Filing Flows › Aehr Test Systems (AEHR) › Q2 2026
Aehr Test Systems (AEHR) Q2 2026 earnings results (second quarter 2026)
10-K filed Jul 27, 2026
Aehr Test Systems (AEHR) reported revenue of $18.8M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +83% from the quarter before. Operating margin was -6.4%, net earnings $1.4M (7.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.8M | +83% | +34% |
| Operating profit | −$1.2M | — | — |
| Net earnings | $1.4M | — | — |
| Operating cash flow | $1.8M | — | — |
| Free cash flow | $1.7M | — | — |
What changed
Revenue was $18.8M in Q2 2026, up 34% year over year and up 83% from the previous quarter. Systems was the largest line at 59% of revenue.
Gross margin was 42.6%, up 12.3 points from Q2 2025. Operating costs exceeded revenue by $1.2M, an operating margin of -6.4%. Operating expenses grew 23% against revenue growth of 34%. The fastest-growing cost line was SG&A (+42%). Net earnings were $1.4M. Non-operating items added $751K, -165% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.8M, 132% of net earnings. Non-cash charges added back $689K of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $134K left free cash flow of $1.7M.
Questions
What was Aehr Test Systems' revenue in the second quarter 2026?
Aehr Test Systems (AEHR) reported revenue of $18.8M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +83% from the quarter before.
Was Aehr Test Systems profitable in the second quarter 2026?
Operating loss was $1.2M (-6.4% of revenue) and net earnings $1.4M.
Source: Aehr Test Systems 10-K on SEC EDGAR.