Aehr Test Systems, Inc. (AEHR)Technology | Semiconductor Equipment & Materials | Fremont, United States | NasdaqCM
68.02 USD
-4.58
(-6.309%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:23 a.m. EDT
The long-term investment case is severely compromised by deteriorating fundamentals. Revenue has contracted by nearly 44%, operating margins are deeply negative at -41%, and the company is burning cash with no dividend to offset the capital loss. While the stock recently rallied off a 52-week low, this appears to be a speculative reaction to news of a production order rather than a correction of the underlying business deterioration. The balance sheet is fragile with negative free cash flow and a forward P/E that is mathematically meaningless due to losses. In the short term, the setup is volatile and ambiguous. The options chain shows heavy speculation on both sides, with significant open interest walls at key psychological levels like $90 and $100, alongside heavy hedging at $60 and $70. This indicates the market is bracing for a binary move but lacks a clear directional thesis. Given the weak statistical forecast and the disconnect between the recent price spike and the terrible earnings reality, the immediate outlook remains neutral-to-slightly-bearish until the next earnings report clarifies if the production order translates to sustained profitability. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.108336 |
| MSTL | 0.118077 |
| AutoTheta | 0.307778 |
| AutoARIMA | 0.448328 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 27% |
| H-stat | 4.86 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.039 |
| Excess Kurtosis | 0.55 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 7.223 |
| Revenue per Share | 1.501 |
| Market Cap | 2,139,450,240 |
| Forward P/E | 453.47 |
| Beta | 3.18 |
| Profit Margins | -25.23% |
| Previous Name | Aehr Test Systems |
| Website | https://www.aehr.com |
As of July 11, 2026, 4:23 a.m. EDT: Speculators are positioning for extreme volatility rather than a specific directional outcome. Call volume spiked significantly at strikes 90, 95, and 100, suggesting a hope for a rebound toward the 52-week high, while put volume concentrated heavily at strikes 60 and 70, indicating a fear of further downside. The massive implied volatility spikes at deep out-of-the-money strikes (e.g., 155 calls, 135 puts) suggest traders are pricing in a binary event or a sharp move in either direction, but the lack of directional bias in the open interest suggests uncertainty.
| Attribute | Value |
|---|---|
| 52 Week Change | 4.2380953 |
| Address1 | 400 Kato Terrace |
| All Time High | 126.62 |
| All Time Low | 0.4 |
| Ask | 86.36 |
| Ask Size | 2 |
| Audit Risk | 5 |
| Average Daily Volume10 Day | 1,959,170 |
| Average Daily Volume3 Month | 2,497,406 |
| Average Volume | 2,497,406 |
| Average Volume10Days | 1,959,170 |
| Beta | 3.183 |
| Bid | 51.07 |
| Bid Size | 2 |
| Board Risk | 7 |
| Book Value | 4.484 |
| City | Fremont |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 68.02 |
| Current Ratio | 10.97 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 71.49 |
| Day Low | 67.23 |
| Debt To Equity | 7.223 |
| Earnings Call Timestamp End | 1,784,059,200 |
| Earnings Call Timestamp Start | 1,784,059,200 |
| Earnings Timestamp | 1,784,059,200 |
| Earnings Timestamp End | 1,784,059,200 |
| Earnings Timestamp Start | 1,784,059,200 |
| Ebitda | -11,928,000 |
| Ebitda Margins | -0.26357 |
| Enterprise To Ebitda | -177.11 |
| Enterprise To Revenue | 46.681 |
| Enterprise Value | 2,112,564,352 |
| Eps Current Year | -0.095 |
| Eps Forward | 0.15 |
| Eps Trailing Twelve Months | -0.35 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 95.191 |
| Fifty Day Average Change | -27.171005 |
| Fifty Day Average Change Percent | -0.2854367 |
| Fifty Two Week Change Percent | 423.80954 |
| Fifty Two Week High | 126.62 |
| Fifty Two Week High Change | -58.600006 |
| Fifty Two Week High Change Percent | -0.4628021 |
