Aehr Test Systems (AEHR) Financials
Key financial figures for Aehr Test Systems (Q1 2027).
Aehr reported record Q1 FY2027 revenue of $33.0 million, up 200.9% from $11.0 million a year earlier, and raised its FY2027 revenue outlook to $150 million. Revenue was $33.0 million for the quarter ended September 25, 2026 (June 27 to September 25, 2026), versus $11.0 million in the three months ended August 29, 2025 (+200.9%, calculated) and $18.8 million in the quarter ended May 29, 2026 (+75.2%, calculated). The one-month transition period ended June 26, 2026 (revenue $0.6 million) sits between those two quarters and is not part of this quarter. GAAP gross margin was 47.5% (non-GAAP 48.5%), against 33.9% a year earlier (calculated from the prior-year column). On the outlook: For fiscal 2027 ending June 25, 2027, management now expects revenue of $150 million (previously $130 million to $150 million) and non-GAAP net income of at least 20% of revenue. Figures are for Q1 FY2027, as Aehr Test Systems reported them.
- Revenue
- $33M
- Net Income
- $7M
- EPS
- $0.22
- Total Assets
- $259M
- Operating Cash Flow
- -$3M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q1 FY2027 | $33M | $7M | $0.21 | 18.32% | -$3M |
| Q4 FY2026 | $20M | $1M | $0.05 | -5.03% | $1M |
| Q3 FY2026 | $10M | -$3M | -$0.10 | -41.01% | -$3M |
| Q2 FY2026 | $10M | -$3M | -$0.11 | -47.03% | -$2M |
| Q1 FY2026 | $11M | -$2M | -$0.07 | -37.07% | -$2M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2026 | $50M | -$7M | -$0.23 | -28.3% | -$5M |
| FY2025 | $59M | -$4M | -$0.13 | -9.63% | -$12M |
| FY2024 | $66M | $33M | $1.12 | 15.22% | $1M |
Frequently asked questions
What was Aehr Test Systems's revenue last quarter?
Aehr Test Systems reported revenue of $33.0 million for Q1 FY2027, up 200.9% from the same period a year earlier.
Is Aehr Test Systems profitable?
Yes. Aehr Test Systems reported net income of $7.2 million for Q1 FY2027, a net margin of 21.76% on revenue.
How has Aehr Test Systems's margin trended?
Operating margin was 18.32% in Q1 FY2027, compared with -37.07% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Aehr Test Systems generate?
Aehr Test Systems generated free cash flow of -$3.1 million in Q1 FY2027, after capital expenditure.
Full income statement, balance sheet and cash flow for Aehr Test Systems on SentiSense, with up to forty quarters and twenty fiscal years of history.