Filing Flows › Advanced Energy Industries (AEIS) › Q4 2025
Advanced Energy Industries (AEIS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Advanced Energy Industries (AEIS) reported revenue of $489M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +6% from the quarter before. Operating margin was 11.6%, net earnings $52.3M (10.7% of revenue).
Advanced Energy Industries, Q4 2025: revenue $489M (+18% year over year), operating margin 11.6%, net earnings $52.3M, operating cash flow $80.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $489M | +6% | +18% |
| Gross profit | $189M | +8% | +22% |
| Operating profit | $56.6M | +15% | +67% |
| Net earnings | $52.3M | +13% | +7% |
| Operating cash flow | $80.5M | +2% | -3% |
| Free cash flow | $43.0M | -15% | -38% |
What changed
Revenue was $489.4M in Q4 2025, up 18% year over year and up 6% from the previous quarter. Semiconductor Equipment was the largest line at 43% of revenue.
Gross margin was 38.6%, up 1.4 points from a year earlier. Operating profit was $56.6M, a 11.6% margin (up 3.4 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 8% margin then. Operating expenses grew 10% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $52.3M, up 7% year over year. The effective tax rate was 8.2%.
Operating cash flow was $80.5M (down 3% year over year), 154% of net earnings. Non-cash charges added back $15.2M of depreciation and amortization and $14.5M of share-based compensation. Capital expenditures of $37.5M left free cash flow of $43.0M.
Questions
What was Advanced Energy Industries' revenue in the fourth quarter 2025?
Advanced Energy Industries (AEIS) reported revenue of $489M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +6% from the quarter before.
Was Advanced Energy Industries profitable in the fourth quarter 2025?
Operating profit was $56.6M (11.6% of revenue) and net earnings $52.3M.