Advanced Energy (AEIS)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P MidCap 400

$197.01

+11.35 (+6.11%)

Close of Nov 06, 2026 · end-of-day data

Source: Advanced Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$483.70M	$671.01M	$718.89M	$788.95M	$1.42B	$1.46B	$1.85B	$1.66B	$1.48B	$1.80B
Cost of revenue	$230.56M	$314.63M	$353.29M	$473.30M	$873.96M	$923.63M	$1.17B	$1.06B	$952.70M	$1.12B
Gross profit	$253.15M	$356.38M	$365.61M	$315.65M	$541.87M	$532.32M	$675.51M	$592.40M	$529.30M	$677.40M
Research & development	$44.45M	$58.00M	$76.01M	$101.50M	$143.96M	$161.83M	$191.02M	$202.40M	$211.80M	$232.40M
Selling, general & admin	$77.68M	$93.26M	$108.03M	$142.56M	$188.59M	$192.00M	$218.46M	$221.00M	$224.60M	$242.40M
Operating income	$126.86M	$200.77M	$171.55M	$54.39M	$176.02M	$151.68M	$233.09M	$113.70M	$36.60M	$168.00M
Interest expense	—	$66.00K	$228.00K	$2.99M	$5.08M	$3.58M	$7.33M	$16.60M	$25.10M	$16.70M
Pre-tax income	$128.08M	$198.19M	$172.38M	$67.19M	$158.15M	$148.71M	$241.74M	$122.50M	$52.40M	$168.70M
Income tax	$11.13M	$62.09M	$25.23M	$10.70M	$23.00M	$14.00M	$39.85M	-$8.30M	-$3.90M	$19.40M
Net income	$127.45M	$137.86M	$147.03M	$64.94M	$134.68M	$134.74M	$199.66M	$128.28M	$54.21M	$148.40M
EBITDA	$134.67M	$210.19M	$185.15M	$80.53M	$223.79M	$204.57M	$293.39M	$180.20M	$105.10M	$230.00M
EPS (basic)	$3.21	$3.47	$3.76	$1.70	$3.52	$3.53	$5.33	$3.42	$1.45	$3.95
EPS (diluted)	$3.18	$3.43	$3.74	$1.69	$3.50	$3.51	$5.29	$3.40	$1.43	$3.84
Diluted shares	40.03M	40.18M	39.35M	38.49M	38.54M	38.35M	37.72M	37.80M	37.80M	38.60M
Gross margin	52.3%	53.1%	50.9%	40.0%	38.3%	36.6%	36.6%	35.8%	35.7%	37.7%
Operating margin	26.2%	29.9%	23.9%	6.9%	12.4%	10.4%	12.6%	6.9%	2.5%	9.3%
Net margin	26.3%	20.5%	20.5%	8.2%	9.5%	9.3%	10.8%	7.7%	3.7%	8.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$281.95M	$407.28M	$349.30M	$346.44M	$480.37M	$544.37M	$458.82M	$1.04B	$722.10M	$791.20M
Short-term investments	—	$3.10M	$2.47M	$2.61M	$2.65M	$2.30M	—	—	—	—
Receivables	$75.67M	$87.43M	—	—	—	—	$300.68M	$282.43M	$265.30M	$325.20M
Inventory	$55.77M	$78.45M	$97.99M	$230.02M	$221.35M	$338.41M	$376.01M	$336.14M	$360.40M	$411.20M
Total current assets	$438.33M	$595.23M	$568.45M	$866.74M	$980.25M	$1.16B	$1.19B	$1.71B	$1.39B	$1.57B
Goodwill	$42.12M	$53.81M	$101.90M	$202.93M	$209.98M	$212.19M	$281.43M	$283.80M	$296.00M	$300.80M
Total assets	$571.53M	$733.31M	$816.48M	$1.53B	$1.65B	$1.82B	$1.99B	$2.56B	$2.26B	$2.55B
Total current liabilities	$95.05M	$106.12M	$110.31M	$320.33M	$296.40M	$370.20M	$393.04M	$335.85M	$314.30M	$991.20M
Short-term debt	—	—	—	$17.50M	$17.50M	$20.00M	$20.00M	$20.00M	—	$567.50M
Long-term debt	—	—	—	$321.53M	$304.55M	$372.73M	$353.26M	$895.68M	$564.70M	$567.50M
