Filing Flows › Comparisons › AEIS vs VREX
Advanced Energy Industries vs Varex Imaging: AEIS and VREX compared
Advanced Energy Industries is the larger company: $696M of revenue in its latest quarter (Q3 2026) against $210M for Varex Imaging (Q3 FY26). Advanced Energy Industries is growing faster (+50% against +4% a year earlier). Advanced Energy Industries is more profitable, with an operating margin of 20.6% against 10.8%.
Where the money goes: AEIS and VREX
Advanced Energy Industries (AEIS) · Q3 2026
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.
Varex Imaging (VREX) · Q3 FY26
Varex Imaging, Q3 FY26: revenue $210M (+4% year over year), operating margin 10.8%, net earnings $15.9M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Advanced Energy Industries (AEIS) | Varex Imaging (VREX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $696M | $210M |
| Revenue growth, Y/Y | +50% | +4% |
| Gross margin | 41.5% | 36.4% |
| Operating margin | 20.6% | 10.8% |
| Net earnings | $116M | $15.9M |
| Net margin | 16.6% | 7.6% |
| Operating cash flow | $65.1M | $21.0M |
| Free cash flow | $34.0M | $12.0M |
| Market value | $8.2B | — |
| P/E | 28.3× | — |
| Analysts’ mean target | $388.17 | — |
Where the revenue comes from
Advanced Energy Industries
- Semiconductor Equipment: $322M (46%)
- Data Center Computing: $256M (37%)
- Industrial and Medical: $90.5M (13%)
- Telecom and Networking: $27.5M (4%)
Varex Imaging
- Medical: $134M (64%)
- Industrial: $76.5M (36%)
Questions
Which is bigger, Advanced Energy Industries or Varex Imaging?
Advanced Energy Industries is the larger company: $696M of revenue in its latest quarter (Q3 2026) against $210M for Varex Imaging (Q3 FY26).
Is Advanced Energy Industries or Varex Imaging growing faster?
Advanced Energy Industries is growing faster (+50% against +4% a year earlier).
Which is more profitable, Advanced Energy Industries or Varex Imaging?
Advanced Energy Industries is more profitable, with an operating margin of 20.6% against 10.8%.
More: Advanced Energy Industries earnings · how Advanced Energy Industries makes money · Varex Imaging earnings · how Varex Imaging makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.