Filing Flows › Advanced Energy Industries (AEIS) › Q2 2026 › vs Q1 2026
Advanced Energy Industries (AEIS) Q2 2026 vs Q1 2026 (quarter over quarter)
Advanced Energy Industries's revenue rose $63.1M (+12%) from $511M in Q1 2026 to $574M in Q2 2026. The biggest changes: Semiconductor Equipment +$58.9M (+27%); Industrial and Medical +$8.0M (+11%); Data Center Computing −$2.7M (-1%). Gross margin 41.1% against 39.3% (+1.8 pts).
Advanced Energy Industries, Q2 2026: revenue $574M (+30% year over year), operating margin 16.6%, net earnings $54.1M, operating cash flow $85.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 41.1% | 39.3% | +1.8 pts |
| Operating margin | 16.6% | 13.4% | +3.2 pts |
| Net margin | 9.4% | 13.1% | -3.6 pts |
| Free cash flow margin | 6.2% | -8.3% | +14.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Semiconductor Equipment | $278M | $219M | $58.9M | +27% |
| Data Center Computing | $192M | $194M | −$2.7M | -1% |
| Industrial and Medical | $80.0M | $72.0M | $8.0M | +11% |
| Telecom and Networking | $24.3M | $25.4M | −$1.1M | -4% |
| Revenue | $574M | $511M | $63.1M | +12% |
| Gross profit | $236M | $201M | $35.2M | +18% |
| Cost of revenue | $338M | $310M | $27.9M | +9% |
| Operating profit | $95.1M | $68.3M | $26.8M | +39% |
| Operating expenses | $141M | $133M | $8.4M | +6% |
| Pre-tax earnings | $66.2M | $69.5M | −$3.3M | -5% |
| Other expense, net | $28.9M | −$1.2M | $30.1M | — |
| Research & development | $65.0M | $62.4M | $2.6M | +4% |
| SG&A | $69.4M | $62.3M | $7.1M | +11% |
| Other operating costs | $6.6M | $7.9M | −$1.3M | -16% |
| Net earnings | $54.1M | $66.8M | −$12.7M | -19% |
| Income tax | $12.1M | $2.7M | $9.4M | +348% |
| Depreciation & amortization | $16.5M | $15.8M | $700K | +4% |
| Share-based compensation | $21.4M | $18.1M | $3.3M | +18% |
| Working capital & other | $7.0M | $107M | −$99.7M | -93% |
| Operating cash flow | $85.0M | −$6.0M | $91.0M | — |
| Free cash flow (OCF − capex) | $35.5M | −$42.6M | $78.1M | — |
| Capital expenditures | $49.5M | $36.6M | $12.9M | +35% |
Questions
How much did Advanced Energy Industries's revenue grow quarter over quarter in Q2 2026?
Advanced Energy Industries's revenue rose $63.1M (+12%) from $511M in Q1 2026 to $574M in Q2 2026.
What drove Advanced Energy Industries's revenue change in Q2 2026?
Semiconductor Equipment +$58.9M (+27%); Industrial and Medical +$8.0M (+11%); Data Center Computing −$2.7M (-1%).