Sell AEHR by Aug 26, 2027.

Been looking into AEHR after this recent run and I’m curious what people here think. The growth story looks real. Bookings hit $60.7M, effective backlog is around $100.6M, and FY27 revenue guidance jumped to $130M–$150M. My issue is the valuation. At my Aug. 20 starting price of $105.97, I had AEHR trading above 20x the midpoint of FY27 revenue guidance on a cash-adjusted basis. At the same time, three customers still accounted for 51% of FY26 revenue, most orders can …