Filing Flows › Advanced Energy Industries (AEIS) › Q1 2026
Advanced Energy Industries (AEIS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Advanced Energy Industries (AEIS) reported revenue of $511M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +4% from the quarter before. Operating margin was 13.4%, net earnings $66.8M (13.1% of revenue).
Advanced Energy Industries, Q1 2026: revenue $511M (+26% year over year), operating margin 13.4%, net earnings $66.8M, operating cash flow −$6.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $511M | +4% | +26% |
| Gross profit | $201M | +6% | +33% |
| Operating profit | $68.3M | +21% | +123% |
| Net earnings | $66.8M | +28% | +170% |
| Operating cash flow | −$6.0M | -107% | -121% |
What changed
Revenue was $511.0M in Q1 2026, up 26% year over year and up 4% from the previous quarter. Semiconductor Equipment was the largest line at 43% of revenue. Data Center Computing added $98.0M year over year (up 102%), 92% of the total change. Semiconductor Equipment declined 1%.
Gross margin was 39.3%, up 2.1 points from Q1 2025. Operating profit was $68.3M, a 13.4% margin (up 5.8 points year over year). Of the extra revenue versus Q1 2025, 35% reached operating profit, above the 8% margin then. Operating expenses grew 11% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $66.8M, up 170% year over year. The effective tax rate was 3.9%.
Operating cash flow was −$6.0M. Non-cash charges added back $15.8M of depreciation and amortization and $18.1M of share-based compensation. Working capital and other items used $106.7M. Capital expenditures of $36.6M exceeded it, leaving free cash flow of −$42.6M.
Questions
What was Advanced Energy Industries' revenue in the first quarter 2026?
Advanced Energy Industries (AEIS) reported revenue of $511M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +4% from the quarter before.
Was Advanced Energy Industries profitable in the first quarter 2026?
Operating profit was $68.3M (13.4% of revenue) and net earnings $66.8M.