Aehr Test Systems (AEHR) Financial Statements & Analysis

Aehr Test Systems Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Aehr Test Systems, Inc. income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Revenue & Gross Profit
Revenue	50.00	58.97	66.22	64.96	50.83	16.60	22.29	21.06	29.56	18.90
Cost of Revenue	32.35	35.04	33.68	32.22	27.16	10.57	13.92	13.45	17.17	12.12
Gross Profit	17.65	23.93	32.54	32.75	23.67	6.03	8.37	7.60	12.39	6.78
Operating Expenses
Research & Development	12.63	10.46	8.72	7.13	5.82	3.65	3.39	4.15	4.18	4.66
Selling, General & Administrative	19.16	18.28	13.75	12.24	10.05	6.56	7.53	7.72	7.29	7.05
Operating Expenses	31.80	28.75	22.47	19.37	15.87	10.21	10.92	11.88	11.47	11.71
Operating Income	-14.15	-4.81	10.08	13.38	7.80	-4.18	-2.55	-4.28	0.92	-4.93
Other Income/Expense
Interest Income	1.36	1.40	2.39	1.25	0.01	0.00	0.01	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	-0.05	0.00	0.25	0.40	0.68
Other Income/Expense	2.41	-0.88	2.38	0.00	1.73	1.98	-0.22	-0.93	-0.46	-0.70
Income
Income Before Tax	-11.74	-4.29	12.46	14.62	9.54	-2.20	-2.77	-5.21	0.46	-5.63
Income Tax Expense	-4.61	-0.38	-20.70	0.06	0.09	0.18	0.04	0.03	-0.07	0.03
Net Income	-7.13	-3.91	33.16	14.56	9.45	-2.03	-2.80	-5.24	0.53	-5.65
Net Income - Continuous Operations	-7.13	-3.91	33.16	14.56	9.45	-2.03	-2.80	-5.24	0.53	-5.65
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	-11.74	-1.43	13.82	14.47	8.85	-3.85	-2.38	-4.53	1.27	-4.68
EBIT	-14.14	-4.81	10.08	13.38	7.80	-4.18	-	-	-	-
Depreciation & Amortization	0.00	3.39	1.36	1.10	1.05	0.33	0.38	0.43	0.42	0.27
Earnings Per Share
Basic EPS	-	-	1.00	1.00	-	-	-	-	-	-
Diluted EPS	-	-	1.00	1.00	-	-	-	-	-	-
Basic Shares Outstanding	30.67	29.58	28.82	27.79	26.01	23.46	22.88	22.39	21.73	16.27
Diluted Shares Outstanding	30.67	29.58	29.62	29.22	27.77	23.46	22.88	22.39	22.78	16.27

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About Aehr Test Systems Financial Statements

What was Aehr Test Systems's revenue in fiscal 2026?

Aehr Test Systems reported revenue of $50.00M in fiscal 2026 (fiscal year ended May 31, 2026). That was down 15.2% from $58.97M a year earlier.

Is Aehr Test Systems profitable?

No. Aehr Test Systems reported a net loss of $7.13M in fiscal 2026. In fiscal 2025 it lost $3.91M.

What is Aehr Test Systems's operating margin?

Aehr Test Systems's operating income was −$14.15M on revenue of $50.00M in fiscal 2026, an operating margin of -28.3%, compared with -8.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition