Earnings summary
Advanced Energy Industries Inc Q1 2026 results
Reported 2026-05-04Full transcript →
Snapshot
Advanced Energy Industries Inc reported $511M of revenue in Q1 2026, up 26.3% year over year, with diluted EPS of $1.58 and an operating margin of 13.4%.
- Revenue
- $511M
- YoY growth
- +26.3%
- Diluted EPS
- $1.58
- Operating margin
- 13.4%
$511M
Revenue
+26.3%
YoY growth
$1.58
Diluted EPS
13.4%
Operating margin
01 Key takeaways
What management said
- •Any targets beyond the current quarter presented today should not be interpreted as guidance.
- •First quarter revenue came in above the midpoint of guidance, driven by record data center revenue.
- •In the second quarter, we expect to deliver record revenue, largely due to strength in semiconductor.
- •Looking into the second half of 2026, we see increased demand in all of our markets.
- •We are also seeing steady improvement in the industrial medical market, as evidenced by a 14% sequential increase in bookings and a growing backlog.
- •We delivered over 40% gross margin in the first quarter, the culmination of a multi-year effort to improve our manufacturing efficiency and product differentiation.
- •Looking forward, we believe that we can further increase gross margin as high-value products ramp to volume and manufacturing efficiency continues to improve.
- •Given our progress over the last few years, we are confident that we can achieve the longer-term goal of greater than 43% gross margin.
- •Given the strong demand environment, we are executing our capacity expansion plans in Malaysia, the Philippines, and Mexico.
- •Exiting the year, we expect to have over $2.5 billion in revenue-generating capacity.
- •In the first quarter, customer forecast strengthened considerably, which we believe will drive record performance in 2026 and continued growth in 2027.
- •We are also benefiting from an uptick in demand for our system power products, largely due to recent wins and test in wafer fab equipment applications.
SourcesCompany financials · earnings call
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