| Fifty Two Week Low | 12.93 |
| Fifty Two Week Low Change | 55.089996 |
| Fifty Two Week Low Change Percent | 4.260634 |
| Fifty Two Week Range | 12.93 - 126.62 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 871,651,800,000 |
| Float Shares | 28,375,868 |
| Forward Eps | 0.15 |
| Forward P E | 453.4666 |
| Free Cashflow | -7,451,625 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 136 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.30724 |
| Gross Profits | 13,904,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.047459997 |
| Held Percent Institutions | 0.74108005 |
| Implied Shares Outstanding | 31,453,254 |
| Industry | Semiconductor Equipment & Materials |
| Industry Disp | Semiconductor Equipment & Materials |
| Industry Key | semiconductor-equipment-materials |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,748,563,200 |
| Long Business Summary | Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems in the United States, Asia, and Europe. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D, and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The company offers FOX-CP system, a low-cost single-wafer compact test solution for logic, memory, and photonic devices; and FOX WaferPak Contactor, a full wafer contactor capable of testing wafers up to 300mm that enables integrated circuit manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. In addition, it provides FOX DiePak Carrier, which allows testing, burning in, and stabilization of singulated bare die and modules; and FOX DiePak Loader. The company was incorporated in 1977 and is headquartered in Fremont, California. |
| Long Name | Aehr Test Systems, Inc. |
| Market | us_market |
| Market Cap | 2,139,450,240 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_24413 |
| Most Recent Quarter | 1,772,150,400 |
| Name Change Date | 2,026-07-13 |
| Net Income To Common | -11,416,000 |
| Next Fiscal Year End | 1,780,099,200 |
| Non Diluted Market Cap | 2,283,820,772 |
| Number Of Analyst Opinions | 3 |
| Open | 69.59 |
| Operating Cashflow | -7,444,000 |
| Operating Margins | -0.41006002 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.9 |
| Phone | 510 623 9400 |
| Pre Market Change | 1.6300049 |
| Pre Market Change Percent | 2.3963614 |
| Pre Market Price | 69.65 |
| Pre Market Time | 1,784,016,246 |
| Prev Name | Aehr Test Systems |
| Previous Close | 72.6 |
| Price Eps Current Year | -716.0 |
| Price Hint | 2 |
| Price To Book | 15.16949 |
| Price To Sales Trailing12 Months | 47.275444 |
| Profit Margins | -0.25226 |
| Quick Ratio | 5.79 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -4.58 |
| Regular Market Change Percent | -6.30854 |
| Regular Market Day High | 71.49 |
| Regular Market Day Low | 67.23 |
| Regular Market Day Range | 67.23 - 71.49 |
| Regular Market Open | 69.59 |
| Regular Market Previous Close | 72.6 |
| Regular Market Price | 68.02 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 1,423,004 |
| Return On Assets | -0.06103 |
| Return On Equity | -0.08681 |
| Revenue Growth | -0.437 |
| Revenue Per Share | 1.501 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 1 |
| Shares Outstanding | 31,453,254 |
| Shares Percent Shares Out | 0.13239999 |
| Shares Short | 4,164,166 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 4,101,815 |
| Short Name | Aehr Test Systems |
| Short Percent Of Float | 0.1398 |
| Short Ratio | 2.4 |
| Source Interval | 15 |
| State | CA |
| Symbol | AEHR |
| Target High Price | 90.0 |
| Target Low Price | 56.0 |
| Target Mean Price | 71.33333 |
| Target Median Price | 68.0 |
| Total Cash | 36,911,000 |
| Total Cash Per Share | 1.174 |
| Total Debt | 10,025,000 |
| Total Revenue | 45,255,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.35 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 49.31285 |
| Two Hundred Day Average Change | 18.707146 |
| Two Hundred Day Average Change Percent | 0.3793564 |
| Type Disp | Equity |
| Volume | 1,423,004 |
| Website | https://www.aehr.com |
| Zip | 94,539 |