Aehr Test Systems Q1 revenue down 16% YoY to $11M; posts GAAP loss

AEHR TEST SYSTEMS

2026-Q1 EPS reported -$0.07 revenue$10,969,000

Revenue $11.0M, down from $13.1M in Q1 FY2025.
GAAP net loss $(2.1)M ($(0.07)/diluted share) vs net income $0.7M ($0.02) a year ago.
Non-GAAP net income $0.2M ($0.01/diluted share) vs $2.2M ($0.07) prior year.
Bookings $11.4M; backlog $15.5M, effective backlog $17.5M.
Cash and equivalents $24.7M vs $26.5M at end of May 2025.

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