Advanced Energy Reports Third Quarter 2026 Results
Q3 revenue $696M, up 50% y/y and above guidance; non-GAAP EPS $3.65 vs $1.74 a year ago; Q4 EPS guide $3.90 +/- $0.30.
What this release says
Advanced Energy reported third quarter 2026 revenue of $696 million, up from $463 million a year earlier and above the high end of its guidance. GAAP earnings per share from continuing operations were $2.80, and non-GAAP EPS was $3.65. For a shareholder, the release points to strong demand in semiconductor and data center markets, with fourth quarter guidance calling for revenue of $735 million plus or minus $25 million.
Key figures
- Q3 2026 revenue
- $696 million
- Revenue growth year-over-year
- 50%
- GAAP EPS from continuing operations
- $2.80
- Non-GAAP EPS
- $3.65
- Q4 2026 revenue guidance
- $735 million +/- $25 million
- Cash flow from continuing operations
- $66 million
Positive for shareholders
- Revenue beat the high end of guidance and grew 50% year-over-year.
- Semiconductor and Data Center Computing revenue reached record levels, growing 64% and 49% year-over-year.
- Non-GAAP EPS of $3.65 came in above the high end of guidance.
- The company repurchased $30 million of its common stock in October.
Negative for shareholders
- GAAP net income in the second quarter included $0.75 per diluted share of inducement costs tied to partial conversion of the 2028 convertible senior notes.
- The company paid $4 million in quarterly dividends during the quarter.
- Management says new products are expected to add revenue in 2027, which is not yet realized.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Non-GAAP EPS:
- Earnings per share calculated by excluding certain non-cash and one-time charges, such as stock compensation and restructuring costs, that the company says do not reflect ongoing operations.
- Inducement costs:
- Extra costs a company pays to convince holders of convertible debt to convert their notes into shares sooner than they otherwise would.
- Convertible senior notes:
- Debt that can be exchanged for a set number of company shares under certain conditions, which can dilute existing shareholders if converted.
- Discontinued operations:
- Parts of a business that have been sold or are being shut down and are reported separately from the company's ongoing operations.
FAQ
How did Advanced Energy's third quarter 2026 revenue compare with a year earlier?
Revenue was $696 million in the third quarter of 2026, compared with $463 million in the third quarter of 2025, an increase of 50%.
What is Advanced Energy guiding for the fourth quarter of 2026?
The company guides to revenue of $735 million plus or minus $25 million, GAAP EPS from continuing operations of $3.30 plus or minus $0.30, and non-GAAP EPS of $3.90 plus or minus $0.30.
Did Advanced Energy buy back any of its stock?
Yes, after the end of the third quarter the company repurchased $30 million of its common stock at an average price of $240.77 per share in October.
Historical context for AEIS
Across the 24 sessions after earlier AEIS headlines, the stock closed higher 15 times and lower 9 times, with a median move of 2.6% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | AEIS | SPY |
|---|---|---|---|
| Oct 19, 2026 | Advanced Energy Announces Third Quarter 2026 Earnings Date on November 2 | +1.2% | +0.4% |
| Oct 13, 2026 | Advanced Energy Launches 3200 W and 3600 W M-CRPS Power Supplies with Ultra-High Power Densityand 2 other headlines that session | -1.8% | -0.0% |
| Sep 24, 2026 | Advanced Energy Launches Ultra-Ruggedized 160 W AC-DC Power Supply for Extreme Environments | -0.5% | -0.1% |
| Aug 6, 2026 | Advanced Energy Declares Quarterly Cash Dividend | -1.6% | -0.2% |
| Aug 5, 2026 | Advanced Energy upgraded by Seaport Research Partners with a new price target | -3.6% | -0.2% |
| Aug 4, 2026 | Advanced Energy to Participate at Upcoming Investor Conferencesand 1 other headline that session | +15.2% | +1.8% |
Keep researching AEIS
- AEIS earnings historyPast Advanced Energy Industries Inc. earnings releases, newest first.
- What is Earnings per share?A company's net income available to common shareholders divided by its weighted average shares outstanding, reported as basic and diluted figures.
- How to read an earnings reportAn earnings report is a company's quarterly results release, usually filed under 8-K Item 2.02. Learn how to read revenue, EPS, margins, guidance and the 10-Q.
- Earnings calendarWho reports this week, and the results as they come out.
- AEIS financial statementsRevenue, profit, cash flow and balance sheet from Advanced Energy Industries Inc.'s SEC filings.
- AEIS insider tradesEvery buy and sale reported by Advanced Energy Industries Inc. officers, directors and large holders.
- Market cap
- 30-day
- Sector
- Technology
- Industry
- Industrial Machinery/Components
- Listed since
- 1995
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