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AEAEHR

Aehr Test Systems

$AEHR·$3.4B·Semiconductors·Technology
$79.27-1.9%YTD+422.8%1Y+218.6%
Mentions · last 7 days
2026-08-22: 23 posts2026-08-23: 34 posts2026-08-24: 51 posts453+4%
Price updated 14h ago·X counts updated 8d ago
AEAEHR
$AEHRAehr Test Systems
$79.27-1.91%453 posts+4%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $AEHR, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeSelling offAI verdict · as of 2026-08-29

Falling on heavy selling — points lower unless it turns around.

Aehr backlog just went hyperscaler-scale on a $41M AI burn-in order — but insiders sold ~$3.7M into the run and the chart broke this week.

Aehr Test Systems makes semiconductor wafer-level test and burn-in equipment — the machinery that qualifies chips before they ship, now increasingly used for AI accelerators. The setup is a story stock where the backlog turned but the chart just broke.

  • The backlog step-change is genuinely large: management flagged a record ~$100.6M effective backlog against $50M of trailing revenue, anchored by an all-time-large $41M hyperscaler order for AI accelerator burn-in — the sell side now models ~$126M in FY27 revenue (2.5x TTM), and Wall Street's high target sits at $175.
  • The insider signal is the loud negative: officers and directors sold ~$3.7M combined between August 13-17 — CEO Rogers ($847K across two days), Slayen ($758K), Posedel ($836K), Salamone ($1.24M) — a coordinated cluster into a stock that had run to ~$150, and the tape immediately broke -32-37% over seven sessions to the current ~$81.
  • The tape is genuinely damaged: the stock is down ~10.7% today alone as part of a semiconductor-test-equipment group selloff (Teradyne, FormFactor down 5-6%), and Algert Global's fresh $7.9M position is the only bullish tell against the insider cluster and group weakness.

The setup is a real backlog-driven story with a damaged chart and heavy insider selling — the October 5 fiscal Q1 print is the referee. A clean beat with hyperscaler-order revenue on the tape breaks the break-down; another quarter of soft realized revenue (Q3 was $10.3M, -44% YoY), or another cluster of officer selling, confirms the tape's read. Support around $75-80 is what the range traders are watching.

Agrees with X sentimentThe X sample's mixed read — bulls' $100.6M backlog, $41M hyperscaler AI accelerator burn-in order, and $175 high target vs. the concession that "the chart is damaged" and executives ramped selling above $120 — is factually consistent. The bears are right about the tape and the insider selling; the bulls are right about the fundamentals. The referee is the print.

What to watch: The October 5 fiscal Q1 earnings — need hyperscaler-order revenue actually on the tape, reiterated FY27 revenue guide toward ~$126M, and a stopped-out insider selling pattern. Another cluster of officer sales or a soft Q1 revenue print confirms the break-down; a clean beat with realized hyperscaler revenue reverses it.

On the calendar: 2026-10-05 — Q1 FY27 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment35 posts analyzed · as of 2026-08-31

Sentiment is split between whiplashed swing traders and long-term conviction holders. After a roughly 35% drop in seven days off the $147 high, one camp calls the action a "clown show" and eyes $75 as the next stop. The other says the 2x-revenue backlog and expansion into HBM, silicon photonics and XPU burn-in make this an obvious add-on-weakness name for the AI-infrastructure thesis.

Read the AI verdict + X sentiment for $AEHR

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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes wafer-level burn-in test systems for silicon carbide semiconductors used in EV powertrains and charging infrastructure.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $AEHR.

Semiconductors · Technology

Hyperscaler AI capex keeps Blackwell allocation tight and HBM3e pricing firm; NVDA's data-center backlog and AVGO's networking wins confirm the cycle is not peaking. LLM context-window expansion — the structural demand pull — extends through at least 2H26.

What this means for $AEHR

Direct beneficiary — semiconductor products are directly in the AI capex supply chain; Aehr Test Systems, founded in 1977 and based in Fremont, California, specializes in the global provision of advanced bur.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+94.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-264.7How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-8.3%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-34.3%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-0.4%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
68.4Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-8.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
30.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 14, 2026$0.11$-0.01+1200.0%
Q1 2026Apr 7, 2026$-0.05$-0.07+28.6%
Q4 2025Jan 8, 2026$-0.04$-0.08+50.0%
Q3 2025Oct 6, 2025$0.01$0.010.0%
Next earningsMon, Oct 5·consensus EPS $0.10

