Jun 2026 (Q2 FY26) — Aug 3, 2026
Advanced Energy Q2 FY26 — Record Revenue and EPS, Strong Demand Across All Markets
Read the full callAdvanced Energy (AEIS) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Advanced Energy earnings: last reported Mon, 3 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 574 | +30.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.6 | +9.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
46 of 52 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross margin | improve 20 to 50 basis points sequentially | Mar 2026 | Excluding the benefit of these refunds, gross margin was above our guidance range at 40.7%, driven by higher volume and favorable mix of new products. | Achieved |
| Operating expenses | $112 million to $114 million | Mar 2026 | Operating expenses of $115 million were slightly above our guidance range due to timing of program spending and variable costs. | Missed |
| CapEx | continue at or around Q4 levels | Dec 2025 | Finally, we now project our 2026 CapEx will be in the $180 million to $195 million range, up slightly from our previous outlook based on accelerated investments to support growth ahead. | Revised Down |
6 of ADVANCED ENERGY INDUSTRIES INC's 85 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 82 more targets are in the full ledger.
Claimed
- Record revenue of $574 million, exceeding the high end of guidance.
- Non-GAAP EPS of $2.74, up 83% YoY and above guidance.
- Gross margin improved 380 bps YoY to 41.9%, driven by higher volume and favorable mix.
- Record operating income of $125 million and operating margin of 21.9%.
- Increased full-year 2026 revenue growth outlook to low to mid-30% range, with strong contributions from Data Center Computing (at least 50% growth) and Semiconductor (almost 50% H2 YoY growth).
Qualified
- Operating expenses of $115 million were slightly above guidance due to timing of program spending and variable costs.
- Inventory increased 10 days to 145 days, impacting turns to 2.5x, due to strategic investments in piece part inventory.
- GAAP tax rate of 18.2% was higher than non-GAAP due to nondeductibility of certain costs related to convertible note retirement.
Price
$240.86 +1.18% · +$2.81
Performance +25.5% 1Y
1Y: $191.98 on 17 Oct 2025 → $240.86. High $389.05 (1 May 2026), low $188.88 (20 Nov 2025).
- Previous close
- $238.05
- 52-week range
- $188.88 – $389.05
- One year
- +21.99%
Overview
- Symbol
- AEIS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
46 of 52 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross margin | improve 20 to 50 basis points sequentially | Mar 2026 | Excluding the benefit of these refunds, gross margin was above our guidance range at 40.7%, driven by higher volume and favorable mix of new products. | Achieved |
| Operating expenses | $112 million to $114 million | Mar 2026 | Operating expenses of $115 million were slightly above our guidance range due to timing of program spending and variable costs. | Missed |
| CapEx | continue at or around Q4 levels | Dec 2025 | Finally, we now project our 2026 CapEx will be in the $180 million to $195 million range, up slightly from our previous outlook based on accelerated investments to support growth ahead. | Revised Down |
Claimed
- Record revenue of $574 million, exceeding the high end of guidance.
- Non-GAAP EPS of $2.74, up 83% YoY and above guidance.
- Gross margin improved 380 bps YoY to 41.9%, driven by higher volume and favorable mix.
- Record operating income of $125 million and operating margin of 21.9%.
- Increased full-year 2026 revenue growth outlook to low to mid-30% range, with strong contributions from Data Center Computing (at least 50% growth) and Semiconductor (almost 50% H2 YoY growth).
Qualified
- Operating expenses of $115 million were slightly above guidance due to timing of program spending and variable costs.
- Inventory increased 10 days to 145 days, impacting turns to 2.5x, due to strategic investments in piece part inventory.
- GAAP tax rate of 18.2% was higher than non-GAAP due to nondeductibility of certain costs related to convertible note retirement.
The full ledger
Open ADVANCED ENERGY INDUSTRIES INC’s full ledger
A free account opens 5 company ledgers a month. All 85 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 4, 2026
Advanced Energy Q1 FY26 — Record Data Center Revenue and Raised Full-Year Outlook
Read the full callEvery analysed call
Advanced Energy earnings calls (AEIS)
Financials
What the filings say
Net profit, against the quarter before: +2% (quarter to jun 2025 against mar 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 374 | 415 | 405 | 442 | 463 | 489 | 511 | 574 |
| Operating profit | -11 | 34 | 31 | 32 | 49 | 57 | 68 | 95 |
| Operating margin | −2.9% | 8.2% | 7.6% | 7.2% | 10.6% | 11.6% | 13.4% | 16.6% |
| Interest | 6 | 5 | 4 | 4 | 4 | 4 | 4 | 3 |
| Profit before tax | -14 | 41 | 30 | 29 | 52 | 57 | 70 | 67 |
| Tax rate | 2.8% | −20.9% | 16.7% | 13.0% | 11.3% | 8.2% | 3.9% | 18.2% |
| Net profit | -15 | — | 25 | 25 | — | — | — | — |
| EPS ($ per share) | -0.40 | — | 0.66 | 0.67 | 1.23 | — | 1.77 | 1.39 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 513 | 578 | 712 | 756 | 915 | 990 | 1,027 | 1,129 |
| Total liabilities | 209 | 855 | 832 | 946 | 926 | 1,413 | 1,055 | 1,175 |
| Fixed assets | 31 | 108 | 115 | 115 | 148 | 168 | 186 | 273 |
| Investments | 2 | 3 | 3 | 2 | — | — | — | — |
| Total assets | 816 | 1,532 | 1,648 | 1,817 | 1,992 | 2,557 | 2,262 | 2,546 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 151 | 48 | 201 | 140 | 184 | 209 | 131 | 233 |
