AEHR · Aehr Test Systems
5 customers — 70% of revenue (fiscal 2026)
“Revenues from the Company's five largest customers accounted for approximately 70%, 77%, and 93% of its net revenues in fiscal 2026, 2025, and 2024, respectively.”
One customer — 26% of revenue (fiscal 2026)
“During fiscal 2026, three customers accounted for approximately 26%, 14% and 11% of the Company's net revenues.”
One customer — 14% of revenue (fiscal 2026)
“During fiscal 2026, three customers accounted for approximately 26%, 14% and 11% of the Company's net revenues.”
One customer — 11% of revenue (fiscal 2026)
“During fiscal 2026, three customers accounted for approximately 26%, 14% and 11% of the Company's net revenues.”
5 customers — 77% of revenue (fiscal 2025)
“Revenues from the Company's five largest customers accounted for approximately 70%, 77%, and 93% of its net revenues in fiscal 2026, 2025, and 2024, respectively.”
One customer — 39% of revenue (fiscal 2025)
“During fiscal 2025, two customers accounted for approximately 39% and 15% of the Company's net revenues.”
One customer — 15% of revenue (fiscal 2025)
“During fiscal 2025, two customers accounted for approximately 39% and 15% of the Company's net revenues.”
5 customers — 93% of revenue (fiscal 2024)
“Revenues from the Company's five largest customers accounted for approximately 70%, 77%, and 93% of its net revenues in fiscal 2026, 2025, and 2024, respectively.”
One customer — 67% of revenue (fiscal 2024)
“During fiscal 2024, two customers accounted for approximately 67% and 17% of the Company's net revenues.”
One customer — 17% of revenue (fiscal 2024)
“During fiscal 2024, two customers accounted for approximately 67% and 17% of the Company's net revenues.”
Price & Indicators
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TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Backlog | $80.6M | as of May 29, 2026 | — |
| Bookings | $60.7M | Q4 FY2026 | — |
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| Effective backlog | $100.6M | as of May 29, 2026 | — |
| Non-GAAP gross profit non-GAAP | 19.25M | Year Ended May 29, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP gross profit 17.65M
+792K Stock-based compensation expense
+808K Acquisition-related adjustments
= Non-GAAP gross profit 19.25M
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| Non-GAAP income (loss) before income tax benefit non-GAAP | -3.7M | Year Ended May 29, 2026 | — |
| Non-GAAP income (loss) from operations non-GAAP | -6.15M | Year Ended May 29, 2026 | — |
| Non-GAAP income (loss) per diluted share non-GAAP | $0.03 | Year Ended May 29, 2026 | — |
| Non-GAAP net income (loss) non-GAAP | 910K | Year Ended May 29, 2026 | — |
| Non-GAAP operating expenses non-GAAP | 25.4M | Year Ended May 29, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP operating expenses 31.8M
-5.97M Stock-based compensation expense
-422K Acquisition-related adjustments
-6K Restructuring charges
+0K Officer severance benefits
+0K Acquisition-related costs
= Non-GAAP operating expenses 25.4M
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| Effective backlog, including bookings since February 27, 2026 | $50.9M | Q3 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Semiconductor Equipment & Materials — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AEHR
this stock
Aehr Test Systems
|
$3.46B | +424.9% | +1.9% | — | 13.2% |
|
ASML
Asml Holding NV
|
$672.29B | +63.6% | — | — | 0.3% |
|
AMAT
Applied Materials Inc /De
|
$393.97B | +93.1% | -12.6% | 46.7 | 1.8% |
|
LRCX
Lam Research Corp
|
$384.37B | +81.4% | +51.7% | 53.3 | 2.2% |
|
KLAC
Kla Corp
|
$244.68B | — | +11.7% | 51.2 | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AEHR | -14.1% | +19.7% | +183.1% | +32.5% | +424.9% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | -12.1% | +16.4% | +172.0% | +30.4% | +413.0% |