Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits... Show more
Aehr Test Systems (AEHR), headquartered in Fremont, California, is a leading provider of semiconductor test and burn-in equipment. The company specializes in solutions for testing, burning-in, and stabilizing devices at the wafer level, singulated die, and package part form factors. Its core products include the FOX-XP and FOX-P series systems, WaferPak contactors, and DiePak carriers, which enable high-throughput testing for advanced semiconductors.
Aehr's business model generates revenue from system sales and high-margin recurring consumables like WaferPaks and DiePaks. It holds a strong position in high-growth niches such as silicon carbide (SiC) power devices for electric vehicles (EVs), gallium nitride (GaN), silicon photonics for data centers, and AI processors. This exposure to mission-critical applications in AI infrastructure, EVs, and telecom has fueled recent stock price movement, as demand for reliable, high-power semiconductors accelerates.
Over the last 30 days, AEHR stock rose +63%, climbing from a closing price of approximately $42 to $68. This movement was volatile and trend-driven, with sharp gains in early April following earnings and order announcements, including a 26% single-day jump on April 8.
For the past quarter, shares advanced +160%, from around $26 to $68. The performance featured steady uptrends punctuated by dips, such as in late March, but overall momentum built on accumulating positive news flow in the semiconductor testing space.
The 30-day surge was propelled by Aehr's fiscal third-quarter results on April 7, revealing record bookings of $37.2 million—a book-to-bill ratio exceeding 3.5x—fueled by AI and data center demand. A major silicon photonics order from a global networking leader for high-power FOX-XP systems targeted hyperscale data center optical interconnects. Investors reacted positively to the $50.9 million effective backlog, despite revenue of $10.3 million missing estimates due to shipment timing.
Earlier wins, like a March 31 follow-on for AI optical I/O systems, amplified sentiment. Analyst actions, such as Lake Street raising its price target to $56 while maintaining Buy, further supported the rally. Sector tailwinds in AI semiconductor testing outweighed EV market softness impacting SiC demand.
The quarterly advance stemmed from a series of high-profile orders highlighting Aehr's role in AI infrastructure. Key developments included a $14 million February order from a lead AI processor customer for FOX-XP systems, a February AI production win for Sonoma systems testing next-gen ASICs, and January's $5.5 million Sonoma orders for AI processors.
These sustained AI/data center narratives overshadowed revenue declines from EV-related SiC softness and technical delays. Institutional interest grew alongside market trends in high-performance computing and photonics, with shares breaking out amid broader semiconductor recovery. Cumulative backlog growth underscored long-term potential in power semiconductors and telecom.
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Investors should monitor upcoming fiscal fourth-quarter earnings for progress on backlog conversion and margin recovery. Key industry trends include AI accelerator deployment, silicon photonics adoption for data centers, and SiC/GaN recovery amid EV demand stabilization. Macro factors like interest rates and chip supply chain dynamics could influence hyperscaler capex.
Strategic developments such as expanded Sonoma production capacity (>20 systems/month) and new customer qualifications in memory or power semis present catalysts. Risks include order lumpiness, competition from peers like Teradyne (TER), and execution on guidance. Sentiment may hinge on non-GAAP profitability return in Q4 fiscal 2026.
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Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where AEHR advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 01, 2026. You may want to consider a long position or call options on AEHR as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AEHR just turned positive on April 02, 2026. Looking at past instances where AEHR's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .
AEHR moved above its 50-day moving average on March 31, 2026 date and that indicates a change from a downward trend to an upward trend.
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AEHR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AEHR broke above its upper Bollinger Band on April 08, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AEHR entered a downward trend on April 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AEHR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 61, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (16.863) is normal, around the industry mean (16.925). P/E Ratio (19.449) is within average values for comparable stocks, (289.915). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.093). AEHR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.008). P/S Ratio (49.505) is also within normal values, averaging (49.106).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of burn-in and test equipment for semiconductor manufacturing
Industry ElectronicProductionEquipment