Aehr Test Systems (AEHR)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from AEHR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Aehr Test Systems's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $51M | $65M | $66M | $59M | $50M |
| Net income | $9M | $15M | $33M | -$4M | -$7M |
| Free cash flow | $1M | $9M | $1M | -$12M | -$5M |
| EPS (diluted) | $0.34 | $0.50 | $1.12 | -$0.13 | -$0.23 |
| Operating margin | 15.3% | 20.6% | 15.2% | -9.6% | -28.3% |
Where the revenue comes from
Revenue by products, fiscal 2026. Every breakdown, year by year.
Superinvestors who own AEHR
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $930,341 | 0.0% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $699,317 | 0.01% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
New position | $228,623 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Aehr Test Systems's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Aehr Test Systems insiders buying the stock?
No open-market insider purchases of AEHR in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Aehr Test Systems?
3 of the superinvestors Investingly tracks hold AEHR in their latest 13F, including Cliff Asness, Murray Stahl, Joel Greenblatt.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.