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Upturn AI SWOT - About
AEHR 
Aehr Test Systems (AEHR)
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Upturn Advisory Summary
10/30/2025: AEHR (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $24
1 Year Target Price $24
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.41% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 810.18M USD | Price to earnings Ratio - | 1Y Target Price 24 |
Price to earnings Ratio - | 1Y Target Price 24 | ||
Volume (30-day avg) 2 | Beta 2.48 | 52 Weeks Range 6.27 - 34.35 | Updated Date 10/29/2025 |
52 Weeks Range 6.27 - 34.35 | Updated Date 10/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.22 |
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 2025-10-06 | When After Market | Estimate 0.0313 | Actual 0.01 |
Profitability
Profit Margin -11.71% | Operating Margin (TTM) -35.07% |
Management Effectiveness
Return on Assets (TTM) -3.59% | Return on Equity (TTM) -5.44% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 953000863 | Price to Sales(TTM) 14.26 |
Enterprise Value 953000863 | Price to Sales(TTM) 14.26 | ||
Enterprise Value to Revenue 16.16 | Enterprise Value to EBITDA 29.81 | Shares Outstanding 30006590 | Shares Floating 26556732 |
Shares Outstanding 30006590 | Shares Floating 26556732 | ||
Percent Insiders 5.6 | Percent Institutions 60.04 |
Upturn AI SWOT
Aehr Test Systems
Company Overview
History and Background
Aehr Test Systems was founded in 1977 and specializes in test and burn-in equipment for semiconductor devices, focusing on wafer-level testing of memory, logic, and photonic devices. They've adapted to changing industry needs, focusing on advanced technologies.
Core Business Areas
- WaferPak Contactors: Aehr offers WaferPak full-wafer contactors which help make electrical contact to all devices on a full wafer at once. The contactors are used for burn-in and functional testing of wafers.
- Test Systems: Aehr produces automated test and burn-in systems used for semiconductor reliability and quality testing. This includes the ABTS and FOX families of test systems.
- Services: Aehr offers support, training, and field service for its products.
Leadership and Structure
Gayn Erickson is the CEO. The company has a typical corporate structure with departments for engineering, sales, marketing, and finance.
Top Products and Market Share
Key Offerings
- FOX-XP and FOX-NP Systems: Wafer and singulated die/module test and burn-in systems. Market share data is difficult to pinpoint exactly, but Aehr is a leader in wafer-level burn-in. Competitors include Advantest and Teradyne in the broader testing market, though Aehr focuses more specifically on wafer-level burn-in and test.
- WaferPaks: Full wafer contactors used for electrical testing and burn-in. Market share varies by specific application, but Aehr holds a significant position within its niche. Competitors exist but typically offer more general purpose testing solutions, not wafer-level specifically.
Market Dynamics
Industry Overview
The semiconductor testing equipment industry is driven by the demand for high-quality, reliable semiconductors. Trends include increasing complexity of devices, the need for higher throughput testing, and focus on wafer-level testing.
Positioning
Aehr Test Systems is a niche player focused on wafer-level burn-in and test. Their competitive advantage lies in their specialized expertise and technology in this area.
Total Addressable Market (TAM)
TAM for semiconductor test equipment is large and growing, estimated to be in the billions of USD. Aehr Test System is positioning itself to capitalize on the market segment for wafer-level test and burn-in.
Upturn SWOT Analysis
Strengths
- Specialized expertise in wafer-level burn-in and test
- Strong customer relationships
- Innovative technology
- Proprietary WaferPak contactor technology
Weaknesses
- Relatively small company
- Dependence on a few key customers
- Susceptible to economic cycles in the semiconductor industry
- Concentration in a niche market segment
Opportunities
- Growth in electric vehicles (SiC market)
- Expansion of advanced packaging technologies
- Increasing demand for high-reliability semiconductors
- Growing market for silicon photonics
Threats
- Competition from larger, more diversified test equipment companies
- Technological changes in the semiconductor industry
- Economic downturns
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- ADNT
- TER
Competitive Landscape
Aehr is smaller and more focused than ADNT and TER. This allows them to have specialized expertise, but it also makes them vulnerable to competition.
Major Acquisitions
EOS MEMS
- Year: 2024
- Acquisition Price (USD millions): 18.6
- Strategic Rationale: Expands wafer contacting solutions portfolio.
Growth Trajectory and Initiatives
Historical Growth: Aehr's growth has been cyclical, dependent on the semiconductor industry's demand. Growth has accelerated recently due to demand for their SiC testing solutions.
Future Projections: Analyst projections vary. They anticipate growth aligned with the semiconductor industry expansion. Guidance is often provided on investor calls.
Recent Initiatives: Focus on expanding into new markets such as Silicon Carbide (SiC) and strategic partnerships to grow revenue.
Summary
Aehr Test Systems is a niche player in the semiconductor test equipment market, specializing in wafer-level burn-in and test. They are smaller than their major competitors but have strong expertise in their focus area. SiC market opportunity is driving recent growth and continued success depends on expanding market share, managing supply chain risks, and competition.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Aehr Test Systems Investor Relations
- Company SEC Filings
- Analyst Reports
- Industry Reports
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly.
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 136 | Website https://www.aehr.com |
Full time employees 136 | 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 in the United States, Asia, and Europe. 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 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 also 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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