AEHR
Company Description
Aehr Test Systems, founded in 1977 and based in Fremont, California, specializes in the global provision of advanced burn-in and test systems for integrated circuits, encompassing logic, optical, and memory devices. Its extensive product lineup includes the ABTS and FOX-P families of test and burn-in solutions, complemented by specialized components such as the FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is specifically designed for both production and qualification assessments of packaged parts, covering a range of lower and higher power logic devices, as well as various memory types. For more complex integrated circuits like memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices, the FOX-XP and FOX-NP systems facilitate burn-in and functional testing at both the wafer and individual die/module levels. Aehr's FOX-CP system offers a compact, single-wafer solution for verifying the reliability of logic, memory, and photonic devices. A distinguishing offering, the WaferPak Contactor, features an exclusive full-wafer probe card, accommodating wafers up to 300mm, which enables semiconductor manufacturers to conduct comprehensive wafer-level testing and burn-in on Aehr's FOX platforms. Furthermore, the DiePak Carrier provides a reusable, temporary packaging medium, empowering IC manufacturers to complete final testing and burn-in processes for bare die and modules.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 58.97M | 66.22M | 64.96M | 50.83M | 16.60M | 22.29M | 21.06M | 29.55M | 18.90M | 14.50M | 10.02M | 19.68M |
| Net Income | (3.91M) | 33.16M | 14.56M | 9.45M | (2.03M) | (2.80M) | (5.24M) | 528,000 | (5.65M) | (6.79M) | (6.65M) | 422,000 |
| EPS | -0.13 | 1.15 | 0.52 | 0.36 | -0.09 | -0.12 | -0.23 | 0.02 | -0.35 | -0.52 | -0.55 | 0.04 |
| Free Cash Flow | (12.39M) | 1.01M | 8.65M | 1.09M | (2.93M) | (2.19M) | (5.81M) | (1.92M) | (4.97M) | (7.20M) | (2.37M) | (946,000) |
| FCF / Share | -0.42 | 0.03 | 0.31 | 0.04 | -0.12 | -0.10 | -0.26 | -0.09 | -0.31 | -0.55 | -0.20 | -0.09 |
| Operating CF | (7.40M) | 1.76M | 10.01M | 1.51M | (2.70M) | (2.02M) | (5.64M) | (1.35M) | (4.50M) | (6.28M) | (2.26M) | (607,000) |
| Total Assets | 148.51M | 127.91M | 98.14M | 62.33M | 21.66M | 20.57M | 21.31M | 30.95M | 30.89M | 10.05M | 14.87M | 12.22M |
| Total Debt | 10.83M | 6.20M | 6.30M | 1.01M | 4.82M | 3.94M | 0 | 6.11M | 6.11M | 5.96M | 3.79M | 777,000 |
| Cash & Equiv | 25.23M | 49.16M | 30.05M | 31.48M | 4.58M | 5.43M | 5.43M | 16.85M | 17.80M | 939,000 | 5.53M | 1.81M |
| Book Value | 122.87M | 111.59M | 75.60M | 50.99M | 11.45M | 14.08M | 15.47M | 19.30M | 16.81M | (703,000) | 4.57M | 7.05M |
| Return on Equity | -0.03 | 0.30 | 0.19 | 0.19 | -0.18 | -0.20 | -0.34 | 0.03 | -0.34 | N/A | -1.46 | 0.06 |
| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.31M | 9.88M | 10.97M | 14.09M | 18.31M | 13.45M | 13.12M | 16.60M | 7.56M | 21.43M | 20.62M | 22.27M |
| Net Income | (3.20M) | (3.23M) | (2.08M) | (2.90M) | (643,000) | (1.03M) | 660,000 | 23.86M | (1.47M) | 6.09M | 4.67M | 6.11M |
| EPS | -0.10 | -0.11 | -0.07 | -0.10 | -0.02 | -0.03 | 0.02 | 0.82 | -0.05 | 0.21 | 0.16 | 0.21 |
| Free Cash Flow | (2.93M) | (1.85M) | (1.67M) | (5.12M) | (3.26M) | (6.19M) | 2.18M | 1.18M | (3.09M) | (701,000) | 3.62M | 4.68M |
| FCF / Share | -0.10 | -0.06 | -0.06 | -0.17 | -0.11 | -0.21 | 0.07 | 0.04 | -0.11 | -0.02 | 0.13 | 0.16 |
| Operating CF | (2.85M) | (1.39M) | (282,000) | (2.30M) | (1.60M) | (5.87M) | 2.38M | 1.22M | (2.82M) | (545,000) | 3.90M | 5.87M |
| Total Assets | 157.05M | 148.73M | 144.09M | 148.51M | 145.61M | 142.28M | 145.86M | 127.91M | 101.60M | 101.17M | 105.47M | 98.14M |
| Total Debt | 10.03M | 10.16M | 10.62M | 10.83M | 6.44M | 6.43M | 6.71M | 6.20M | 6.31M | 6.41M | 6.27M | 6.30M |
| Cash & Equiv | 36.91M | 30.84M | 22.71M | 25.23M | 30.11M | 33.07M | 37.83M | 49.16M | 47.58M | 50.51M | 50.95M | 30.05M |
| Book Value | 138.79M | 130.78M | 122.39M | 122.87M | 124.21M | 123.18M | 122.48M | 111.59M | 86.50M | 87.15M | 80.14M | 75.60M |
| Return on Equity | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | 0.01 | 0.21 | -0.02 | 0.07 | 0.06 | 0.08 |