Total debt	—	—	—	$339.03M	$322.05M	$392.73M	$373.26M	$915.68M	$564.70M	$1.14B
Total liabilities	$179.46M	$212.67M	$209.18M	$855.15M	$832.32M	$945.84M	$925.90M	$1.41B	$1.06B	$1.18B
Shareholders' equity	$392.07M	$520.64M	$606.79M	$676.71M	$814.74M	$870.85M	$1.07B	$1.14B	$1.20B	$1.36B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$119.29M	$182.70M	$151.27M	$48.39M	$201.24M	$140.25M	$183.59M	$208.90M	$130.80M	$233.30M
Capital expenditures	$6.82M	$9.04M	$20.33M	$25.19M	$36.36M	$28.82M	$58.88M	$61.00M	$56.80M	$107.40M
Free cash flow	$112.47M	$173.66M	$130.94M	$23.20M	$164.87M	$111.43M	$124.70M	$147.90M	$74.00M	$125.90M
Investing cash flow	$300.00K	-$28.08M	-$113.59M	-$393.85M	-$42.84M	-$47.30M	-$208.27M	-$64.70M	-$73.60M	-$109.80M
Financing cash flow	$2.14M	-$31.31M	-$97.13M	$338.84M	-$29.61M	-$25.37M	-$61.87M	$445.70M	-$377.10M	-$56.10M
Dividends paid	—	—	—	—	—	$15.38M	$15.20M	$15.20M	$15.40M	$15.60M
Share buybacks	$0	$29.99M	$95.12M	—	$11.63M	$78.12M	$26.64M	$40.00M	$1.80M	$30.20M
Stock-based compensation	$6.33M	$12.55M	$9.70M	$7.33M	$12.27M	$15.74M	$19.85M	$31.00M	$45.90M	$55.70M
Depreciation & amortization	$7.81M	$9.42M	$13.59M	$26.15M	$47.77M	$52.89M	$60.30M	$66.50M	$68.50M	$62.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$405.26M	$327.50M	$364.90M	$374.20M	$415.40M	$404.60M	$441.50M	$463.30M	$489.40M	$511.00M	$574.10M	$696.40M
Cost of revenue	$262.39M	$214.60M	$237.20M	$240.10M	$260.80M	$254.10M	$278.10M	$288.90M	$300.30M	$310.10M	$338.00M	$407.30M
Gross profit	$142.87M	$112.90M	$127.70M	$134.10M	$154.60M	$150.50M	$163.40M	$174.40M	$189.10M	$200.90M	$236.10M	$289.10M
Research & development	$48.99M	$49.80M	$52.30M	$53.60M	$56.10M	$54.20M	$59.00M	$59.10M	$60.10M	$62.40M	$65.00M	$67.10M
Selling, general & admin	$54.90M	$55.10M	$55.10M	$56.20M	$58.20M	$59.00M	$60.20M	$59.80M	$63.40M	$62.30M	$69.40M	$73.80M
Operating income	$13.78M	$900.00K	$12.90M	-$11.00M	$33.80M	$30.60M	$31.60M	$49.20M	$56.60M	$68.30M	$95.10M	$143.20M
Interest expense	$7.23M	$7.10M	$7.00M	$6.40M	$4.60M	$4.20M	$4.20M	$4.20M	$4.10M	$4.10M	$3.30M	$3.00M
Pre-tax income	$16.24M	$7.80M	$18.60M	-$14.50M	$40.50M	$29.90M	$29.30M	$52.30M	$57.20M	$70.00M	$66.60M	$151.90M
Income tax	-$21.70M	$1.80M	$3.20M	-$400.00K	-$8.50M	$5.00M	$3.80M	$5.90M	$4.70M	$2.70M	$12.10M	$36.10M
Net income	$37.50M	$5.40M	$14.80M	-$14.90M	$48.87M	$24.70M	$25.20M	$46.20M	$52.30M	$66.80M	$54.10M	$115.60M
EBITDA	$30.51M	$17.90M	$29.80M	$6.90M	$50.50M	$46.70M	$47.20M	$64.30M	$71.80M	$84.10M	$111.60M	$160.40M
EPS (basic)	$1.00	$0.14	$0.39	$-0.40	$1.31	$0.66	$0.67	$1.23	$1.39	$1.77	$1.39	$2.89
EPS (diluted)	$1.00	$0.14	$0.39	$-0.40	$1.29	$0.65	$0.67	$1.20	$1.32	$1.58	$1.28	$2.79
Diluted shares	-42.00K	37.70M	37.80M	37.50M	0	38.10M	37.80M	38.50M	500.00K	42.20M	42.30M	41.40M
