Advanced Energy Industries, Inc. logo

Advanced Energy Industries, Inc.

AEIS

NASDAQTechnologyHardware, Equipment & Parts

Previous close

$285.83

−$6.79 · -2.32%

Aug 21, 4:00 PM ET

AEIS company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

46

Fair Value

Momentum

36

Weakening

Sentiment

75

Bullish

Risk resilience

48

Elevated Risk

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Company profile

Company website

Advanced Energy Industries, Inc. (AEIS) is a global leader in the design, production, sale, and support of sophisticated power conversion, measurement, and control systems. The company specializes in plasma power technologies, providing a range of solutions such as direct current (DC), pulsed DC, low-frequency alternating current (LF AC), high-voltage, and radio frequency (RF) power supplies, alongside RF matching networks, RF instrumentation products, and remote plasma sources engineered for reactive gas applications. AEIS also supplies power control modules and thermal instrumentation, which are crucial for processes including rapid thermal processing, chemical vapor deposition, epitaxy, crystal growing, chemical processing, and in the manufacturing of metal, carbon fiber, and glass, as well as various other industrial power requirements. Its portfolio encompasses high-voltage DC-DC products, essential for semiconductor wafer processing and metrology, electrostatic substrate clamping, scientific instrumentation, mass spectrometry, and X-ray systems utilized in industrial and analytical fields. Additionally, low-voltage DC-DC board-mounted solutions are provided, serving applications in healthcare, telecommunications, test and measurement, instrumentation, industrial equipment, and distributed power systems for servers and storage. The company further develops gas sensing and monitoring products for the energy sector, air quality surveillance, and automotive emission testing. It also offers embedded power solutions specifically designed for medical equipment or compliant with IEC 60950-1 standards for information technology devices. Beyond its product offerings, AEIS provides comprehensive services such as conversions, upgrades, refurbishments, and the sale of pre-owned equipment, alongside dedicated repair services to its clientele. Distribution of its products occurs through a multi-channel approach, including a direct sales team, independent sales representatives, channel partners, and a network of distributors. Established in 1981, Advanced Energy Industries, Inc. maintains its corporate headquarters in Denver, Colorado.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
Stephen D. Kelley
Listed since
Nov 17, 1995
Employees
13,000

Market position

Day range

Current $285.83

52-week range

Current $285.83

Open
$297.59
Previous close
$292.62
Volume
396.89K
0.46× average
Average volume
859.47K
Average daily volume
Market cap
11.45B USD
Beta
1.32
Market reference 1
50-day average
$320.9
-10.93% below average
200-day average
$295.86
-3.39% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.76B USD
EV / EBITDA
31.37×
Earnings yield
1.89%
Free cash flow yield
1.60%

Profitability & efficiency

Return on equity
10.89%
Return on assets
5.83%
Return on invested capital
8.08%

Financial health

Current ratio
1.59×
Altman Z-score
5.49
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%27%13%-1%Gross margin, FY2021: 36.56%Gross margin, FY2022: 36.60%Gross margin, FY2023: 35.78%Gross margin, FY2024: 35.72%Gross margin, FY2025: 37.25%Operating margin, FY2021: 10.42%Operating margin, FY2022: 12.63%Operating margin, FY2023: 6.87%Operating margin, FY2024: 2.47%Operating margin, FY2025: 10.85%Net margin, FY2021: 9.25%Net margin, FY2022: 10.82%Net margin, FY2023: 7.75%Net margin, FY2024: 3.66%Net margin, FY2025: 8.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.56%. Gross margin FY2022 36.60%. Gross margin FY2023 35.78%. Gross margin FY2024 35.72%. Gross margin FY2025 37.25%. Operating margin FY2021 10.42%. Operating margin FY2022 12.63%. Operating margin FY2023 6.87%. Operating margin FY2024 2.47%. Operating margin FY2025 10.85%. Net margin FY2021 9.25%. Net margin FY2022 10.82%. Net margin FY2023 7.75%. Net margin FY2024 3.66%. Net margin FY2025 8.25%.

