AEHR
Aehr Test Systems Information Technology Instruments For Meas & Testing of Electricity & Elec Signals Russell 3000
$54.89Close
$1.8BMarket cap
$19.40 – $145.6152-week range
Nov 2, 2026Next report · after the close
Highlights
Cautions
- Not in an uptrend 4 of 8 trend conditions
- Far from its high 62% below its 52-week high
- Results soon Nov 2, 2026, in 1 day
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
62%
1wk
down 0.8%
price change
1mo
down 44.9%
price change
12-month return
up 119%
market up 11% ·
its own up 92%
F-score
3 / 9
Weak
Altman Z
40.00
Low risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
8.1×
price / book
Earnings yield
down 0.8%
EBIT / enterprise value
Cheaper than
21%
of the market · expensive
Revenue growth
down 15%
year on year
EPS growth
—
latest quarter
Sales growth
up 34%
latest quarter · +77 pts
ROE
down 4%
return on equity
Free cash margin
down 11%
-$5.4M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- profitability slipped from last year
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
Trade setup
ATR%
12.9%
$7.06 a day · 2×ATR $40.77
RS
76 / 99
vs the universe
Trend
4 / 8
trend template
Relative volume
1.0×
vs 50-day average
Up/down volume
0.67
50 sessions
Implied move
—
no option chain · report Nov 2, 2026
Trend template · 4 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Shareholders diluted The share count rose 8.7% over the year, from 30m to 32m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Gross margin narrowing Gross margin fell from 40.6% to 35.3%. The company is keeping less of each dollar of sales than it did a year ago.
- Revenue shrinking Revenue fell 15.2% over the year, from $59.0M to $50.0M.
Last reported
Jul 14, 2026
Last shock
Jul 2, 2026-17% in one session2.0× volumeno filing matched-22% since
Financials
- Gross 35%
- Net -14%
- Free cash -11%
- Cash
- Long-term debt
| FY2021May 31, 2021 | FY2022May 31, 2022 | FY2023May 31, 2023 | FY2024May 31, 2024 | FY2025May 30, 2025 | FY2026May 29, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $16.6M | $50.8M | $65.0M | $66.2M | $59.0M | $50.0M |
| Gross margin | 36% | 47% | 50% | 49% | 41% | 35% |
| Operating income | -$4.2M | $7.8M | $13.4M | $10.1M | -$5.7M | -$14.1M |
| Net income | -$2.0M | $9.4M | $14.6M | $33.2M | -$3.9M | -$7.1M |
| Net margin | -12% | 19% | 22% | 50% | -7% | -14% |
| Earnings per share | -$0.09 | $0.34 | $0.50 | $1.12 | -$0.13 | -$0.23 |
| Free cash flow | -$2.9M | $1.1M | $8.6M | $1.0M | -$12.4M | -$5.4M |
| Free cash margin | -18% | 2% | 13% | 2% | -21% | -11% |
| Cash | $4.6M | $31.5M | $30.1M | $49.2M | $24.5M | $116.4M |
| Long-term debt | $0 | — | — | — | — | — |
| Shareholders' equity | $11.4M | $51.0M | $75.6M | $111.6M | $122.9M | $219.5M |
| Shares outstanding | 23.73k | 27.12m | 28.54m | 29m | 29.88m | 32.48m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Jul 27, 2026 | Annual ↗ | May 29, 2026 | 59d |
| Apr 8, 2026 | Quarterly ↗ | Feb 27, 2026 | 40d |
| Jan 12, 2026 | Quarterly ↗ | Nov 28, 2025 | 45d |
| Oct 8, 2025 | Quarterly ↗ | Aug 29, 2025 | 40d |
| Jul 28, 2025 | Annual ↗ | May 30, 2025 | 59d |
| Apr 10, 2025 | Quarterly ↗ | Feb 28, 2025 | 41d |
| Jan 13, 2025 | Quarterly ↗ | Nov 29, 2024 | 45d |
| Oct 11, 2024 | Quarterly ↗ | Aug 31, 2024 | 41d |
| Jul 30, 2024 | Annual ↗ | May 31, 2024 | 60d |
| Apr 10, 2024 | Quarterly ↗ | Feb 29, 2024 | 41d |
| Jan 12, 2024 | Quarterly ↗ | Nov 30, 2023 | 43d |
| Oct 12, 2023 | Quarterly ↗ | Aug 31, 2023 | 42d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 29, 2026 | Director or officer change ↗ |
| Oct 20, 2026 | Shareholder vote ↗ |
| Jul 14, 2026 | Results ↗ |
| Apr 20, 2026 | Other events ↗ |
| Apr 8, 2026 | Material agreement ↗ |
| Apr 7, 2026 | Results · Charter or bylaws ↗ |
| Jan 8, 2026 | Results ↗ |
| Nov 7, 2025 | Director or officer change ↗ |
| Oct 21, 2025 | Shareholder vote ↗ |
| Oct 6, 2025 | Results ↗ |
| Jul 8, 2025 | Results ↗ |
| Apr 8, 2025 | Results ↗ |