How does Aehr Test Systems (AEHR) make money?

Aehr Test Systems (AEHR) generates revenue primarily from Systems, which accounted for 61.7% of total revenue in TTM through Q1 2026. The company reported $45.26M in revenue and converted -25.2% of it into net profit, equivalent to roughly −$11.42M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Aehr Test Systems (AEHR)?

Aehr Test Systems (AEHR) reported a gross profit margin of 30.7% in TTM through Q1 2026, equivalent to $13.90M in gross profit on $45.26M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Aehr Test Systems (AEHR)?

Aehr Test Systems (AEHR) reported an operating profit margin of -34.3% in TTM through Q1 2026, equivalent to −$15.50M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Aehr Test Systems (AEHR)?

Aehr Test Systems (AEHR) reported a net profit margin of -25.2% in TTM through Q1 2026, equivalent to −$11.42M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Aehr Test Systems (AEHR) profitable?

Aehr Test Systems (AEHR) reported a net loss of $11.42M for TTM through Q1 2026, a net profit margin of -25.2%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Aehr Test Systems (AEHR) invest in research and development?

Aehr Test Systems (AEHR) invested $11.67M in research and development during TTM through Q1 2026, roughly 25.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Aehr Test Systems (AEHR) spend on capital expenditures?

Aehr Test Systems (AEHR) spent $4.75M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 10.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Aehr Test Systems (AEHR) generate?

Aehr Test Systems (AEHR) generated −$11.57M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -25.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Aehr Test Systems (AEHR)?

Aehr Test Systems (AEHR) reports revenue across 3 reportable product segments, led by Systems at 61.7% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Aehr Test Systems Makes Money: 2026 Visual Revenue Map

Aehr Test Systems (AEHR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending February 27, 2026 (reported April 8, 2026).

Aehr Test Systems discloses geographic revenue only in annual filings. to view the full breakdown.

Aehr Test Systems (AEHR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Aehr Test Systems (AEHR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Systems	$27.91M	61.7%
Contactors	$10.78M	23.8%
Services	$6.57M	14.5%
Total	$45.26M	100%

Systems$27.91M
Contactors$10.78M
Services$6.57M
Total$45.26M

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Aehr Test Systems (AEHR) reports revenue across 3 operating segments; the largest segment was Systems at 61.7%, followed by Contactors (23.8%) and Services (14.5%).

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Aehr Test Systems (AEHR) Key Financials

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AEHR Overview

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Income Statement

Cash Flow

Capital Return

Buybacks0.13% TTM

No dividends or stock splits on record for this company.

Forecast & Valuation

Aehr Test Systems (AEHR) Income Statement Flow — TTM through Q1 2026

Aehr Test Systems (AEHR) Revenue by Product Segment — TTM through Q1 2026

Revenue Breakdown — TTM through Q1 2026

Frequently asked questions

+How does Aehr Test Systems (AEHR) make money?

+What is the gross profit margin of Aehr Test Systems (AEHR)?

+What is the operating profit margin of Aehr Test Systems (AEHR)?

+What is the net profit margin of Aehr Test Systems (AEHR)?

+Is Aehr Test Systems (AEHR) profitable?

+How much does Aehr Test Systems (AEHR) invest in research and development?

+How much does Aehr Test Systems (AEHR) spend on capital expenditures?

+How much free cash flow does Aehr Test Systems (AEHR) generate?

+What are the main business segments of Aehr Test Systems (AEHR)?

Data & methodology

+What is a Sankey diagram?

+How is the data calculated?

+Where do segment and geographic numbers come from?

+When was this data last updated?

Aehr Test Systems (AEHR) Key Financials

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