Income trends

Revenue

1.8B USD+21.37%

Operating income

195.2M USD+433.23%

Net income

148.4M USD+173.73%
Income trends across reported periods2.03B USD1.3B USD579.25M USD−144.27M USDRevenue, FY2021: 1.46B USDRevenue, FY2022: 1.85B USDRevenue, FY2023: 1.66B USDRevenue, FY2024: 1.48B USDRevenue, FY2025: 1.8B USDOperating income, FY2021: 151.68M USDOperating income, FY2022: 233.1M USDOperating income, FY2023: 113.69M USDOperating income, FY2024: 36.61M USDOperating income, FY2025: 195.2M USDNet income, FY2021: 134.74M USDNet income, FY2022: 199.66M USDNet income, FY2023: 128.28M USDNet income, FY2024: 54.21M USDNet income, FY2025: 148.4M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.46B USD. Revenue FY2022 1.85B USD. Revenue FY2023 1.66B USD. Revenue FY2024 1.48B USD. Revenue FY2025 1.8B USD. Operating income FY2021 151.68M USD. Operating income FY2022 233.1M USD. Operating income FY2023 113.69M USD. Operating income FY2024 36.61M USD. Operating income FY2025 195.2M USD. Net income FY2021 134.74M USD. Net income FY2022 199.66M USD. Net income FY2023 128.28M USD. Net income FY2024 54.21M USD. Net income FY2025 148.4M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.8B USD1.48B USD1.66B USD1.85B USD1.46B USD
Cost of goods sold1.13B USD952.7M USD1.06B USD1.17B USD923.63M USD
Gross profit670M USD529.34M USD592.4M USD675.51M USD532.32M USD
Research and development232.4M USD211.83M USD202.44M USD191.02M USD161.83M USD
Selling, general, and administrative242.4M USD224.54M USD221.03M USD218.46M USD192M USD
Operating expenses474.8M USD492.74M USD478.7M USD442.41M USD380.64M USD
Interest income26.6M USD42.86M USD27.09M USD4.15M USD454K USD
Interest expense16.7M USD25.11M USD16.57M USD7.33M USD3.58M USD
Depreciation and amortization62M USD68.46M USD66.53M USD60.3M USD52.89M USD
Operating income195.2M USD36.61M USD113.69M USD233.1M USD151.68M USD
Net income148.4M USD54.21M USD128.28M USD199.66M USD134.74M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+11.91%
11 comparable reports
Latest EPS result
2.74
Estimate 2.21 · Beat by 23.98%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.22.431.660.88Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 1.3, estimate 1.09, surprise +19.27%, Beat. Q2 2025, reported Apr 30, 2025: actual 1.23, estimate 1.04, surprise +18.27%, Beat. Q3 2025, reported Aug 5, 2025: actual 1.5, estimate 1.28, surprise +17.19%, Beat. Q4 2025, reported Nov 4, 2025: actual 1.74, estimate 1.47, surprise +18.37%, Beat. Q1 2026, reported Feb 10, 2026: actual 1.94, estimate 1.77, surprise +9.60%, Beat. Q2 2026, reported May 4, 2026: actual 2.09, estimate 1.97, surprise +6.09%, Beat. Q3 2026, reported Aug 3, 2026: actual 2.74, estimate 2.21, surprise +23.98%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 3.04, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates670.63M569.18M467.73M366.28MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 415.4M USD, estimate 394.21M USD, surprise +5.38%, Beat. Q2 2025, reported Apr 30, 2025: actual 404.6M USD, estimate 392.07M USD, surprise +3.20%, Beat. Q3 2025, reported Aug 5, 2025: actual 441.5M USD, estimate 421.54M USD, surprise +4.73%, Beat. Q4 2025, reported Nov 4, 2025: actual 463.3M USD, estimate 473.11M USD, surprise -2.07%, Miss. Q1 2026, reported Feb 10, 2026: actual 489.4M USD, estimate 473.89M USD, surprise +3.27%, Beat. Q2 2026, reported May 4, 2026: actual 511M USD, estimate 505.81M USD, surprise +1.03%, Beat. Q3 2026, reported Aug 3, 2026: actual 574.1M USD, estimate 544.41M USD, surprise +5.45%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 644.84M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$436.75

52.80% upside
Past 12 months12-month forecastHigh $535Average $436.75Low $380

Recent analyst actions

12 institutions
Seaport GlobalupgradeNeutralBuy
Morgan StanleymaintainOverweight
Cantor FitzgeraldmaintainOverweight

AEIS news

AEIS peers

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