Filing Flows › Comparisons › TRNS vs AEHR
Transcat vs Aehr Test Systems: TRNS and AEHR compared
Transcat is the larger company: $97.1M of revenue in its latest quarter (Q2 FY27) against $33.0M for Aehr Test Systems (Q3 2026). Aehr Test Systems is more profitable, with an operating margin of 18.3% against 5.2%.
Where the money goes: TRNS and AEHR
Transcat (TRNS) · Q2 FY27
Transcat, Q2 FY27: revenue $97.1M (+18% year over year), operating margin 5.2%, net earnings $2.4M, operating cash flow $10.1M. The chart follows the revenue to costs, profit and cash.
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.
| Transcat (TRNS) | Aehr Test Systems (AEHR) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $97.1M | $33.0M |
| Revenue growth, Y/Y | +18% | — |
| Gross margin | 33.6% | 47.5% |
| Operating margin | 5.2% | 18.3% |
| Net earnings | $2.4M | $7.2M |
| Net margin | 2.5% | 21.8% |
| Operating cash flow | $10.1M | −$3.1M |
| Free cash flow | $6.1M | — |
| Market value | $767M | — |
| P/E | 171.0× | — |
| Analysts’ mean target | $109.60 | — |
Where the revenue comes from
Transcat
- Service Revenue: $64.8M (67%)
- Distribution Revenue: $32.3M (33%)
Aehr Test Systems
- Systems: $17.3M (52%)
- Contactors: $13.5M (41%)
- Services: $2.2M (7%)
Questions
Which is bigger, Transcat or Aehr Test Systems?
Transcat is the larger company: $97.1M of revenue in its latest quarter (Q2 FY27) against $33.0M for Aehr Test Systems (Q3 2026).
Is Transcat or Aehr Test Systems growing faster?
Aehr Test Systems is more profitable, with an operating margin of 18.3% against 5.2%.
More: Transcat earnings · how Transcat makes money · Aehr Test Systems earnings · how Aehr Test Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.