AEHR at a glance
AEHR TEST SYSTEMS (AEHR, SEC CIK 1040470) filed its latest 10-K annual report on July 27, 2026, a 10-Q quarterly report on April 8, 2026, an 8-K current report on July 14, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended May 29, 2026 (FY2026), AEHR TEST SYSTEMS (AEHR) reported revenue of $50.0 million (down 15.2% from FY2025) and a net loss of $7.1 million. Diluted EPS was -$0.23.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding AEHR TEST SYSTEMS (AEHR) shares worth $1.3 billion in 13F-HR filings.
- In the last 90 days, AEHR insiders reported 0 open-market purchases ($0) and 21 open-market sales ($21.3M) on Form 4, a net sale of $21.3M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $50.0M
- −15.2% vs prior year
- Insiders · 90 days
- 0 buys · 21 sells
- Net −$21.3M
- 13F holders
- 32 funds
- $1.3B · +6 vs prior quarter
- Latest 8-K
- Jul 14, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended May 29, 2026
Risk Factors
- Trade policy risk: U.S. tariffs under International Emergency Economic Powers Act invalidated Feb 2026, but other tariffs remain, raising costs and disrupting operations
- Geopolitical exposure: 59% of net sales fiscal 2026 outside U.S.; tensions involving U.S., China, Taiwan risk sales, supply, and market access
- Supply chain vulnerability: Sole-source suppliers for critical FOX system components risk delays; qualifying new suppliers could be lengthy
- Competitive threat: FOX and Sonoma systems face competition from larger manufacturers and captive suppliers in Asia with greater resources
- Customer concentration risk: Top 5 customers accounted for ~70% net sales fiscal 2026; loss or order deferral by key customers could materially hurt revenue
Business Overview
- Core business: provider of test, burn-in, and stabilization systems for semiconductor wafers, die, and packages focusing on reliability and quality assurance
- New emphasis on AI market with High Power FOX-XP system and Sonoma Ultra high-power package level burn-in acquired in fiscal 2025
- Strategic shift: expanded package level offerings via Sonoma, Tahoe, Echo platforms acquired in fiscal 2025, diversifying beyond wafer-level test
- Quantitative highlight: backlog increased to $80.6M as of May 29, 2026, from $15.2M the prior year, showing strong order growth
- Noteworthy fact: EV and power semiconductor revenues declined to 17% of total in FY26 from 92% in FY24, signaling market mix shift
Management Discussion & Analysis
- Revenue $50.0M, down 15.2% YoY from $58.97M, decline driven by $19.9M lower wafer-level contactor sales, partially offset by $10.4M increase in wafer-level burn-in systems
- Gross margin 35.3% vs 40.6% prior year, decrease of 5.3 points due to higher assembly, warranty costs, freight, and tariffs
- Best performing segment: wafer-level burn-in systems, +$10.4M in revenue; worst: wafer-level contactors, -$19.9M
- Cash and equivalents $116.5M vs $26.5M prior year; operating cash flow negative $3.3M vs negative $7.4M; $97.4M net proceeds from ATM equity offering in fiscal 2026
- Management expects return to profitability in fiscal 2027; key risk from continued softness in electric vehicle semiconductor demand and evolving trade/tariff policies impacting costs and margins
AI summary of the AEHR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Feb 27, 2026
Management Discussion & Analysis
- Forward-looking results subject to substantial risks and uncertainties; no updated guidance disclosed
Risk Factors
- No material changes to significant risks disclosed in the May 30, 2025 Form 10-K
- Regulatory and compliance risks carried forward from 10-K without quarterly updates
- Operational and competitive risks carried forward from 10-K without quarterly updates
- Financial and liquidity risks carried forward from 10-K without quarterly updates
AI summary of the AEHR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Fiscal fourth-quarter and fiscal-year results ended May 29, 2026, released July 14, 2026
- Detailed financial results and management commentary furnished in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q4 revenue $18.8M vs $14.1M; GAAP net income $1.4M, reversing $2.9M loss
- Record bookings $60.7M and effective backlog $100.6M provide strong fiscal 2027 revenue visibility
Item 8.01: Other Events
- ATM program fully utilized, generating approximately $60.0 million gross proceeds
- Equity issuance expands cash resources but increases outstanding share count and dilution risk
Item 1.01: Entry into a Material Definitive Agreement
- $60 million at-the-market equity facility, enabling AEHR to raise capital opportunistically
- Potential shareholder dilution from newly issued common stock
AI summaries of AEHR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AEHR
Don't miss the next AEHR filing
- Alerts as it files. A push when AEHR files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut AEHR, by share count.
