Company overview
What does AEHR TEST SYSTEMS do?
AEHR TEST SYSTEMS (AEHR) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 3825 (Instruments For Meas & Testing of Electricity & Elec Signals).
What does AEHR TEST SYSTEMS do?
AEHR TEST SYSTEMS (AEHR) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 3825 (Instruments For Meas & Testing of Electricity & Elec Signals).
What industry is AEHR TEST SYSTEMS in?
Technology · Instruments For Meas & Testing of Electricity & Elec Signals
What was AEHR TEST SYSTEMS's latest reported revenue?
$10.3M for Q1 2026, from 10-Q filed Apr 8, 2026.
What changed in the latest comparable period?
Revenue declined -43.7% ($18.3M to $10.3M; Q1 2025 vs Q1 2026).
Business model (from the public record)
Belvedere describes the business using the issuer’s SEC classification and the company description extracted from public filings. Segment mix, customer identity, and recurring-versus-transactional revenue are shown only when those facts are identified in the filing extract—not inferred.
Technology · Instruments For Meas & Testing of Electricity & Elec Signals · United States
Financial profile
- Revenue
- $10.3M 10-Q · Q1 2026 · Filed Apr 8, 2026
- Revenue growth YoY
- -43.7% Belvedere calculation · 10-Q · Q1 2026 · Filed Apr 8, 2026
- Gross margin
- +32.7% Belvedere calculation · 10-Q · Q1 2026 · Filed Apr 8, 2026
- Operating margin
- -41.0% Belvedere calculation · 10-Q · Q1 2026 · Filed Apr 8, 2026
- Net income
- -$3.2M 10-Q · Q1 2026 · Filed Apr 8, 2026
- Operating cash flow
- — Not identified in latest matched XBRL period
- Capex
- — Not identified in latest matched XBRL period
- Belvedere FCF
- — Not identified in latest matched XBRL period
- FCF margin
- — Not identified in latest matched XBRL period
- Cash
- $116.4M 10-K · May 29, 2026 · Filed Jul 27, 2026
- Debt
- — Not identified in latest matched XBRL period
- Net debt
- -$116.4M Belvedere calculation · 10-K · May 29, 2026 · Filed Jul 27, 2026
- Shares
- 32,480,000 10-K · May 29, 2026 · Filed Jul 27, 2026
Balance sheet snapshot
Cash $116.4M. Identified debt —. Net debt -$116.4M. Missing debt tags are not treated as a zero-debt capital structure.
Financial information is derived from public filings and other identified sources. Belvedere calculations may differ from company-defined non-GAAP measures. See methodology and source notes. Valuation multiples are omitted because a licensed market-data provider is not configured.
Latest filings
| Form | Filed | Period | Accession | Source |
|---|---|---|---|---|
| DEF 14A | Sep 9, 2026 | Sep 3, 2026 | 0001654954-26-008222 | SEC |
| 4 | Sep 3, 2026 | Sep 3, 2026 | 0001040470-26-000265 | SEC |
| 4 | Sep 1, 2026 | Sep 1, 2026 | 0001040470-26-000263 | SEC |
| 4 | Aug 18, 2026 | Aug 14, 2026 | 0001040470-26-000261 | SEC |
| 4 | Aug 14, 2026 | Aug 14, 2026 | 0001040470-26-000259 | SEC |
| 4 | Aug 14, 2026 | Aug 14, 2026 | 0001040470-26-000257 | SEC |
| 4 | Aug 14, 2026 | Aug 14, 2026 | 0001040470-26-000255 | SEC |
| 4 | Aug 14, 2026 | Aug 13, 2026 | 0001040470-26-000253 | SEC |
| 4 | Aug 13, 2026 | Aug 12, 2026 | 0001040470-26-000251 | SEC |
| 4 | Aug 13, 2026 | Aug 12, 2026 | 0001040470-26-000249 | SEC |
| 4 | Aug 13, 2026 | Aug 12, 2026 | 0001040470-26-000247 | SEC |
| 4 | Aug 13, 2026 | Aug 12, 2026 | 0001040470-26-000246 | SEC |
| 4 | Aug 13, 2026 | Aug 12, 2026 | 0001040470-26-000245 | SEC |
| 4 | Aug 11, 2026 | Aug 10, 2026 | 0001040470-26-000241 | SEC |
| 4 | Aug 6, 2026 | Aug 4, 2026 | 0001040470-26-000239 | SEC |
| 4 | Aug 4, 2026 | Aug 4, 2026 | 0001040470-26-000237 | SEC |
| 4 | Aug 4, 2026 | Aug 4, 2026 | 0001040470-26-000235 | SEC |
| 4 | Aug 3, 2026 | Aug 3, 2026 | 0001040470-26-000233 | SEC |
What changed
Each line is an arithmetic comparison of sourced facts. It is not a thesis.
