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Overview
Advanced Energy designs and manufactures high voltage power supplies, power delivery systems, and power control modules for demanding high-tech and industrial markets. Its products convert and regulate electrical power to deliver precise, reliable performance in environments such as semiconductor manufacturing, medical devices, and solar photovoltaics. The company differentiates itself through a 35-year track record, a global footprint with 25 locations, nearly 11,000 employees, and a portfolio of 450 patents that support efficient power technology. Its goal is to provide high‑performance, efficient, and dependable power solutions that improve system reliability and productivity in critical applications.
About Advanced Energy
Industries
Hardware
Industrial & Manufacturing
Energy
Healthcare
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Denver, Colorado
Founded
1981
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Simplify's Take
What believers are saying
- August 3, 2026 revenue hit $574 million, up 30% year over year.
- Semiconductor revenue reached $278 million; second-half 2026 growth targets nearly 50%.
- Thailand starts Q4 2026; management guides low- to mid-30% 2026 growth.
What critics are saying
- Three customers drove 2025 revenue; losing one hyperscaler cuts 2027 momentum.
- Capex rose to $180 million-$195 million; Thailand delays hit 2026 margins.
- Tariff refunds lifted Q2 2026; gross margin loses that boost next quarter.
What makes Advanced Energy unique
- July 2026 AIH03ZPFC leads half-brick PFC modules with 97.3% efficiency.
- June 2026 ADH converters target 800V DC racks at 2,700W/in³ density.
- Thailand and Malaysia factories support rapid qualification for semiconductors and hyperscalers.
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Funding
Total Funding
$1.5B
Above
Industry Average
Funded Over
5 Rounds
Benefits
Health Insurance
Disability Insurance
Life Insurance
Health Savings Account/Flexible Spending Account
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
401(k) Company Match
Tuition Reimbursement
Mental Health Support
Pet Insurance
Legal Services
Employee Stock Purchase Plan
Performance Bonus
Stock Price
Growth & Insights and Company News
6 month growth
↑ 6%1 year growth
↑ 6%2 year growth
↑ 6%Advanced Energy reported Q2 2026 revenue of $574.1 million, beating analyst estimates of $543.6 million and marking 30% year-on-year growth. The manufacturing equipment and systems provider's non-GAAP earnings per share of $2.74 exceeded expectations by 23.8%. The company's Q3 guidance surprised analysts, with projected revenue of $640 million — 10.8% above consensus estimates. Operating margin improved to 16.6%, up from 7.2% in the prior year quarter. Following the results, Advanced Energy's stock jumped 10.2%. The company's market capitalisation stands at $11.01 billion. Advanced Energy provides power supplies, thermal management systems, and measurement instruments for manufacturing processes. Its semiconductor equipment segment, representing 48.5% of revenue, has driven recent growth with 9.9% average year-on-year expansion over two years.
Advanced Energy Industries Q2 earnings call highlights. August 3, 2026 Key points. * Record Q2 performance: Revenue rose 30% year over year to $574 million, while non-GAAP EPS increased 83% to $2.74 and operating margin reached a record 21.9%. Advanced Energy raised its full-year 2026 revenue-growth outlook to the low- to mid-30% range. * Strong semiconductor and data-center outlook: Semiconductor revenue reached a record $278 million, and the company expects semiconductor revenue to grow nearly 50% year over year in the second half of 2026. Data Center Computing revenue rose 35% year over year, with full-year growth now expected to be at least 50%. * Capacity and investment are increasing: Advanced Energy is expanding factories in Malaysia and Thailand, raising 2026 capital-expenditure guidance to $180 million-$195 million and increasing inventory to support customer ramps. It forecast approximately $640 million in Q3 revenue and expects gross margin to reach the 42% range in Q4. * MarketBeat previews top five stocks to own in September. Advanced Energy Industries NASDAQ: AEIS reported record second-quarter results that exceeded its guidance, citing stronger demand across semiconductor, data center computing, industrial and medical markets and factory execution that enabled it to capture upside during the period. Revenue rose 30% year over year and 12% sequentially to a record $574 million. Non-GAAP earnings per share increased 83% from a year earlier to $2.74, while gross margin improved 380 basis points to 41.9%. The company also posted record operating income of $125 million, with operating margin reaching 21.9%. "Demand strengthened in all of our target markets, and solid factory execution allowed us to capture upside within the quarter," President and CEO Steve Kelley said. The company expects record revenue in both the third and fourth quarters and raised its full-year revenue-growth outlook to the low- to mid-30% range from a prior low- to mid-20% range. Semiconductor revenue reaches record. Semiconductor revenue totaled a record $278 million in the second quarter, up 27% sequentially and 33% from a year earlier. Kelley said demand for semiconductor equipment is being supported by leading-edge memory and logic spending, as well as increasing etch and deposition intensity. The company expects semiconductor revenue in the second half of 2026 to rise nearly 50% year over year. Kelley said Advanced Energy is seeing customer acceptance of its plasma-power and system-power technologies, which it believes will support market-share gains in conductor etch, dielectric etch and deposition applications. Advanced Energy said customers have validated yield and throughput benefits from its eVerest and eVoS plasma-power platforms at the leading edge. The company also cited new system-power design wins in test, atomic layer deposition and thermal-sensing applications. During the question-and-answer session, Kelley said most of the expected semiconductor growth in the second half will come from existing products, although newer products are expected to make a larger contribution in 2027. Data Center outlook improves. Data Center Computing revenue was $192 million, down 1% from the first quarter but up 35% year over year. Chief Financial Officer Paul Oldham said demand improved during the quarter as customers resolved downstream supply-chain constraints, positioning the business for a stronger second half. Discover more Stock Screener Tool Options Profit Calculator The company now expects data-center revenue to grow at least 50% in 2026, following more than 100% growth in 2025. Kelley said the improved outlook reflects increased hyperscaler demand and additional program ramps. Advanced Energy said it serves four hyperscale customers and is also pursuing "second-wave" customers outside the largest hyperscalers. Kelley said those customers generally require less engineering support and can be served with derivatives of existing technology platforms. He said second-wave programs won in 2026 are expected to begin ramping in 2027, with the potential over time to reach revenue comparable to that of the company's largest hyperscale customer. The company is also developing modular power solutions for 800-volt data-center architectures. It said early production units have received positive customer feedback, though it expects initial production revenue in late 2027 and a more meaningful ramp in 2028. Kelley said the technology transition could increase Advanced Energy's power content per rack. Margins, Capacity and inventory investments. Second-quarter gross margin included a benefit from tariff refunds. Oldham said the company received the large majority of expected IEEPA tariff refunds during the quarter, contributing $0.04 per share to earnings. Excluding that benefit, gross margin was 40.7%, above the company's guidance range due to higher volume and favorable product mix. For the third quarter, Advanced Energy forecast revenue of approximately $640 million, plus or minus $20 million, with gross margin of 41% to 41.5%. It expects non-GAAP earnings per share of $3.00, plus or minus $0.25, on 41 million shares outstanding. The company expects fourth-quarter gross margin to reach the 42% range. Management said higher-value new products, volume growth and manufacturing improvements are expected to support further margin expansion. Kelley said the company has also taken pricing actions in mature product lines primarily to offset increased input costs, while seeking to remain price-cost neutral overall. * Operating cash flow rose to $86 million in the second quarter. * Capital expenditures totaled $50 million during the quarter. * Full-year 2026 capital expenditures are now projected at $180 million to $195 million. * Inventory increased by 10 days to 145 days as the company added strategic piece-part inventory to support customer ramps and manufacturing flexibility. Kelley said the company is expanding output at its Malaysia factories and expects first production revenue from its new Thailand factory in the fourth quarter. Advanced Energy is qualifying major semiconductor and data-center customers at the Thailand facility. When fully built out, the company expects its factory network to have roughly $5 billion of revenue-generating capacity. Industrial and Medical demand strengthens. Industrial and Medical revenue reached $80 million, increasing 11% sequentially and 17% year over year. The company said design wins are beginning to move into volume production and demand has improved across the broader market. Kelley said distribution-channel metrics improved, with resales, orders and inventory showing progress. The distribution channel represents roughly half of Industrial and Medical revenue. The company is also working to reduce overdue backlog and expects to catch up with demand in the second half. Management cited wins in therapeutic, imaging and life-science medical applications, along with test and measurement, factory automation, robotics, aerospace and defense. Kelley said Industrial and Medical bookings over the past three quarters were nearly double the level of the prior two years, supported by market recovery and new-product ramps. Advanced Energy ended the quarter with $1.4 billion in cash and equivalents and net cash of $132 million after completing a $1.15 billion zero-coupon convertible note offering due in 2031. The company redeemed $438 million of its 2028 convertible notes and plans to redeem the remaining $136 million in September. About Advanced Energy Industries (NASDAQ:AEIS). Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production. Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Advanced Energy Industries, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Energy Industries wasn't on the list. While Advanced Energy Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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Zacks Research analysts lift earnings estimates for AEIS. July 31, 2026 Key points. * Zacks Research raised Advanced Energy Industries' Q2 2027 EPS estimate to $1.61 from $1.53, while maintaining a "Hold" rating. The firm projects $2.19 EPS for Q4 2027 and $7.03 for full-year 2027. * Advanced Energy recently reported Q1 EPS of $2.09, exceeding the $1.97 consensus, while revenue rose 26.3% year over year to $511 million. * Analyst sentiment remains broadly positive, with 11 Buy ratings and three Holds producing a "Moderate Buy" consensus and an average price target of $404.25; institutional investors own 99.67% of the stock. * MarketBeat previews top five stocks to own in August. Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) - Zacks Research boosted their Q2 2027 earnings per share estimates for Advanced Energy Industries in a research note issued on Thursday, July 30th. Zacks Research analyst Team now expects that the electronics maker will earn $1.61 per share for the quarter, up from their previous estimate of $1.53. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Advanced Energy Industries' current full-year earnings is $7.96 per share. Zacks Research also issued estimates for Advanced Energy Industries' Q4 2027 earnings at $2.19 EPS and FY2027 earnings at $7.03 EPS. Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Monday, May 4th. The electronics maker reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.12. Advanced Energy Industries had a return on equity of 17.99% and a net margin of 10.00%.The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $505.81 million. During the same quarter in the previous year, the business earned $1.23 earnings per share. The company's revenue for the quarter was up 26.3% on a year-over-year basis. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. A number of other research analysts have also recently commented on AEIS. Citigroup upped their target price on shares of Advanced Energy Industries from $410.00 to $435.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Advanced Energy Industries from a "hold" rating to a "buy" rating in a research report on Saturday, June 27th. Morgan Stanley assumed coverage on shares of Advanced Energy Industries in a research note on Wednesday, July 22nd. They issued an "overweight" rating and a $421.00 price target on the stock. Susquehanna upped their price objective on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a "positive" rating in a report on Tuesday, June 30th. Finally, Robert W. Baird increased their price objective on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $404.25. Discover more ETF Screener Tool Advanced Energy Industries trading up 8.2%. Shares of NASDAQ:AEIS opened at $273.13 on Friday. The business has a 50-day moving average price of $321.12 and a 200 day moving average price of $319.90. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 57.50, a PEG ratio of 1.05 and a beta of 1.25. Advanced Energy Industries has a 12-month low of $128.40 and a 12-month high of $397.44. Institutional investors weigh in on Advanced Energy Industries. Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Advanced Energy Industries by 16.5% during the first quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker's stock worth $1,063,000 after buying an additional 1,578 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Advanced Energy Industries by 47.7% in the first quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker's stock valued at $51,000 after acquiring an additional 174 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Advanced Energy Industries in the first quarter valued at approximately $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Advanced Energy Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker's stock worth $2,123,000 after acquiring an additional 970 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Advanced Energy Industries during the 1st quarter worth approximately $228,000. Hedge funds and other institutional investors own 99.67% of the company's stock. Advanced Energy Industries dividend announcement. The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 25th were issued a $0.10 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Advanced Energy Industries's dividend payout ratio (DPR) is 8.42%. About Advanced Energy Industries. Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production. Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Advanced Energy Industries, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Energy Industries wasn't on the list. While Advanced Energy Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Advanced Energy unveils 1100W high-density PFC module. July 23, 2026 Advanced Energy Industries, a global leader in highly engineered, precision power conversion, measurement and control solutions, announced a new 1100 W board-mounted power factor correction (PFC) module - the industry's first solution of its kind in a half-brick form factor. Advanced Energy's AIH03ZPFC is designed for applications in industrial, medical, defense and telecommunications systems where size, thermal performance and efficiency are critical. Featuring a regulated, non-isolated 390 V[DC] output, the module delivers up to 97.3% peak efficiency - a 2.3% improvement over the company's previous-generation PFCs - and increases power density by 44% to 380 W/in[3]. The module includes features not typically associated with half-brick designs, such as internal inrush limiting and digital PMBus control and monitoring. Auxiliary power support enables external housekeeping functions while maintaining a compact footprint, allowing further miniaturization of customer power systems. "This represents a significant advancement in power design, enabled by proprietary AE technology," said David Richmond, Advanced Energy's senior vice president, High Volume Products. "By combining 1100 W of power with extensive integrated functionality, Advanced Energy's AIH03ZPFC reduces losses by 46% compared to prior designs and sets new standards for power delivery, peak efficiency and capability in a half-brick PFC module." A unity power factor across a wide 85 to 264 VAC input range and no power derating under low-input-voltage conditions simplify compliance and maximize usable power. The AIH03ZPFC is compatible with standard heatsinks and thermal solutions and can be deployed as a standalone PFC or paired with downstream DC-DC converters. Baseplate contact cooling supports -20 to +100°C operation, with startup as low as -40°C. The design features an encapsulated standard 2.4 x 2.3 in (61 x 58.4 mm) half-brick form factor with an installed height of 0.52 in (13.3 mm). Integrating digital control, onboard monitoring, and protection features in a standard half-brick form factor enables high-density system designs while enhancing performance visibility and control.
Advanced Energy launches 1100 W PFC module with the industry's highest power density in a half-brick form factor. Posted July 22, 2026. AIH03ZPFC integrates inrush control and digital management to reduce system size and complexity DENVER, Colo., July 22th, 2026 - Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced a new 1100 W board-mounted power factor correction (PFC) module - the industry's first solution of its kind in a half-brick form factor. Advanced Energy's AIH03ZPFC is designed for applications in industrial, medical, defense and telecommunications systems where size, thermal performance and efficiency are critical. Featuring a regulated, non-isolated 390 V[DC] output, the module delivers up to 97.3% peak efficiency - a 2.3% improvement over the company's previous-generation PFCs - and increases power density by 44% to 380 W/in[3]. The module includes features not typically associated with half-brick designs, such as internal inrush limiting and digital PMBus(R) control and monitoring. Auxiliary power support enables external housekeeping functions while maintaining a compact footprint, allowing further miniaturization of customer power systems. "This represents a significant advancement in power design, enabled by proprietary AE technology," said David Richmond, Advanced Energy's senior vice president, High Volume Products. "By combining 1100 W of power with extensive integrated functionality, Advanced Energy's AIH03ZPFC reduces losses by 46% compared to prior designs and sets new standards for power delivery, peak efficiency and capability in a half-brick PFC module." A unity power factor across a wide 85 to 264 VAC input range and no power derating under low-input-voltage conditions simplify compliance and maximize usable power. The AIH03ZPFC is compatible with standard heatsinks and thermal solutions and can be deployed as a standalone PFC or paired with downstream DC-DC converters. Baseplate contact cooling supports -20 to +100°C operation, with startup as low as -40°C. The design features an encapsulated standard 2.4 x 2.3 in (61 x 58.4 mm) half-brick form factor with an installed height of 0.52 in (13.3 mm). Integrating digital control, onboard monitoring, and protection features in a standard half-brick form factor enables high-density system designs while enhancing performance visibility and control.
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About Advanced Energy
Industries
Hardware
Industrial & Manufacturing
Energy
Healthcare
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Denver, Colorado
Founded
1981
Advanced Energy is Hiring for 111 Jobs on Simplify!
Find jobs on Simplify and start your career today