AEHR Aehr Test Systems, Inc. - Fundamental Analysis
BEARISH
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AEHR Stock | Fundamental Analysis & Investment Insights
NASDAQ
Technology
Semiconductor Equipment & Materials
Current Price
Live
$28.84
Analyst Target
$24.33
-15.6%
Downside
52W High
$37.49
52W Low
$6.27
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Feb 14, 2026
Market cap
$883.29M
P/E
N/A
ROE
-7.0%
Profit margin
-16.6%
Debt/Equity
0.08
Dividend yield
N/A
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
85%
Analysis Accuracy
AEHR's Piotroski F-Score of 6/9 indicates a stable but not strong financial health, with no Altman Z-Score available to assess bankruptcy risk. The company exhibits severe profitability issues, including a negative profit margin of -16.63% and a -49.18% operating margin, alongside a 26.5% year-over-year revenue decline. Despite a strong cash position (current ratio of 10.62) and low debt (debt/equity of 0.08), the business is losing money and showing deteriorating earnings trends. Insider selling activity and a significant analyst price target below the current market price further undermine confidence in near-term value.
Key Strengths
Strong current liquidity with a current ratio of 10.62 and quick ratio of 5.18
Low debt-to-equity ratio of 0.08, indicating minimal financial leverage
Positive gross margin of 33.28%, suggesting pricing power or efficient production
Historical earnings surprise potential, with several quarters beating estimates by large margins
Significant 5-year stock appreciation (+784.7%), indicating strong investor interest in growth narrative
Key Risks
Negative profit margin (-16.63%) and operating margin (-49.18%) indicate fundamental profitability issues
26.5% year-over-year revenue decline signals declining demand or market share erosion
Forward P/E of 384.53 is extremely high, implying market pricing in unsustainable growth
Insider selling of $0.6M in the last 6 months with no buys, signaling internal skepticism
Analyst target price ($24.33) is 15.6% below current price, indicating downward revision risk
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
34
Weak
25
30
60
55
0
AI Verdict
Weak
Key drivers: Negative profitability and declining revenue, Extremely high valuation multiples, Bearish insider activity, Low Piotroski F-Score despite stable liquidity
Confidence
88%
Value
25/100
Ref P/E, PEG, Graham Number
Positives
- Low debt and strong cash position
- High gross margin suggests operational efficiency
Watchpoints
- No Graham Number or intrinsic value available
- Forward P/E of 384.53 is unsustainable
- Price/Sales of 16.59 is extremely high for a loss-making firm
Future
30/100
Ref Growth rates
Positives
- Historical ability to beat earnings estimates by large margins
- Potential for turnaround if market conditions improve
Watchpoints
- 26.5% YoY revenue decline
- Negative earnings growth and declining Q/Q EPS
- No forward earnings guidance or positive growth trajectory
Past
60/100
Ref Historical trends
Positives
- Strong 5-year stock performance (+784.7%)
- Consistent history of earnings surprises
Watchpoints
- Recent earnings deterioration (e.g., -500% Q/Q EPS growth)
- Declining trend in profitability over the last 2 years
- Multiple quarters of negative earnings
Health
55/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Low debt/equity ratio (0.08)
- High current and quick ratios (10.62, 5.18)
Watchpoints
- Piotroski F-Score of 6/9 (stable but not strong)
- No Altman Z-Score available, but negative ROE and ROA suggest distress risk
Dividend
0/100
Ref Yield, Payout
Positives
No standout positives identified.
Watchpoints
- No dividend yield or payout
- 0% payout ratio
- Company is loss-making and not dividend-focused
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$28.84
Analyst Target
$24.33
Upside/Downside
-15.6%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for AEHR and closest competitors.
Updated 2026-02-13
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
AEHR
Aehr Test Systems, Inc.
Primary
|
+784.7% | -14.2% | +174.7% | +57.5% | +11.1% | +9.3% |
|
AXTI
AXT, Inc.
