Aehr Test Systems, Inc.
AEHRTechnologyNASDAQSemiconductor Equipment & Materials · Last scanned Oct 26, 2026
Scan Results
Daily timeframePart of the technology sector, Aehr Test Systems, Inc. (AEHR) is listed under Semiconductor Equipment & Materials. The $1.81B market capitalization puts AEHR squarely in small-cap range for its industry. The company offers FOX-XP and FOX-NP systems, which are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize a range of devices, including silicon carbide-based (SIC) and gallium nitride (GAN) 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 used in AI.
Market Cap
$1.81B
Beta
3.48
P/E (TTM)
—
P/E (Fwd)
40.23
EPS (TTM)
$-0.23
EPS (Fwd)
$1.38
ROE
-4.2%
ROA
-4.5%
Cash
$116.4M
Total Debt
$9.9M
Free CF
-$2.0M
52W Change
120.0%
Annual Financials
Cash vs Debt
Where AEHR stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, AEHR finished 26.98% below its 150-day moving average ($86.73) and 13.04% below its 200-day moving average ($72.83). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is AEHR overbought or oversold?
At the October 20, 2026 close, AEHR's RSI(14) was 17.8, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
With $116.4M in cash and $9.9M in debt, AEHR maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company is burning cash, with free cash flow at -$2.0M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -4.2%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has pulled back from $65.0M (2023) to $50.0M (2026), a 23% decline worth watching.
A beta of 3.48 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. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Aehr Test Systems, Inc.'s trajectory.