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Upturn AI SWOT - About
AEHR 
Aehr Test Systems (AEHR)
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Upturn Advisory Summary
07/03/2025: AEHR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $12.75
1 Year Target Price $12.75
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -14.56% | Avg. Invested days 24 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/03/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 464.43M USD | Price to earnings Ratio 20 | 1Y Target Price 12.75 |
Price to earnings Ratio 20 | 1Y Target Price 12.75 | ||
Volume (30-day avg) 2 | Beta 2.24 | 52 Weeks Range 6.27 - 21.44 | Updated Date 07/3/2025 |
52 Weeks Range 6.27 - 21.44 | Updated Date 07/3/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.78 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-08 | When - | Estimate 0.1414 | Actual - |
Profitability
Profit Margin 37.17% | Operating Margin (TTM) -3.38% |
Management Effectiveness
Return on Assets (TTM) 0.29% | Return on Equity (TTM) 21.69% |
Valuation
Trailing PE 20 | Forward PE - | Enterprise Value 427470433 | Price to Sales(TTM) 7.55 |
Enterprise Value 427470433 | Price to Sales(TTM) 7.55 | ||
Enterprise Value to Revenue 6.95 | Enterprise Value to EBITDA 152.23 | Shares Outstanding 29771400 | Shares Floating 26527219 |
Shares Outstanding 29771400 | Shares Floating 26527219 | ||
Percent Insiders 5.03 | Percent Institutions 65.58 |
Upturn AI SWOT
Aehr Test Systems
Company Overview
History and Background
Aehr Test Systems was founded in 1977. It is a worldwide supplier of test and burn-in equipment for semiconductor devices, particularly in the areas of silicon carbide (SiC), gallium nitride (GaN), and other advanced semiconductors. It initially focused on dynamic burn-in systems and has since expanded into wafer-level test and singulated die/module test.
Core Business Areas
- Wafer Level Test Systems: Aehr offers multiple wafer level test and burn-in systems like the FOX-XP and FOX-NP systems. This includes supporting services and consumables related to wafer testing.
- Singulated Die/Module Test Systems: Aehr also provides solutions for testing singulated die and modules for various applications. This include supporting services and consumables related to singulated die testing.
Leadership and Structure
Gayn Erickson is the current President and CEO. The company has a typical corporate structure with departments such as Engineering, Sales, Marketing, Operations, and Finance.
Top Products and Market Share
Key Offerings
- FOX-XP Wafer Level Test System: A system designed for high-volume, parallel testing and burn-in of wafers. Primarily used for SiC power devices and GaN devices. Market share data is not explicitly public, but Aehr is a significant player in the SiC wafer-level test market. Competitors include Advantest and Teradyne (indirectly).
- FOX-NP Wafer Level Test System: A cost-effective system aimed at lower volume or development testing of wafers. It's used for a variety of semiconductor devices. Market share information is not explicitly public. Advantest and Teradyne are indirect competitors.
Market Dynamics
Industry Overview
The semiconductor test equipment industry is driven by the increasing complexity and performance requirements of semiconductors. Growth is fueled by automotive, data centers, and renewable energy applications, particularly silicon carbide and gallium nitride devices.
Positioning
Aehr Test Systems is positioned as a key player in wafer-level burn-in and test solutions, particularly for advanced semiconductors like SiC and GaN. Its competitive advantage lies in its specialized focus and technology in parallel wafer testing.
Total Addressable Market (TAM)
The total addressable market for wafer-level burn-in and test is estimated to be in the hundreds of millions of dollars. Aehr is focused on capturing a significant portion of this TAM, particularly within the SiC and GaN markets. Based on market reports, the SiC power device market TAM is expanding, giving Aehr a strong future outlook.
Upturn SWOT Analysis
Strengths
- Specialized expertise in wafer-level burn-in and test.
- Strong positioning in the SiC and GaN markets.
- Proprietary technology in parallel wafer testing.
- Established customer base in key semiconductor markets.
Weaknesses
- Relatively small company size compared to industry giants.
- Concentration of revenue in a few key customers.
- Susceptibility to cyclical downturns in the semiconductor industry.
- Limited product diversification.
Opportunities
- Growing demand for SiC and GaN devices in automotive and energy applications.
- Expansion into new semiconductor markets.
- Development of new test and burn-in technologies.
- Strategic partnerships and acquisitions.
Threats
- Intense competition from larger test equipment manufacturers.
- Technological obsolescence.
- Economic downturns affecting semiconductor demand.
- Supply chain disruptions.
Competitors and Market Share
Key Competitors
- Advantest (ATEYY)
- Teradyne (TER)
- Cohu (COHU)
Competitive Landscape
Aehr competes with larger, more diversified test equipment manufacturers. Aehr's advantage lies in its specialized focus and expertise in wafer-level burn-in and test, particularly for SiC and GaN. Aehr can often deliver higher performance and better focus on niche markets that these companies can't.
Growth Trajectory and Initiatives
Historical Growth: Aehr has experienced strong revenue growth in recent years, driven by the adoption of SiC and GaN semiconductors.
Future Projections: Analysts project continued revenue growth for Aehr, driven by the expanding SiC and GaN markets, and expansion into new markets like silicon photonics. Revenue estimates are around $85 to $100 million for the next fiscal year.
Recent Initiatives: Recent initiatives include expanding its customer base, developing new test solutions for advanced semiconductors, and investing in research and development.
Summary
Aehr Test Systems is a strong player in the semiconductor test equipment market, particularly in the rapidly growing SiC and GaN sectors. Its specialized focus, proven technology, and established customer base provide a solid foundation for future growth. However, Aehr faces competition from larger companies and must manage its reliance on a few key customers. Future growth will be dependent on capturing a bigger share of the SiC/GaN market and successful development of products to enter new high growth markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Analyst Reports
- Industry News Articles
- Company Investor Relations Materials
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data is based on estimates and may not be precise. Financial data is as of the latest available filings and is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Aehr Test Systems
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 1997-08-14 | President, CEO & Director Mr. Gayn Erickson | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 115 | Website https://www.aehr.com |
Full time employees 115 | Website https://www.aehr.com | ||
Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The company also offers FOX-CP system, a low-cost single-wafer compact test solution for logic, memory, and photonic devices; and FOX WaferPak Contactor, a full wafer contactor capable of testing wafers up to 300mm that enables integrated circuit manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. In addition, it provides FOX DiePak Carrier, which allows testing, burning in, and stabilization of singulated bare die and modules; and FOX DiePak Loader. The company was incorporated in 1977 and is headquartered in Fremont, California.
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