Advanced Energy (AEIS) Q1 FY26 earnings call

Advanced Energy delivered a strong Q1 FY26, surpassing revenue guidance with record data center performance and achieving a 40.1% gross margin, the highest since 2019. The company raised its full-year revenue growth target to the low to mid-20% range, driven by strengthening demand across all markets, particularly semiconductor and data center. While Q2 data center revenue is expected to moderate due to customer-specific downstream constraints, the company is proactively managing inventory and capacity to capitalize on anticipated second-half growth and long-term opportunities, including the 8