Aehr Test Systems (AEHR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 10.31M | 9.88M | 10.97M | 14.09M | 18.31M | 13.45M | 13.12M | 16.6M | 7.56M | 21.43M | 20.62M | 22.27M | 17.21M | 14.81M | 10.67M | 20.29M | 15.28M | 9.61M | 5.65M | 7.64M |
| Revenue Growth % | -43.67% | -26.53% | -16.39% | -15.13% | 142.06% | -37.23% | -36.39% | -25.46% | -56.04% | 44.66% | 93.27% | 9.76% | 12.58% | 54.15% | 89% | 165.63% | 190.17% | 471.06% | 180.62% | 102.44% |
| Cost of Goods Sold | 6.95M | 7.34M | 7.25M | 9.82M | 11.12M | 8.05M | 6.04M | 8.15M | 4.41M | 10.47M | 10.64M | 10.79M | 8.33M | 6.9M | 6.19M | 9.82M | 8.89M | 5.09M | 3.37M | 4.1M |
| COGS % of Revenue | 67.34% | 74.25% | 66.1% | 69.68% | 60.76% | 59.86% | 46.05% | 49.11% | 58.27% | 48.87% | 51.6% | 48.45% | 48.42% | 46.6% | 58.01% | 48.41% | 58.14% | 52.98% | 59.6% | 53.73% |
| Gross Profit | 3.37M | 2.54M | 3.72M | 4.27M | 7.18M | 5.4M | 7.08M | 8.45M | 3.16M | 10.96M | 9.98M | 11.48M | 8.88M | 7.91M | 4.48M | 10.47M | 6.4M | 4.52M | 2.28M | 3.53M |
| Gross Margin % | 32.66% | 25.75% | 33.9% | 30.32% | 39.24% | 40.14% | 53.95% | 50.89% | 41.73% | 51.13% | 48.4% | 51.55% | 51.58% | 53.4% | 41.99% | 51.59% | 41.86% | 47.02% | 40.4% | 46.27% |
| Gross Profit Growth % | -53.11% | -52.87% | -47.46% | -49.43% | 127.6% | -50.72% | -29.09% | -26.4% | -64.44% | 38.52% | 122.74% | 9.66% | 38.74% | 75.06% | 96.45% | 196.21% | 237.75% | 1098.67% | 904.85% | 3900% |
| Operating Expenses | 7.6M | 7.41M | 7.79M | 6.61M | 8.3M | 6.91M | 6.92M | 5.91M | 5.2M | 5.49M | 5.87M | 5.84M | 5.08M | 4.43M | 4.02M | 4.65M | 4.14M | 3.8M | 3.27M | 2.93M |
| OpEx % of Revenue | 73.66% | 74.93% | 70.97% | 46.93% | 45.35% | 51.39% | 52.74% | 35.58% | 68.78% | 25.62% | 28.44% | 26.22% | 29.54% | 29.88% | 37.7% | 22.91% | 27.1% | 39.56% | 57.99% | 38.4% |
| Selling, General & Admin | 4.43M | 4.43M | 4.72M | 3.93M | 5.16M | 4.64M | 4.56M | 3.76M | 3.06M | 3.52M | 3.41M | 3.59M | 3.25M | 2.88M | 2.52M | 2.99M | 2.61M | 2.49M | 1.95M | 1.9M |
| SG&A % of Revenue | 42.96% | 44.86% | 43% | 27.87% | 28.2% | 34.47% | 34.74% | 22.63% | 40.5% | 16.42% | 16.53% | 16.11% | 18.89% | 19.41% | 23.66% | 14.75% | 17.09% | 25.9% | 34.59% | 24.93% |
| Research & Development | 3.17M | 2.97M | 2.85M | 2.69M | 3.14M | 2.28M | 2.36M | 2.15M | 2.14M | 1.97M | 2.46M | 2.25M | 1.83M | 1.55M | 1.5M | 1.66M | 1.53M | 1.31M | 1.32M | 1.03M |
| R&D % of Revenue | 30.71% | 30.07% | 25.97% | 19.06% | 17.15% | 16.92% | 18% | 12.96% | 28.28% | 9.2% | 11.91% | 10.12% | 10.65% | 10.47% | 14.04% | 8.16% | 10% | 13.66% | 23.4% | 13.47% |
| Other Operating Expenses | 0 | 0 | 219K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -4.23M | -4.87M | -4.07M | -2.34M | -1.12M | -1.51M | 159K | 2.54M | -2.05M | 5.47M | 4.12M | 5.64M | 3.79M | 3.48M | 458K | 5.82M | 2.26M | 717K | -993K | 601K |
| Operating Margin % | -41.01% | -49.24% | -37.07% | -16.61% | -6.11% | -11.25% | 1.21% | 15.31% | -27.05% | 25.51% | 19.95% | 25.32% | 22.04% | 23.52% | 4.29% | 28.69% | 14.76% | 7.46% | -17.59% | 7.87% |
| Operating Income Growth % | -277.93% | -221.68% | -2657.23% | -192.09% | 45.31% | -127.67% | -96.14% | -54.94% | -153.94% | 56.9% | 798.47% | -3.11% | 68.13% | 386.05% | 146.12% | 868.39% | 446.01% | 136.88% | 54.6% | 122.93% |
| EBITDA | -3.37M | -4M | -3.14M | -1.32M | -210K | -620K | 725K | 2.91M | -1.67M | 5.61M | 4.25M | 5.75M | 3.94M | 3.59M | 547K | 5.9M | 2.33M | 793K | -920K | 672K |
| EBITDA Margin % | -32.67% | -40.43% | -28.66% | -9.37% | -1.15% | -4.61% | 5.53% | 17.55% | -22.15% | 26.19% | 20.62% | 25.83% | 22.89% | 24.21% | 5.13% | 29.08% | 15.27% | 8.25% | -16.29% | 8.8% |