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q3 FY26$10.3M-43.7%32.7%-41.0%$-0.10$-2.9M
Q2 FY26$9.9M-26.5%25.7%-49.2%$-0.11$-1.9M
Q1 FY26$11.0M-16.4%33.9%-37.1%$-0.07$-1.7M
Q4 FY25$14.1M-15.1%30.3%-16.6%$-0.10$-5.1M

Forward consensus

10-year forecast · up to 3 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$49.9M$48.8M – $51.1M-$0.13-$0.14 – -$0.132
FY26$49.9M$48.4M – $51.2M-$0.13-$0.14 – -$0.133
FY27$125.9M$123.3M – $129.0M$0.63$0.61 – $0.651
FY27$85.1M$82.6M – $87.4M$0.15$0.15 – $0.163
FY28$211.3M$206.9M – $216.5M$1.38$1.35 – $1.432
FY28$123.5M$122.1M – $124.8M$0.30$0.29 – $0.311
FY29$275.6M$269.8M – $282.3M$2.27$2.21 – $2.341
FY29$159.4M$154.7M – $163.8M$0.96$0.92 – $0.991
FY30$196.1M$192.0M – $200.9M$1.14$1.11 – $1.181
FY30$196.1M$190.2M – $201.4M$1.14$1.10 – $1.181

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.9×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.47%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-14.4%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+28.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 30.8M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today7.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β3.095-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 17Vernon RogersExec VP of Sales & Mktg.4.0K sh$574KSellAug 14Vernon RogersExec VP of Sales & Mktg.2.0K sh$273KSellAug 14Howard T SlayenDirector5.7K sh$758KSellAug 14Rhea J PosedelDirector6.0K sh$836KSellAug 13Alberto SalamoneEVP, PPBI BUSINESS9.7K sh$1.2MSellAug 12Scott Geoffrey GatesDirector20.0K sh$2.6MSellAug 12Adil EngineerCOO15.0K sh$2.0MSellAug 12Laura OliphantDirector1.7K sh$228KSellAug 12Gayn EricksonCEO40.0K sh$5.2MSellAug 12Rhea J PosedelDirector8.4K sh$1.1M
1–10 of 40
+ 73 other (47 inkinds · 13 awards · 9 gifts · 4 exempts) in window

See when $AEHR insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

S-3ASRAuto-shelf registrationJul 27S-3ASR
AI summary

Aehr Test Systems (California; Fremont, CA), a semiconductor wafer-level test and burn-in equipment company, filed an automatic shelf registration (S-3ASR) on July 27, 2026, establishing the ability to issue securities on a delayed or continuous basis. As an S-3ASR, the registration became effective immediately upon filing. No specific dollar amount or securities type is stated in the excerpt; the shelf enables future equity or debt issuances as market conditions allow.

8-KMaterial agreementApr 88-K — Item 1.01: Material agreement
AI summary

AEHR entered into a equity distribution agreement (8-K Item 1.01, dated 2026-04-08). Size: approximately $60,000,000. Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

424B5Prospectus supplement (offering)Apr 8424B5
AI summary

AEHR filed a 424B5 prospectus supplement dated 2026-04-08, representing an active capital markets transaction. Priced at $52.16 per share. This represents immediate dilution to existing shareholders.

8-KCharter amendmentApr 78-K — Item 2.02: Earnings release · Item 5.03: Charter amendment
AI summary

AEHR reported third quarter ended February 27, 2026. A copy of the financial results (8-K Item 2.02). Investors should review the full earnings press release and any management guidance for forward outlook.

+ 9 other (5 13Gs · 1 10-K · 1 earnings 8-K · 1 routine 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Aehr Test Systems Insider Sells $847,000 Worth of Stockfool.com·22h agoAEHR vs. COHU: Which Semiconductor Equipment Stock Is The Better Buy?zacks.com·23h agoAlgert Global LLC Takes $7.90 Million Position in Aehr Test Systems $AEHRdefenseworld.net·5d agoAehr Test Systems to Participate in the Jefferies Semiconductor, IT Hardware & Communications Technology Conference on August 25, 2026accessnewswire.com·11d agoAehr Test Systems Sinks 10%, Teradyne Falls 5%, FormFactor Drops 6%: What's Hitting These Semiconductor Test Equipment Stocks?247wallst.com·13d ago

In themes

Explore the broader themes this ticker is being talked about under.

Semiconductor OnshoringAdvanced Packaging & AI InterconnectAI Power Delivery

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Voices on X · top 15 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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