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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.
Snapshot
| Country |
USA
|
| Exchange | Nasdaq |
| AI Layer |
chips
|
| Category |
2.40 Photonic Components, Transceivers & Integration
2.50 Semiconductor Capital Equipment & EDA
|
| Sentiment |
58.0% |
| USD Mkt Cap | 3.09B |
| USD Revenue | 50.00M |
| USD Net Income | -7.13M |
| fwd P/E | 68.45 |
| PEG | 0.90 |
| Price 3M | -12.8% |
| Price 6M | +169.0% |
| Price 1Y | +262.5% |
| Price 2Y | +641.6% |
| USD Share Price | 95.96 |
Price & Size
| Price |
94.69 USD |
| Market Cap |
3.09B USD |
| Shares Outstanding |
32.66M |
| Shares Float |
31.27M |
| 52w Low |
18.70 USD |
| 52w High |
147.40 USD |
| Avg Volume |
2.71M |
Valuation
| P/E (forward) |
68.5x |
| P/B |
14.01x |
| Enterprise Value |
2.98B USD |
| Book Value / Share |
6.76 USD |
| PEG Ratio |
0.90x |
| P/S |
61.85x |
| EV / Revenue |
59.65x |
| EV / EBITDA |
-262.90x |
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) |
1.38 USD |
Margins & Profitability
| Gross Margin |
35.3% |
| Operating Margin |
-6.4% |
| Profit Margin |
-14.2% |
| EBITDA Margin |
-22.7% |
| Return on Equity |
-4.2% |
| Return on Assets |
-4.5% |
Cash & Debt
| Total Cash |
116.36M USD |
| Total Debt |
9.88M 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 |
Analyst Consensus
| Target (Mean) |
130.00 USD |
| Target (Median) |
117.50 USD |
| Target (High) |
175.00 USD |
| Target (Low) |
110.00 USD |
| Recommendation |
none |
| # Analysts |
4 |
Identifiers
| ISIN | US00760J1088 |
| CUSIP | 00760J108 |
| FIGI | BBG000BWM083 |
| SEDOL | 2002542 |
Sentiment 58.0%
as of Sep 12, 2026
Positive drivers
Continued demand for advanced semiconductor test solutions driven by AI chip production ramp-ups at major foundries. Positive analyst notes on Aehr's expanding partnerships in high-power device testing for next-gen processors. Strong backlog visibility reported in recent earnings supporting revenue growth projections.
Neutral / mixed
Market volatility in the broader semiconductor sector due to ongoing geopolitical tensions affecting supply chains. Mixed signals from peers on capex spending slowdowns in certain segments. Aehr's niche focus limits direct comparison to larger test equipment providers.
Negative drivers
Recent share price pressure from profit-taking after earlier gains in the AI-related testing space. Concerns over potential delays in customer qualification cycles for new burn-in systems. Elevated valuation multiples leaving limited margin for execution misses.
Bottom line
Overall sentiment remains mildly positive amid sustained AI-driven tailwinds, tempered by sector-wide uncertainties and valuation concerns. The 30-day window shows balanced but cautious investor outlook.