Why is AEHR down?
Down 40% in 3 months while the S&P 500 was flat.
- It filed a prospectus for an at-the-market program for new shares of $60.0M on Apr 8, 2026.
−2Growth
Down 40% in 3 months while the S&P 500 was flat.
−2Growth
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| Holding it back | Sales fell by a quarter |
| Latest filing | 8-K, Oct 29 |
ReportReports today, after the close. Every 3 months, a company tells everyone how much it sold and earned. It rose after 3 of its last 4 reports, +11.5% on average. Past reports ›
Tue Dec 15: Headgate Partners 15th Annual NYC…Industry event · date confirmed.
After its last 4 reports it closed +11.5% on average, higher 3 of 4 times.
AEHR is #8 of 8 by Quality Score among Instruments for Measuring & Testing of Electricity & Electric Signals.
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Free cash flow over four quarters: AEHR -$5.38M, FORM $136M, COHU $34.9M, ONTO $252M.
Reports Mon Nov 2, after the close (today). Confirmed.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
The figures are not read from the release yet.
AEHR's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Total company revenue | $130M to $150M |
Sales fell 8.4% a year over 3 years, fiscal 2023 to 2026.
Its share count grew 5.5% a year over 5 years.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Jul 14, 2026 | +36.3% | +21.9% | +37.4% |
| Apr 7, 2026 | +14.1% | +25.7% | +48.0% |
| Jan 8, 2026 | +5.3% | +15.9% | +16.9% |
Sales grew in four of the last seven years, to $50M in 2026. It made a profit in three of the eight years.
10 insiders sold $19.9M across 22 filings in the last 6 months. No open-market buys on record. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: AEHR is under 0.1% of VGT, under 0.1% of FTEC, and under 0.1% of VTI, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Aug 31, 2026.
Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing, and selling of advance test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.
“The semiconductor equipment industry is intensely competitive.”
AEHR scores -4 today, which Breakaway calls Poor. It is #8 of 8 in Instruments for Measuring & Testing of Electricity & Electric Signals by Quality Score, with 1 of 14 chart checks firing. Down 40% in 3 months while the S&P 500 was flat. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
AEHR scores -4 today, which Breakaway calls Poor (below zero). That is #8 of 8 in Instruments for Measuring & Testing of Electricity & Electric Signals by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind AEHR's -4.
10 insiders sold $19.9M across 22 filings in the last 6 months. No open-market buys on record. The newest is Vernon Rogers, Exec VP of Sales & Mktg., who sold $574K on Aug 17. Every filing, with the scored weight, for Pro members.
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