Aehr Test Systems filed its Form 10-Q for the quarterly period ended September 25, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting financial results for the first fiscal quarter of 2027.

Key Highlights

  • Revenue of $33.007 million for the three months ended September 25, 2026, compared to $10.969 million for the three months ended August 29, 2025, according to the filing.
  • Net income of $7.181 million for the quarter, versus a net loss of $2.084 million in the comparable prior-year period.
  • Gross profit of $15.663 million on cost of revenue of $17.344 million, yielding a gross profit for the quarter as reported.
  • Diluted earnings per share of $0.21 for the three months ended September 25, 2026, based on 33,520 thousand diluted shares.
  • Total assets of $258.782 million as of September 25, 2026, up from $245.305 million at June 26, 2026.
  • Cash and cash equivalents of $104.902 million at quarter end, compared to $112.308 million at June 26, 2026.
  • 32,794,791 shares of common stock outstanding as of November 2, 2026, as disclosed on the cover page.

Aehr Test Systems Q1 FY2027 Financial Results: Revenue Growth and Return to Profitability

Aehr Test Systems (NASDAQ:AEHR), a Fremont, California-based semiconductor test equipment company, reported a return to profitability in the first quarter of fiscal year 2027. According to the filing, revenue reached $33.007 million for the three months ended September 25, 2026, more than triple the $10.969 million recorded for the three months ended August 29, 2025. Income from operations was $6.047 million, compared to an operating loss of $4.066 million in the prior-year comparable period.

The company reported net income of $7.181 million, or $0.21 per diluted share, for the quarter. Research and development expenses were $4.143 million and selling, general and administrative expenses were $5.473 million, for total operating expenses of $9.616 million. Interest income, net, contributed $0.899 million to income before taxes. The filing also recorded an income tax benefit of $0.254 million for the period.

On the balance sheet, total assets grew to $258.782 million as of September 25, 2026, driven in part by an increase in accounts receivable to $26.630 million and inventories rising to $53.120 million. Total shareholders' equity increased to $222.112 million from $217.152 million at June 26, 2026. Net cash used in operating activities was $3.054 million for the quarter, reflecting working capital changes including a $10.686 million increase in accounts receivable and a $9.037 million increase in inventories. During the quarter, the company repurchased shares for tax withholdings on vesting of restricted stock units totaling $4.474 million.

What Was Disclosed

Aehr Test Systems filed a quarterly report covering the three months ended September 25, 2026, disclosing revenue of $33.007 million, net income of $7.181 million, total assets of $258.782 million, and 32,794,791 shares outstanding as of November 2, 2026.