| Cash from investing | -114 | -394 | -43 | -47 | -208 | -65 | -74 | -110 |
| Cash from financing | -97 | 339 | -30 | -25 | -62 | 446 | -377 | -56 |
| Net cash flow | -60 | -8 | 134 | 64 | -86 | 586 | -322 | 69 |
| Capital expenditure | -20 | -25 | -36 | -29 | -59 | -61 | -57 | -107 |
| Free cash flow | 131 | 23 | 165 | 111 | 125 | 148 | 74 | 126 |
AEIS revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Semiconductor Equipment | 53% | 55% | 55% | 47% | 42% | 43% | 43% | 48% | +32.8% |
| Data Center Computing | 22% | 21% | 24% | 32% | 37% | 36% | 38% | 33% | +35.2% |
| Industrial and Medical | 21% | 18% | 16% | 16% | 15% | 16% | 14% | 14% | +16.6% |
| Service and Other | 11% | 11% | 11% | 10% | 10% | 10% | 9% | 8% | +5.3% |
| Telecom and Networking | 5% | 6% | 5% | 5% | 5% | 4% | 5% | 4% | +11.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- Other Countries 33% ↓ 1 pt
- US 23% ↓ 13 pt
- MX 22% ↑ 11 pt
- MY 12%
- JP 11%
As AEIS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
105 filings between Nov 10, 2025 and Oct 5, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$34.52M
61 sales by 10 insiders
98% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 28
- Option exercise — converted options into shares
- 10
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Kelley Stephen Douglas | — | $15.83M | Mar 10, 2026 |
| Acebedo Eduardo Bernal | — | $7.81M | Aug 18, 2026 |
| Roush John A | — | $3.31M | Mar 4, 2026 |
| Oldham Paul R | — | $3.02M | Mar 18, 2026 |
| Vonne Elizabeth Karpinski | — | $1.42M | Sep 8, 2026 |
| Shirley Brian | — | $842.3K | Jun 15, 2026 |
| COLPITTS BERNARD RAYMOND JR | — | $833.2K | Mar 3, 2026 |
| DelSanto Anne | — | $652.5K | Oct 5, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | DelSanto Anne Director | Sale 10b5-1 plan | 270 | $82.3K |
| Sep 8, 2026 | DelSanto Anne Director | Sale 10b5-1 plan | 265 | $76.4K |
| Sep 8, 2026 | Vonne Elizabeth Karpinski EVP, General Counsel | Sale 10b5-1 plan | 632 | $182.1K |
| Aug 27, 2026 | Vonne Elizabeth Karpinski EVP, General Counsel | Sale 10b5-1 plan | 907 | $263.1K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 480 | $152.9K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 3,103 | $977.2K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 5,062 | $1.59M |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 637 | $205.5K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 3,998 | $1.25M |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Option exercise 10b5-1 plan | 6,042 | $519.4K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 2,951 | $920.1K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 720 | $231.0K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 416 | $134.0K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 425 | $137.4K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 407 | $133.4K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 335 | $108.7K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 280 | $92.0K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 120 | $39.7K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 568 | $176.5K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 1,280 | $405.7K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 1,403 | $448.1K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 406 | $125.8K |
| Aug 18, 2026 | Acebedo Eduardo Bernal EVP and COO | Sale 10b5-1 plan | 2,180 | $688.1K |
| Aug 18, 2026 | Vonne Elizabeth Karpinski EVP, General Counsel | Sale 10b5-1 plan | 908 | $302.1K |
| Aug 13, 2026 | BEARD GRANT H Director | Gift | 9,000 | $0 |
| Aug 5, 2026 | DelSanto Anne Director | Sale 10b5-1 plan | 270 | $93.2K |
| Jun 15, 2026 | Shirley Brian Director | Sale 10b5-1 plan | 1,234 | $459.5K |
| May 2, 2026 | Minnix Lanesha Director | Option exercise | 2,313 | — |
| May 2, 2026 | David Reed Director | Option exercise | 2,313 | — |
| May 2, 2026 | Shirley Brian Director | Option exercise | 2,313 | — |
| May 2, 2026 | Roush John A Director | Option exercise | 2,313 | — |
| May 2, 2026 | FOSTER RONALD C Director | Option exercise | 2,313 | — |
| May 2, 2026 | BEARD GRANT H Director | Option exercise | 3,029 | — |
| May 2, 2026 | BALL FREDERICK Director | Option exercise | 2,313 | — |
| May 2, 2026 | DelSanto Anne Director | Option exercise | 2,313 | — |
| May 2, 2026 | Donikowski Tina Director | Option exercise | 2,313 | — |
| Apr 16, 2026 | Vonne Elizabeth Karpinski EVP, General Counsel | Sale 10b5-1 plan | 966 | $356.8K |
| Apr 15, 2026 | DelSanto Anne Director | Sale 10b5-1 plan | 240 | $91.3K |
| Mar 18, 2026 | Oldham Paul R EVP, CFO | Sale 10b5-1 plan | 4,314 | $1.36M |
| Mar 16, 2026 | DelSanto Anne Director | Sale 10b5-1 plan | 240 | $75.0K |
| Mar 13, 2026 | Shirley Brian Director | Sale 10b5-1 plan | 1,234 | $382.8K |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 7,535 | $2.41M |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 13,278 | $4.24M |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 7,229 | $2.30M |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 2,309 | $732.4K |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 2,312 | $730.3K |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 5,678 | $1.79M |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 3,718 | $1.17M |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 3,330 | $1.04M |
| Mar 10, 2026 | Kelley Stephen Douglas President and CEO | Sale 10b5-1 plan | 1,224 | $379.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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