Reading the tape
NASDAQ: AEHR
Aehr Test Systems
Technology · Semiconductors
Market Cap
$2.81B
52w High
$102.48
52w Low
$8.02
P/E
-240.40
Volume
1.54M
Outstanding Shares
31.45M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 925.98%Revenue (TTM): -26.39%FCF (TTM): -89.91%P/E: 0th pct
What changed
The stock rose 925.98% over the last year. Revenue declined 26.39% over the trailing twelve months. Operating margin moved from 0.11% to -34.25%. Free cash flow declined 89.91% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -34.25%. A decisive move in revenue — currently down 26.39% — would be the clearest signal to resolve the ambiguity.
Company profile
Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide.
CEOGayn Erickson
SectorTechnology
IndustrySemiconductors
Employees115
IPO dateAug 15, 1997
Valuation
Forward P/E—
EV/EBITDA-296.57
Enterprise value$267.8M
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-43.67%
Gross margin30.72%▼17.42%vs FY2024
Operating margin-34.25%▼148.06%vs FY2024
ROE-3.18%▼110.71%vs FY2024
Analyst consensus
RatingHold
Target price$62.00▼30.66%
1
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 14, 2026
Q3 FY26 · EPS est -$0.01 · Revenue est $18.69M
View