Filing Flows › Advanced Energy Industries (AEIS) › Q3 2026 › vs Q2 2026
Advanced Energy Industries (AEIS) Q3 2026 vs Q2 2026 (quarter over quarter)
Advanced Energy Industries's revenue rose $122M (+21%) from $574M in Q2 2026 to $696M in Q3 2026. The biggest changes: Data Center Computing +$64.7M (+34%); Semiconductor Equipment +$43.9M (+16%); Industrial and Medical +$10.5M (+13%). Gross margin 41.5% against 41.1% (+0.4 pts).
Advanced Energy Industries, Q3 2026: revenue $696M (+50% year over year), operating margin 20.6%, net earnings $116M, operating cash flow $65.1M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 41.5% | 41.1% | +0.4 pts |
| Operating margin | 20.6% | 16.6% | +4.0 pts |
| Net margin | 16.6% | 9.4% | +7.2 pts |
| Free cash flow margin | 4.9% | 6.2% | -1.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Semiconductor Equipment | $322M | $278M | $43.9M | +16% |
| Data Center Computing | $256M | $192M | $64.7M | +34% |
| Industrial and Medical | $90.5M | $80.0M | $10.5M | +13% |
| Telecom and Networking | $27.5M | $24.3M | $3.2M | +13% |
| Revenue | $696M | $574M | $122M | +21% |
| Gross profit | $289M | $236M | $53.0M | +22% |
| Cost of revenue | $407M | $338M | $69.3M | +21% |
| Other income, net | $8.7M | −$28.9M | $37.6M | — |
| Operating profit | $143M | $95.1M | $48.1M | +51% |
| Operating expenses | $146M | $141M | $4.9M | +3% |
| Pre-tax earnings | $152M | $66.2M | $85.7M | +129% |
| Research & development | $67.1M | $65.0M | $2.1M | +3% |
| SG&A | $73.8M | $69.4M | $4.4M | +6% |
| Other operating costs | $5.0M | $6.6M | −$1.6M | -24% |
| Net earnings | $116M | $54.1M | $61.5M | +114% |
| Income tax | $36.1M | $12.1M | $24.0M | +198% |
| Depreciation & amortization | $17.2M | $16.5M | $700K | +4% |
| Share-based compensation | $18.6M | $21.4M | −$2.8M | -13% |
| Working capital & other | $86.3M | $7.0M | $79.3M | 12× |
| Operating cash flow | $65.1M | $85.0M | −$19.9M | -23% |
| Free cash flow (OCF − capex) | $34.0M | $35.5M | −$1.5M | -4% |
| Capital expenditures | $31.1M | $49.5M | −$18.4M | -37% |
Questions
How much did Advanced Energy Industries's revenue grow quarter over quarter in Q3 2026?
Advanced Energy Industries's revenue rose $122M (+21%) from $574M in Q2 2026 to $696M in Q3 2026.
What drove Advanced Energy Industries's revenue change in Q3 2026?
Data Center Computing +$64.7M (+34%); Semiconductor Equipment +$43.9M (+16%); Industrial and Medical +$10.5M (+13%).