Advanced Energy Industries (AEIS) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Advanced Energy Industries published the results on November 2, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Advanced Energy Industries reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• GAAP EPS on this page is diluted EPS from continuing operations, the figure Advanced Energy leads with. Diluted EPS on total net income, including a small loss from discontinued operations, was $2.79, against $1.20 a year earlier.
• Advanced Energy reports one segment and breaks revenue out by the market its customers serve.

Source: Advanced Energy Q3 2026 results, November 2, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Advanced Energy Industries splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Advanced Energy Industries's Semiconductor Equipment revenue was $322 million in Q3 2026, up 64% from $197 million in Q3 2025, 46% of total revenue.
• Advanced Energy Industries's Data Center Computing revenue was $256 million in Q3 2026, up 49% from $172 million in Q3 2025, 37% of total revenue.
• Advanced Energy Industries's Industrial and Medical revenue was $90.5 million in Q3 2026, up 27% from $71.2 million in Q3 2025, 13% of total revenue.
• Advanced Energy Industries's Telecom and Networking revenue was $27.5 million in Q3 2026, up 15% from $23.9 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Advanced Energy Industries said:

“Revenue $735 million +/- $25 million”

“GAAP EPS from continuing operations $3.30 +/- $0.30”

“Non-GAAP EPS $3.90 +/- $0.30”

Source: Advanced Energy Q3 2026 release, Nov 2, 2026.

This is the company's own guidance as of Nov 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AEIS forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS from continuing operations, each as first reported in that quarter's release.

We do not hold a confirmed date for Advanced Energy Industries's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 2, 2026

Advanced Energy Industries makes precision power conversion, measurement and control products and reports revenue by the market it sells into. In Q3 2026 Semiconductor Equipment brought in $322.2 million of the $696.4 million total and Data Center Computing $256.2 million. Industrial and Medical added $90.5 million and Telecom and Networking $27.5 million. Revenue was up 50% from $463.3 million and above the high end of Advanced Energy's guidance. (Advanced Energy Q3 2026 release, Nov 2, 2026)

Advanced Energy's power products go into semiconductor tools for dry etch and strip, deposition, ion implantation, inspection and metrology, and back-end test and packaging. Its AC-DC and DC-DC power conversion products are designed into data center server and storage systems used by hyperscale customers and their partners. (Advanced Energy Form 10-Q, Q3 2026, Nov 2, 2026)

Advanced Energy said Semiconductor Equipment revenue rose 64%, to a record, on strengthening equipment demand for leading-edge processes in logic and memory. Data Center Computing rose 49%, also a record, which it attributed to AI investment by leading hyperscale customers and earlier design wins. Industrial and Medical grew on an improved demand environment in its end markets. (Advanced Energy Q3 2026 release, Nov 2, 2026; Advanced Energy Form 10-Q, Q3 2026, Nov 2, 2026)

Advanced Energy's revenue is concentrated. In 2025 three customers accounted for 23%, 19% and 12% of total revenue. By shipping location, Mexico was $179.2 million (25.7%) of Q3 2026 revenue, the United States $176.9 million (25.4%), Malaysia $82.2 million (11.8%) and Japan $47.9 million (6.9%). (Advanced Energy Form 10-K, 2025, Feb 13, 2026; Advanced Energy Form 10-Q, Q3 2026, Nov 2, 2026)

Advanced Energy's GAAP diluted EPS from continuing operations was $2.80 in Q3 2026, against $1.21 a year earlier, and its non-GAAP EPS was $3.65, against $1.74. The non-GAAP figure excludes stock-based compensation ($18.6 million in the quarter), amortization of intangible assets ($5.0 million), facility, infrastructure and other transition costs ($3.0 million), restructuring and unrealized foreign exchange gains and losses. (Advanced Energy Q3 2026 release, Nov 2, 2026)

Tax widened the gap this quarter. Advanced Energy's reported effective tax rate was 23.8%, against 11.3% a year earlier, while its non-GAAP effective tax rate was 15.7%. The non-GAAP share count is also lower, 41.0 million against 41.4 million diluted shares, because Advanced Energy counts its convertible notes at the higher note hedge strike price. (Advanced Energy Q3 2026 release, Nov 2, 2026)

Advanced Energy refinanced its convertible debt in 2026. Q2 2026 GAAP results included $32 million, or $0.75 per diluted share, of inducement costs from partly converting its 2028 notes, and it issued 2031 notes for net proceeds of $1,129.3 million. After the quarter ended it repurchased $30 million of its own stock in October at an average price of $240.77 a share. (Advanced Energy Q3 2026 release, Nov 2, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Advanced Energy gives a one-quarter outlook in each release. For Q4 2026 it guided revenue of $735 million, plus or minus $25 million, GAAP EPS from continuing operations of $3.30, plus or minus $0.30, and non-GAAP EPS of $3.90, plus or minus $0.30. The low end of that revenue range, $710 million, is above Q3 2026's $696.4 million. (Advanced Energy Q3 2026 release, Nov 2, 2026)

CEO Steve Kelley said the Thailand factory ramp is on track and that Advanced Energy expects growing revenue contribution from new products in 2027. In the 10-Q it said it expects both Semiconductor Equipment and Data Center Computing demand trends to continue for the rest of the year. (Advanced Energy Q3 2026 release, Nov 2, 2026; Advanced Energy Form 10-Q, Q3 2026, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Advanced Energy Industries, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Advanced Energy Industries's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AEIS is on is AEIS a buy or a sell?, what analysts expect next is on the AEIS forecast, and what the company does is on the Advanced Energy Industries (AEIS) stock page.

Every number on this page can be traced to a document Advanced Energy Industries published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.