Gross margin	35.3%	34.5%	35.0%	35.8%	37.2%	37.2%	37.0%	37.6%	38.6%	39.3%	41.1%	41.5%
Operating margin	3.4%	0.3%	3.5%	-2.9%	8.1%	7.6%	7.2%	10.6%	11.6%	13.4%	16.6%	20.6%
Net margin	9.3%	1.6%	4.1%	-4.0%	11.8%	6.1%	5.7%	10.0%	10.7%	13.1%	9.4%	16.6%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$1.04B	$1.02B	$986.15M	$657.29M	$722.10M	$723.00M	$713.50M	$758.60M	$791.20M	$699.50M	$1.40B	$1.42B
Receivables	$282.43M	$247.51M	$262.42M	$259.40M	$265.30M	$276.70M	$304.00M	$299.50M	$325.20M	$376.70M	$403.60M	$474.80M
Inventory	$336.14M	$361.34M	$383.14M	$377.74M	$360.40M	$368.80M	$397.90M	$399.70M	$411.20M	$458.70M	$538.10M	$645.70M
Total current assets	$1.71B	$1.67B	$1.68B	$1.35B	$1.39B	$1.41B	$1.46B	$1.50B	$1.57B	$1.59B	$2.41B	$2.61B
Goodwill	$283.80M	$280.83M	$297.33M	$299.04M	$296.00M	$297.30M	$300.90M	$300.70M	$300.80M	$300.20M	$299.80M	$299.10M
Total assets	$2.56B	$2.52B	$2.54B	$2.19B	$2.26B	$2.30B	$2.38B	$2.44B	$2.55B	$2.59B	$3.43B	$3.65B
Total current liabilities	$335.85M	$297.99M	$306.84M	$291.51M	$314.30M	$319.20M	$356.90M	$366.50M	$991.20M	$1.00B	$636.10M	$721.90M
Short-term debt	$20.00M	$20.00M	$20.00M	—	—	—	—	—	$567.50M	$568.20M	$135.60M	$136.40M
Long-term debt	$895.68M	$891.50M	$887.31M	$564.00M	$564.70M	$565.40M	$566.10M	$566.80M	$567.50M	$568.20M	$1.13B	$1.13B
Total debt	$915.68M	$911.50M	$907.31M	$564.00M	$564.70M	$565.40M	$566.10M	$566.80M	$1.14B	$1.14B	$1.26B	$1.27B
Total liabilities	$1.41B	$1.38B	$1.38B	$1.03B	$1.06B	$1.07B	$1.12B	$1.12B	$1.18B	$1.19B	$1.95B	$2.04B
Shareholders' equity	$1.14B	$1.14B	$1.16B	$1.16B	$1.20B	$1.23B	$1.26B	$1.31B	$1.36B	$1.38B	$1.46B	$1.59B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$83.97M	$7.30M	$6.70M	$34.20M	$82.60M	$28.90M	$45.20M	$78.70M	$80.50M	-$6.00M	$85.00M	$65.10M
Capital expenditures	$14.22M	$16.60M	$14.80M	$12.60M	$12.80M	$13.90M	$28.10M	$27.90M	$37.50M	$36.60M	$49.50M	$31.10M
Free cash flow	$69.75M	-$9.30M	-$8.10M	$21.60M	$69.80M	$15.00M	$17.10M	$50.80M	$43.00M	-$42.60M	$35.50M	$34.00M
Investing cash flow	-$14.47M	-$18.70M	-$28.90M	-$12.90M	-$13.10M	-$15.10M	-$28.50M	-$28.30M	-$37.90M	-$38.00M	-$49.50M	-$31.10M
Financing cash flow	-$8.50M	-$14.10M	-$9.10M	-$351.30M	-$2.60M	-$13.40M	-$29.40M	-$4.20M	-$9.10M	-$44.90M	$661.70M	-$6.60M
Dividends paid	$3.78M	$3.80M	$3.90M	$3.90M	$3.80M	$3.80M	$3.90M	$3.90M	$4.00M	$3.80M	$4.10M	$4.10M
Share buybacks	$0	—	—	$1.77M	$0	$500.00K	$23.20M	$0	$6.50M	$500.00K	$0	$0
Stock-based compensation	$8.19M	$11.00M	$11.40M	$11.90M	$11.70M	$13.00M	$13.60M	$14.60M	$14.50M	$18.10M	$21.40M	$18.60M
Depreciation & amortization	$16.74M	$17.00M	$16.90M	$17.90M	$16.70M	$16.10M	$15.60M	$15.10M	$15.20M	$15.80M	$16.50M	$17.20M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.