This Red-Hot Chip Stock Is Falling. Earnings Had 1 Big Miss.

Aehr Test Systems ’ losses beat expectations in the fiscal 2026 third quarter, but the semiconductor equipment maker’s revenue missed Wall Street projections. The Fremont, Calif.,-based maker of semiconductor test and reliability equipment late Tuesday posted a loss of 5 cents per share in the fiscal third-quarter, compared with a profit of 7 cents per share a year ago, with revenue totaling $10.3 billion, falling 44% from a year earlier. “We are very pleased with the strong momentum in our business across multiple market segments,” Aehr CEO Gayn Erickson said in the earnings release.