Aehr Test Systems income statement
In fiscal 2026, Aehr Test Systems reported revenue of $50.0m, down 15.2% on the year before, operating income of −$14.1m (a -28.3% margin) and net income of −$7.1m, or −$0.23 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010May 2010 | 2011May 2011 | 2012May 2012 | 2013May 2013 | 2014May 2014 | 2015May 2015 | 2016May 2016 | 2017May 2017 | 2018May 2018 | 2019May 2019 | 2020May 2020 | 2021May 2021 | 2022May 2022 | 2023May 2023 | 2024May 2024 | 2025May 2025 | 2026May 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 14 | 16 | 16 | 20 | 10 | 15 | 19 | 30 | 21 | 22 | 17 | 51 | 65 | 66 | 59 | 50 |
| Cost of revenue | 6 | 8 | 9 | 10 | 9 | 6 | 9 | 12 | 17 | 13 | 14 | 11 | 27 | 32 | 34 | 35 | 32 |
| Gross profit | 6 | 6 | 6 | 7 | 10 | 4 | 5 | 7 | 12 | 8 | 8 | 6 | 24 | 33 | 33 | 24 | 18 |
| Research and development | 5 | 5 | 4 | 3 | 3 | 4 | 4 | 5 | 4 | 4 | 3 | 4 | 6 | 7 | 9 | 10 | 13 |
| Selling, general and administrative | 6 | 6 | 7 | 7 | 6 | 6 | 7 | 7 | 7 | 8 | 8 | 7 | 10 | 12 | 14 | 18 | 19 |
| Operating income | −1 | −4 | −5 | −3 | 0 | −7 | −6 | −5 | 1 | −5 | −3 | −4 | 8 | 13 | 10 | −6 | −14 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | — | — | — | — | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | −0 | −0 | 0 | −0 | 0 | 1 | 2 | 1 | 1 |
| Income before tax | −1 | −3 | −3 | −3 | 0 | −7 | −7 | −6 | 0 | −5 | −3 | −2 | 10 | 15 | 12 | −4 | −12 |
| Income tax | −0 | −0 | −0 | 0 | −0 | 0 | 0 | 0 | −0 | 0 | −0 | −0 | 0 | 0 | −21 | −0 | −5 |
| Net income | −0 | −3 | −3 | −3 | 0 | −7 | −7 | −6 | 1 | −5 | −3 | −2 | 9 | 15 | 33 | −4 | −7 |
| Diluted EPS | −$0.06 | −$0.39 | −$0.38 | −$0.36 | $0.04 | −$0.55 | −$0.52 | −$0.35 | $0.02 | −$0.23 | −$0.12 | −$0.09 | $0.34 | $0.50 | $1.12 | −$0.13 | −$0.23 |
| Diluted shares (average) | 9m | 9m | 9m | 10m | 12m | 12m | 13m | 16m | 23m | 22m | 23m | 23m | 28m | 29m | 30m | 30m | 31m |
| EBITDA | −0 | −4 | −4 | −3 | 1 | −7 | −6 | −5 | 1 | −5 | −2 | −4 | 8 | 14 | 11 | −3 | −11 |
| Quarter | 2025 Q1Aug 2024 | 2025 Q2Nov 2024 | 2025 Q3Feb 2025 | 2025 Q4May 2025 | 2026 Q1Aug 2025 | 2026 Q2Nov 2025 | 2026 Q3Feb 2026 | 2026 Q4May 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 13 | 18 | 14 | 11 | 10 | 10 | 19 |
| Cost of revenue | 6 | 8 | 11 | 10 | 7 | 7 | 7 | 11 |
| Gross profit | 7 | 5 | 7 | 4 | 4 | 3 | 3 | 8 |
| Research and development | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 |
| Selling, general and administrative | 5 | 5 | 5 | 4 | 5 | 4 | 4 | 6 |
| Operating income | 0 | −2 | −1 | −3 | −4 | −5 | −4 | −1 |
| Net interest income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Income before tax | 1 | −1 | −1 | −3 | −3 | −4 | −4 | −0 |
| Income tax | 0 | −0 | −0 | −0 | −1 | −1 | −1 | −2 |
| Net income | 1 | −1 | −1 | −3 | −2 | −3 | −3 | 1 |
| Diluted EPS | $0.02 | −$0.03 | −$0.02 | −$0.10 | −$0.07 | −$0.11 | −$0.10 | $0.05 |
| EBITDA | 1 | −1 | −1 | −2 | −3 | −4 | −4 | −1 |
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