Aehr Test Systems (AEHR)财务
NASDAQ · Technology · Semiconductors · 员工138人 · CEO Gayn Erickson
- 股价
- $54.89 -10.33%
- 市值
- $17.9亿
- 企业价值
- $16.9亿
- 最近财报
- Q4 '26 2026-07-27提交
- 下次财报
- 2026-11-02
营收(TTM)$5090万-13.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-27.8%-19.6 百分点 对比去年同期营业利润 -$1420万
净利润(TTM)-$713万-82.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$538万+56.6% 对比去年同期资本支出 $207万
稀释EPS(TTM)-$0.23-75.3% 对比去年同期最近4个季度之和
净现金$1.06亿+639.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $17.9亿 EV $16.9亿
- 营收
- $5090万 过去12个月
- 营收增速
- +170% FY2027年一致预期
- 净利润率
- -14.0% 净利润 / 营收,TTM
- P/E
- -238.7× 预期 72.4×(FY2027)
- P/S
- 35.2× 股价 / 营收,TTM
- EV / EBITDA
- -205.5× TTM
- 自由现金流
- -$538万 过去12个月
- 净利润
- -$713万 过去12个月
- 营收预期
- $1.35亿 FY2027年一致预期
- 盈利
- 2026-11-02
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长加速:同比40.2%Q4 '26营收$1980万,此前四个季度的平均值为-25.4%。
- 营业利润率-27.8%(TTM),较去年同期-19.6 百分点营收增长-13.7%,营业利润增长-194.1%。
- 资本支出占营收的4.1%(去年为8.5%)最近4个季度投入$207万(同比-58.6%)。自由现金流-$538万。
- 稀释股数一年内增加2.8%Q4 '26稀释股数3070万,一年前为2980万。
- 净现金 $1.06亿现金 + 短期投资 $1.16亿,含租赁债务 $988万;一年前净现金 $1440万。
上一季度:Q4 '26
截至2026-05-29的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q4 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $1980万 | $1410万 | +40.2% |
| 毛利率 | 40.6% | 30.3% | +10.3 百分点 |
| 营业利润 | -$99.3万 | -$234万 | +57.6% |
| 营业利润率 | -5.0% | -16.6% | +11.6 百分点 |
| 净利润 | $139万 | -$290万 | +148.0% |
| 稀释EPS | $0.05 | -$0.10 | +151.0% |
| 经营现金流 | $121万 | -$230万 | +152.6% |
| 资本支出 | $13.4万 | $282万 | -95.2% |
| 自由现金流 | $108万 | -$512万 | +121.0% |
| R&D | $365万 | $269万 | +35.7% |
| 股权激励费用 | $187万 | $142万 | +31.2% |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Contactors | $261万 | -78.4% | 23.8% | – | – | |
| Systems | $676万 | +11,173.3% | 61.7% | – | – | |
| Products | – | – | – | – | – | |
| Services | $159万 | +65.0% | 14.5% | – | – |
按地区划分的营收
占总额比例| 分部 | Q1 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Asia | $248万 | -80.3% | 22.6% | – | – | |
| United States | $481万 | +820.1% | 43.9% | – | – | |
| Europe | $368万 | +20,350.0% | 33.6% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$331万
- 资本支出
- -$207万
- 股票回购
- -$236万
- 股息
- $0
- 收购
- -$180万
- 债务净发行
- $0
- 股权激励费用
- $676万
- 自由现金流
- -$538万
- 股东回报 / FCF
- -44.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -238.7× | 32.3× 5年中的3年 | 10.0× – 63.5× |
| EV / EBITDA | -205.5× | 33.1× 5年中的3年 | 19.0× – 59.3× |
| EV / 营收 | 33.1× | 16.2× | 3.7× – 54.5× |
| 股价 / FCF | -333.5× | 211.7× 5年中的3年 | 106.1× – 329.4× |
| 股价 / 净资产 | 7.7× | 6.9× | 2.3× – 12.9× |
| FCF收益率 | -0.3% | -0.6% | -4.4% – 0.9% |
| 投入资本回报率 | -3.7% | 6.6% | -3.7% – 16.2% |
| 净资产收益率 | -4.7% | 12.2% | -3.2% – 29.7% |
分析师
一致目标价 $132.50 (+141.4%)
区间 $110.00 – $175.00 · 评级 Hold
强烈买入0
买入1
持有2
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $1.35亿 | +170.3% | $0.76 | +429.6% | 72.4× | 2 |
| FY2028 | $1.37亿 | +1.6% | $0.71 | -7.0% | 77.9× | 2 |
| FY2029 | $2.17亿 | +57.7% | $1.32 | +87.2% | 41.6× | 1 |
| FY2030 | $2.47亿 | +14.2% | $0.91 | -31.1% | 60.3× | 1 |
| FY2031 | $2.88亿 | +16.5% | $1.65 | +81.3% | 33.3× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Aehr Test Systems在近期10-Q / 10-K文件中标记的全部217项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | $1000 | – | – | |
| – | – | – | 0.0% | – | – | |
| Accounts Payable, Current | $675万 | $673万 | +0.4% | $675万 | $673万 | +0.4% |
| Accounts Receivable, after Allowance for Credit Loss | $1750万 | $1420万 | +23.1% | $1750万 | $1420万 | +23.1% |
| Accretion (Amortization) of Discounts and Premiums, Investments | – | – | – | $0 | $0 | – |
| Accrued Professional Fees, Current | $57.6万 | $43.6万 | +32.1% | $57.6万 | $43.6万 | +32.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $698万 | $547万 | +27.6% | $698万 | $547万 | +27.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$10.5万 | -$12.6万 | +16.7% | -$10.5万 | -$12.6万 | +16.7% |
| Additional Paid in Capital | $2.49亿 | $1.46亿 | +71.2% | $2.49亿 | $1.46亿 | +71.2% |
| Adjustments to Additional Paid in Capital, Fair Value | – | – | – | $70万2025-05-30 | – | – |
