Financials · AEIS

Advanced Energy Industries Inc. (AEIS) financials

For the twelve months ended Sep 30, 2026, Advanced Energy Industries Inc. reported $2.27B of revenue and $288.80M of net income.

Revenue, TTM
$2.27B
Revenue growth, YoY
+31.7%
Net income, TTM
$288.80M
Net income growth, YoY
+99.2%
Net margin
12.7%
Free cash flow, TTM
$69.90M
EPS, diluted, TTM
$6.97
EPS growth, YoY
+82.5%
Cash
$1.42B
Total debt
$1.27B
P/E
27.61
P/S
3.51
Market cap
$7.98B
Annual revenue$1.80B
FY2016FY2025
Annual net income$148.40M
FY2016FY2025
Annual free cash flow$125.90M
FY2016FY2025

AEIS revenue and earnings growth

AEIS revenueQ3 2026$696.40M

Quarter YoY
+50.3%
QoQ
+21.3%
FY YoY
+21.4%
5Y CAGR
+4.9%
10Y CAGR
+15.8%

AEIS revenue was $696.40M in fiscal Q3 2026 (ended Sep 30, 2026), up 50.3% from a year earlier and up 21.3% from the prior quarter. For the full fiscal 2025 it was $1.80B, up 21.4% from fiscal 2024. Compound annual growth was +4.9% over 5 years and +15.8% over 10 years. It rose in 8 of the last 10 fiscal years.

AEIS net incomeQ3 2026$115.60M

Quarter YoY
+150.2%
QoQ
+113.7%
FY YoY
+173.8%
5Y CAGR
+2.0%

AEIS net income was $115.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 150.2% from a year earlier and up 113.7% from the prior quarter. For the full fiscal 2025 it was $148.40M, up 173.8% from fiscal 2024. Compound annual growth was +2.0% over 5 years. It rose in 6 of the last 9 fiscal years.

AEIS EPSQ3 2026$2.79

Quarter YoY
+132.5%
QoQ
+118.0%
FY YoY
+168.5%
5Y CAGR
+1.9%

AEIS diluted EPS was $2.79 in fiscal Q3 2026 (ended Sep 30, 2026), up 132.5% from a year earlier and up 118.0% from the prior quarter. For the full fiscal 2025 it was $3.84, up 168.5% from fiscal 2024. Compound annual growth was +1.9% over 5 years.

