Aehr Test Systems (AEHR)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
$86.26+13.10%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
QuarterlyIQ Insights · AEHR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -23.1% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 77.4% |
Growth built into the price is above our model estimate.
The price assumes 100.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 72 industry peers
AEHR — debt issuance
Dated 2026-04-20
Other Events. On April 17, 2026, Aehr Test Systems, a California corporation (the “Company”), fully utilized its previously announced at-the-market equity offering program and completed sales of shares of its common stock having aggregate gross proceeds of approximately $60.0 million. The shares were offered and sold pursuant to the Company’s effective registration statement on Form S-3 (File No. 333-282661), which registered up to $100.0 million of securities, and the prospectus supplement d…
Why it matters: If the company meets its revenue goals, it shows stability after recent drops.
Supportive ifQ4 revenue reported at or above $25 million.
Worry ifQ4 revenue falls below $25 million.
Why it matters: Follow-on orders indicate strong demand for Aehr's systems. This could drive significant revenue growth.
Supportive ifLook for new orders from big customers for PLBI systems next quarter.
Worry ifNo new orders from big customers next quarter.
Why it matters: Management aims for a non-GAAP net income margin of 18% to 22% for fiscal 2027. This shows they expect to make more money.
Supportive ifManagement confirms non-GAAP net income margin guidance of 18% to 22% on the next earnings call.
Worry ifManagement lowers non-GAAP net income margin guidance. It is now below 18%.
Why it matters: The earnings report will show revenue growth and profit trends.
Watch forEarnings report shows revenue growth exceeding $25 million for Q3.
Also watch forEarnings report shows revenue below $25 million for Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$582 on $10,000 · ±5.8% | How much price usually moves either way. |
| Bad day | $1,165 loss on $10,000 · 11.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,762 loss on $10,000 · 47.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Updates on fund use will show how well the company uses the $60 million raised.
Watch forManagement will give a clear update on plans and progress for using the funds.
Also watch forNo updates or unclear messages about how the funds are being used.
Why it matters: The new non-GAAP EPS guidance shows higher profits. It also shows better operations.
Supportive ifManagement raises non-GAAP EPS guidance above $(0.05) for fiscal 2026 in the next earnings call.
Worry ifManagement lowers non-GAAP EPS guidance below $(0.09) for fiscal 2026 in the next earnings call.
Why it matters: If the sector grows faster, it may lift Aehr's performance. It shows a healthier market environment.
Supportive ifSector revenue growth speeds up to over 4% year over year.
Worry ifSector revenue growth remains below 4% year over year.
Why it matters: A drop in sector revenue growth could impact Aehr's performance and outlook.
Worry ifSector revenue growth reported below its median for the quarter.
Less concerning ifSector revenue growth remains above its median.
Why it matters: New orders for silicon carbide WLBI systems show demand in cars. Over $8 million means strong growth.
Supportive ifNew orders for silicon carbide WLBI systems over $8 million next quarter.
Worry ifNew orders for silicon carbide WLBI systems below $8 million next quarter.
Why it matters: If the company meets its EPS goals, it shows better earnings after recent losses.
Supportive ifQ4 non-GAAP EPS reported at or better than $(0.09).
Worry ifQ4 non-GAAP EPS reported worse than $(0.09).
Why it matters: Management expects revenue of $130 million to $150 million for fiscal 2027. This shows strong growth potential.
Supportive ifManagement says revenue for fiscal 2027 will be between $130 million and $150 million.
Worry ifManagement cuts revenue guidance to less than $130 million for fiscal 2027.
Why it matters: New orders would show strong demand for Aehr's burn-in systems and increase revenue.
Supportive ifA press release says there is a large follow-on order from the main customer.
Worry ifNo new orders are announced, showing weaker demand from the main customer.
Why it matters: Strong bookings would confirm continued demand growth and support revenue guidance for fiscal 2027.
Supportive ifBookings for Q3 exceed $60 million, indicating strong demand.
Worry ifBookings for Q3 fall below $60 million, suggesting weaker demand.