AEHR TEST SYSTEMS (AEHR)
Information Technology · semiconductor test equipment · NASDAQ
Aehr Test Systems provides essential burn-in and wafer-level test solutions that ensure the reliability of semiconductors used in AI, electric vehicles, and high-performance computing.
What AEHR TEST SYSTEMS does
Aehr Test Systems provides test, burn-in, and stabilization equipment for semiconductor devices at the wafer, singulated die, and package levels. Its systems are used to identify defects and ensure reliability for mission-critical applications including artificial intelligence, electric vehicles, and data center infrastructure. The company's core product portfolio includes the FOX-P family of systems and specialized contactors and carriers.
Themes: AI infrastructure, EV supply chain, power semiconductors, semiconductor manufacturing equipment, photonics, reliability testing
Fundamentals
- Price$87.21 as of 2026-10-08 close
- Market cap$2.8B as of 2026-07-20 (share count; price 2026-10-08)
- 1-year return+237.4% 2025-10-08 close $25.85 → 2026-10-08 close $87.21
- P/En/a negative earnings
- Net margin-14.3% FY2026, SEC XBRL
- Gross margin+35.3% FY2026, SEC XBRL
- ROE-3.2% FY2026, SEC XBRL
- Debt / equity0.00 as of 2026-09-03
- Revenue growth (YoY)-15.2% as of 2026-09-03
- Revenue CAGR (3y)-8.4% SEC XBRL
- Beta3.09 as of 2026-09-03
- Last reported earnings2026-07-14 SEC EDGAR Form 8-K (Item 2.02)
How AEHR compares in its sector
- net profit marginbottom 25% 380 covered Information Technology peers, as of 2026-09-03
- operating marginbottom 25% 375 covered Information Technology peers, as of 2026-09-03
- gross marginmiddle range 311 covered Information Technology peers, as of 2026-09-03
- return on equitymiddle range 370 covered Information Technology peers, as of 2026-09-03
- 3-year revenue CAGRbottom 10% 385 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 382 covered Information Technology peers, as of FY2026
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
AEHR is not currently in any published Top 10 list. Its scores are below.
Top 10 score
Not scored for the top 10 list: it is in the most expensive tenth of the field on valuation, so it is ranked as a growth story rather than on fundamentals.
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
How AEHR TEST SYSTEMS looks technically
AEHR TEST SYSTEMS (AEHR) is trading 24.8% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 305 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative). It made a new 20-day high about 5 trading days ago. It is 40.8% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 6% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 24.8% above its 200-day average, the long-term trend line — a longer-term uptrend | +24.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $97.86 | $97.86 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $69.86 | $69.86 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 80.95. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 305 trading days ago — a "golden cross", a bullish long-term signal | 305 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend) | 16.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30) | 42.9 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($85.50 to $109.48) — its "stochastic" reading is 7 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 7.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative) | 2 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $147.40 | $147.40 |
|---|---|---|
| From the 52-week high | it is 40.8% below its 52-week high (its highest price of the past year) | -40.8% |
| Above the 52-week low | it is 366.4% above its 52-week low (its lowest price of the past year) | +366.4% |
| Below the 52-week high | it is 40.8% below its highest point of the past year | 40.8% |
| Since a 20-day breakout | it made a new 20-day high about 5 trading days ago | 5 sessions |
| Since a 55-day breakout | it made a new 55-day high about 38 trading days ago | 38 sessions |
| All-time high | its highest closing price on record is $147.40 (set on 2026-08-14) | $147.40 |
| Given back of the 52-week move | over the past year its closes ranged ($19.40 to $145.61), and it has given back around half of its rise from last year’s low — 46% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $63.57 to $67.61. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 46.3% |
| From the all-time high | it is 40.8% below its all-time high | -40.8% |
| Nearest price level | it is trading 12.0% above a support level at $76.74 — a price it turned at twice since 2026-04-28, most recently on 2026-05-19. Since 2024-10-08 it has 11 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -12.0% |
| All-time low | its lowest closing price on record is $0.4 (set on 2011-11-22) | $0.4 |
| Above the all-time low | it is 21702.5% above its all-time low | +21,703% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 6% of the past ~6 months), which often precedes a bigger move | 6th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $8.75 between its high and its low — about 10.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $8.75 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $80.89 and $109.66 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $80.89 – $95.27 – $109.66 |
| Typical daily range (% of price) | its price moves about 10.0% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 10.0% |
| Stretch from the 200-day average | it is trading 2.0 daily ranges above its 200-day average price (24.8% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.0 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.96× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
|---|---|---|
| Since a bearish engulfing | 3 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 3 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 1.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.5% |
|---|---|---|
| Open gap | it gapped 5.6% above the previous close 15 sessions ago and has not traded back through the level it left behind at 84.25 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +5.6% |
| Gap filled | a 3.1% gap up opened on 2026-10-06 has been "filled" 2 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 2 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 4 sessions in a row, a -18.65% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 4 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 5.0 percentage points (the stock lost 3.9% while the market gained 1.0%) | -5.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 24.6 percentage points (the stock gained 28.5% while the market gained 3.8%) | +24.6% |