AEIS free cash flowQ3 2026$34.00M

Quarter YoY
-33.1%
QoQ
-4.2%
FY YoY
+70.1%
5Y CAGR
-5.3%
10Y CAGR
+2.3%

AEIS free cash flow was $34.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 33.1% from a year earlier and down 4.2% from the prior quarter. For the full fiscal 2025 it was $125.90M, up 70.1% from fiscal 2024. Compound annual growth was -5.3% over 5 years and +2.3% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$1.80B$1.48B$1.66B$1.85B$1.46B$1.42B$788.95M$718.89M$671.01M$483.70M
Cost of revenue$1.12B$952.70M$1.06B$1.17B$923.63M$873.96M$473.30M$353.29M$314.63M$230.56M
Gross profit$677.40M$529.30M$592.40M$675.51M$532.32M$541.87M$315.65M$365.61M$356.38M$253.15M
Research and development$232.40M$211.80M$202.40M$191.02M$161.83M$143.96M$101.50M$76.01M$58.00M$44.45M
Selling, general and admin$242.40M$224.60M$221.00M$218.46M$192.00M$188.59M$142.56M$108.03M$93.26M$77.68M
Operating income$168.00M$36.60M$113.70M$233.09M$151.68M$176.02M$54.39M$171.55M$200.77M$126.86M
Interest expense$16.70M$25.10M$16.60M$7.33M$3.58M--$228.0K$66.0K-
Pre-tax income$168.70M$52.40M$122.50M$241.74M$148.71M$158.15M$67.19M$172.38M$198.19M$128.08M
Income tax$19.40M-$3.90M-$8.30M$39.85M$14.00M$23.00M$10.70M$25.23M$62.09M$11.13M
Net income$148.40M$54.20M$128.30M$199.66M$134.74M$134.68M$64.94M$147.03M$137.86M$127.45M
EPS, basic$3.95$1.45$3.42$5.33$3.53$3.52$1.70$3.76$3.47$3.21
EPS, diluted$3.84$1.43$3.40$5.29$3.51$3.50$1.69$3.74$3.43$3.18
Diluted shares38.6M37.8M37.8M37.7M38.4M38.5M38.5M39.4M40.2M40.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$791.20M$722.10M$1.04B$458.82M$544.37M$480.37M$346.44M$349.30M$407.28M$281.95M
Short-term investments----$2.30M$2.65M$2.61M$2.47M$3.10M-
Receivables$325.20M$265.30M$282.43M$300.68M----$87.43M$75.67M
Inventory$411.20M$360.40M$336.14M$376.01M$338.41M$221.35M$230.02M$97.99M$78.45M$55.77M
Current assets$1.57B$1.39B$1.71B$1.19B$1.16B$980.25M$866.74M$568.45M$595.23M$438.33M
Goodwill$300.80M$296.00M$283.80M$281.43M$212.19M$209.98M$202.93M$101.90M$53.81M$42.13M
Total assets$2.55B$2.26B$2.56B$1.99B$1.82B$1.65B$1.53B$816.48M$733.31M$571.53M
Current liabilities$991.20M$314.30M$335.85M$393.04M$370.20M$296.40M$320.33M$110.31M$106.12M$95.05M
Short-term debt$567.50M-$20.00M$20.00M$20.00M$17.50M$17.50M---
Long-term debt-$564.70M$895.68M$353.26M$372.73M$304.55M$321.53M---
Total debt$567.50M$564.70M$915.68M$373.26M$392.73M$322.05M$339.03M---
Total liabilities$1.18B$1.06B$1.41B$925.90M$945.84M$832.32M$855.15M$209.18M$212.67M$179.46M
Shareholders' equity$1.36B$1.20B$1.14B$1.07B$871.50M$815.34M$677.26M$607.30M$520.64M$392.07M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$233.30M$130.80M$208.90M$183.59M$140.25M$201.24M$48.39M$151.27M$182.70M$119.29M
Capital expenditures$107.40M$56.80M$61.00M$58.88M$28.82M$36.36M$25.19M$20.33M$9.04M$6.82M
Free cash flow$125.90M$74.00M$147.90M$124.70M$111.43M$164.87M$23.20M$130.94M$173.66M$112.47M
Investing cash flow-$109.80M-$73.60M-$64.70M-$208.27M-$47.30M-$42.84M-$393.85M-$113.59M-$28.08M$300.0K
Financing cash flow-$56.10M-$377.10M$445.70M-$61.87M-$25.37M-$29.61M$338.84M-$97.13M-$31.31M$2.14M
Dividends paid$15.60M$15.40M$15.20M$15.20M$15.38M-----
Share repurchases$30.20M$1.80M$40.00M$26.64M$78.13M$11.63M-$95.13M$29.99M$0
Stock-based compensation$55.70M$45.90M$31.00M$19.85M$15.74M$12.27M$7.33M$9.70M$12.55M$6.33M
Depreciation and amortization$62.00M$68.50M$66.50M$60.30M$52.89M$47.77M$26.15M$13.59M$9.42M$7.81M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY21.4%-10.5%-10.3%26.8%2.8%79.5%9.7%7.1%38.7%16.6%
Net income growth, YoY173.8%-57.8%-35.7%48.2%0.0%107.4%-55.8%6.6%8.2%-
EPS growth, YoY168.5%-57.9%-35.7%50.7%0.3%107.1%-54.8%9.0%7.9%-
Gross margin37.7%35.7%35.8%36.6%36.6%38.3%40.0%50.9%53.1%52.3%
Operating margin9.3%2.5%6.9%12.6%10.4%12.4%6.9%23.9%29.9%26.2%
Net margin8.2%3.7%7.7%10.8%9.3%9.5%8.2%20.5%20.5%26.3%
Free cash flow margin7.0%5.0%8.9%6.8%7.7%11.6%2.9%18.2%25.9%23.3%
Return on equity10.9%4.5%11.2%18.7%15.5%16.5%9.6%24.2%26.5%32.5%
Return on assets5.8%2.4%5.0%10.0%7.4%8.2%4.2%18.0%18.8%22.3%
Current ratio1.594.425.103.023.143.312.715.155.614.61
Debt to equity0.420.470.800.350.450.390.50---

Source: XBRL data Advanced Energy Industries Inc. files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AEIS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AEIS$2.27B+31.7%$288.80M12.7%$7.98B
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B

AEIS FAQ

9 questions
  • What is AEIS revenue?
    Advanced Energy Industries Inc. (AEIS) reported $2.27B of revenue for the twelve months ended Sep 30, 2026. That is up 31.7% from the year before. Revenue for fiscal 2025 was $1.80B.
  • Is AEIS profitable?
    Yes. Advanced Energy Industries Inc. earned $288.80M in net income for the twelve months ended Sep 30, 2026, a net margin of 12.7%.
  • How much cash and debt does AEIS have?
    Advanced Energy Industries Inc. reported $1.42B in cash and cash equivalents and $1.27B of debt on its most recent balance sheet in SEC filings.
  • How fast is AEIS revenue growing?
    Advanced Energy Industries Inc.'s revenue changed +21.4% in fiscal 2025, to $1.80B. Its compound annual growth rate was +4.9% over 5 years and +15.8% over 10 years.
  • What is AEIS gross margin?
    Advanced Energy Industries Inc.'s gross profit was $915.20M on $2.27B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 40.3%.
  • What is AEIS free cash flow?
    Advanced Energy Industries Inc. generated $69.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $224.60M less capital expenditures.
  • What is AEIS earnings per share?
    Diluted earnings per share were $6.97 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AEIS last report financial results?
    The latest statements here come from Advanced Energy Industries Inc.'s 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this AEIS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Advanced Energy Industries Inc. files with the SEC. It is provided for information only and is not investment advice.