What move does the options market price into Aehr Test Systems's report?

Implied ±6.8%, either direction.

How often does Aehr Test Systems move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

AEHRNasdaqInstruments For Meas & Testing of Electricity & Elec Signals

Aehr Test Systems (AEHR) earnings date, market-implied expected move, and options open interest by expiry

59.49

Pre-market19:58 ETdelayed

Open66.70Volume8.8MMkt cap$2.1BEPS-0.23

Day58.25 – 67.9813%52-wk18.70 – 147.4032%

AEHR

Aehr Test Systems

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.8%implied · report alone

8Q avg ±22.0%·×0.31·cheap

56.6865.00

straddle ±30.7%

spot 60.84exp Jan 15ATM strike 60ATM straddle 22.00IV 104%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Jan 7

after close · in 63 days

est.Q2 FY27

Calendar

Next report

Last report

+26.50%

vs ±15.7% implied · ×1.69

shaded = implied · ▲▼ = realized

Nov 2 '26 · confirmed

Implied vs realized

Largest filed tie

26.00%

of AEHR revenue · Undisclosed customer (approximately 26% of net sales in fiscal 2026)

customerAEHR 10-K

Largest filed tie

13F top-10 QoQ

+43.31%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

266 managers

Top fund weight

0.09%

AEHR weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Aehr Test Systems (AEHR) is expected to report on Jan 7 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±18.1%
avg realized: ±22.0%

Jan 13 '25Jan 13 '25confirmed±15.5%▼−27.08%×1.75

Apr 8 '25Apr 8 '25confirmed±21.9%▲+29.20%×1.33

Jul 8 '25Jul 8 '25confirmed±18.8%▼−12.39%×0.66

Oct 6 '25Oct 6 '25confirmed±19.6%▼−17.38%×0.89

Q2 FY26Jan 8 '26confirmed±16.2%▲+15.95%×0.98

Q3 FY26Apr 7 '26confirmed±19.0%▲+25.69%×1.35

Q4 FY26Jul 14 '26confirmed±18.1%▲+21.91%×1.21

Nov 2 '26Nov 2 '26confirmed±15.7%▲+26.50%×1.69

quarterimplied−30%0+30%realized×

Nov '26±15.7%▲+26.50%×1.69

Q4 FY26±18.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 8 expiries · Nov 3 close

1.55OI · 8 expiries · Nov 3 closeP/C open interest · Jan 15 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

3,876+75%Nov 61d0.488,013+78%0.48

1,069+52%Nov 138d1.07995+28%1.07

6,180+2%Nov 2015d1.125,500+10%1.12

388+6%Nov 2722d0.48811+9%0.48

136+97%Dec 429d0.57238+120%0.57

6,186+4%Dec 1843d0.659,518+1%0.65

report · Jan 7 · after close · est.

ExpiryPutsCallsP/C

4 nearer expiries

Nov 61d3,876+75%8,013+78%0.48

Nov 138d1,069+52%995+28%1.07

Nov 2015d6,180+2%5,500

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±30.7%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

7.39%derived from FYnet margin · revenue +82.63% QoQ · +33.69% YoY

Revenue$19M+82.63%

Gross profit$8M42.57%+138.09%

Operating income−$1M−6.40%+71.48%

Pre-tax income−$455,000+88.63%

Net income$1M7.39%+143.43%

Cost of revenue$11M+55.74%

Operating expenses$9M+21.43%

Tax−$2M−131.33%

Other income$751,000+229.39%

Derived: FY − Q1–Q3 · QE May 29 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:45 ET

Intraday

Event sensitivity

NFP ×2.54· ±12.0% vs ±4.7% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±12.0%6 of 10×2.54

PPIproducer prices±6.5%4 of 10×1.38

GDPgross domestic product±5.7%10 of 19×1.22

PCEpersonal income & outlays±5.2%6 of 19×1.11

CPROFcorporate profits±4.8%6 of 12×1.02

FOMCrate decision±3.5%12 of 24×0.73

CPIconsumer prices±3.4%7 of 10×0.73

Bar = avg |move| to ±12% · tick = ±4.7% avg day · ×base = |move| ÷ ±4.7% · min 6 releases

Earnings history

EPS 0.05 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Jul 14 '26 · confirmed	0.05	—
Q3 FY26	Apr 7 '26 · confirmed	-0.10	—
Q2 FY26	Jan 8 '26 · confirmed	-0.11	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod