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Advanced Energy Industries Inc
F:AVX

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Advanced Energy Industries Inc Logo
Advanced Energy Industries Inc
F:AVX
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Price: 241.2 EUR -7.41% Market Closed
Market Cap: €9.1B

Advanced Energy Industries Inc
Investor Relations

Advanced Energy Industries makes precision power-conversion equipment that turns electricity into the exact form machines need. Its products include power supplies, plasma power systems, and related controls used in semiconductor manufacturing, industrial equipment, and other applications that need very stable electrical power. The company mainly sells to chipmakers, equipment makers, and other industrial customers that build or run complex production tools. It earns money by selling these power systems, along with replacement units, parts, and service support after the original sale. What makes Advanced Energy different is that it sits in a very specific part of the manufacturing chain: it supplies the power and control hardware that helps sensitive tools work reliably. Its products are often tied to critical processes where exact electrical control matters, so customers buy them for performance, precision, and uptime rather than for general-purpose power use.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 4, 2026
AI Summary
Q1 2026

Beat and raise: Advanced Energy reported first-quarter revenue of $511 million, up 26% year over year and above guidance, with earnings per share of $2.09 also ahead of expectations.

Record data center: Data center computing set another record at $194 million, but management said Q2 should be softer before strength returns in the second half.

Margin milestone: Gross margin reached 40.1%, above management’s prior outlook, and the company said it still sees a path to more than 43% over time.

Outlook raised: Full-year revenue growth target was lifted from the high teens to the low-to-mid 20% range, with data center now expected to grow in the mid-30% range.

Capacity push: AE is expanding capacity in Malaysia, the Philippines, Mexico and Thailand, with total revenue-generating capacity expected to exceed $3.5 billion once Thailand is fully built out.

2027 setup: Management repeatedly emphasized that new semiconductor products, second-wave data center customers, and 800-volt solutions should become more meaningful in 2027 and beyond.

Key Financials
Revenue
$511 million
Earnings per share
$2.09
Gross margin
40.1%
Operating income
$98 million
Operating margin
19.1%
Adjusted EBITDA
$108 million
Data center revenue
$194 million
Semiconductor revenue
$219 million
Industrial & Medical revenue
$72 million
Telecom & Networking revenue
$25 million
Bookings
14% sequential increase
Inventory
$48 million increase
Cash and cash equivalents
$700 million
Net cash
$131 million
Cash flow from continuing operations
-$6 million
Capital expenditures
$37 million
Dividend payments
$3.8 million
Share repurchases
$300,000
Q2 operating expenses
$112 million to $114 million
Tax rate
14.5%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Stephen D. Kelley J.D.
President, CEO & Director
No Bio Available
Mr. Paul R. Oldham
Executive VP & CFO
No Bio Available
Mr. Eduardo Bernal Acebedo
Executive VP & COO
No Bio Available
Ms. Elizabeth Karpinski Vonne J.D.
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. John Donaghey
Executive VP & Global Head of Sales
No Bio Available
Mr. Bernard R. Colpitts Jr.
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Randy Heckman
Senior VP & CTO
No Bio Available
Ms. Cathy Mackinnon
Senior Vice President of Corporate Development
No Bio Available
Mr. Rory G. O'Byrne
Senior VP & Chief People Officer
No Bio Available
Mr. William George Trupkiewicz CPA
Vice President
No Bio Available

Contacts

Address
COLORADO
Denver
1595 Wynkoop Street, Suite 800
Contacts
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