| vs market, 6 months | over the past 6 months this stock beat the market by 49.7 percentage points (the stock gained 67.2% while the market gained 17.5%) | +49.7% |
| vs market, 12 months | over the past 12 months this stock beat the market by 222.4 percentage points (the stock gained 237.4% while the market gained 15.0%) | +222.4% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 11% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 7.9% of the share price. | -11.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 13% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $77.52 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | +12.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 7% below the average price paid since it last reported on 2026-07-14 (its 8-K), so the typical buyer over that stretch is under water. That average is $93.61 — a volume-weighted average of daily closes over 62 sessions, not a true tick-by-tick VWAP. | -6.8% |
Head and shoulders, bearish — forming · entry $86.30 · 56 sessions in
Price levels it has turned at before
AEHR last closed at $87.21 on 2026-10-08. Since 2024-10-08 it has turned at 11 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $76.74 | Support | 12.0% below the last close | turned there twice · 2026-04-28 to 2026-05-19 |
| $102.64 | Resistance | 17.7% above the last close | turned there twice · 2026-04-24 to 2026-09-11 |
| $109.48 | Resistance | 25.5% above the last close | turned there twice · 2026-05-14 to 2026-07-15 |
| $63.56 | Support | 27.1% below the last close | turned there twice · 2026-07-08 to 2026-07-29 |
| $122.64 | Resistance | 40.6% above the last close | turned there twice · 2026-06-03 to 2026-06-17 |
| $34.23 | Support | 60.8% below the last close | turned there twice · 2025-09-23 to 2025-10-02 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $80.95.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 15 trading days, since 2026-09-18.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Pulled back from the 12-month high · MACD just crossed bearish (12/26/9) · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · beating the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$128.00 range $110.00 – $175.00; median $120.00
Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for AEHR
- Consensus EPS estimate$0.09333 next reporting period, as of 2026-10-07
- Estimate change, 30 days$0.00 from $0.09333, on 2026-09-06, 31-day window
- Readings revised upward0% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Concentration of revenue among a limited number of customers.","Significant fluctuations in quarterly operating results due to the nature of semiconductor capital equipment demand.","Ability to keep pace with rapid technological advancements and changing industry standards in semiconductor manufacturing."]
What changed in the latest 10-Q
AI-assisted comparison of AEHR's 10-Q filed 2026-04-08 against the prior one filed 2026-01-12.
Management's Discussion & Analysis (MD&A)
- Added:
- Added text describing demand influenced by 'generative AI, silicon photonics and power semiconductors including silicon carbide and gallium nitride' in newer filing (2026-04-08)
- Removed:
- Removed reference to 'WaferPak Aligners and DiePak Loaders' as separate line item in revenue description; newer filing (2026-04-08) lists only 'WaferPak Aligners' without DiePak Loaders in the same revenue listing
- Removed entire 'Critical Accounting Estimates' section that appeared in older filing (2026-01-12); newer filing (2026-04-08) text ends before this section
- Reworded:
- Changed 'photonics and integrated optical devices used in artificial intelligence' to 'photonics and integrated optical devices used in AI' in newer filing (2026-04-08)
- Changed 'Our operating results and cash flows can vary significantly from period to period due to the timing, volume, and mix of customer orders' language is present in newer filing (2026-04-08) but positioned differently in document flow relative to older filing (2026-01-12)
- Notes:
- The older filing text provided appears truncated at the 'Critical Accounting Estimates' section, limiting full comparison of subsequent MD&A content
- The newer filing text also appears truncated at the end, cutting off mid-sentence regarding 'past perfor[mance]'
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 19 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-040 buys · 19 sells ($19M) — 9 selling insiders
- Last 180 days · read to 2026-10-040 buys · 37 sells ($36M) — 10 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-17. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about AEHR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding AEHR as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 8,066,062
- Reported value $774,825,917
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 1 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about AEHR's institutional holders → See what each manager we track holds →
Short interest (FINRA)
AEHR had 5,118,430 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
AEHR had 15.7% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.52 days to cover at the same settlement.
- Reported short interest (shares) 5,118,430
- Short interest (% of shares outstanding) 15.7%
- Prior settlement (shares) 4,349,980
- Reported change 17.67%
- Days to cover (reported) 1.52
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Advantest (ATEYY)
- Teradyne (TER)
- Cohu (COHU)
- FormFactor (FORM)
- Kulicke & Soffa (KLIC)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does AEHR TEST SYSTEMS (AEHR) do?
Aehr Test Systems provides test, burn-in, and stabilization equipment for semiconductor devices at the wafer, singulated die, and package levels. Its systems are used to identify defects and ensure reliability for mission-critical applications including artificial intelligence, electric vehicles, and data center infrastructure. The company's core product portfolio includes the FOX-P family of systems and specialized contactors and carriers.
What sector is AEHR TEST SYSTEMS (AEHR) in?
AEHR TEST SYSTEMS (AEHR) is classified in the Information Technology sector. Its industry is semiconductor test equipment. It trades on NASDAQ.
Who are AEHR TEST SYSTEMS's (AEHR) competitors?
Notable peers of AEHR TEST SYSTEMS (AEHR) include Advantest, Teradyne, Cohu, FormFactor and Kulicke & Soffa. This peer set is informational only — not financial advice.
Is AEHR TEST SYSTEMS (AEHR) overbought or oversold right now?
AEHR TEST SYSTEMS (AEHR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 43, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on AEHR come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.