Filing Flows › Technology › Advanced Energy Industries (AEIS)
Advanced Energy Industries (AEIS) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Advanced Energy Industries (AEIS) Q3 2026 earnings results →
Q3 2026 Revenue up 50% year over year to $696M · 17¢ of every $1 of revenue kept as net profit · operating margin 20.6%
Advanced Energy Industries made $696M in Q3 2026 (+50% Y/Y): Semiconductor Equipment $322M, Data Center Computing $256M, Industrial and Medical $90.5M. Operating margin 20.6%, net earnings $116M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $696.4M in Q3 2026, up 50% year over year and up 21% from the previous quarter. Semiconductor Equipment was the largest line at 46% of revenue. Semiconductor Equipment added $125.6M year over year (up 64%), 54% of the total change.
Gross margin was 41.5%, up 3.9 points from Q3 2025. Operating profit was $143.2M, a 20.6% margin (up 9.9 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 11% margin then. Operating expenses grew 17% against revenue growth of 50%. The fastest-growing cost line was SG&A (+23%). Net earnings were $115.6M, up 150% year over year. The effective tax rate was 23.8%.
Operating cash flow was $65.1M (down 17% year over year), 56% of net earnings. Non-cash charges added back $17.2M of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items used $86.3M. Capital expenditures of $31.1M left free cash flow of $34.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $696M | +50% | 20.6% | $116M | $65.1M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $574M | +30% | 16.6% | $54.1M | $85.0M |
| Q1 2026 | 10-Q | May 4, 2026 | $511M | +26% | 13.4% | $66.8M | −$6.0M |
| Q4 2025 | 10-K | Feb 13, 2026 | $489M | +18% | 11.6% | $52.3M | $80.5M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $463M | +24% | 10.6% | $46.2M | $78.7M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $442M | +21% | 7.2% | $25.2M | $45.2M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $405M | +24% | 7.6% | $24.7M | $28.9M |
Charts
In supply chains and themes
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Advanced Energy Industries
Advanced Energy provides highly engineered, critical, precision power conversion, measurement, and control solutions to our global customers. We design, manufacture, sell and service precision power products that transform, refine, and modify the raw electrical power coming from either the utility or the building facility and convert it into various types of highly controllable, usable power that is predictable, repeatable, and customizable to meet the necessary requirements for powering a wide range of complex equipment. Our products enable customers to reduce or optimize their energy consumption through increased power conversion efficiency, power density, power coupling, and process control across a wide range of applications.
In its own words, from its 10-K, filed Feb 13, 2026.
Advanced Energy Industries against its Electronic Components, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +50% against the peers' median +40%. Operating margin: 20.6% against the peers' median 11.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AEIS Advanced Energy Industries | Q3 2026 | $696M | +50% | 20.6% |
| VRT Vertiv Holdings | Q3 2026 | $4.3B | +61% | 22.8% |
| VREX Varex Imaging | Q3 FY26 | $210M | +4% | 10.8% |
| VICR Vicor | Q3 2026 | $197M | +78% | 36.6% |
| PI Impinj | Q3 2026 | $112M | +17% | 4.1% |
| NSYS Nortech Systems | Q2 2026 | $33.5M | +9% | 1.9% |
| MPTI M-tron Industries | Q2 2026 | $15.1M | +14% | 11.4% |
| ESP Espey Manufacturing & Electronics | Q4 FY26 | $13.5M | +40% | 25.8% |
| MVIS Microvision | Q3 2026 | $2.4M | +896% | -889.0% |
Source: Advanced Energy Industries 10-Q on SEC EDGAR · CIK 927003 · Electronic Components, NEC
Guidance and outlook
13F: who owns AEIS and who is buying
More on AEIS
- How Advanced Energy Industries makes money: revenue by segment
- Advanced Energy Industries next earnings date and what analysts expect
- Advanced Energy Industries stock forecast, price target and fair value
- Who owns Advanced Energy Industries stock: holders, funds and Congress trades
- Advanced Energy Industries guidance and outlook
- Is Advanced Energy Industries a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Advanced Energy Industries guidance history: guided vs reported
- Advanced Energy Industries gross margin by quarter
- Advanced Energy Industries operating margin by quarter
- Advanced Energy Industries net income by quarter
- Advanced Energy Industries free cash flow by quarter
- Advanced Energy Industries R&D spending by quarter
- Advanced Energy Industries capital expenditures by quarter
- Advanced Energy Industries Semiconductor Equipment revenue by quarter
- Advanced Energy Industries Data Center Computing revenue by quarter
- Advanced Energy Industries Industrial and Medical revenue by quarter