Peer
|
+47.3% | +211.3% | +656.5% | +640.4% | +15.9% | -21.2% |
|
ALIT
Alight, Inc.
Peer
|
-87.9% | -83.0% | -77.8% | -73.4% | -24.4% | -5.1% |
|
AEVA
Aeva Technologies, Inc.
Peer
|
-84.1% | +61.7% | +224.1% | +3.7% | -34.4% | +9.5% |
|
ADTN
ADTRAN Holdings, Inc.
Peer
|
-33.7% | -39.8% | -14.4% | +14.6% | +15.6% | +2.7% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
N/A
Forward P/E
384.53
PEG Ratio
N/A
P/B Ratio
6.75
P/S Ratio
16.59
EV/Revenue
16.2
EV/EBITDA
-97.2
Market Cap
$883.29M
Profitability
Profit margins and return metrics
Profit Margin
-16.63%
Operating Margin
-49.18%
Gross Margin
33.28%
ROE
-6.97%
ROA
-5.01%
Growth
Revenue and earnings growth rates
Revenue Growth
-26.5%
Earnings Growth
N/A
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
N/A
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.08
Low debt
Current Ratio
10.62
Strong
Quick Ratio
5.18
Excellent
Cash/Share
$1.01
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-07
$N/A
2026-01-08
$-0.04
-9.1% surprise
2025-10-06
$0.01
2025-07-08
$-0.01
+33.3% surprise
Technology Sector Comparison
Comparing AEHR against 149 companies in the Technology sector
(11 bullish, 68 neutral, 70 bearish)
Return on Equity (ROE)
-6.97%
This Stock
vs
-6.46%
Sector Avg
+8.0%
(Above Avg)
Profit Margin
-16.63%
This Stock
vs
-9.27%
Sector Avg
+79.5%
(Superior)
Debt to Equity
0.08
This Stock
vs
0.7
Sector Avg
-88.9%
(Less Debt)
Revenue Growth
-26.5%
This Stock
vs
61.63%
Sector Avg
-143.0%
(Slower)
Current Ratio
10.62
This Stock
vs
3.39
Sector Avg
+212.8%
(Stronger)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
AEHR
Aehr Test Systems, Inc.
|
BEARISH | $883.29M | - | -7.0% | -16.6% | $28.84 | |
|
AXTI
AXT, Inc.
|
NEUTRAL | $943.24M | - | -9.9% | -25.2% | $17.4 | |
|
ALIT
Alight, Inc.
|
BEARISH | $818.74M | - | -66.9% | -94.2% | $1.49 | |
|
AEVA
Aeva Technologies, Inc.
|
BEARISH | $815.89M | - | -192.3% | -% | $13.58 | |
|
ADTN
ADTRAN Holdings, Inc.
|
NEUTRAL | $811.58M | - | -11.8% | -7.6% | $10.13 |
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-02-09 | SPORCK ALISTAIR N | Officer | Sale | 3,000 | $82,716 |
| 2026-02-04 | SLAYEN HOWARD T | Director | Gift | 15,000 | - |
| 2026-01-22 | OLIPHANT LAURA | Director | Sale | 4,546 | $142,750 |
| 2025-11-05 | SLAYEN HOWARD T | Director | Sale | 6,000 | $154,357 |
| 2025-10-22 | ROGERS VERNON | Officer | Option Exercise | 110,468 | $224,250 |
| 2025-10-09 | DANESH FARIBA | Director | Sale | 9,000 | $223,101 |
| 2025-09-24 | SLAYEN HOWARD T | Director | Gift | 5,000 | - |
| 2025-09-02 | SLAYEN HOWARD T | Director | Gift | 639 | - |
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
3 analysts
Craig-Hallum
2026-01-09
Hold
Hold
Lake Street
2025-12-17
Buy
Past News Coverage
Recent headlines mentioning AEHR from our newsroom.
Newest → oldest
No matching news yet.