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Aehr Test Systems vs Frequency Electronics: AEHR and FEIM compared
Aehr Test Systems is the larger company: $33.0M of revenue in its latest quarter (Q3 2026) against $23.5M for Frequency Electronics (Q1 FY27). Frequency Electronics is more profitable, with an operating margin of 22.2% against 18.3%.
Where the money goes: AEHR and FEIM
Aehr Test Systems (AEHR) · Q3 2026
Aehr Test Systems, Q3 2026: revenue $33.0M, operating margin 18.3%, net earnings $7.2M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
Frequency Electronics (FEIM) · Q1 FY27
Frequency Electronics, Q1 FY27: revenue $23.5M (+70% year over year), operating margin 22.2%, net earnings $4.2M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Aehr Test Systems (AEHR) | Frequency Electronics (FEIM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $33.0M | $23.5M |
| Revenue growth, Y/Y | — | +70% |
| Gross margin | 47.5% | 45.8% |
| Operating margin | 18.3% | 22.2% |
| Net earnings | $7.2M | $4.2M |
| Net margin | 21.8% | 18.0% |
| Operating cash flow | −$3.1M | $2.6M |
| Free cash flow | — | $1.8M |
Where the revenue comes from
Aehr Test Systems
- Systems: $17.3M (52%)
- Contactors: $13.5M (41%)
- Services: $2.2M (7%)
Frequency Electronics
- Satellite Revenue: $11.8M (50%)
- Government Non Space Revenue: $11.1M (47%)
- Other Commercial Industrial Revenue: $605K (3%)
Questions
Which is bigger, Aehr Test Systems or Frequency Electronics?
Aehr Test Systems is the larger company: $33.0M of revenue in its latest quarter (Q3 2026) against $23.5M for Frequency Electronics (Q1 FY27).
Is Aehr Test Systems or Frequency Electronics growing faster?
Frequency Electronics is more profitable, with an operating margin of 22.2% against 18.3%.
More: Aehr Test Systems earnings · how Aehr Test Systems makes money · Frequency Electronics earnings · how Frequency Electronics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Sep 14, 2026). Fiscal quarters can end on different dates. Not investment advice.