Aehr Test Systems (AEHR) income statement
NASDAQ · Technology · Semiconductors · 138 employees · CEO Gayn Erickson
- Price
- $54.89 -10.33%
- Market cap
- $1.79B
- Enterprise value
- $1.69B
- Last report
- Q4 '26 filed 2026-07-27
- Next report
- 2026-11-02
Aehr Test Systems (AEHR) reported revenue of $19.8M for Q4 '26 (+40.2% year on year), operating income of -$993K (-5.0% of revenue) and net income of $1.39M. Over the last four quarters revenue was $50.9M.
Income statement
| Income statement | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.6M | $21.4M | $7.56M | $16.6M | $13.1M | $13.5M | $18.3M | $14.1M | $11M | $9.88M | $10.3M | $19.8M | |
| Cost of revenue | $10.6M | $10.5M | $4.41M | $8.15M | $6.04M | $8.05M | $11.1M | $9.82M | $7.25M | $7.34M | $6.95M | $11.7M | |
| Gross profit | $9.98M | $11M | $3.16M | $8.45M | $7.08M | $5.4M | $7.18M | $4.27M | $3.72M | $2.55M | $3.37M | $8.02M | |
| Research & development | $2.46M | $1.97M | $2.14M | $2.15M | $2.36M | $2.28M | $3.14M | $2.69M | $2.85M | $2.97M | $3.17M | $3.65M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $219K | $0 | $0 | -$213K | |
| Operating expenses | $5.87M | $5.49M | $5.2M | $5.91M | $6.92M | $6.91M | $8.3M | $6.61M | $7.79M | $7.41M | $7.6M | $9.01M | |
| Operating income | $4.12M | $5.47M | -$2.05M | $2.54M | $159K | -$1.51M | -$1.12M | -$2.34M | -$4.07M | -$4.87M | -$4.23M | -$993K | |
| Interest income | $581K | $631K | $584K | $592K | $681K | $228K | $270K | $222K | $179K | $194K | $240K | $748K | |
| Other non-operating income (gains on investments, FX ...) | -$575K | -$641K | -$582K | -$582K | -$655K | -$268K | -$245K | $646K | -$219K | -$417K | -$228K | -$1.55M | |
| Total non-operating income | $575K | $641K | $582K | $582K | $655K | $268K | $245K | -$646K | $1.23M | $423K | $228K | $532K | |
| Income before tax | $4.69M | $6.11M | -$1.46M | $3.12M | $814K | -$1.25M | -$874K | -$2.99M | -$2.84M | -$4.44M | -$4M | -$461K | |
| Income tax | $16K | $20K | $7K | -$20.7M | $154K | -$217K | -$231K | -$87K | -$752K | -$1.21M | -$798K | -$1.85M | |
| Net income | $4.67M | $6.09M | -$1.47M | $23.9M | $660K | -$1.03M | -$643K | -$2.9M | -$2.08M | -$3.23M | -$3.2M | $1.39M | |
| EPS (basic) | $0.16 | $0.21 | -$0.05 | $0.82 | $0.02 | -$0.03 | -$0.02 | -$0.10 | -$0.07 | -$0.11 | -$0.10 | $0.05 | |
| EPS (diluted) | $0.16 | $0.20 | -$0.05 | $0.81 | $0.02 | -$0.03 | -$0.02 | -$0.10 | -$0.07 | -$0.11 | -$0.10 | $0.05 | |
| Shares (basic, weighted) | 28.6M | 28.8M | 28.9M | 29M | 29.1M | 29.7M | 29.7M | 29.8M | 29.9M | 30.1M | 30.7M | 30.7M | |
| Shares (diluted, weighted) | 29.6M | 29.8M | 28.9M | 29.5M | 29.6M | 29.7M | 29.7M | 29.8M | 29.9M | 30.1M | 30.7M | 30.7M | |
| Depreciation & amortization | $138K | $145K | $371K | $372K | $566K | $893K | $909K | $1.02M | $922K | $871K | $860K | $877K | |
| EBITDA | $4.83M | $6.25M | -$1.09M | $3.5M | $1.38M | -$352K | $35K | -$1.97M | -$2.93M | -$3.57M | -$3.14M | $1.43M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.9M | $29.6M | $21.1M | $22.3M | $16.6M | $50.8M | $65M | $66.2M | $59M | $50M | |
| Cost of revenue | $12.1M | $17.2M | $13.5M | $13.9M | $10.6M | $27.2M | $32.2M | $33.7M | $35M | $32.4M | |
| Gross profit | $6.78M | $12.4M | $7.6M | $8.37M | $6.03M | $23.7M | $32.7M | $32.5M | $23.9M | $17.7M | |
| Research & development | $4.66M | $4.18M | $4.15M | $3.39M | $3.65M | $5.82M | $7.13M | $8.72M | $10.5M | $12.6M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6K | |
| Operating expenses | $11.7M | $11.5M | $11.9M | $10.9M | $10.2M | $15.9M | $19.4M | $22.5M | $28.2M | $31.8M | |
| Operating income | -$4.93M | $915K | -$4.28M | -$2.55M | -$4.18M | $7.8M | $13.4M | $10.1M | -$4.31M | -$14.1M | |
| Interest income | $0 | $0 | $0 | $10K | $0 | $13K | $1.25M | $2.39M | $1.4M | $1.36M | |
| Interest expense | $678K | $399K | $252K | $0 | $46K | $0 | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | $21K | $61K | $681K | $221K | -$2.02M | -$1.74M | -$1.24M | -$2.38M | -$22K | -$2.41M | |
| Total non-operating income | -$699K | -$460K | -$933K | -$221K | $1.98M | $1.74M | $1.24M | $2.38M | $22K | $2.41M | |
| Income before tax | -$5.63M | $455K | -$5.21M | -$2.77M | -$2.2M | $9.54M | $14.6M | $12.5M | -$4.29M | -$11.7M | |
| Income tax | $25K | -$73K | $27K | $36K | -$177K | $91K | $60K | -$20.7M | -$381K | -$4.61M | |
| Net income | -$5.65M | $528K | -$5.24M | -$2.8M | -$2.03M | $9.45M | $14.6M | $33.2M | -$3.91M | -$7.13M | |
| EPS (basic) | -$0.35 | $0.02 | -$0.23 | -$0.12 | -$0.09 | $0.36 | $0.52 | $1.15 | -$0.13 | -$0.23 | |
| EPS (diluted) | -$0.35 | $0.02 | -$0.23 | -$0.12 | -$0.09 | $0.34 | $0.50 | $1.12 | -$0.13 | -$0.23 | |
| Shares (basic, weighted) | 16.3M | 21.7M | 22.4M | 22.9M | 23.5M | 26M | 27.8M | 28.8M | 29.6M | 30.7M | |
| Shares (diluted, weighted) | 16.3M | 22.8M | 22.4M | 22.9M | 23.5M | 27.8M | 29.2M | 29.6M | 29.6M | 30.7M | |
| Depreciation & amortization | $271K | $417K | $431K | $384K | $310K | $307K | $450K | $1.36M | $3.39M | $3.53M | |
| EBITDA | -$4.68M | $1.27M | -$4.53M | -$2.38M | -$1.85M | $9.85M | $15.1M | $13.8M | -$903K | -$8.21M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-05-29, 10-Q 2026-02-27, 10-Q 2025-11-28, 10-Q 2025-08-29, 10-K 2025-05-30, 10-Q 2025-02-28, 10-Q 2024-11-29, 10-Q 2024-08-30, 10-K 2024-05-31
Data as of 2026-11-02