AEHR FINANCIAL STATEMENTS

Aehr Test Systems — balance sheet, income statement and cash flow trends

AEHRAehr Test Systems

🇺🇸 USA · NASDAQ · Technology · Semiconductor Equipment & Materials

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue45.3 M $-26.4%

Gross Profit13.9 M $-50.5%

Operating Income-15.5 M $-22,897.1%

EBITDA-11.6 M $-354.6%

Net Income-11.4 M $-150.0%

Peer Comparison· Semiconductor Equipment & Materials

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AEHR	-26.4%	30.7%	-25.6%	-25.2%
HEXA-B	-6.3%	65.2%	66.1%	40.1%
KXS	16.5%	62.8%	24.7%	14.5%
360	33.6%	77.1%	7.2%	28.6%
NWL	23.4%	60.6%	21.3%	16.0%
OTEX	-0.9%	69.0%	30.3%	9.9%
Industry median	4.4%	43.4%	17.1%	8.2%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AEHR	-26.4%	30.7%	-25.6%	-25.2%
PLAB	0.5%	33.8%	37.2%	18.5%
COHU	23.1%	36.2%	1.8%	-11.5%
ICHR	7.4%	9.4%	-2.2%	-6.7%
AMBA	28.1%	58.3%	-10.4%	-17.2%
VECO	-7.7%	38.5%	8.7%	3.5%
Industry median	4.4%	43.4%	17.1%	8.2%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity138.8 M $88%
Current Liabilities8.7 M $6%
Long-term Liabilities9.5 M $6%

Key Figures

YoY change

Total Assets157 M $+7.9%

Total Liabilities18.3 M $-14.7%

Total Equity138.8 M $+11.7%

Cash & ST Investments36.9 M $+22.6%

Total Debt10 M $+55.7%

Net Debt-26.9 M $—

Peer Comparison· Semiconductor Equipment & Materials

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AEHR	10.97	7.2%	2.32	88.4%
HEXA-B	3.44	27.1%	0.38	66.9%
KXS	1.72	12.2%	-1.96	52.9%
360	5.36	55.2%	-3.34	57.4%
NWL	1.77	15.4%	-2.12	48.8%
OTEX	0.92	161.9%	3.30	29.7%
Industry median	3.21	19.0%	-0.41	65.3%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AEHR	10.97	7.2%	2.32	88.4%
PLAB	5.05	0.3%	-1.98	64.3%
COHU	6.43	42.5%	-18.20	62.3%
ICHR	2.82	23.8%	-3.25	68.7%
AMBA	2.43	2.2%	6.28	76.2%
VECO	4.23	29.6%	-2.15	65.3%
Industry median	3.21	19.0%	-0.41	65.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-6.8 M $—

Capital Expenditures4.8 M $+114.0%

Free Cash Flow-11.6 M $—

Dividends Paid——

Peer Comparison· Semiconductor Equipment & Materials

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AEHR	-15.1%	-25.6%	10.5%	59.8%
HEXA-B	32.0%	23.6%	8.5%	80.0%
KXS	24.9%	24.0%	0.9%	172.1%
360	20.6%	19.5%	1.1%	72.0%
NWL	39.8%	39.4%	0.5%	248.9%
OTEX	18.8%	15.6%	3.3%	190.4%
Industry median	16.3%	8.3%	5.9%	94.2%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AEHR	-15.1%	-25.6%	10.5%	59.8%
PLAB	32.8%	11.2%	21.6%	177.4%
COHU	10.8%	8.3%	2.5%	-94.0%
ICHR	2.6%	0.0%	2.6%	-38.6%
AMBA	8.2%	6.5%	3.9%	-47.5%
VECO	8.8%	6.5%	2.2%	248.4%
Industry median	16.3%	8.3%	5.9%	94.2%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 7, 26. This content is for informational purposes only and is not investment advice.