Aehr Test Systems (NASDAQ:AEHR) Announces Earnings Results

Posted by on Nov 2nd, 2026

Aehr Test Systems (NASDAQ:AEHR – Get Free Report) announced its quarterly earnings data on Monday. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17, FiscalAI reports. Aehr Test Systems had a negative net margin of 14.25% and a negative return on equity of 3.83%. The firm had revenue of $33.01 million for the quarter, compared to the consensus estimate of $27.53 million.

Here are the key takeaways from Aehr Test Systems’ conference call:

  • Record first-quarter performance: Revenue reached $33.0 million, up 200% year over year and 75% sequentially, while bookings were $46.7 million for a 1.4 book-to-bill ratio. Effective backlog, including post-quarter bookings, rose to $109.3 million as of November 1.
  • Management raised fiscal 2027 revenue guidance to $150 million, representing approximately 200% growth from fiscal 2026, and continues to expect non-GAAP net income of at least 20% of revenue.
  • AI-related demand is expanding across both wafer-level FOX systems and package-level Sonoma systems. Aehr is shipping more than a dozen Sonoma systems monthly to a lead hyperscale customer, while that customer’s second AI processor has completed qualification and is expected to reach higher production volumes than its first.
  • A major AI processor supplier plans to install a fully configured FOX wafer-level burn-in cell at a Taiwan OSAT in early calendar 2027, with a high-volume production decision expected several months after validation. Management describes this as one of its largest potential opportunities, but it remains a qualification opportunity rather than a confirmed production order.
  • Execution and timing remain risks: quarterly customer shipments may vary, second-quarter gross margin is expected to be below the first quarter because of heavy Sonoma deliveries, and operating cash flow was negative $3.1 million as the company purchased long-lead components and invested in capacity. Aehr remains debt-free with $105.1 million in cash and restricted cash.

Aehr Test Systems Trading Down 6.2%

AEHR traded down $3.42 on Monday, reaching $51.47. The stock had a trading volume of 4,143,489 shares, compared to its average volume of 2,484,450. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -214.45 and a beta of 3.36. Aehr Test Systems has a fifty-two week low of $18.70 and a fifty-two week high of $147.40. The firm has a 50-day moving average of $83.67 and a 200-day moving average of $73.77.

Insider Buying and Selling at Aehr Test Systems

In related news, EVP Alberto Salamone sold 9,672 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $127.72, for a total value of $1,235,307.84. Following the sale, the executive vice president owned 41,962 shares of the company’s stock, valued at $5,359,386.64. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Howard Slayen sold 5,700 shares of Aehr Test Systems stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $133.03, for a total value of $758,271.00. Following the completion of the transaction, the director directly owned 140,667 shares in the company, valued at approximately $18,712,931.01. This represents a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 109,475 shares of company stock worth $13,827,160 over the last quarter. Insiders own 4.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of Aehr Test Systems in a research report on Thursday, August 13th. They issued a “buy” rating and a $175.00 target price for the company. Lake Street Capital reiterated a “buy” rating and set a $110.00 price target on shares of Aehr Test Systems in a research report on Wednesday, July 15th. Craig Hallum reissued a “buy” rating and issued a $125.00 price objective on shares of Aehr Test Systems in a research note on Wednesday, July 15th. Oppenheimer initiated coverage on shares of Aehr Test Systems in a research note on Thursday, September 10th. They issued an “outperform” rating and a $120.00 price objective on the stock. Finally, Zacks Research downgraded shares of Aehr Test Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Aehr Test Systems has an average rating of “Moderate Buy” and an average target price of $132.50.

Check Out Our Latest Report on Aehr Test Systems

About Aehr Test Systems

(Get Free Report)

Aehr Test Systems (NASDAQ: AEHR) develops and manufactures test and burn-in equipment used to qualify and screen semiconductor devices. Its systems are designed to identify manufacturing defects and reliability issues before chips are shipped to customers, helping semiconductor manufacturers improve production yields and product quality.

The company’s product portfolio includes the FOX family of semiconductor test systems, including the FOX-XP, FOX-NP and FOX-1P platforms. Aehr also provides wafer contactors, DiePak carriers and related test fixtures and software.

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Earnings History for Aehr Test Systems (NASDAQ:AEHR)

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