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AEAEHR

Aehr Test Systems

Hot onWhy it's trendingX chatter spiked vs its recent normMoving on elevated volumeBullish-leaning chatter
$AEHR·$2.5B·Semiconductors·Technology
$81.05-3.7%YTD+285.6%1Y+423.6%
Mentions · last 7 days
2026-07-11: 144 posts2026-07-12: 234 posts2026-07-13: 295 posts2026-07-14: 719 posts2026-07-15: 1,441 posts2026-07-16: 201 posts2026-07-17: 82 posts3,161+74%
Price updated 7h ago·X counts updated 7h ago
AEAEHR
$AEHRAehr Test Systems
$81.05-3.74%3.2k posts+74%
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 hypeAcceleratingAI verdict · as of 2026-07-16

The move is getting stronger, with heavier trading behind it.

Silicon-photonics burn-in orders just validated the pivot away from SiC — but at 68x sales, the tape can't miss again.

Aehr Test Systems is the small-cap semiconductor burn-in and test specialist whose story just pivoted decisively from the SiC electric-vehicle wave to the silicon-photonics wave. A fresh follow-on production order from its lead photonics customer triggered a 22% single-day pop.

  • The photonics order changes the customer-concentration story: the follow-on FOX-XP multi-wafer WLBI system (up to nine 300mm wafers in parallel) is real production-scale revenue, and the William Blair customer-pipeline shortlist (Cisco, Broadcom, Marvell, Coherent) suggests the photonics ramp isn't one-customer.
  • Fundamentals are still catching up: Q3 FY26 revenue fell 44% YoY to $10.3M (a hangover from the SiC air-pocket), gross margin sits at 33%, and operating margin is minus 41% — still burning to fund the pivot, and today's $87 print puts it at 68x trailing sales.
  • Insider action is heavy but signal-neutral: CEO Erickson and multiple officers had F-InKind tax-withhold sales worth ~$1M cumulative on July 13-14 (RSU vests, not open-market), while options director Rogers converted $1.6-strike options — RSU-machine harvesting into the pop, not top-tick distribution.

The October 5 Q1 FY27 print is the next real test — an FY27 revenue guide above the analyst $50M FY26 base plus any named additional photonics customer justifies the multiple expansion. A guide-down or a signal this stays one-customer resets the multiple hard from 68x sales.

Agrees with X sentimentX is bullish on the FOX-XP photonics production order and the William Blair customer-pipeline read-through, and the mechanics support the enthusiasm on trajectory: a real production order plus the AI/optical thematic backdrop are exactly what the growth-into-new-vertical story needs. The tension X underweights: at 68x trailing sales with -41% operating margin, the multiple has priced in a fair chunk of the second customer already, and the tax-withhold insider flow at $72 shows RSU-machine liquidity is uncomfortable this high.

What to watch: The October 5 Q1 FY27 earnings. Watch FY27 revenue guide vs the $85M consensus, specifically named additional photonics customers, and operating-margin recovery from -41%. Any hint the FOX-XP photonics ramp is single-customer resets the multiple; a second named customer extends the setup.

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.

Bullish sentiment40 posts analyzed · as of 2026-07-17

Aehr Test Systems delivered a blowout print: FY2027 revenue guidance of $130-150M implies 160-200% growth, and management explicitly framed this as conservative because it excludes memory revenue and a newly benchmarked customer. The stock spiked as much as +40-50% intraday, then faded to a still-strong +22-30% close. Freedom Broker upgraded to Buy with a $110 target, treating the guide as a firm conversion schedule backed by record bookings. Bulls extend the thesis to the silicon-photonics customer ramp with follow-on orders, ISE Labs/ASE burn-in partnership with Sonoma and FOX platforms, and $TRT-linked burn-in-board supply. The most notable skepticism is trader-side: the fade off the highs punished chasers at $107-108.

Read the AI verdict + X sentiment for $AEHR

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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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

No material change from last week — structural AI capex engine unchanged: hyperscaler Blackwell allocation stays tight through 2H26 and HBM3e pricing holds as LLM context-window expansion drives 5-8x per-server memory demand uplift.

What this means for $AEHR

Partial — Makes wafer-level burn-in test systems for silicon carbide semiconductors used in EV powertrains and charging infrastructure; this segment overlaps with the AI capex and HBM/compute demand cycle but is not the dominant revenue driver.

Top industry ETF

$SMHVanEck Semiconductor ETF
+50.8%YTD
+90.8%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

5-year forecast · up to 3 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$49.9M$48.4M – $51.2M-$0.13-$0.14 – -$0.133
FY27$85.1M$82.6M – $87.4M$0.15$0.15 – $0.163
FY28$123.5M$122.1M – $124.8M$0.30$0.29 – $0.311
FY29$159.4M$154.7M – $163.8M$0.96$0.92 – $0.991
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.2.1×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.59%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.-14.0%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.+60.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 29.7M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today17.1% 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.β3.185-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.

Insider activity

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

Recent transactions

SellJul 16Scott Geoffrey GatesDirector20.0K sh$1.6MSellMay 14Chris SiuCFO2.1K sh$222KSellMay 13Howard T SlayenDirector6.8K sh$714KSellApr 22Rhea J PosedelDirector17.7K sh$1.8MSellApr 22Alistair N SporckVP Contactor Business Unit2.0K sh$187KSellApr 21Alberto SalamoneEVP, PPBI BUSINESS15.0K sh$1.4MSellApr 21Rhea J PosedelDirector8.8K sh$844KSellApr 21Vernon RogersExec VP of Sales & Mktg.6.5K sh$610KSellApr 21Scott Geoffrey GatesDirector60.0K sh$5.7MSellApr 20Alberto SalamoneEVP, PPBI BUSINESS15.0K sh$1.3M
1–10 of 27
+ 60 other (40 inkinds · 13 awards · 4 gifts · 3 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
Free, forever. No credit card.

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

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.

+ 6 other (3 13Gs · 1 earnings 8-K · 1 routine 8-K · 1 10-Q) in window

Recent news

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

Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growthmarketbeat.com·17h agoHere's Why Aehr Test Systems Surged Higher This Weekfool.com·22h agoWhy Aehr Test Systems Stock Surged Todayfool.com·2d agoAehr Test Systems: The Earnings Reset Is Bigger Than The Rallyseekingalpha.com·3d agoWhy investors should consider selling AEHR stock on post-earnings rallyinvezz.com·3d ago

In themes

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

Best PerformersSemiconductor 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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