Financials

Advanced Energy Industries Inc. financials

AEIS Semiconductors and Semiconductor Equipment

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.

Snapshot

Advanced Energy Industries Inc. reported $1.80B in revenue in fiscal 2025, up 21.4% year over year, with an operating margin of 9.3%.

Revenue (FY2025): $1.80B
YoY growth: +21.4%
Operating margin: 9.3%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	1,798,800	1,482,000	1,655,800	1,845,420
Cost of Sales	1,121,400	952,700	1,063,400	1,169,920
Gross Profit	677,400	529,300	592,400	675,506
Selling, General & Administrative Expenses	242,400	224,600	221,000	218,463
Depreciation & Amortization Expenses	22,100	26,000	28,300	26,114
Research & Development Expenses	232,400	211,800	202,400	191,020
Other Operating Expenses	12,500	30,300	27,000	6,814
Operating Profit	168,000	36,600	113,700	233,095
Interest and Investment Income	26,600	42,900	27,100	4,147
Interest Expense	(16,700)	(25,100)	(16,600)	(7,325)
Non-Operating Income	(9,200)	(2,000)	(1,700)	11,824
Total Non-Operating Income	700	15,800	8,800	8,646
Income Before Provision for Income Taxes	168,700	52,400	122,500	241,741
Provision for Income Taxes	19,400	(3,900)	(8,300)	39,850
Consolidated Net Income	149,300	56,300	130,800	201,891
Net Income Attributable to Minority Interests and Other	—	—	—	16
Net Income Attributable to Discontinued Operations	(900)	(2,100)	(2,500)	(2,215)
Net Income Attributable to Common Shareholders	148,400	54,200	128,300	199,660
Basic EPS	3.95	1.45	3.42	5.39
Diluted EPS	3.84	1.43	3.40	5.35
Basic Weighted Average Shares Outstanding	37,600	37,500	37,500	37,463
Diluted Weighted Average Shares Outstanding	38,600	37,800	37,800	37,721
Shares Outstanding	37,800	37,700	37,300	37,429

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	791,200	722,100	1,044,560	458,818
Total Cash and Cash Equivalents	791,200	722,100	1,044,560	458,818
Accounts Receivable	325,200	265,300	282,430	300,683
Total Trade Receivables	325,200	265,300	282,430	300,683
Inventories	411,200	360,400	336,137	376,012
Other Current Assets	46,300	41,500	48,771	53,001
Total Current Assets	1,573,900	1,389,300	1,711,890	1,188,510
Net Property, Plant & Equipment	370,900	281,900	263,097	248,639
Net Intangible Assets	117,700	139,400	161,478	189,526
Goodwill	300,800	296,000	283,840	281,433
Other Long-Term Assets	182,500	155,300	136,448	84,056
Total Assets	2,545,800	2,261,900	2,556,760	1,992,170
Accounts Payable	224,100	143,500	141,850	170,467
Accrued Expenses	171,100	141,500	140,257	159,483
Current Portion of Long-Term Debt	—	—	20,000	20,000
Current Portion of Leases	15,800	17,800	17,744	16,771
Unearned Revenue	12,700	11,500	15,997	26,322
Total Current Liabilities	991,200	314,300	335,848	393,043
Long-Term Debt	567,500	564,700	895,679	353,262
Leases	95,700	89,200	89,330	94,460
Other Long-Term Liabilities	88,300	87,100	91,718	85,136
Total Long-Term Liabilities	751,500	741,000	1,076,730	532,858
Total Liabilities	1,175,200	1,055,300	1,412,580	925,901
Common Stock	(2,600)	(900)	37	37
Additional Paid-in Capital	230,600	189,100	148,300	134,640
Accumulated Other Comprehensive Income	6,200	(11,800)	6,114	16,320
Retained Earnings	1,128,600	1,026,700	989,731	915,270
Total Common Shareholders' Equity	1,362,800	1,203,100	1,144,180	1,066,270
Minority Interests and Other	7,800	3,500	—	—
Total Shareholders' Equity	1,370,600	1,206,600	1,144,180	1,066,270
Total Liabilities and Shareholders' Equity	2,545,800	2,261,900	2,556,760	1,992,170

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	148,400	54,200	128,300	199,676
Depreciation & Amortization	62,000	68,500	66,500	60,296
Share-Based Compensation Expense	55,700	45,900	31,000	19,849
Other Adjustments	(9,800)	(15,500)	(32,200)	(9,151)
Changes in Trade Receivables	(57,400)	14,600	23,300	(59,630)
Changes in Inventories	(47,400)	(27,900)	39,300	(32,244)
Changes in Accounts Payable	79,300	(600)	(26,100)	(28,703)
Changes in Accrued Expenses	10,000	(5,300)	(25,300)	49,296
Changes in Other Operating Activities	(7,000)	(3,000)	5,600	(17,873)
Cash from Operating Activities	233,300	130,800	208,900	183,587
Capital Expenditure	(107,400)	(56,800)	(61,000)	(58,885)
Purchases of Investments	(2,400)	(3,000)	(3,700)	—
Payments for Business Acquisitions	—	(13,800)	—	(149,387)
Cash from Investing Activities	(109,800)	(73,600)	(64,700)	(208,272)
Issuance of Long-Term Debt	—	—	575,000	—
Repayments of Long-Term Debt	(1,900)	(355,000)	(20,000)	(20,000)
Net Issuance / (Repayments) of Long-Term Debt	(1,900)	(355,000)	555,000	(20,000)
Repurchases of Common Shares	(30,200)	(1,800)	(40,000)	(26,635)
Net Issuance / (Repurchases) of Common Shares	(30,200)	(1,800)	(40,000)	(26,635)
Common Share Dividends Paid	(15,600)	(15,400)	(15,200)	(15,204)
Other Financing Activities	(8,400)	(4,900)	(54,100)	(26)
Cash from Financing Activities	(56,100)	(377,100)	445,700	(61,865)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1,700	(2,600)	(4,100)	996
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	69,100	(322,500)	585,800	(85,554)

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$511M	+26.3%	13.4%	$68M
Q4 2025	$489M	+17.8%	11.6%	$57M
Q3 2025	$463M	+23.8%	10.6%	$49M
Q2 2025	$442M	+21.0%	7.2%	$32M
Q1 2025	$405M	—	7.6%	$31M
Q4 2024	$415M	—	8.2%	$34M
Q3 2024	$374M	—	-2.9%	$-11M
Q2 2024	$365M	—	3.5%	$13M

Revenue by quarter$M

$365M

Q2 '24

$374M

Q3 '24

$415M

Q4 '24

$405M

Q1 '25

$442M

Q2 '25

$463M

Q3 '25

$489M

Q4 '25

$511M

Q1 '26

37.7%

Gross margin

9.3%

Operating margin

8.3%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-10

Snapshot

Financial statements

Quarterly trend

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