Filing Flows › Advanced Energy Industries (AEIS) › Q2 2026 › vs Q2 2025
Advanced Energy Industries (AEIS) Q2 2026 vs Q2 2025 (year over year)
Advanced Energy Industries's revenue rose $133M (+30%) from $442M in Q2 2025 to $574M in Q2 2026. The biggest changes: Semiconductor Equipment +$68.8M (+33%); Data Center Computing +$49.9M (+35%); Industrial and Medical +$11.4M (+17%). Gross margin 41.1% against 37.0% (+4.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.1% | 37.0% | +4.1 pts |
| Operating margin | 16.6% | 7.2% | +9.4 pts |
| Net margin | 9.4% | 5.7% | +3.7 pts |
| Free cash flow margin | 6.2% | 3.9% | +2.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor Equipment | $278M | $210M | $68.8M | +33% |
| Data Center Computing | $192M | $142M | $49.9M | +35% |
| Industrial and Medical | $80.0M | $68.6M | $11.4M | +17% |
| Telecom and Networking | $24.3M | $21.8M | $2.5M | +11% |
| Revenue | $574M | $442M | $133M | +30% |
| Gross profit | $236M | $163M | $72.7M | +44% |
| Cost of revenue | $338M | $278M | $59.9M | +22% |
| Operating profit | $95.1M | $31.6M | $63.5M | +201% |
| Operating expenses | $141M | $132M | $9.2M | +7% |
| Pre-tax earnings | $66.2M | $29.0M | $37.2M | +128% |
| Other expense, net | $28.9M | $2.6M | $26.3M | 11× |
| Research & development | $65.0M | $59.0M | $6.0M | +10% |
| SG&A | $69.4M | $60.2M | $9.2M | +15% |
| Other operating costs | $6.6M | $12.6M | −$6.0M | -48% |
| Net earnings | $54.1M | $25.2M | $28.9M | +115% |
| Income tax | $12.1M | $3.8M | $8.3M | +218% |
| Depreciation & amortization | $16.5M | $15.6M | $900K | +6% |
| Share-based compensation | $21.4M | $13.6M | $7.8M | +57% |
| Working capital & other | $7.0M | $9.2M | −$2.2M | -24% |
| Operating cash flow | $85.0M | $45.2M | $39.8M | +88% |
| Free cash flow (OCF − capex) | $35.5M | $17.1M | $18.4M | +108% |
| Capital expenditures | $49.5M | $28.1M | $21.4M | +76% |
Questions
How much did Advanced Energy Industries's revenue grow year over year in Q2 2026?
Advanced Energy Industries's revenue rose $133M (+30%) from $442M in Q2 2025 to $574M in Q2 2026.
What drove Advanced Energy Industries's revenue change in Q2 2026?
Semiconductor Equipment +$68.8M (+33%); Data Center Computing +$49.9M (+35%); Industrial and Medical +$11.4M (+17%).