Research view
Belvedere has not published an initiation or update on AEHR TEST SYSTEMS. Universe inclusion is not a rating, a forecast, or coverage in the sell-side sense.
Research Radar
| Kind | Change | Explanation | Source | Date |
|---|---|---|---|---|
| Cash | $116.4M | Cash and cash equivalents were $116.4M as of the latest reported balance-sheet date. | 10-K · CashAndCashEquivalentsAtCarryingValue | Jul 27, 2026 |
| Share count | $32.5M | Shares outstanding were 32,480,000 as of the latest reported date. | 10-K · CommonStockSharesOutstanding | Jul 27, 2026 |
| Revenue | -43.7% | Revenue declined -43.7% ($18.3M to $10.3M; Q1 2025 vs Q1 2026). | 10-Q · RevenueFromContractWithCustomerExcludingAssessedTax | Apr 8, 2026 |
| Revenue acceleration | -17.1 pp | Quarterly revenue YoY growth moved from -26.5% to -43.7% (-17.1 percentage points). | 10-Q · BelvedereRevenueGrowthYoY | Apr 8, 2026 |
| Margin change | $0.327 | Reported gross margin was +32.7% in the latest comparable period. | 10-Q · BelvedereGrossMargin | Apr 8, 2026 |
Rankings
- Strongest Balance Sheets · rank 3 · +47.2%
- Belvedere Undercoverage Screen · rank 48 · 39
- Technology Companies by Revenue Growth · rank 49 · -43.7%
- Micro-Cap Proxy Companies by Revenue Growth · rank 13 · -43.7%
Industry context
AEHR TEST SYSTEMS is mapped to Technology (Instruments For Meas & Testing of Electricity & Elec Signals) from SIC metadata on the SEC submission. Mapping is a classification convenience, not a claim that every peer is economically comparable.
Belvedere Research Profile
This measures researchable information characteristics. It is not investment advice, a credit rating, or a buy/sell/hold recommendation.
Presence of core income-statement, cash-flow and balance-sheet concepts in SEC XBRL.
Comparable-period revenue history and operating-result availability.
Availability of margin, cash-flow and per-share concepts used in screening.
SEC periodic reports, current reports, proxy statement and website identified in submissions.
Distinct filing years in the current archive window plus comparable prior-period revenue.
Risks
Belvedere does not manufacture generic risk language. Material risks are those the issuer discloses in its periodic reports, particularly Item 1A of the latest Form 10-K.
A Form 10-K was not present in the current filing window.
Sources
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q1 2026
- Filed
- Apr 8, 2026
- Accession
- 0001654954-26-003348
- Concept
- RevenueFromContractWithCustomerExcludingAssessedTax
- Source
- U.S. Securities and Exchange Commission
- Form
- 10-Q
- Period
- Q1 2026
- Filed
- Apr 8, 2026
- Accession
- 0001654954-26-003348
- Concept
- BelvedereRevenueGrowthYoY
(RevenueFromContractWithCustomerExcludingAssessedTax 2026-02-27 / RevenueFromContractWithCustomerExcludingAssessedTax 2025-02-28) - 1
View filing- Source
- U.S. Securities and Exchange Commission
- Form
- 10-K
- Period
- May 29, 2026
- Filed
- Jul 27, 2026
- Accession
- 0001654954-26-006919
- Concept
- CashAndCashEquivalentsAtCarryingValue
Disclosure
Belvedere Research publishes informational analysis. Nothing on this site is investment advice, an offer, or a solicitation to buy or sell any security.
This page is a company intelligence / data profile. It is not a research report unless a dated note is attached above. Rankings appearing here are independent of any issuer compensation.
Frequently asked questions
- What does AEHR TEST SYSTEMS do?
- AEHR TEST SYSTEMS (AEHR) is a U.S. SEC registrant. The Commission classifies the issuer under SIC 3825 (Instruments For Meas & Testing of Electricity & Elec Signals).
- What industry is AEHR TEST SYSTEMS in?
- AEHR TEST SYSTEMS is classified in Technology (Instruments For Meas & Testing of Electricity & Elec Signals).
- When did AEHR TEST SYSTEMS last file a periodic report?
- AEHR TEST SYSTEMS last filed a DEF 14A on Sep 9, 2026 (accession 0001654954-26-008222).
- What was AEHR TEST SYSTEMS's latest revenue?
- $10.3M for Q1 2026, sourced from 10-Q filed Apr 8, 2026.
- Does Belvedere cover AEHR TEST SYSTEMS?
- AEHR TEST SYSTEMS is in the Belvedere universe. Presence in the universe is not the same as active initiation coverage.