Aehr Test Systems (AEHR) Income Statement
AEHR FY2026 at a glance
Fiscal year ended May 31, 2026 · U.S. dollarsAEHR revenue and net income
Where AEHR's revenue goes
FY2026Each bar shows an amount and its share of revenue. AEHR kept −14.3% of revenue as net income.
AEHR profit margins
AEHR growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −15.2% | −8.4% | +24.7% | +13.2% |
| Gross profit | −26.2% | −18.6% | +24.0% | +13.1% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −120.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AEHR quarterly EPS vs estimates
Aehr Test Systems beat the analyst EPS estimate in 6 of the last 8 quarters.
AEHR income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.0M | $59.0M | $66.2M | $65.0M | $50.8M | $16.6M | $22.3M | $21.1M | $29.6M | $18.9M |
| Cost of revenue | $32.4M | $35.0M | $33.7M | $32.2M | $27.2M | $10.6M | $13.9M | $13.5M | $17.2M | $12.1M |
| Gross profit | $17.7M | $23.9M | $32.5M | $32.7M | $23.7M | $6.0M | $8.4M | $7.6M | $12.4M | $6.8M |
| Research & development | $12.6M | $10.5M | $8.7M | $7.1M | $5.8M | $3.7M | $3.4M | $4.2M | $4.2M | $4.7M |
| Sales, general & admin | $19.2M | $18.3M | $13.7M | $12.2M | $10.0M | $6.6M | $7.5M | $7.7M | $7.3M | $7.1M |
| Total operating expenses | $31.8M | $28.2M | $22.5M | $19.4M | $15.9M | $10.2M | $10.9M | $11.9M | $11.5M | $11.7M |
| Operating income | −$14.1M | −$4.3M | $10.1M | $13.4M | $7.8M | −$4.2M | −$2.5M | −$4.3M | $915,000 | −$4.9M |
| Interest income | $1.4M | $1.4M | $2.4M | $1.2M | $45,000 | $157,000 | — | $252,000 | $399,000 | $678,000 |
| Interest expense | — | — | — | $1.2M | $13,000 | $46,000 | $10,000 | $252,000 | $399,000 | $678,000 |
| Income before taxes | −$11.7M | −$4.3M | $12.5M | $14.6M | $9.5M | −$2.2M | −$2.8M | −$5.2M | $455,000 | −$5.6M |
| Income taxes | −$4.6M | −$381,000 | −$20.7M | $60,000 | $91,000 | −$177,000 | $36,000 | $27,000 | −$73,000 | $25,000 |
| Net income | −$7.1M | −$3.9M | $33.2M | $14.6M | $9.4M | −$2.0M | −$2.8M | −$5.2M | $528,000 | −$5.7M |
| EBITDA | −$8.2M | −$903,000 | $13.8M | $13.8M | $9.8M | −$1.8M | −$2.4M | −$4.5M | $1.3M | −$4.7M |
| EPS (diluted) | −$0.03 | $0.15 | $1.22 | $0.60 | $0.40 | −$0.14 | −$0.12 | −$0.13 | $0.07 | −$0.33 |
| Gross margin | 35.3% | 40.6% | 49.1% | 50.4% | 46.6% | 36.3% | 37.6% | 36.1% | 41.9% | 35.9% |
| Operating margin | −28.3% | −7.3% | 15.2% | 20.6% | 15.3% | −25.2% | −11.4% | −20.3% | 3.1% | −26.1% |
| Net margin | −14.3% | −6.6% | 50.1% | 22.4% | 18.6% | −12.2% | −12.6% | −24.9% | 1.8% | −29.9% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.8M | $10.3M | $9.9M | $11.0M | $14.1M | $18.3M | $13.5M | $13.1M | $16.6M | $7.6M | $21.4M | $20.6M |
| Cost of revenue | $11.7M | $6.9M | $7.3M | $7.2M | $9.8M | $11.1M | $8.1M | $6.0M | $8.2M | $4.4M | $10.5M | $10.6M |
| Gross profit | $8.0M | $3.4M | $2.5M | $3.7M | $4.3M | $7.2M | $5.4M | $7.1M | $8.4M | $3.2M | $11.0M | $10.0M |
| Research & development | $3.6M | $3.2M | $3.0M | $2.8M | $2.7M | $3.1M | $2.3M | $2.4M | $2.2M | $2.1M | $2.0M | $2.5M |
| Sales, general & admin | $5.6M | $4.4M | $4.4M | $4.7M | $3.9M | $5.2M | $4.6M | $4.6M | $3.8M | $3.1M | $3.5M | $3.4M |