| Amortization of Intangible Assets | $30万 | $30万 | 0.0% | $120万 | $120万 | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | -8.2万 | 13.5万 | -160.7% | 177万 | 178万 | -0.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $188万 | $125万 | +50.0% | $683万 | $515万 | +32.6% |
| Asset Impairment Charges | – | – | – | $0 | $58.4万 | -100.0% |
| AssetAcquisitionConsiderationTransferred | – | – | – | $2220万2025-05-30 | – | – |
| Assets | $2.47亿 | $1.49亿 | +66.1% | $2.47亿 | $1.49亿 | +66.1% |
| Assets, Current | $1.84亿 | $8880万 | +107.8% | $1.84亿 | $8880万 | +107.8% |
| Business Combination, Acquisition Related Costs | – | – | – | $50万2025-05-30 | – | – |
| Capitalized Costs, Asset Retirement Costs | $40万2025-08-29 | $40万 | 0.0% | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $1.16亿 | $2450万 | +374.4% | $1.16亿 | $2450万 | +374.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.17亿 | $2650万 | +340.0% | $1.17亿 | $2650万 | +340.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $7940万 | -$488万 | +1,727.7% | $9000万 | -$2280万 | +494.4% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 7500万 | 7500万 | 0.0% | 7500万 | 7500万 | 0.0% |
| Common Stock, Shares, Issued | 3250万 | 2990万 | +8.7% | 3250万 | 2990万 | +8.7% |
| Common Stock, Shares, Outstanding | 3250万 | 2990万 | +8.7% | 3250万 | 2990万 | +8.7% |
| Common Stock, Value, Issued | $32.5万 | $29.9万 | +8.7% | $32.5万 | $29.9万 | +8.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $137万 | -$284万 | +148.2% | -$711万 | -$388万 | -83.2% |
| Construction in Progress, Gross | $40.5万 | $36.2万 | +11.9% | $40.5万 | $36.2万 | +11.9% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $190万 | $360万 | -47.2% | $190万 | $360万 | -47.2% |
| Contract with Customer, Liability | $520万 | $200万 | +160.0% | $520万 | $200万 | +160.0% |
| Contract with Customer, Liability, Revenue Recognized | $10万 | $10万 | 0.0% | $190万 | $130万 | +46.2% |
| Cost of Revenue | $1080万 | $982万 | +10.2% | $3240万 | $3500万 | -7.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $10.5万 | $3.3万 | +218.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $0 | $7000 | -100.0% |
| Customer Deposits, Current | $172万2026-02-27 | – | – | $125万2024-05-31 | $269万 | -53.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$417万 | -$40.9万 | -919.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Income Tax Assets, Net | $2380万 | $1910万 | +24.7% | $2380万 | $1910万 | +24.7% |
| Deferred Income Taxes and Tax Credits | -$195万 | -$12.8万 | -1,420.3% | -$472万 | -$42.1万 | -1,020.0% |
| Deferred Revenue | $63.8万 | $17.9万 | +256.4% | $63.8万 | $17.9万 | +256.4% |
| Deferred Revenue, Current | $519万 | $198万 | +162.1% | $519万 | $198万 | +162.1% |
| Deferred Revenue, Noncurrent | $3.4万 | $3.6万 | -5.6% | $3.4万 | $3.6万 | -5.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$54.5万 | -$1.2万 | -4,441.7% |
| Deferred Tax Assets, Gross | $2880万 | $2430万 | +18.6% | $2880万 | $2430万 | +18.6% |
| Deferred Tax Assets, Inventory | $115万 | $107万 | +7.8% | $115万 | $107万 | +7.8% |
| Deferred Tax Assets, Net | $2380万 | $1910万 | +24.7% | $2380万 | $1910万 | +24.7% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1330万 | $795万 | +67.5% | $1330万 | $795万 | +67.5% |
| Deferred Tax Assets, Other | $4.5万 | $2.8万 | +60.7% | $4.5万 | $2.8万 | +60.7% |
| Deferred Tax Assets, Tax Credit Carryforwards | $662万 | $668万 | -0.9% | $662万 | $668万 | -0.9% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Reserves | $157万 | $137万 | +14.8% | $157万 | $137万 | +14.8% |
| Deferred Tax Assets, Valuation Allowance | $0 | $0 | – | $0 | $0 | – |
| Deferred Tax Liabilities, Deferred Expense, Capitalized Research and Development Costs | $316万 | $429万 | -26.5% | $316万 | $429万 | -26.5% |
| Deferred Tax Liabilities, Intangible Assets | $222万 | $229万 | -2.7% | $222万 | $229万 | -2.7% |
| Deferred Tax Liabilities, Leasing Arrangements | $207万 | $204万 | +1.9% | $207万 | $204万 | +1.9% |
| Deferred Tax Liabilities, Other Finite-Lived Assets | $68.6万 | $86万 | -20.2% | $68.6万 | $86万 | -20.2% |
| Depreciation | $40万 | $40万 | 0.0% | $150万 | $100万 | +50.0% |
| Depreciation, Depletion and Amortization, Nonproduction | $68.9万 | $73.9万 | -6.8% | $280万 | $231万 | +21.1% |
| Earnings Per Share, Basic | $0.05 | -$0.10 | +150.0% | -$0.23 | -$0.13 | -76.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02