Filing Flows › Advanced Energy Industries (AEIS) › Q3 2025
Advanced Energy Industries (AEIS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Advanced Energy Industries (AEIS) reported revenue of $463M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +5% from the quarter before. Operating margin was 10.6%, net earnings $46.2M (10.0% of revenue).
Advanced Energy Industries, Q3 2025: revenue $463M (+24% year over year), operating margin 10.6%, net earnings $46.2M, operating cash flow $78.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $463M | +5% | +24% |
| Gross profit | $174M | +7% | +30% |
| Operating profit | $49.2M | +56% | — |
| Net earnings | $46.2M | +83% | — |
| Operating cash flow | $78.7M | +74% | +130% |
| Free cash flow | $50.8M | +197% | +135% |
What changed
Revenue was $463.3M in Q3 2025, up 24% year over year and up 5% from the previous quarter. Semiconductor Equipment was the largest line at 42% of revenue. Data Center Computing added $91.0M year over year (up 113%), 102% of the total change. Industrial and Medical declined 7%.
Gross margin was 37.6%, up 1.8 points from a year earlier. Operating profit was $49.2M, a 10.6% margin (up 13.6 points year over year). Operating expenses fell 14% while revenue rose 24%. The fastest-growing cost line was Research & development (+10%). Net earnings were $46.2M. The effective tax rate was 11.3%.
Operating cash flow was $78.7M (up 130% year over year), 170% of net earnings. Non-cash charges added back $15.1M of depreciation and amortization and $14.6M of share-based compensation. Capital expenditures of $27.9M left free cash flow of $50.8M.
Questions
What was Advanced Energy Industries' revenue in the third quarter 2025?
Advanced Energy Industries (AEIS) reported revenue of $463M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +5% from the quarter before.
Was Advanced Energy Industries profitable in the third quarter 2025?
Operating profit was $49.2M (10.6% of revenue) and net earnings $46.2M.