Feb 2026 (Q4 FY26) — Jul 14, 2026
Aehr Test Systems Q4 FY26 — Record Bookings and Strong FY27 Outlook Driven by AI and Data Center Demand
Read the full callAehr Test Systems earnings: last reported Tue, 14 Jul 2026, for the quarter ended Feb 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 18.8 | +33.7% YoY | Quarterly, as filed | Quarter to May 2026 | Revenue from operations as filed. |
| Operating margin | -6.4 | +16.3 pts YoY | Operating profit / revenue | Quarter to May 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.4 | Quarterly, as filed | Quarter to May 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $24.76 on 17 Oct 2025 → $63.33. High $145.61 (17 Aug 2026), low $19.4 (20 Nov 2025).
Overview
Call summaries
Aehr Test Systems Q4 FY26 — Record Bookings and Strong FY27 Outlook Driven by AI and Data Center Demand
Read the full callEvery analysed call
Financials
Net profit, year on year: +148% (quarter to may 2026 against may 2025).
| Line item | Aug 2024 | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | — | 13 | 18 | 14 | 11 | 10 | 10 | 19 |
| Operating profit | — | -2 | -1 | -3 | -4 | -5 | -4 | -1 |
| Operating margin | — | −11.3% | −6.1% | −22.7% | −37.1% | −47.0% | −41.0% | −6.4% |
| Profit before tax | — | -1 | -1 | -3 | -3 | -4 | -4 | -0 |
| Tax rate | — | 17.4% | 26.4% | 2.9% | 26.5% | 27.3% | 19.9% | 405.7% |
| Net profit | 1 | -1 | -1 | -3 | -2 | -3 | -3 | 1 |
| EPS ($ per share) | 0.02 | -0.03 | -0.02 | — | -0.07 | -0.11 | -0.10 | — |
| Line item | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -71 | -74 | -76 | -67 | -52 | -19 | -23 | -30 |
| Total liabilities | 6 | 7 | 10 | 11 | 23 | 16 | 26 | 27 |
| Fixed assets | 1 | 1 | 1 | 1 | 3 | 3 | 9 | 9 |
| Investments | — | — | — | — | 18 | 0 | — | — |
| Total assets | 21 | 21 | 22 | 62 | 98 | 128 | 149 | 247 |
| Line item | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -6 | -2 | -3 | 2 | 10 | 2 | -7 | -3 |
| Cash from investing | -0 | -0 | -0 | -0 | -19 | 17 | -16 | -4 |
| Cash from financing | -6 | 2 | 2 | 26 | 7 | 0 | 1 | 97 |
| Net cash flow | -11 | 0 | -1 | 27 | -1 | 19 | -23 | 90 |
| Capital expenditure | -0 | -0 | -0 | -0 | -1 | -1 | -5 | -2 |
| Free cash flow | -6 | -2 | -3 | 1 | 9 | 1 | -12 | -5 |
239 filings between Oct 20, 2025 and Oct 12, 2026.
Purchases
None
No insider bought shares.
Sales
$59.62M
67 sales by 12 insiders
Also filed: 16 other filings, 14 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Erickson Gayn | — | $16.02M | Aug 12, 2026 |
| SCOTT GEOFFREY GATES | — | $12.31M | Aug 12, 2026 |
| POSEDEL RHEA J | — | $9.55M | Aug 14, 2026 |
| SLAYEN HOWARD T | — | $5.20M | Aug 14, 2026 |
| SALAMONE ALBERTO | — | $4.00M | Aug 13, 2026 |
| ROGERS VERNON | — | $3.32M | Aug 17, 2026 |
| ENGINEER ADIL | — | $3.10M | Aug 12, 2026 |
| RICHMOND DONALD P. II | — | $2.33M | Apr 14, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 12, 2026 | Siu Chris CFO | Tax withheld | 987 | $83.5K |
| Oct 12, 2026 | RICHMOND DONALD P. II CTO | Tax withheld | 388 | $32.8K |
| Oct 12, 2026 | Erickson Gayn President and CEO | Tax withheld | 2,675 | $226.4K |
| Oct 12, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Tax withheld | 426 | $36.1K |
| Oct 12, 2026 | ENGINEER ADIL Chief Operating Officer | Tax withheld | 547 | $46.3K |
| Oct 12, 2026 | SPORCK ALISTAIR N VP Contactor Business Unit | Tax withheld | 295 | $25.0K |
| Oct 2, 2026 | ENGINEER ADIL Chief Operating Officer | Tax withheld | 620 | $66.5K |
