Advanced Energy Industries (NASDAQ:AEIS) Posts Quarterly Earnings Results, Beats Expectations By $0.61 EPS

Posted by Francis Steltz on Nov 4th, 2026

Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) released its quarterly earnings data on Monday. The electronics maker reported $3.65 EPS for the quarter, beating the consensus estimate of $3.04 by $0.61, FiscalAI reports. The business had revenue of $696.40 million during the quarter, compared to the consensus estimate of $644.85 million. Advanced Energy Industries had a net margin of 12.72% and a return on equity of 25.79%. The business’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS.

Here are the key takeaways from Advanced Energy Industries’ conference call:

Record third-quarter results exceeded guidance, with revenue up 50% year over year to $696 million, EPS more than doubling to $3.65, gross margin reaching 42.1%, and operating margin expanding to 24.4%.
Management raised its 2026 outlook to approximately 40% revenue growth and expects fourth-quarter revenue of about $735 million, with EPS of $3.90 plus or minus $0.30. It also characterized 2027 demand as robust, with potential growth of roughly 30% across semiconductor and data-center-related business.
Semiconductor revenue rose 64% year over year and data-center revenue increased 49%, supported by leading-edge wafer investment, AI infrastructure demand, new design wins, and expanding hyperscale programs. New plasma-power, system-power, and 800-volt solutions are expected to drive market-share gains through 2027 and beyond.
Advanced Energy is ramping its new Thailand factory and expanding output in the Philippines, Malaysia, and Mexico, targeting more than $5 billion of annual revenue capacity by 2028. Thailand has already qualified multiple data-center customers, with semiconductor qualifications expected shortly.
Supply constraints remain a risk despite strategic inventory and capacity investments, particularly for integrated circuits, printed circuit boards, and specialty ceramics. Management said some constraints will not be fully mitigated and could limit upside, while engineering bandwidth is also becoming a bottleneck.

Advanced Energy Industries Trading Up 9.6%

Advanced Energy Industries stock opened at $238.10 on Wednesday. The firm has a market cap of $9.54 billion, a PE ratio of 34.26 and a beta of 1.38. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $265.13 and its two-hundred day simple moving average is $307.14. Advanced Energy Industries has a 12 month low of $187.71 and a 12 month high of $397.44.

Insider Activity

In related news, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the completion of the transaction, the executive vice president owned 10,712 shares in the company, valued at $3,563,668.16. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Acebedo sold 24,771 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at $7,290,427.32. This trade represents a 51.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 27,218 shares of company stock valued at $8,562,008. 1.30% of the stock is owned by company insiders.

Key Advanced Energy Industries News

Here are the key news stories impacting Advanced Energy Industries this week:

Positive Sentiment: Third-quarter adjusted earnings were $3.65 per share versus a roughly $3.04 consensus, while revenue of $696.4 million exceeded estimates of $644.9 million and increased 50.3% year over year. Record semiconductor and data-center sales helped drive the results. Article: AEIS Q3 Earnings Beat on Semiconductor and Data Center Strength
Positive Sentiment: Fourth-quarter guidance also topped analyst expectations: AEIS forecast EPS of $3.60–$4.20 and revenue of $710 million–$760 million, above consensus for both. Management raised its 2026 revenue-growth outlook to 40% and pointed to strong demand and further growth potential in 2027. Article: AEIS Q3 Earnings Call Highlights Strong Demand and 2027 Growth
Neutral Sentiment: A recent article revisits whether AEIS is undervalued in light of its earnings and guidance reset, keeping valuation in focus after the results. Article: Is Advanced Energy Industries Undervalued?
Negative Sentiment: Several firms cut their price targets, which could temper enthusiasm. Citigroup, Morgan Stanley and Baird retained bullish ratings, while TD Cowen lowered its target sharply and moved to Hold—signaling more cautious views on valuation despite the earnings beat.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AEIS. TD Cowen decreased their price target on shares of Advanced Energy Industries from $370.00 to $275.00 and set a “hold” rating on the stock in a research note on Tuesday. Citigroup decreased their target price on Advanced Energy Industries from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Research downgraded Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Advanced Energy Industries in a research report on Tuesday. Finally, Seaport Research Partners raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $377.75.

Get Our Latest Analysis on Advanced Energy Industries

Advanced Energy Industries Company Profile

(Get Free Report)

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.