AEHR TEST SYSTEMS AEHR
AEHR TEST SYSTEMS (AEHR) earns a Piotroski F-score of 2/9 (weak financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2026 revenue was $50.0M at a -14.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-03-05 | Freedom Broker | Hold (main) |
| 2026-03-02 | William Blair | Outperform (up) |
| 2026-02-13 | Freedom Broker | Hold (main) |
| 2026-01-13 | Freedom Broker | Hold (main) |
| 2026-01-09 | Craig-Hallum | Hold (main) |
| 2025-12-17 | Lake Street | Buy (init) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 2/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.675 |
| Retained earnings / assets | -0.122 |
| EBIT / assets | -0.057 |
| Equity / liabilities | 8.075 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| AEHR | AEHR TEST SYSTEMS | 2/9 | 12.12 | — | -15.2% |
| FEIM | FREQUENCY ELECTRONICS INC | 3/9 | 3.56 | — | -9.4% |
| DAIO | DATA I/O CORP | 2/9 | 2.64 | — | -1.2% |
| MTMV | Motomova Inc | 1/9 | — | — | — |
| INTT | INTEST CORP | 4/9 | 4.89 | — | -12.9% |
| TRNS | TRANSCAT INC | 5/9 | 3.32 | 160.2 | +19.2% |
| COHU | COHU INC | 4/9 | 5.27 | — | +12.7% |
About AEHR TEST SYSTEMS
Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems in the United States, Asia, and Europe. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D, and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The company offers FOX-CP system, a low-cost single-wafer compact test solution for logic, memory, and photonic devices; and FOX WaferPak Contactor, a full wafer contactor capable of testing wafers up to 300mm that enables integrated circuit manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. In addition, it provides FOX DiePak Carrier, which allows testing, burning in, and stabilization of singulated bare die and modules; and FOX DiePak Loader. The company was incorporated in 1977 and is headquartered in Fremont, California.
FAQ
Is AEHR financially healthy?
AEHR TEST SYSTEMS's Piotroski F-score is 2/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does AEHR pay a dividend?
No, AEHR TEST SYSTEMS does not currently pay a dividend.
How profitable is AEHR?
In FY2026, AEHR TEST SYSTEMS had a net margin of -14.3% and a return on equity of -3.2%.
Is AEHR overvalued or undervalued?
AEHR TEST SYSTEMS trades at about 115.4× trailing earnings — above its 10-year norm (10-year range 10.0×–117.5×, median 53.8×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for AEHR?
The average Wall-Street price target for AEHR TEST SYSTEMS is $71.33, about 44.8% below the recent price, from 3 analysts (consensus: strong buy).
Is AEHR a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on AEHR TEST SYSTEMS: a Piotroski F-score of 2/9, an Altman Z″ in the safe zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2026-05-29. Facts plus Stocktoria's own computed scores — not investment advice.