| EBITDA Growth % | -1504.29% | -544.52% | -533.66% | -145.31% | 87.46% | -111.05% | -82.95% | -49.36% | -142.52% | 56.48% | 677.51% | -2.53% | 68.84% | 352.33% | 159.46% | 778.13% | 503.63% | 142.61% | 56.29% | 126.51% |
| D&A (Non-Cash Add-back) | 860K | 871K | 922K | 1.02M | 909K | 893K | 566K | 372K | 371K | 145K | 138K | 113K | 146K | 102K | 89K | 81K | 77K | 76K | 73K | 71K |
| EBIT | -4M | -4.44M | -3.85M | -2.99M | -874K | -1.25M | 814K | 3.12M | -1.46M | 6.11M | 4.69M | 6.12M | 4.15M | 3.74M | 603K | 5.8M | 2.27M | 752K | 728K | 578K |
| Net Interest Income | 240K | 194K | 179K | 222K | 270K | 228K | 681K | 592K | 584K | 631K | 581K | 487K | 374K | 263K | 121K | 22K | 1K | -1K | -9K | -11K |
| Interest Income | 240K | 194K | 179K | 222K | 270K | 228K | 681K | 592K | 584K | 631K | 581K | 487K | 374K | 263K | 121K | 22K | 1K | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 9K | 11K |
| Other Income/Expense | 228K | 423K | 1.23M | -646K | 245K | 268K | 655K | 582K | 582K | 641K | 575K | 483K | 356K | 258K | 145K | -16K | 11K | 34K | 1.71M | -34K |
| Pretax Income | -4M | -4.44M | -2.84M | -2.99M | -874K | -1.25M | 814K | 3.12M | -1.46M | 6.11M | 4.69M | 6.12M | 4.15M | 3.74M | 603K | 5.8M | 2.27M | 751K | 719K | 567K |
| Pretax Margin % | -38.8% | -44.96% | -25.85% | -21.19% | -4.77% | -9.25% | 6.2% | 18.81% | -19.36% | 28.51% | 22.74% | 27.49% | 24.11% | 25.26% | 5.65% | 28.61% | 14.83% | 7.81% | 12.73% | 7.42% |
| Income Tax | -798K | -1.21M | -752K | -87K | -231K | -217K | 154K | -20.74M | 7K | 20K | 16K | 11K | 17K | 18K | 14K | 10K | 24K | 34K | 23K | 0 |
| Effective Tax Rate % | 19.95% | 27.32% | 26.52% | 2.91% | 26.43% | 17.43% | 18.92% | -664.14% | -0.48% | 0.33% | 0.34% | 0.18% | 0.41% | 0.48% | 2.32% | 0.17% | 1.06% | 4.53% | 3.2% | 0% |
| Net Income | -3.2M | -3.23M | -2.08M | -2.9M | -643K | -1.03M | 660K | 23.86M | -1.47M | 6.09M | 4.67M | 6.11M | 4.13M | 3.73M | 589K | 5.79M | 2.24M | 717K | 696K | 567K |
| Net Margin % | -31.06% | -32.68% | -19% | -20.58% | -3.51% | -7.64% | 5.03% | 143.76% | -19.45% | 28.41% | 22.66% | 27.44% | 24.01% | 25.14% | 5.52% | 28.56% | 14.68% | 7.46% | 12.33% | 7.42% |
| Net Income Growth % | -398.13% | -214.2% | -415.76% | -112.15% | 56.29% | -116.88% | -85.88% | 290.51% | -135.6% | 63.46% | 693.55% | 5.47% | 84.22% | 419.53% | -15.37% | 921.87% | 405.17% | 136.47% | 550.47% | 119.65% |
| Net Income (Continuing) | -3.2M | -3.23M | -2.08M | -2.9M | -643K | -1.03M | 660K | 23.86M | -1.47M | 6.09M | 4.67M | 6.11M | 4.13M | 3.73M | 589K | 5.79M | 2.24M | 717K | 696K | 567K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.10 | -0.11 | -0.07 | -0.10 | -0.02 | -0.03 | 0.02 | 0.81 | -0.05 | 0.20 | 0.16 | 0.21 | 0.14 | 0.13 | 0.02 | 0.20 | 0.08 | 0.03 | 0.03 | 0.02 |
| EPS Growth % | -362.96% | -217% | -412.11% | -112% | 57.65% | -116.97% | -85.86% | 292.06% | -136.25% | 59.64% | 669.27% | 1.87% | 81.08% | 406.32% | -25.18% | 755.7% | 349.04% | 130.12% | - | 118.94% |
| EPS (Basic) | -0.10 | -0.11 | -0.07 | -0.10 | -0.02 | -0.03 | 0.02 | 0.82 | -0.05 | 0.21 | 0.16 | 0.22 | 0.15 | 0.14 | 0.02 | 0.21 | 0.08 | 0.03 | 0.03 | 0.02 |
| Diluted Shares Outstanding | 30.7M | 30.05M | 29.92M | 29.82M | 29.73M | 29.66M | 29.63M | 29.46M | 28.87M | 29.77M | 29.63M | 29.57M | 29.37M | 29.08M | 28.79M | 28.57M | 28.85M | 28.34M | 25.36M | 23.92M |
| Basic Shares Outstanding | 30.7M | 30.05M | 29.92M | 29.82M | 29.73M | 29.66M | 29.11M | 28.95M | 28.87M | 28.8M | 28.65M | 28.43M | 27.89M | 27.58M | 27.24M | 27M | 26.87M | 26.2M | 24M | 23.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |