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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Aehr Test Systems (AEHR) P/E ratio
Aehr Test Systems has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 484× (December 2021) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2026 | 0.0× | — |
| FY2025 | 0.0× | — |
| FY2024 | 10.1× | (84.10%) |
| FY2023 | 63.5× | 165.21% |
| FY2022 | 23.9× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 112× | — |
| FY2017 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| May 2026 | 0.0× | — |
| Feb 2026 | 0.0× | — |
| Nov 2025 | 0.0× | — |
| Aug 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| COHU Cohu, Inc. compare | n/m |
| AMBA Ambarella, Inc. compare | n/m |
| UCTT Ultra Clean Holdings, Inc. compare | n/m |
| ICHR Ichor Holdings, Ltd. compare | n/m |
| AEHR Aehr Test Systems | n/m |
| PLAB Photronics, Inc. compare | 9.7× |
| ACLS Axcelis Technologies, Inc. compare | 36.1× |
| IPGP IPG Photonics Corporation compare | 108× |
| VECO Veeco Instruments Inc. compare | 113× |
| Semiconductor Equipment & Materials industry median | 45.0× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)