Filing Flows › Advanced Energy Industries (AEIS) › Q3 2026 › vs Q3 2025
Advanced Energy Industries (AEIS) Q3 2026 vs Q3 2025 (year over year)
Advanced Energy Industries's revenue rose $233M (+50%) from $463M in Q3 2025 to $696M in Q3 2026. The biggest changes: Semiconductor Equipment +$126M (+64%); Data Center Computing +$84.6M (+49%); Industrial and Medical +$19.3M (+27%). Gross margin 41.5% against 37.6% (+3.9 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.5% | 37.6% | +3.9 pts |
| Operating margin | 20.6% | 10.6% | +9.9 pts |
| Net margin | 16.6% | 10.0% | +6.6 pts |
| Free cash flow margin | 4.9% | 11.0% | -6.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor Equipment | $322M | $197M | $126M | +64% |
| Data Center Computing | $256M | $172M | $84.6M | +49% |
| Industrial and Medical | $90.5M | $71.2M | $19.3M | +27% |
| Telecom and Networking | $27.5M | $23.9M | $3.6M | +15% |
| Revenue | $696M | $463M | $233M | +50% |
| Gross profit | $289M | $174M | $115M | +66% |
| Cost of revenue | $407M | $289M | $118M | +41% |
| Other income, net | $8.7M | $2.9M | $5.8M | +200% |
| Operating profit | $143M | $49.2M | $94.0M | +191% |
| Operating expenses | $146M | $125M | $20.7M | +17% |
| Pre-tax earnings | $152M | $52.1M | $99.8M | +192% |
| Research & development | $67.1M | $59.1M | $8.0M | +14% |
| SG&A | $73.8M | $59.8M | $14.0M | +23% |
| Other operating costs | $5.0M | $6.3M | −$1.3M | -21% |
| Net earnings | $116M | $46.2M | $69.4M | +150% |
| Income tax | $36.1M | $5.9M | $30.2M | +512% |
| Depreciation & amortization | $17.2M | $15.1M | $2.1M | +14% |
| Share-based compensation | $18.6M | $14.6M | $4.0M | +27% |
| Working capital & other | $86.3M | −$2.8M | $89.1M | — |
| Operating cash flow | $65.1M | $78.7M | −$13.6M | -17% |
| Free cash flow (OCF − capex) | $34.0M | $50.8M | −$16.8M | -33% |
| Capital expenditures | $31.1M | $27.9M | $3.2M | +11% |
Questions
How much did Advanced Energy Industries's revenue grow year over year in Q3 2026?
Advanced Energy Industries's revenue rose $233M (+50%) from $463M in Q3 2025 to $696M in Q3 2026.
What drove Advanced Energy Industries's revenue change in Q3 2026?
Semiconductor Equipment +$126M (+64%); Data Center Computing +$84.6M (+49%); Industrial and Medical +$19.3M (+27%).