Filing Flows › Aehr Test Systems (AEHR) › Q2 2025
Aehr Test Systems (AEHR) Q2 2025 earnings results (second quarter 2025)
10-K filed Jul 28, 2025
Aehr Test Systems (AEHR) reported revenue of $14.1M for the second quarter 2025 (Q2 2025), -15% from a year earlier and -23% from the quarter before. Operating margin was -22.7%, net loss $2.9M (20.6% of revenue).
Aehr Test Systems, Q2 2025: revenue $14.1M (-15% year over year), operating margin -22.7%, net loss $2.9M, operating cash flow −$2.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.1M | -23% | -15% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$2.3M | — | — |
What changed
Revenue was $14.1M in Q2 2025, down 15% year over year and down 23% from the previous quarter. Systems was the largest line at 55% of revenue.
Gross margin was 30.3%, down 20.6 points from a year earlier. Operating costs exceeded revenue by $3.2M, an operating margin of -22.7%. Operating expenses grew 27% against a revenue fall of 15%. The fastest-growing cost line was Research & development (+25%). The quarter ended with a net loss of $2.9M, wider than the previous quarter's $643K loss.
Operating cash flow was −$2.3M. Non-cash charges added back $739K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Aehr Test Systems' revenue in the second quarter 2025?
Aehr Test Systems (AEHR) reported revenue of $14.1M for the second quarter 2025 (Q2 2025), -15% from a year earlier and -23% from the quarter before.
Was Aehr Test Systems profitable in the second quarter 2025?
Operating loss was $3.2M (-22.7% of revenue) and net loss $2.9M.
Source: Aehr Test Systems 10-K on SEC EDGAR.