- Ask anything. An AI agent that reads every AEHR filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SALAMONE ALBERTO | F | Oct 2, 2026 | 556 | $107.21 |
| ROGERS VERNON | F | Oct 2, 2026 | 476 | $107.21 |
| Siu Chris | F | Oct 2, 2026 | 1,164 | $107.21 |
| Erickson Gayn | F | Oct 2, 2026 | 3,239 | $107.21 |
| SPORCK ALISTAIR N | F | Oct 2, 2026 | 345 | $107.21 |
| RICHMOND DONALD P. II | F | Oct 2, 2026 | 439 | $107.21 |
| ENGINEER ADIL | F | Oct 2, 2026 | 620 | $107.21 |
| SALAMONE ALBERTO | F | Oct 1, 2026 | 45 | $101.60 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $59.0M | $50.0M |
| Gross Profit | - | $23.9M | $17.7M |
| Operating Income | - | -$5.7M | -$14.1M |
| Net Income | - | -$3.9M | -$7.1M |
| Gross Margin | - | 40.6% | 35.3% |
| Op. Margin | - | -9.6% | -28.3% |
| Net Margin | - | -6.6% | -14.3% |
| Balance Sheet | |||
| Total Assets | $127.9M | $148.5M | $246.7M |
| Equity | - | $122.9M | $219.5M |
| ROE | - | -3.2% | -3.2% |
| Per Share | |||
| EPS | - | $-0.13 | $-0.23 |
| Cash Flow | |||
| Operating CF | - | -$7.4M | -$3.3M |
| CapEx | $749K | $5.0M | $2.1M |
Source: XBRL data in AEHR TEST SYSTEMS (AEHR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AEHR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $1.28B |
| Q1 2026 | 26 | $441.3M |
| Q4 2025 | 22 | $219.8M |
| Q3 2025 | 23 | $323.1M |
| Q2 2025 | 21 | $106.8M |
| Q1 2025 | 18 | $62.2M |
| Q4 2024 | 17 | $133.6M |
| Q3 2024 | 15 | $34.9M |
- Two Sigma Investments+950.2K (+443%)
- D.E. Shaw & Co+835.8K (+245%)
- JPMorgan Chase & Co+542.2K (+285%)
- BlackRock+372.6K (+16%)
- Morgan Stanley+314.7K (+190%)
- FMR LLC (Fidelity)−1.14M (-53%)
- T. Rowe Price Group−842.3K (-62%)
- Goldman Sachs Group−452.0K (-36%)
- Allstate−8.2K (-75%)
- Renaissance Technologies LLC+134.5K
- Ameriprise Financial+31.9K
- Prudential Financial+5.1K
- Mangrove Partners+4.7K
- Principal Financial Group+2.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 174 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AEHR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
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| 4 | Oct 2, 2026 | - | - | - |
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| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 1, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
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AEHR SEC filings: frequently asked questions
Are AEHR insiders buying or selling?
In the last 90 days, AEHR TEST SYSTEMS (AEHR) officers, directors and 10% owners reported no open-market purchases and 21 open-market sales worth $21.3 million by 9 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold AEHR stock?
As of June 30, 2026, the largest AEHR TEST SYSTEMS (AEHR) holders among the 13F filers tracked by SignalX were BlackRock ($255.5 million), Vanguard Capital Management LLC ($126.8 million), D.E. Shaw & Co ($113.1 million), Two Sigma Investments ($111.9 million), FMR LLC (Fidelity) ($96.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AEHR's revenue in fiscal year 2026?
For the fiscal year ended May 29, 2026 (FY2026), AEHR TEST SYSTEMS (AEHR) reported revenue of $50.0 million (down 15.2% from FY2025) and a net loss of $7.1 million. Diluted EPS was -$0.23. The figures come from the XBRL data in the 10-K.
What are the main risks in AEHR's latest 10-K?
In the 10-K filed July 27, 2026, AEHR TEST SYSTEMS (AEHR) flagged: Trade policy risk: U.S. tariffs under International Emergency Economic Powers Act invalidated Feb 2026, but other tariffs remain, raising costs and disrupting operations. Geopolitical exposure: 59% of net sales fiscal 2026 outside U.S.; tensions involving U.S., China, Taiwan risk sales, supply, and market access. (AI summary of the Risk Factors section.)
What did AEHR report in its latest 8-K?
AEHR TEST SYSTEMS (AEHR) filed an 8-K on July 14, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Fiscal fourth-quarter and fiscal-year results ended May 29, 2026, released July 14, 2026.
What are the latest AEHR SEC filings?
AEHR TEST SYSTEMS (AEHR) filed its latest 10-K annual report on July 27, 2026, a 10-Q quarterly report on April 8, 2026, an 8-K current report on July 14, 2026 and a Form 4 insider filing on October 5, 2026.
What is AEHR's SEC CIK number?
AEHR TEST SYSTEMS (AEHR)'s SEC Central Index Key (CIK) is 1040470. EDGAR lists every AEHR filing under that number.
Ask anything about AEHR
The research agent reads AEHR's filings, financials, insider trades and 13F holders, then answers with sources.