Aehr Test Systems (NASDAQ:AEHR) Shares Gap Up – Here’s What Happened

Aehr Test Systems (NASDAQ:AEHR)’s share price gapped up before the market opened on Friday . The stock had previously closed at $22.70, but opened at $23.90. Aehr Test Systems shares last traded at $23.7780, with a volume of 930,855 shares.

Key Aehr Test Systems News

Here are the key news stories impacting Aehr Test Systems this week:

• Positive Sentiment: Company announced more than $5.5M in orders for its Sonoma ultra‑high‑power systems to test and burn‑in AI CPUs/GPUs, validating demand for its next‑generation test equipment. Aehr Announces Over $5.5 Million in Sonoma Ultra-High-Power System Orders to Test and Burn-in AI Processors; Introduces New Fully-Automated Sonoma for Next-Generation AI Applications
• Positive Sentiment: Management reinstated fiscal 2026 guidance (targeting roughly $25M–$30M revenue) and signaled improving visibility into AI processor and data‑center bookings — a clear catalyst for sentiment improvement. Aehr reinstates fiscal 2026 guidance, targets 25M–30M revenue amid strong AI-driven bookings outlook
• Positive Sentiment: Some analysts/commentators view the December/earnings‑driven dip as a buying opportunity given AEHR’s exposure to AI test/burn‑in needs and recent order momentum. Here’s Why Shares in Aehr Test Systems Declined in December, But Looks a Great Buy Now
• Neutral Sentiment: Q2 earnings call highlighted strategy and bookings outlook; some call transcripts note better‑than‑expected commentary on margins/operating trends even as near‑term numbers were soft. Aehr Test Systems (NASDAQ:AEHR) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Q2 results were weak: revenue (~$9.9M) declined ~27% YoY and missed consensus, gross profit fell, and the company reported a larger loss and negative operating cash flow — core performance metrics that pressured the stock after the release. Aehr Test Systems (AEHR) Releases Q2 2026 Earnings: Revenue Decline and EPS Miss
• Negative Sentiment: Reports show recent insider sales and ongoing negative margins/cash burn — factors that increase investor scrutiny despite order momentum. Aehr Test Systems (AEHR) Releases Q2 2026 Earnings: Revenue Decline and EPS Miss

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Aehr Test Systems in a research report on Wednesday, October 8th. Zacks Research raised Aehr Test Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Craig Hallum set a $21.00 price target on Aehr Test Systems in a report on Friday. Finally, Lake Street Capital began coverage on shares of Aehr Test Systems in a research report on Wednesday, December 17th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Aehr Test Systems has a consensus rating of “Hold” and an average target price of $21.00.

Aehr Test Systems Trading Up 5.6%

The firm has a market cap of $719.37 million, a price-to-earnings ratio of -109.08 and a beta of 2.33. The firm’s 50 day simple moving average is $22.74 and its two-hundred day simple moving average is $22.43.

Aehr Test Systems (NASDAQ:AEHR) last announced its earnings results on Thursday, January 8th. The semiconductor company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). Aehr Test Systems had a negative return on equity of 2.41% and a negative net margin of 11.71%.The business had revenue of $9.88 million for the quarter, compared to the consensus estimate of $11.45 million. As a group, equities research analysts anticipate that Aehr Test Systems will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Aehr Test Systems

In other news, Director Howard T. Slayen sold 6,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $25.73, for a total transaction of $154,380.00. Following the sale, the director directly owned 218,328 shares of the company’s stock, valued at approximately $5,617,579.44. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming lifted its holdings in shares of Aehr Test Systems by 26.7% in the third quarter. State of Wyoming now owns 2,777 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 586 shares during the last quarter. CWM LLC increased its position in Aehr Test Systems by 15.1% during the 2nd quarter. CWM LLC now owns 6,062 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 793 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Aehr Test Systems in the 3rd quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its stake in Aehr Test Systems by 3,448.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,029 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Aehr Test Systems by 7.9% in the second quarter. JPMorgan Chase & Co. now owns 15,576 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 1,145 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

About Aehr Test Systems

Aehr Test Systems develops, manufactures and sells semiconductor test and burn-in equipment used by device manufacturers to ensure quality and reliability of integrated circuits. Its products are designed for wafer-level reliability assessment, functional test and stress screening of memory devices, system-on-chips, optical components and power semiconductors. By focusing on wafer-level burn-in and testing processes, the company helps reduce cost and improve yield for high-volume semiconductor production.

The company’s product portfolio includes FOX series wafer probe test and burn-in systems as well as ABTS burn-in ovens.