Filing Flows › Advanced Energy Industries (AEIS) › Q2 2026
Advanced Energy Industries (AEIS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Advanced Energy Industries (AEIS) reported revenue of $574M for the second quarter 2026 (Q2 2026), +30% from a year earlier and +12% from the quarter before. Operating margin was 16.6%, net earnings $54.1M (9.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $574M | +12% | +30% |
| Gross profit | $236M | +18% | +44% |
| Operating profit | $95.1M | +39% | +201% |
| Net earnings | $54.1M | -19% | +115% |
| Operating cash flow | $85.0M | — | +88% |
| Free cash flow | $35.5M | — | +108% |
What changed
Revenue was $574.1M in Q2 2026, up 30% year over year and up 12% from the previous quarter. Semiconductor Equipment was the largest line at 48% of revenue. Semiconductor Equipment added $68.8M year over year (up 33%), 52% of the total change.
Gross margin was 41.1%, up 4.1 points from Q2 2025. Operating profit was $95.1M, a 16.6% margin (up 9.4 points year over year). Of the extra revenue versus Q2 2025, 48% reached operating profit, above the 7% margin then. Operating expenses grew 7% against revenue growth of 30%. The fastest-growing cost line was SG&A (+15%). Net earnings were $54.1M, up 115% year over year. The effective tax rate was 18.3%.
Operating cash flow was $85.0M (up 88% year over year), 157% of net earnings. Non-cash charges added back $16.5M of depreciation and amortization and $21.4M of share-based compensation. Working capital and other items used $7.0M. Capital expenditures of $49.5M left free cash flow of $35.5M.
Questions
What was Advanced Energy Industries' revenue in the second quarter 2026?
Advanced Energy Industries (AEIS) reported revenue of $574M for the second quarter 2026 (Q2 2026), +30% from a year earlier and +12% from the quarter before.
Was Advanced Energy Industries profitable in the second quarter 2026?
Operating profit was $95.1M (16.6% of revenue) and net earnings $54.1M.