| Total operating expenses | $9.0M | $7.6M | $7.4M | $7.8M | $6.6M | $8.3M | $6.9M | $6.9M | $5.9M | $5.2M | $5.5M | $5.9M |
| Operating income | −$993,000 | −$4.2M | −$4.9M | −$4.1M | −$2.3M | −$1.1M | −$1.5M | $159,000 | $2.5M | −$2.0M | $5.5M | $4.1M |
| Interest income | $748,000 | $240,000 | $194,000 | $179,000 | $222,000 | $270,000 | $228,000 | $681,000 | $592,000 | $584,000 | $631,000 | $581,000 |
| Income before taxes | −$461,000 | −$4.0M | −$4.4M | −$2.8M | −$3.0M | −$874,000 | −$1.2M | $814,000 | $3.1M | −$1.5M | $6.1M | $4.7M |
| Income taxes | −$1.9M | −$798,000 | −$1.2M | −$752,000 | −$87,000 | −$231,000 | −$217,000 | $154,000 | −$20.7M | $7,000 | $20,000 | $16,000 |
| Net income | $1.4M | −$3.2M | −$3.2M | −$2.1M | −$2.9M | −$643,000 | −$1.0M | $660,000 | $23.9M | −$1.5M | $6.1M | $4.7M |
| EBITDA | $1.4M | −$3.1M | −$3.6M | −$2.9M | −$2.0M | $35,000 | −$352,000 | $1.4M | $3.5M | −$1.1M | $6.3M | $4.8M |
| EPS (diluted) | $0.05 | −$0.05 | −$0.04 | $0.01 | −$0.01 | $0.07 | $0.02 | $0.07 | $0.84 | −$0.03 | $0.23 | $0.18 |
| Gross margin | 40.6% | 32.7% | 25.7% | 33.9% | 30.3% | 39.2% | 40.1% | 54.0% | 50.9% | 41.7% | 51.1% | 48.4% |
| Operating margin | −5.0% | −41.0% | −49.2% | −37.1% | −16.6% | −6.1% | −11.2% | 1.2% | 15.3% | −27.1% | 25.5% | 20.0% |
| Net margin | 7.0% | −31.1% | −32.7% | −19.0% | −20.6% | −3.5% | −7.6% | 5.0% | 143.8% | −19.4% | 28.4% | 22.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AEHR's financial statements (latest annual report filed July 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AEHR financial results
In fiscal year 2026 (ended May 31, 2026), Aehr Test Systems reported revenue of $50.0 million, down 15.2% from the year before. It had a net loss of $7.1 million, a net profit margin of −14.3%. Diluted earnings per share came to −$0.03. Over five years revenue grew at an average rate of 24.7% a year.
See the AEHR stock overview for the latest quote and news, or the AEHR chart for price history and technical indicators.
AEHR income statement FAQ
What is Aehr Test Systems's annual revenue?
Aehr Test Systems reported total revenue of $50.0 million for fiscal year 2026, which ended on May 31, 2026. That was down 15.2% from $59.0 million the previous year.
Is Aehr Test Systems profitable?
No. Aehr Test Systems reported a net loss of $7.1 million in fiscal 2026, a net profit margin of −14.3%; its operating margin was −28.3%.
What is Aehr Test Systems's gross margin?
Aehr Test Systems's gross margin was 35.3% in fiscal 2026: for every $100 of revenue, Aehr Test Systems kept $35 after the direct cost of its products and services.
How much does Aehr Test Systems spend on research and development?
Aehr Test Systems spent $12.6 million on research and development in fiscal 2026, 25.3% of revenue.
How fast is Aehr Test Systems growing?
Revenue grew 24.7% a year on average over the last five fiscal years, from $16.6 million to $50.0 million.
What are Aehr Test Systems's earnings per share?
Aehr Test Systems earned $-0.03 per diluted share in fiscal 2026, compared with $0.15 a year earlier.
When does Aehr Test Systems's fiscal year end?
Aehr Test Systems's fiscal year ends in May. The latest annual report covers the year ended May 31, 2026 and was filed on July 27, 2026.