Filing Flows › Aehr Test Systems (AEHR) › Q2 2026 › vs Q1 2026
Aehr Test Systems (AEHR) Q2 2026 vs Q1 2026 (quarter over quarter)
Aehr Test Systems's revenue rose $8.5M (+83%) from $10.3M in Q1 2026 to $18.8M in Q2 2026. The biggest changes: Systems +$5.4M (+93%); Contactors +$2.8M (+94%); Services +$332K (+22%).
Aehr Test Systems, Q2 2026: revenue $18.8M (+34% year over year), operating margin -6.4%, net earnings $1.4M, operating cash flow $1.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.0% | -36.5% | +45.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Systems | $11.1M | $5.8M | $5.4M | +93% |
| Contactors | $5.8M | $3.0M | $2.8M | +94% |
| Services | $1.9M | $1.5M | $332K | +22% |
| Revenue | $18.8M | $10.3M | $8.5M | +83% |
| Other income, net | $751K | $228K | $523K | +229% |
| Income tax benefit | $1.8M | $798K | $1.0M | +131% |
| Costs & expenses | $21.4M | $14.5M | $6.9M | +47% |
| Operating costs | $20.0M | $14.5M | $5.5M | +38% |
| Net earnings | $1.4M | −$3.2M | $4.6M | — |
| Cost of revenue | $10.8M | $6.9M | $3.9M | +56% |
| Research & development | $3.6M | $3.2M | $478K | +15% |
| SG&A | $5.6M | $4.4M | $1.1M | +26% |
| Operating cash sources | $3.9M | −$1.1M | $5.1M | — |
| Depreciation & amortization | $689K | $677K | $12K | +2% |
| Share-based compensation | $1.9M | $1.4M | $481K | +35% |
| Working capital & other | $2.1M | $2.5M | −$434K | -17% |
| Operating cash flow | $1.8M | −$3.7M | $5.5M | — |
| Free cash flow (OCF − capex) | $1.7M | −$3.8M | $5.5M | — |
| Capital expenditures | $134K | $74K | $60K | +81% |
Questions
How much did Aehr Test Systems's revenue grow quarter over quarter in Q2 2026?
Aehr Test Systems's revenue rose $8.5M (+83%) from $10.3M in Q1 2026 to $18.8M in Q2 2026.
What drove Aehr Test Systems's revenue change in Q2 2026?
Systems +$5.4M (+93%); Contactors +$2.8M (+94%); Services +$332K (+22%).