Advanced Energy Industries Inc.

Advanced Energy Industries Inc., founded in 1968, is a technology company specializing in precision power conversion, measurement, and control solutions primarily for the semiconductor industry. Under the leadership of CEO Michael D. Callahan since 2018, the company generates revenue through sophisticated equipment sales and comprehensive service contracts. It holds a notable market position with innovative technologies and enduring customer relationships in niche high-tech manufacturing segments. Ongoing R&D investments and strategic market expansions, including ventures into emerging sectors like EV battery and renewable energy applications, underscore its future growth potential.

Advanced Energy maintains a Board-authorized share-repurchase program ($200.0 million total authorization, last increased August 3, 2022), with $166.6 million remaining for future repurchases as of March 31, 2026 and no time limitation; the company spent $30.2 million repurchasing common stock in FY2025.