Aehr Test Systems, Inc.
AEHRTechnologyNASDAQSemiconductor Equipment & Materials · Last scanned Jul 18, 2026
Scan Results
Daily timeframeAehr 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. With a market capitalization of $2.63B, it sits in mid-cap territory. 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.
Market Cap
$2.63B
Beta
3.18
P/E (TTM)
—
P/E (Fwd)
58.59
EPS (TTM)
$-0.22
EPS (Fwd)
$1.38
ROE
-4.2%
ROA
-4.0%
Cash
$116.4M
Total Debt
$9.9M
Free CF
-$955,375
52W Change
437.8%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $116.4M in cash comfortably exceeding the $9.9M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Free cash flow is running at -$955K, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -4.2% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been uneven over recent years, ranging from $50.8M to $59.0M.
A beta of 3.18 means AEHR is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. With cash comfortably exceeding debt, AEHR has financial flexibility that may help navigate uncertain periods. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing AEHR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.