NASDAQ:AEHR
Aehr Test Systems
Aehr Test Systems's revenue fell 15.2% in fiscal 2026 to $50.0M while operating margin fell to −28.3%, its lowest in 10 years. Free cash flow was −$5.4M, −10.8% of revenue, and the diluted share count rose 3.7%.Summary generated from Aehr Test Systems's SEC filings. Latest annual report filed Jul 27, 2026.
Key statistics
Fiscal 2026 from SEC filings. MethodologyRevenue (FY26)$50.0M
Revenue growth−15.2%
Revenue, 5-yr CAGR+24.7%
Gross margin35.3%
Operating margin−28.3%
Net margin−14.3%
ROICn/a
Return on equity−4.2%
Debt / equityn/a
Free cash flow−$5.4M
FCF margin−10.8%
Share count change+3.7%
Financials
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | 51 | 65 | 66 | 59 | 50 |
| Operating income | 8 | 13 | 10 | −6 | −14 |
| Net income | 9 | 15 | 33 | −4 | −7 |
| Free cash flow | 1 | 9 | 1 | −12 | −5 |
Recent filings
- 4Insider transaction report
Oct 5, 2026 - 4Insider transaction report
Oct 5, 2026 - DEF 14AProxy statement
Sep 9, 2026 - 10-KAnnual report for the fiscal year ended May 29, 2026
Jul 27, 2026 - 8-KResults of operations and financial condition
Jul 14, 2026 - 8-KOther events
Apr 20, 2026 - 8-KEntry into a material agreement
Apr 8, 2026 - 10-QQuarterly report for the period ended Feb 27, 2026
Apr 8, 2026