All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2019-08-27.
From the record
Aehr Test Systems' filings since 2017 show 2 warning events: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2019-08-27) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+11.4% a year over 10 filed years; profitable in 4 of 10.
From the record
Aehr Test Systems' 10 filed years say what it did: revenue went from $19 million in fiscal 2017 to $50 million in fiscal 2026, up 11.4% a year; it rose in 5 of 9 years; the deepest fall was 44% from fiscal 2018 to fiscal 2021; net income was positive in 4 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 1.6% a year. 0% of cash flow returned. Insiders: 73 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2026-05-29, Aehr Test Systems' diluted share count grew about 1.6% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 73 sales and 0 purchases of their own stock on the open market in the year to 2026-11-02 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE -3%: lost 3¢ per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2026-05-29, Aehr Test Systems lost about 3 cents for every dollar of shareholders' money, and gross profitability: its products earned about 7 cents per dollar of everything the company owns. Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count grew 3.7% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 18% of 10 in its family; net margin -14.3%.
From the record
Aehr Test Systems' standing among 10 graded names in its industry family: revenue of $50 million in fiscal 2026 ranks in the bottom 15% by size; a net margin of -14.3% ranks in the bottom 25%; revenue growth of -8.4% a year over the last 3 filed years ranks in the bottom 15% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 31% of 9 in its family for leadership; chief executive since 2012.
From the record
Aehr Test Systems' leadership, from its insiders' filings and its current reports: the chief executive on the record is Erickson, Gayn (President and CEO, as filed), filing under that title since 2012-01-11, 14.8 years (top 19% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 5.8 years (top 50%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 42% of 10 in its family for room to expand.
From the record
Aehr Test Systems' room to grow, from the newest filed statements (fiscal 2026): cash of $116 million against no long-term debt tagged leaves 47.2% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -10.8% of revenue (bottom 15%); a gross margin of 35.3% (bottom 39%); research spending of 25.3% of revenue (top 19%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 42% of 10 in its family for growth drivers.
From the record
Aehr Test Systems' growth drivers, from the filed years to fiscal 2026: revenue grew -8.4% a year over the last three filed years against 11.4% over all 10, slowing (bottom 15% of its family); the newest year grew -15.3% (bottom 5%); research spending grew 21% a year (top 19%); capital spending grew 14.9% a year (top 35%) (its annual reports). Aehr Test Systems tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 22% of 10 in its family for expectations against reality.
From the record
Aehr Test Systems' newest year against its own record: revenue of $50 million in fiscal 2026 came in 11% below the $56 million its prior three years' pace pointed to (bottom 35% of its family); net income of $7 million against a prior three-year average of $15 million (bottom 25%); a net margin of -14.3% against 21.9% before (bottom 5%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made