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Aehr Test Systems

AEHR
USA Nasdaq USD

Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits, contributing to the semiconductor layer of the AI stack.

Share Price
59.57USD
Market Cap
1.95BUSD
Revenue
50.00MUSD
Net Income
-7.13MUSD
Sentiment
58.0%

Financial data: Yahoo Finance, as of 11-Nov-2026

Price History
Price & Size
Price 59.57 USD
Market Cap 1.95B USD
Shares Outstanding 32.79M
Shares Float 31.41M
52w Low 18.70 USD
52w High 147.40 USD
Avg Volume 2.79M
Valuation
P/E (forward) 35.4x
P/B 8.76x
Enterprise Value 1.86B USD
Book Value / Share 6.80 USD
PEG Ratio 0.58x
P/S 39.07x
EV / Revenue 37.17x
EV / EBITDA -163.83x
Income
Revenue 50.00M USD
Revenue / Share 1.63 USD
EBITDA -11.34M USD
Net Income -7.13M USD
EPS (trailing) -0.23 USD
EPS (forward) 1.68 USD
Margins & Profitability
Gross Margin 35.3%
Operating Margin 18.3%
Profit Margin -14.2%
EBITDA Margin -22.7%
Return on Equity -4.2%
Return on Assets -4.5%
Cash & Debt
Total Cash 104.90M USD
Total Debt 9.80M USD
Free Cash Flow -1.96M USD
Operating Cash Flow -3.31M USD
Debt / Equity 0.04x
Current Ratio 10.33x
Quick Ratio 7.60x
Dividend
Yield 0.0%
Payout Ratio 0.0%
Risk
Beta 3.33
Analyst Consensus
Target (Mean) 123.75 USD
Target (Median) 122.50 USD
Target (High) 140.00 USD
Target (Low) 110.00 USD
Analysts' Rating Strong buy
# Analysts 4
Identifiers
ISINUS00760J1088
CUSIP00760J108
FIGIBBG000BWM083
SEDOL2002542
Sentiment 58.0%

Sentiment is an AI (Grok) reading of market mood over the past 30 days: 0% very negative, 50% neutral, 100% very positive.

Positive drivers

Strong demand for AI chip testing solutions drove revenue growth in Q3 2026 earnings, with Aehr securing new contracts from major semiconductor foundries. Expansion into high-volume burn-in systems for advanced nodes positioned the company favorably amid the ongoing AI infrastructure buildout. Analyst upgrades highlighted improved gross margins from operational efficiencies.

Neutral / mixed

Stock price remained range-bound as broader semiconductor sector volatility offset company-specific gains, with no major M&A activity reported. Regulatory scrutiny on export controls for advanced testing tech created uncertainty without immediate impact. Mixed signals from peer companies like Teradyne led to cautious investor positioning.

Negative drivers

Delayed customer orders due to inventory adjustments in the memory segment weighed on near-term guidance, pressuring shares lower mid-October. Rising competition from larger players and potential margin compression from pricing pressures emerged as concerns. Macroeconomic headwinds including higher interest rates dampened overall tech sector sentiment.

Bottom line

Overall sentiment for AEHR is mildly positive, supported by AI tailwinds but tempered by execution risks and sector noise. Investors appear to be awaiting clearer visibility on 2027 demand trends.