AEHR
Aehr Test Systems
NASDAQ: AEHR · TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS
$81.81
-0.75% today
Updated 2026-04-29
Market cap
$2.57B
P/E ratio
—
P/S ratio
56.86x
EPS (TTM)
$-0.38
Dividend yield
—
52W range
$8 – $102
Volume
2.9M
Aehr Test Systems (AEHR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.80M | $27.35M | $39.04M | $21.41M | $11.67M | $13.74M | $15.52M | $16.49M | $19.68M | $10.02M | $14.50M | $18.90M | $29.55M | $21.06M | $22.29M | $16.60M | $50.83M | $64.96M | $66.22M | $58.97M |
| Revenue growth (YoY) | — | +14.9% | +42.7% | -45.2% | -45.5% | +17.7% | +13.0% | +6.2% | +19.4% | -49.1% | +44.7% | +30.3% | +56.4% | -28.8% | +5.9% | -25.5% | +206.2% | +27.8% | +1.9% | -10.9% |
| Cost of revenue | $13.16M | $13.44M | $19.07M | $19.82M | $5.57M | $8.22M | $9.31M | $9.71M | $9.46M | $6.18M | $9.36M | $12.12M | $17.17M | $13.45M | $13.92M | $10.57M | $27.16M | $32.22M | $33.67M | $35.03M |
| Gross profit | $10.64M | $13.91M | $19.97M | $1.18M | $6.10M | $5.51M | $6.21M | $6.78M | $10.22M | $3.84M | $5.14M | $6.78M | $12.39M | $7.60M | $8.37M | $6.03M | $23.66M | $32.75M | $32.54M | $23.93M |
| Gross margin | 44.7% | 50.9% | 51.1% | 5.5% | 52.3% | 40.1% | 40.0% | 41.1% | 51.9% | 38.3% | 35.5% | 35.9% | 41.9% | 36.1% | 37.6% | 36.3% | 46.6% | 50.4% | 49.1% | 40.6% |
| R&D | $4.34M | $6.32M | $6.50M | $5.76M | $4.76M | $4.57M | $4.19M | $3.21M | $3.40M | $4.06M | $4.32M | $4.66M | $4.18M | $4.15M | $3.39M | $3.65M | $5.82M | $7.13M | $8.72M | $10.46M |
| SG&A | $5.84M | $6.54M | $7.66M | $20.62M | $6.09M | $5.96M | $6.53M | $6.87M | $6.32M | $6.47M | $6.97M | $7.05M | $7.29M | $7.72M | $7.53M | $6.56M | $10.05M | $12.24M | $13.75M | $18.28M |
| Operating income | $455000.00 | $1.05M | $5.81M | $-24.80M | $-4.75M | $-5.02M | $-4.51M | $-3.31M | $497000.00 | $-6.69M | $-6.15M | $-4.93M | $915000.00 | $-4.28M | $-2.54M | $-4.18M | $7.80M | $13.38M | $10.08M | $-4.31M |
| Operating margin | 1.9% | 3.8% | 14.9% | -115.9% | -40.7% | -36.5% | -29.0% | -20.1% | 2.5% | -66.8% | -42.4% | -26.1% | 3.1% | -20.3% | -11.4% | -25.2% | 15.3% | 20.6% | 15.2% | -7.3% |
| EBITDA | $1.13M | $2.83M | $6.45M | $-24.41M | $69999.00 | $-2.85M | $-2.91M | $-3.02M | $574000.00 | $-6.35M | $-5.97M | $-4.68M | $1.27M | $-4.53M | $-2.38M | $-1.85M | $9.85M | $13.82M | $13.82M | $-903000.00 |
| EBITDA margin | 4.7% | 10.3% | 16.5% | -114.0% | 0.6% | -20.7% | -18.7% | -18.3% | 2.9% | -63.4% | -41.1% | -24.8% | 4.3% | -21.5% | -10.7% | -11.1% | 19.4% | 21.3% | 20.9% | -1.5% |
| EBIT | $789000.00 | $2.50M | $5.97M | $-25.06M | $-620001.00 | $-3.42M | $-3.40M | $-3.34M | $433000.00 | $-6.48M | $-6.17M | $-4.95M | $854000.00 | $-4.96M | $-2.77M | $-2.16M | $9.54M | $13.38M | $12.46M | $-4.29M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4000.00 | $49000.00 | $26000.00 | $130000.00 | $605000.00 | $678000.00 | $399000.00 | $252000.00 | $10000.00 | $46000.00 | $13000.00 | $1.24M | — | — |
| Income tax | $-21000.00 | $75000.00 | $-4.60M | $4.92M | $-139000.00 | $-49000.00 | $-15000.00 | $30000.00 | $-15000.00 | $34000.00 | $10000.00 | $25000.00 | $-73000.00 | $27000.00 | $36000.00 | $-177000.00 | $91000.00 | $60000.00 | $-20.70M | $-381000.00 |
| Effective tax rate | -2.7% | 3.0% | -77.1% | -19.6% | 22.4% | 1.4% | 0.4% | -0.9% | -3.7% | -0.5% | -0.1% | -0.4% | -16.0% | -0.5% | -1.3% | 8.0% | 1.0% | 0.4% | -166.1% | 8.9% |
| Net income | $810000.00 | $2.43M | $10.57M | $-29.97M | $-481000.00 | $-3.37M | $-3.39M | $-3.42M | $422000.00 | $-6.65M | $-6.79M | $-5.65M | $528000.00 | $-5.24M | $-2.80M | $-2.03M | $9.45M | $14.56M | $33.16M | $-3.91M |
| Net income growth (YoY) | — | +199.8% | +335.5% | -383.5% | +98.4% | -601.2% | -0.5% | -0.9% | +112.3% | -1675.1% | -2.1% | +16.7% | +109.3% | -1091.5% | +46.5% | +27.7% | +566.2% | +54.0% | +127.8% | -111.8% |
| Profit margin | 3.4% | 8.9% | 27.1% | -140.0% | -4.1% | -24.6% | -21.8% | -20.7% | 2.1% | -66.4% | -46.8% | -29.9% | 1.8% | -24.9% | -12.6% | -12.2% | 18.6% | 22.4% | 50.1% | -6.6% |