| Oct 2, 2026 | SALAMONE ALBERTO EVP, PPBI BUSINESS | Tax withheld | 556 | $59.6K |
| Oct 2, 2026 | RICHMOND DONALD P. II CTO | Tax withheld | 439 | $47.1K |
| Oct 2, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Tax withheld | 476 | $51.0K |
| Oct 2, 2026 | SPORCK ALISTAIR N VP Contactor Business Unit | Tax withheld | 345 | $37.0K |
| Oct 2, 2026 | Erickson Gayn President and CEO | Tax withheld | 3,239 | $347.3K |
| Oct 2, 2026 | Siu Chris CFO | Tax withheld | 1,164 | $124.8K |
| Oct 1, 2026 | RICHMOND DONALD P. II CTO | Tax withheld | 76 | $7.7K |
| Oct 1, 2026 | SALAMONE ALBERTO EVP, PPBI BUSINESS | Other | 1,512 | $10.1K |
| Oct 1, 2026 | Erickson Gayn President and CEO | Other | 1,053 | $7.0K |
| Oct 1, 2026 | SPORCK ALISTAIR N VP Contactor Business Unit | Tax withheld | 54 | $5.5K |
| Oct 1, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Tax withheld | 77 | $7.8K |
| Oct 1, 2026 | WIMMERS DIDIER Executive VP of R&D | Tax withheld | 54 | $5.5K |
| Oct 1, 2026 | SALAMONE ALBERTO EVP, PPBI BUSINESS | Tax withheld | 45 | $4.6K |
| Oct 1, 2026 | RICHMOND DONALD P. II CTO | Other | 1,064 | $7.1K |
| Oct 1, 2026 | ENGINEER ADIL Chief Operating Officer | Tax withheld | 98 | $10.0K |
| Oct 1, 2026 | WIMMERS DIDIER Executive VP of R&D | Other | 1,311 | $8.7K |
| Oct 1, 2026 | SPORCK ALISTAIR N VP Contactor Business Unit | Other | 1,221 | $8.1K |
| Oct 1, 2026 | Erickson Gayn President and CEO | Tax withheld | 499 | $50.7K |
| Oct 1, 2026 | ENGINEER ADIL Chief Operating Officer | Other | 730 | $4.9K |
| Oct 1, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Other | 1,626 | $10.8K |
| Oct 1, 2026 | Siu Chris CFO | Other | 1,089 | $7.3K |
| Oct 1, 2026 | Siu Chris CFO | Tax withheld | 194 | $19.7K |
| Sep 3, 2026 | WIMMERS DIDIER Executive VP of R&D | Tax withheld | 317 | $24.2K |
| Sep 1, 2026 | Siu Chris CFO | Tax withheld | 496 | $38.0K |
| Aug 17, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Sale | 3,994 | $574.2K |
| Aug 14, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Sale | 1,000 | $134.0K |
| Aug 14, 2026 | ROGERS VERNON Exec VP of Sales & Mktg. | Sale | 1,000 | $139.0K |
| Aug 14, 2026 | SLAYEN HOWARD T Director | Sale | 5,700 | $758.3K |
| Aug 14, 2026 | POSEDEL RHEA J Director | Sale | 5,973 | $836.2K |
| Aug 14, 2026 | ENGINEER ADIL Chief Operating Officer | Gift | 500 | $0 |
| Aug 13, 2026 | SALAMONE ALBERTO EVP, PPBI BUSINESS | Sale | 4,200 | $537.6K |
| Aug 13, 2026 | SALAMONE ALBERTO EVP, PPBI BUSINESS | Sale | 5,472 | $697.7K |
| Aug 12, 2026 | POSEDEL RHEA J Director | Sale | 8,413 | $1.09M |
| Aug 12, 2026 | SCOTT GEOFFREY GATES Director | Sale | 20,000 | $2.63M |
| Aug 12, 2026 | SCOTT GEOFFREY GATES Director | Gift | 6,731 | $0 |
| Aug 12, 2026 | ENGINEER ADIL Chief Operating Officer | Sale | 7,500 | $983.2K |
| Aug 12, 2026 | ENGINEER ADIL Chief Operating Officer | Sale | 7,500 | $982.2K |
| Aug 12, 2026 | Erickson Gayn President and CEO | Sale | 1,548 | $204.7K |
| Aug 12, 2026 | ENGINEER ADIL Chief Operating Officer | Option exercise | 15,000 | $141.8K |
| Aug 12, 2026 | Erickson Gayn President and CEO | Sale | 38,452 | $5.03M |
| Aug 12, 2026 | OLIPHANT LAURA Director | Sale | 1,717 | $228.4K |
| Aug 10, 2026 | SPORCK ALISTAIR N VP Contactor Business Unit | Sale | 1,000 | $108.5K |
| Aug 4, 2026 | SPORCK ALISTAIR N VP Contactor Business Unit | Sale | 1,301 | $131.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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