AEHR (Aehr Test Systems) FCF Margin %: -36.49% (As of Feb. 2026)


AEHR Aehr Test Systems AEHR
62 GF Score
Price $98.79
GF Value $14.36
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Aehr Test Systems FCF Margin %?

Aehr Test Systems AEHR +3.77% 62 FCF Margin % is -36.49% as of Feb. 2026. GuruFocus rates AEHR with a GF Score™ of 62/100 and a GF Value™ of $14.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,023 Semiconductors companies, Aehr Test Systems ranks worse than 82.31% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Aehr Test Systems's Free Cash Flow for the three months ended in Feb. 2026 was $-3.76 Mil. Aehr Test Systems's Revenue for the three months ended in Feb. 2026 was $10.31 Mil. Therefore, Aehr Test Systems's FCF Margin % for the quarter that ended in Feb. 2026 was -36.49%.

As of today, Aehr Test Systems's current FCF Yield % is -0.39%.

The historical rank and industry rank for Aehr Test Systems's FCF Margin % or its related term are showing as below:

AEHR' s FCF Margin % Range Over the Past 10 Years
Min: -49.65   Med: -13.73   Max: 13.31
Current: -26.95


During the past 13 years, the highest FCF Margin % of Aehr Test Systems was 13.31%. The lowest was -49.65%. And the median was -13.73%.

AEHR's FCF Margin % is ranked worse than
82.31% of 1023 companies
in the Semiconductors industry
Industry Median: -0.76 vs AEHR: -26.95


Aehr Test Systems FCF Margin % Related Terms


Aehr Test Systems FCF Margin % Historical Data

* Premium members only.

The historical data trend for Aehr Test Systems's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aehr Test Systems FCF Margin % Chart

Aehr Test Systems Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.64 2.15 13.31 1.52 -21.01

Aehr Test Systems Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.81 -36.34 -15.25 -16.57 -36.49

AEHR vs AMBA, ICHR, COHU: FCF Margin % Comparison

For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aehr Test Systems FCF Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Aehr Test Systems's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Aehr Test Systems's FCF Margin % falls into.


AEHR
62GF Score
Aehr Test Systems AEHR
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aehr Test Systems FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Aehr Test Systems's FCF Margin for the fiscal year that ended in May. 2025 is calculated as

FCF Margin=Free Cash Flow (A: May. 2025 )/Revenue (A: May. 2025 )
=-12.392/58.968
=-21.01 %

Aehr Test Systems's FCF Margin for the quarter that ended in Feb. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=-3.763/10.313
=-36.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -36.49% mean?
Aehr Test Systems (AEHR) has a FCF Margin % of -36.49% as of Feb. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Aehr Test Systems and its competitors. According to the industry distribution chart, Aehr Test Systems ranks #842 out of 1023 companies in the Semiconductors industry, placing it in the top 82.3%.
Is Aehr Test Systems' FCF Margin % too high?
Aehr Test Systems' current FCF Margin % is -36.49%. Based on the distribution chart, Aehr Test Systems ranks #842 out of 1023 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Aehr Test Systems has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' FCF Margin % compare to AMBA and ICHR?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #842 out of 1023 companies for FCF Margin %. This places Aehr Test Systems in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Semiconductors company?
A good FCF Margin % depends on the Semiconductors industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Aehr Test Systems and its competitors. Aehr Test Systems's current FCF Margin % is -36.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aehr Test Systems stock overvalued right now?
Based on GuruFocus' analysis, Aehr Test Systems (AEHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.36, compared to a current price of $98.79 — trading 588% above its estimated fair value. The current FCF Margin % is -36.49%. Aehr Test Systems' overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current FCF Margin % is -36.49% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aehr Test Systems (AEHR) Overvalued in 2026?

Based on GuruFocus' analysis, Aehr Test Systems stock appears to be overvalued. The current stock price of $98.79 is trading 588% above its estimated GF Value™ of $14.36. GuruFocus considers Aehr Test Systems to be Significantly Overvalued.

Key valuation signals for AEHR:

  • FCF Margin %: -36.49%
  • GF Value™: $14.36 vs. price of $98.79 (588% above fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the AEHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aehr Test Systems Business Description

Other Exchanges AYB:Germany
Address 400 Kato Terrace, Fremont, CA, USA, 94539
Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.
62GF Score

Get the complete analysis for AEHR

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$98.79
Price
$14.36
GF Value