Filing Flows › Advanced Energy Industries (AEIS) › Q3 2026
Advanced Energy Industries (AEIS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Advanced Energy Industries (AEIS) reported revenue of $696M for the third quarter 2026 (Q3 2026), +50% from a year earlier and +21% from the quarter before. Operating margin was 20.6%, net earnings $116M (16.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $696M | +21% | +50% |
| Gross profit | $289M | +22% | +66% |
| Operating profit | $143M | +51% | +191% |
| Net earnings | $116M | +114% | +150% |
| Operating cash flow | $65.1M | -23% | -17% |
| Free cash flow | $34.0M | -4% | -33% |
What changed
Revenue was $696.4M in Q3 2026, up 50% year over year and up 21% from the previous quarter. Semiconductor Equipment was the largest line at 46% of revenue. Semiconductor Equipment added $125.6M year over year (up 64%), 54% of the total change.
Gross margin was 41.5%, up 3.9 points from Q3 2025. Operating profit was $143.2M, a 20.6% margin (up 9.9 points year over year). Of the extra revenue versus Q3 2025, 40% reached operating profit, above the 11% margin then. Operating expenses grew 17% against revenue growth of 50%. The fastest-growing cost line was SG&A (+23%). Net earnings were $115.6M, up 150% year over year. The effective tax rate was 23.8%.
Operating cash flow was $65.1M (down 17% year over year), 56% of net earnings. Non-cash charges added back $17.2M of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items used $86.3M. Capital expenditures of $31.1M left free cash flow of $34.0M.
Questions
What was Advanced Energy Industries' revenue in the third quarter 2026?
Advanced Energy Industries (AEIS) reported revenue of $696M for the third quarter 2026 (Q3 2026), +50% from a year earlier and +21% from the quarter before.
Was Advanced Energy Industries profitable in the third quarter 2026?
Operating profit was $143M (20.6% of revenue) and net earnings $116M.