, INC. | 374.81K | -1.22M | -76.49% | 36.00M |
Earnings and financials
Aehr Test Systems (AEHR) trades at $64.01, with a market cap of $2.09B and a trailing P/E of -240.48. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 18898000 | 29555000 | 21056000 | 22291000 | 16600000 | 50829000 | 64961000 | 66218000 | 58968000 | 50001000 |
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