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Aehr Test Systems cash flow, quarter by quarter
Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$3.1M in Q3 2026
Analysis
In Q3 2026, Aehr Test Systems generated −$3.1M of operating cash flow and spent $49K on capital projects, leaving free cash flow of −$3.1M.
Operating cash flow was −$3.1M against net income of $7.2M — -0.4× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$10.7M, inventory −$9.0M, payables +$6.2M.
Its cash conversion cycle was 265 days (receivables 59 + inventory 256 − payables 49).
Free cash flow
Where the cash came from and went
From profit to cash
| Quarter | Receivable days | Inventory days | Payable days | Cash conversion cycle |
|---|---|---|---|---|
| Q3 2026 | 59 | 256 | 49 | 265 |
| Q2 2026 | 71 | 347 | 37 | 381 |
| Q1 2026 | 97 | 550 | 37 | 610 |
| Q4 2025 | 107 | 524 | 43 | 589 |
| Q3 2025 | 113 | 526 | 63 | 576 |
| Q2 2025 | 85 | 391 | 63 | 412 |
| Q1 2025 | 48 | 352 | 48 | 352 |
| Q4 2024 | 53 | 485 | 58 | 480 |
Every quarter
| Quarter | Operating cash flow | Capital spending | Acquisitions | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|
| Q3 2026 | −$3.1M | −$49K | — | $337K | $7.4M | −$3.1M |
| Q2 2026 | $1.8M | −$134K | — | $1.1M | −$79.4M | $1.7M |
| Q1 2026 | −$3.7M | −$74K | — | $58K | −$6.1M | −$3.8M |
| Q4 2025 | −$1.2M | −$467K | −$1.8M | $897K | −$6.3M | −$1.6M |
| Q3 2025 | −$282K | −$1.4M | — | $170K | $1.8M | −$1.7M |
| Q2 2025 | −$2.3M | −$2.8M | — | $515K | $4.9M | −$5.1M |
| Q1 2025 | −$1.6M | −$1.7M | −$460K | $63K | $3.8M | −$3.3M |
| Q4 2024 | −$5.9M | −$321K | — | $775K | $5.6M | −$6.2M |
Aehr Test Systems: income statement and cash flow
Aehr Test Systems, Q3 2026: revenue $33.0M, operating margin 18.3%. The chart follows the revenue to costs, profit and cash.
Aehr Test Systems: every quarter, Q/Q and Y/Y → Open in the app
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.