AEHR TEST SYSTEMS Segments Disclosure
16. SEGMENT INFORMATION
The Company's chief executive officer, who is the chief operating decision maker ("CODM"), reviews discrete financial information presented at the consolidated basis, to assess performance and allocate resources. There are no segment managers who are held accountable for operations or operating results below the consolidated unit level. Accordingly, the Company has only one reportable segment. The information for revenue category by type, geography and timing of revenue recognition, is summarized in Note 11, “Revenue.”
The CODM reviews consolidated expense information under the categories that are reported on the Consolidated Statement of Operations, for the purpose of allocating resources and evaluating financial performance.
Property and equipment information is based on the physical location of the assets. The following table presents property and equipment information for geographic areas:
|
| May 30, |
|
| May 31, |
| ||
(In thousands) |
| 2025 |
|
| 2024 |
| ||
| United States |
| $ | 8,892 |
|
| $ | 3,128 |
|
| International |
|
| 77 |
|
|
| 125 |
|
| Total property and equpment, net |
| $ | 8,969 |
|
| $ | 3,253 |
|
As of May 30, 2025, the operating lease right-of-use assets of $9.3 million and $0.3 million were allocated to the United States and international locations, respectively. As of May 31, 2024, operating lease right-of-use assets of $5.4 million and $0.3 million were allocated to the United States and international locations, respectively.
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jul 28, 2025 | Showing above |
| 2024 | Jul 30, 2024 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.