FY2026 10-K: revenue went from $59.0m to $50.0m while inventory went from $42.0m to $41.4m, down just 1.5%. Inventory now equals 82.7% of a year's revenue, and research spending rose 20.7% over the same year
Aehr Test Systems (AEHR) recorded revenue of $50.0m in fiscal 2026, down 15.2% from $59.0m. Over the same year inventory went from $42.0m to $41.4m, a fall of 1.5% — it effectively held its place. Year-end inventory equals 82.7% of a year's revenue.
Aehr Test Systems builds the equipment used to test semiconductors. Revenue this financial year came in below last year's. The value of goods held in the warehouse, though, barely changed. Spending on research went up rather than down. Meanwhile the money in the bank grew more than fourfold.
55 Filing score · Moderate
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The relationship between inventory and revenue is tabled in the subscriber section.
The comparison of this year's and last year's revenue is in the subscriber section.
What came in between the two is set out in the subscriber section.
Opening and closing cash, and operating cash flow, are in the subscriber section.
On SEC EDGAR, open Aehr Test Systems' fiscal 2026 10-K (accession 0001654954-26-006919) and read the balance sheet and statement of operations.
Open the filing cited at the bottom of the article (e.g. the 10-Q note number) on SEC EDGAR via the link at the end of the article.
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