Filing Flows › Advanced Energy Industries (AEIS) › Q2 2025
Advanced Energy Industries (AEIS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Advanced Energy Industries (AEIS) reported revenue of $442M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +9% from the quarter before. Operating margin was 7.2%, net earnings $25.2M (5.7% of revenue).
Advanced Energy Industries, Q2 2025: revenue $442M (+21% year over year), operating margin 7.2%, net earnings $25.2M, operating cash flow $45.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $442M | +9% | +21% |
| Gross profit | $163M | +9% | +28% |
| Operating profit | $31.6M | +3% | +145% |
| Net earnings | $25.2M | +2% | +70% |
| Operating cash flow | $45.2M | +56% | +575% |
| Free cash flow | $17.1M | +14% | — |
What changed
Revenue was $441.5M in Q2 2025, up 21% year over year and up 9% from the previous quarter. Semiconductor Equipment was the largest line at 47% of revenue. Data Center Computing added $68.6M year over year (up 94%), 90% of the total change. Industrial and Medical declined 13%.
Gross margin was 37.0%, up 2.0 points from a year earlier. Operating profit was $31.6M, a 7.2% margin (up 3.6 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 4% margin then. Operating expenses grew 15% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+70%). Net earnings were $25.2M, up 70% year over year. The effective tax rate was 13.1%.
Operating cash flow was $45.2M (up 575% year over year), 179% of net earnings. Non-cash charges added back $15.6M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $28.1M left free cash flow of $17.1M.
Questions
What was Advanced Energy Industries' revenue in the second quarter 2025?
Advanced Energy Industries (AEIS) reported revenue of $442M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +9% from the quarter before.
Was Advanced Energy Industries profitable in the second quarter 2025?
Operating profit was $31.6M (7.2% of revenue) and net earnings $25.2M.