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How Advanced Energy Industries (AEIS) makes money

Advanced Energy Industries (AEIS) made $696M of revenue in the third quarter 2026 (Q3 2026), +50% from a year earlier. Semiconductor Equipment brought in $322M (46%); Data Center Computing brought in $256M (37%); Industrial and Medical brought in $90.5M (13%). Of every dollar of revenue, 42¢ was left as gross profit, 21¢ was left as operating profit, 17¢ was left as net earnings.

Drawing the Sankey…

Advanced Energy Industries revenue by segment, Q3 2026Advanced Energy Industries revenue by segment, Q3 2026Semiconductor Equipment$322MData Center Computing$256MIndustrial and Medical$90.5MTelecom and Networking$27.5M
Advanced Energy Industries: revenue by line, Q1 2025 to Q3 2026Advanced Energy Industries: revenue by line, Q1 2025 to Q3 2026Semiconductor Equipme…Data Center ComputingIndustrial and MedicalTelecom and NetworkingSemiconductor Equipment: $322M latest$322MData Center Computing: $256M latest$256MIndustrial and Medical: $90.5M latest$90.5MTelecom and Networking: $27.5M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Data Center Computing went from 24% of revenue in Q1 2025 to 37% in Q3 2026, the largest shift in the mix.
Advanced Energy Industries revenue by quarterAdvanced Energy Industries revenue by quarter$405MQ1 2025$442MQ2 2025$463MQ3 2025$489MQ4 2025$511MQ1 2026$574MQ2 2026$696MQ3 2026
Advanced Energy Industries: where each dollar of revenue goesAdvanced Energy Industries: where each dollar of revenue goesCost of revenue58¢Gross profit42¢Operating expenses21¢Operating profit21¢Income tax5¢Net earnings17¢Operating cash flow9¢Free cash flow5¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Semiconductor Equipment$322M46.3%+16%+64%
Data Center Computing$256M36.8%+34%+49%
Industrial and Medical$90.5M13.0%+13%+27%
Telecom and Networking$27.5M3.9%+13%+15%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$696M100.0%
Cost of revenue$407M58.5%
Gross profit$289M41.5%
Operating expenses$146M21.0%
Operating profit$143M20.6%
Income tax$36.1M5.2%
Net earnings$116M16.6%
Operating cash flow$65.1M9.3%
Free cash flow$34.0M4.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$696M+50%
Q2 2026$574M+30%
Q1 2026$511M+26%
Q4 2025$489M+18%
Q3 2025$463M+24%
Q2 2025$442M+21%
Q1 2025$405M+24%

From Advanced Energy Industries' 10-Q filed Nov 2, 2026 (on EDGAR).

Questions

How does Advanced Energy Industries make money?

Advanced Energy Industries (AEIS) made $696M of revenue in the third quarter 2026 (Q3 2026), +50% from a year earlier. Semiconductor Equipment brought in $322M (46%); Data Center Computing brought in $256M (37%); Industrial and Medical brought in $90.5M (13%). Of every dollar of revenue, 42¢ was left as gross profit, 21¢ was left as operating profit, 17¢ was left as net earnings.

What is Advanced Energy Industries' biggest business?

Semiconductor Equipment: $322M in the third quarter 2026, 46% of revenue, +64% from a year earlier.

What is Advanced Energy Industries' profit margin?

Net earnings were $116M, 16.6% of revenue, in the third quarter 2026; the operating margin was 20.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.