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Advanced Energy

High voltage power supplies and systems

Firmware Engineer Intern

Summer 2026Updated
$25 - $35/hr
Internship
Master's, PhD
Eden Prairie, MN, USA
In PersonOn-site in Eden Prairie, MN; in-office and lab environment.
Software EngineeringEmbedded Engineering

About the job

Requirements
  • Programming ability in high level languages such as Python, HDL, C, C++, and/or assembly languages in embedded environment
  • Working knowledge of microcontrollers, field-programmable gate arrays, hardware circuit theory, and/or software development tools
  • Demonstrated proficiency with Windows-based platforms and with computer-based design and analysis tools, working knowledge of MS Office Suite
  • Ability to work in a lab environment debugging firmware, software, or embedded systems, and evaluating product spec compliance
  • Ability to work independently and as part of a team
  • Ability to meet schedule requirements and define priorities without direct supervision
  • Candidates working towards MS or PhD degrees in Electrical Engineering, Computer Engineering, or Computer Science
  • Preference for Embedded Systems and/or Controls focus
  • GPA greater than 3.25
Responsibilities
  • Development of embedded firmware for use in products
  • Development and implementation of control algorithms
  • Development of software for product interface in test and/or user environments
  • Active participation in a core team to meet schedule, cost, and customer satisfaction goals
  • Assist in development, testing, and debugging of prototype power supply units
  • Analyze test data and reports against functional and performance specifications
  • Interface with internal departments to ensure cost and schedule goals are met
Desired Qualifications
  • Ability to work with embedded systems, hardware, and read schematics
  • Familiarity with communication protocols such as Ethercat, Fieldbus, SPI, and I2C
  • Knowledgeable and/or experienced in emerging technologies including CyberSecurity and Machine Learning

About the company

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.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Denver, CO

Founded

1981

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Simplify's Take

What believers are saying

  • August 3, 2026 revenue hit $574 million, up 30%, with record semiconductor sales.
  • Management raised 2026 growth to low-to-mid-30% after Q2 and expects Q3 near $640 million.
  • Sept. 24, 2026 800-volt AI data-center and defense launches widen content per customer.

What critics are saying

  • Advanced Energy still leans on hyperscalers; one customer setback cuts 2027 revenue.
  • Solar Liberty v. Advanced Energy keeps defective inverter allegations alive through 2026.
  • Thailand ramp and $180 million-$195 million capex can miss, trapping inventory and margins.

What makes Advanced Energy unique

  • Sept. 24, 2026 DF150 adds MIL-STD 810H, MIL-STD 461G, and IP67 ruggedization.
  • July 22, 2026 AIH03ZPFC packed 1,100W into a half-brick with PMBus control.
  • August 2026 factory network spans Malaysia, Thailand, China, India, and U.S. engineering.

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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

Growth & Insights and Company News

6 month growth

9%

1 year growth

9%

2 year growth

9%
Yahoo Finance
Nov 3rd, 2026
Advanced Energy posts record $696M Q3 revenue, up 50%, and lifts 2026 growth outlook to 40%

Advanced Energy Industries reported record third-quarter 2026 revenue of $696 million, up 21% from the previous quarter and more than 50% from a year earlier. Non-GAAP earnings per share rose to $3.65, from $1.74 a year ago. Semiconductor revenue hit a record $322 million, and data center computing revenue reached a record $256 million. Gross margin was 42.1%, and operating income was a record $170 million. The company ended the quarter with $1.42 billion in cash and equivalents. Its new Thailand factory has begun generating revenue. For the fourth quarter, it expects revenue of about $735 million, plus or minus $25 million. It raised its 2026 revenue growth outlook to around 40% and sees 2027 growth near 30%.

Yahoo Finance
Nov 2nd, 2026
Advanced Energy beats forecasts with $115.6M Q3 profit on $696.4M revenue

Advanced Energy Industries Inc. (AEIS) reported third-quarter earnings of $115.6 million on Monday, beating Wall Street expectations. The Denver-based maker of power-conversion products earned $2.79 per share. Adjusted for stock option expense and non-recurring costs, earnings came to $3.65 per share. Seven analysts surveyed by Zacks Investment Research had expected $3.06. Revenue reached $696.4 million, above the $646.4 million that five analysts forecast. The company expects full-year earnings of $3.60 to $4.20 per share. Its shares closed near $217.69 on Monday, up 4% since the start of the year.

Yahoo Finance
Nov 2nd, 2026
Advanced Energy revenue jumps 50% to $696M as operating margin doubles to 20.6%

Advanced Energy Industries (NASDAQ:AEIS) grew third-quarter revenue 50% to about $696 million, and earnings per share under GAAP more than doubled to $2.80. Shares rose about 10% in early after-hours trading. Semiconductor equipment revenue rose 64% to $322 million. Data center computing revenue rose 49%. Both markets depend on AI spending. Operating margin doubled to 20.6% from 10.6% a year ago, as operating expenses rose just 17%. A higher tax rate kept net income from rising as fast. Cash lagged earnings. Inventory is up 57% since December, and operating cash flow covered only a little more than half of net income. The company guided fourth-quarter revenue of $710 million to $760 million.

Yahoo Finance
Nov 2nd, 2026
Advanced Energy Q3 revenue jumps 50% to $696M, beating estimates; shares surge 9.7%

Advanced Energy (NASDAQ:AEIS) reported third-quarter 2026 revenue of $696.4 million, up 50.3% year on year and 7.8% above analysts' consensus estimates of $646.1 million. Adjusted earnings per share were $3.65, beating estimates of $3.06. Operating margin rose to 20.6% from 10.6% a year earlier. Free cash flow margin fell to 3.9% from 11%. The company guided fourth-quarter revenue to $735 million at the midpoint, above the $696 million consensus. It expects adjusted EPS of $3.90, against estimates of $3.42. Shares rose 9.7% to $237.37 after the results. "We delivered record financial results again," said chief executive officer Steve Kelley, citing a Thailand factory ramp that is on track.

Yahoo Finance
Nov 1st, 2026
Advanced Energy Q3 preview: 39.5% revenue growth expected after $574.1M last quarter

Advanced Energy (NASDAQ:AEIS) will report third-quarter earnings on Monday afternoon. The market expects revenue to grow 39.5% year on year, up from 23.8% in the same quarter last year. In the previous quarter, the manufacturing equipment and systems provider reported revenue of $574.1 million, up 30% and ahead of analyst expectations. Its earnings per share guidance for the next quarter also beat estimates. Analysts have largely held their estimates over the past 30 days. Peers have reported mixed results: Bel Fuse beat revenue estimates by 1.6%, while Littelfuse missed by 2.9%. Advanced Energy shares are down 27.1% over the last month, trading at $221.84. The average analyst price target is $415.

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