AEIS
Advanced Energy Industries, Inc.215.16
-1.71-0.79%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Supply curbs data center conservatism
Q&A reinforced prepared optimism on high-teens 2026 revenue growth but surfaced supply chain constraints—processors and memory—as reasons for data center's >30% outlook covering only existing hyperscalers. Steve Kelley highlighted semi H2 acceleration from logic/DRAM surges and EVOS/Everest/NavX share gains at sub-2nm, plus system power ramps potentially lifting growth toward 20%. Capacity via Thailand ensures no bottlenecks, even above $150B WFE. 800V projects promise ASP uplift. Management was candid on risks yet confident. Watch supply and second-wave ramps.
Key Stats
Market Cap
8.12BP/E (TTM)
56.18Basic EPS (TTM)
3.83Dividend Yield
0%Recent Filings
10-K
FY2025 results
Advanced Energy's FY2025 revenue hit $1.8B, up 21% y/y, powered by Data Center Computing more than doubling to $587M on AI demand while Semiconductor Equipment grew 6% to $840M. Q4 saw Semiconductor conditions improve, fueling momentum into 2026 alongside sustained AI investments. Gross margin expanded to 37.7% from manufacturing efficiencies. Cash hit $791M with $235M operating cash flow; Q4 repurchased 33K shares at ~$205 avg while paying $0.10/share dividends. Q4 accelerated key markets. Cyclical semiconductor demand threatens quarterly swings.
8-K
Q4 beats, 21% yearly growth
Advanced Energy hit Q4 revenue of $489M, fueled by semiconductor demand surge, while data center computing soared 107% yearly to record highs. Full-year revenue climbed 21% to $1.80B, non-GAAP EPS jumped 73% to $6.41, with record $235M operating cash flow. Q1 2026 guides $500M revenue. Cash pile bulks to $791M.
10-Q
Q3 FY2025 results
Advanced Energy crushed Q3 with revenue jumping 23.8% y/y to $463.3M, fueled by data center computing up 112.9% y/y while semiconductor held flat; gross margin expanded to 37.6% from 35.8% on cost cuts. Operating income flipped to $49.2M profit from $11.0M loss, diluted EPS hit $1.20 versus $(0.40), reconciled to 38.5M shares with convertible dilution. Cash swelled to $758.6M, FCF at $84.7M (derived) after $69.9M capex, backed by $600M revolver availability despite $567M Convertible Notes (2.5%, 2028). Restructuring tapered to $0.7M. Data center demand powers ahead.
8-K
Q3 beat on AI data centers
8-K
Strong Q2 AI-driven results
Advanced Energy Industries reported Q2 2025 revenue of $441.5 million, surpassing guidance highs, fueled by record data center computing sales that nearly doubled year-over-year to $141.6 million amid surging AI demand. GAAP EPS hit $0.67, while non-GAAP EPS reached $1.50; yet industrial and medical segments dipped to $68.6 million. Cash from operations topped $46.5 million. Q3 guidance eyes $440 million revenue, plus or minus $20 million.
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