Aehr Test Systems
AEHR Technology Semiconductor Equipment & Materials
Aehr Test Systems' revenue for fiscal 2026 (year ended May 2026) was $50.0 million, down 15.2% from fiscal 2025. In the quarter to May 2026, revenue grew 33.7%, EPS grew 140.0% and free cash flow grew 133.2%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| May '26 | May '25 | May '24 | May '23 | May '22 | May '21 | May '20 | May '19 | May '18 | May '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
116.36 | 24.53 | 49.16 | 47.91 | 31.48 | 4.58 | 5.43 | 5.43 | 16.85 | 17.80 |
Receivables |
17.47 | 14.19 | 9.80 | 16.59 | 12.86 | 5.20 | 3.72 | 4.86 | 2.86 | 4.01 |
Inventory |
41.35 | 42.00 | 37.47 | 23.91 | 15.05 | 8.85 | 7.99 | 9.06 | 9.05 | 6.60 |
Total current assets |
184.45 | 88.78 | 97.85 | 89.03 | 60.01 | 19.18 | 17.65 | 20.03 | 29.46 | 29.38 |
Property, Plant, Equpment (Net) |
8.94 | 8.97 | 3.25 | 2.76 | 1.20 | 0.68 | 0.66 | 1.05 | 1.20 | 1.42 |
Goodwill and Intangible Assets (Total) |
20.27 | 21.50 | — | — | — | — | — | — | — | — |
Long Term Assets (Tax, Deferred) |
23.83 | 19.11 | 20.77 | — | — | — | — | — | — | — |
Long-term assets (Other) |
0.31 | 0.55 | 0.30 | 0.23 | 0.20 | 0.20 | 0.15 | 0.23 | 0.30 | 0.10 |
Total non-current assets |
62.25 | 59.73 | 30.06 | 9.11 | 2.32 | 2.48 | 2.92 | 1.27 | 1.50 | 1.51 |
Total Assets |
246.69 | 148.51 | 127.91 | 98.14 | 62.33 | 21.67 | 20.57 | 21.31 | 30.96 | 30.89 |
Notes Payable |
— | — | — | — | — | 1.40 | — | — | — | — |
Accounts Payable |
6.75 | 6.73 | 5.33 | 9.21 | 4.20 | 2.89 | 0.95 | 1.93 | 1.76 | 2.81 |
Accrued Expenses |
5.28 | 6.02 | 3.37 | 4.14 | 3.61 | 2.16 | 1.44 | 2.03 | 1.65 | 1.61 |
Current Part of Debt |
— | — | — | — | — | 1.68 | 0.65 | — | 6.11 | — |
Current Revenue (Deferred) |
5.19 | 1.98 | 1.35 | 2.82 | — | — | — | — | — | — |
Other current liabilities |
— | — | — | — | 2.42 | 0.19 | 0.17 | 1.55 | 1.63 | 3.47 |
Total current liabilities |
17.86 | 15.64 | 10.51 | 16.31 | 11.01 | 9.06 | 3.87 | 5.51 | 11.15 | 7.88 |
Long Term Debt (Total) |
— | — | — | — | — | — | 1.03 | — | — | 6.11 |
Non-current Revenue (Deferred) |
0.03 | 0.04 | 0.04 | 0.03 | 0.07 | 0.10 | 0.02 | 0.19 | 0.46 | 0.10 |
Non-current Liabilities (Other) |
0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.00 | 0.15 | 0.06 | — |
Total non-current liabilities |
9.33 | 10.00 | 5.81 | 6.24 | 0.33 | 1.16 | 2.65 | 0.34 | 0.52 | 6.21 |
Total liabilities |
27.18 | 25.64 | 16.32 | 22.54 | 11.34 | 10.22 | 6.52 | 5.85 | 11.67 | 14.10 |
Additional Paid In Capital |
249.48 | 145.76 | 130.61 | 127.78 | 117.69 | 87.55 | 85.90 | 84.50 | 83.04 | 81.13 |
Common Stock (Net) |
0.33 | 0.30 | 0.29 | 0.29 | 0.27 | 0.24 | 0.23 | 0.23 | 0.22 | 0.21 |
Retained Earnings |
(30.19) | (23.06) | (19.15) | (52.31) | (66.86) | (76.31) | (74.29) | (71.48) | (66.25) | (66.78) |
Common Equity (Total) |
219.51 | 122.87 | 111.59 | 75.60 | 50.99 | 11.45 | 14.06 | 15.45 | 19.29 | 16.79 |
Shareholders Equity (Total) |
219.51 | 122.87 | 111.59 | 75.60 | 50.99 | 11.45 | 14.06 | 15.45 | 19.29 | 16.79 |
Shareholders Equity and Liabilities (Total) |
246.69 | 148.51 | 127.91 | 98.14 | 62.33 | 21.67 | 20.57 | 21.31 | 30.96 | 30.89 |
Shares (Common) |
32.48 | 29.88 | 29.00 | 28.54 | 27.12 | 23.73 | 23.11 | 22.67 | 22.14 | 21.34 |
Shareholders Equity (Tangible) |
199.24 | 101.37 | 111.59 | 75.60 | 50.99 | 11.45 | 14.06 | 15.45 | 19.29 | 16.79 |
Net Debt |
(116.36) | (24.53) | (49.16) | (47.91) | (31.48) | (2.90) | (3.75) | (5.43) | (10.74) | (11.69) |
Total Debt |
— | — | — | 6.30 | 1.01 | 1.68 | 1.68 | — | 6.11 | 6.11 |