Aehr Test Systems (NASDAQ: AEHR) Q1 2026 Earnings Overview

Core Insights - Aehr Test Systems reported Q1 2026 earnings with an EPS of $0.01, meeting market expectations, but revenue of $11 million fell short of the anticipated $13.7 million, raising investor concerns [1][5] - The company's stock declined by 25.7% following the earnings report, primarily due to a 16% year-over-year revenue decrease [2][5] - Aehr's bookings for the quarter were $11.4 million, with an effective backlog of $17.5 million, indicating potential future revenue growth [3][5] Financial Performance - The reported profit was a non-GAAP figure, while GAAP earnings showed a loss of $0.07 per share, contrasting with last year's Q1 profit of $0.02 per share [2][5] - Aehr Test Systems has a negative price-to-earnings ratio of -117.60 and a negative earnings yield of -0.85%, indicating challenges in profitability [4] - The company maintains a low debt-to-equity ratio of 0.087 and a strong current ratio of 7.06, suggesting solid liquidity despite cash flow generation issues [4]