Advanced Energy Industries
ConvictionStrong
Designs and manufactures proprietary power (RF/DC, plasma, precision measurement) subsystems sold into OEM equipment; revenue mix of high-margin design-in components qualified into customer tools plus aftermarket/service, increasingly weighted to AI data-center rack power.
Revenue
$1.91B TTMFY2025 $1.80B, +21%Rev growth
+26% YoYin Q1 2026; ~+22% TTM; FY2026 guided low-to-mid-20s%Gross margin
40.1% non-GAAPin Q1 2026 (management: first quarter above 40%); ~38.5% GAAP TTM (est.Op margin
19.1% non-GAAPin Q1 2026; ~11% GAAP (implied by ~$184M TTM GAAP net income at P/E ~64Capex intensity
Moderate but elevatedin 2026 for capacity expansion (FY2025 capex $107.4M, ~6% of revenueMarket cap
~$11.8BNasdaq: AEIS, at $311.27, 2026-07-02 close; ~38.0M shares outThe read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Advanced Energy Industries
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence