ADVANCED ENERGY INDUSTRIES INC AEIS

Technology SIC 3679 - Electronic Components, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Other Electronic Component Manufacturing derived Nasdaq

Advanced Energy provides highly engineered, critical, precision power conversion, measurement, and control solutions to our global customers. We design, manufacture, sell and service precision power products that transform, refine, and modify the raw electrical power coming from either the utility or the building facility and convert it into various types of highly controllable, usable power that is predictable, repeatable, and customizable to meet the necessary requirements for powering a wide range of complex equipment. Our products enable customers to reduce or optimize their energy consumption through increased power conversion efficiency, power density, power coupling, and process control across a wide range of applications.

Last close 216.63 2026-10-23
Market cap $8.68B 2026-06-30 share count
52-week range 187.71 - 397.44

Valuation FY2025 figures against the last close

P/S4.8x
P/E56.4x
P/FCF68.9x
EV/EBITDA39.2x
Dividend yield0.2%
Diluted EPS3.84

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.80B$1.48B$1.66B$1.85B$1.46B$1.42B$788.9M$718.9M$671.0M$483.7M
Cost of revenue $1.12B$952.7M$1.06B$1.17B$923.6M$874.0M$473.3M$353.3M$314.6M$230.6M
Gross profit $677.4M$529.3M$592.4M$675.5M$532.3M$541.9M$315.7M$365.6M$356.4M$253.1M
R&D $232.4M$211.8M$202.4M$191.0M$161.8M$144.0M$101.5M$76.0M$58.0M$44.4M
SG&A $242.4M$224.6M$221.0M$218.5M$192.0M$188.6M$142.6M$108.0M$93.3M$77.7M
Total operating expenses $509.4M$492.7M$478.7M$442.4M$380.6M$365.8M$261.3M$194.1M$155.6M$126.3M
Operating income $168.0M$36.6M$113.7M$233.1M$151.7M$176.0M$54.4M$171.6M$200.8M$126.9M
Interest expense $16.7M$25.1M$16.6M$7.3M$3.6M——$228.0K$66.0K—
Pre-tax income $168.7M$52.4M$122.5M$241.7M$148.7M$158.1M$67.2M$172.4M$198.2M$128.1M
Income tax $19.4M$3.9M$8.3M$39.9M$14.0M$23.0M$10.7M$25.2M$62.1M$11.1M
Net income $148.4M$54.2M$128.3M$199.7M$134.7M$134.7M$64.9M$147.0M$137.9M$127.5M
EPS, basic 3.951.453.425.333.533.521.703.763.473.21
EPS, diluted 3.841.433.405.293.513.501.693.743.433.18
Shares, diluted (wtd. avg.) 38.6M37.8M37.8M37.7M38.4M38.5M38.5M39.4M40.2M40.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $791.2M$722.1M$1.04B$458.8M$544.4M$480.4M$346.4M$349.3M$407.3M$282.0M
Short-term investments ————$2.3M$2.7M$2.6M$2.5M$3.1M—
Receivables $325.2M$265.3M$282.4M$300.7M—————$75.7M
Inventory $411.2M$360.4M$336.1M$376.0M$338.4M$221.3M$230.0M$98.0M$78.5M$55.8M
Total current assets $1.57B$1.39B$1.71B$1.19B$1.16B$980.2M$866.7M$568.4M$595.2M$438.3M
Property, plant and equipment $272.8M$185.6M$167.7M$148.5M$114.8M$114.7M$108.1M$31.3M$17.8M$13.3M
Goodwill $300.8M$296.0M$283.8M$281.4M$212.2M$210.0M$202.9M$101.9M$53.8M$42.1M
Other intangibles $117.7M$139.4M$161.5M$189.5M$159.4M$168.9M$184.0M$54.9M$33.5M$28.1M
Total assets $2.55B$2.26B$2.56B$1.99B$1.82B$1.65B$1.53B$816.5M$733.3M$571.5M
Accounts payable $224.1M$143.5M$141.8M$170.5M$193.7M$125.2M$170.7M$39.6M$48.2M$46.3M
Short-term debt $567.5M—$20.0M$20.0M$20.0M$17.5M$17.5M———
Total current liabilities $991.2M$314.3M$335.8M$393.0M$370.2M$296.4M$320.3M$110.3M$106.1M$95.0M
Long-term debt $567.5M$564.7M$895.7M$353.3M$372.7M$304.5M$321.5M———
Total liabilities $1.18B$1.06B$1.41B$925.9M$945.8M$832.3M$855.1M$209.2M$212.7M$179.5M
Retained earnings $1.13B$1.03B$989.7M$915.3M$756.3M$712.3M$577.7M$512.8M$333.2M$195.4M
Total equity $1.36B$1.20B$1.14B$1.07B$871.5M$815.3M$677.3M$607.3M$520.6M$392.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $233.3M$130.8M$208.9M$183.6M$140.2M$201.2M$48.4M$151.3M$182.7M$119.3M
Depreciation and amortisation $62.0M$68.5M$66.5M$60.3M$52.9M$47.8M$26.1M$13.6M$9.4M$7.8M
Stock-based compensation $55.7M$45.9M$31.0M$19.8M$15.7M$12.3M$7.3M$9.7M$12.5M$6.3M
Capital expenditure $107.4M$56.8M$61.0M$58.9M$28.8M$36.4M$25.2M$20.3M$9.0M$6.8M
Investing cash flow -$109.8M-$73.6M-$64.7M-$208.3M-$47.3M-$42.8M-$393.8M-$113.6M-$28.1M$300.0K
Financing cash flow -$56.1M-$377.1M$445.7M-$61.9M-$25.4M-$29.6M$338.8M-$97.1M-$31.3M$2.1M
Dividends paid $15.6M$15.4M$15.2M$15.2M$15.4M—————
Buybacks $30.2M$1.8M$40.0M$26.6M$78.1M$11.6M—$95.1M$30.0M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-014731.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 483.7M Gross profit, FY2016: 253.1M Net income, FY2016: 127.5M Revenue, FY2017: 671M Gross profit, FY2017: 356.4M Net income, FY2017: 137.9M Revenue, FY2018: 718.9M Gross profit, FY2018: 365.6M Net income, FY2018: 147M Revenue, FY2019: 788.9M Gross profit, FY2019: 315.7M Net income, FY2019: 64.9M Revenue, FY2020: 1.4B Gross profit, FY2020: 541.9M Net income, FY2020: 134.7M Revenue, FY2021: 1.5B Gross profit, FY2021: 532.3M Net income, FY2021: 134.7M Revenue, FY2022: 1.8B Gross profit, FY2022: 675.5M Net income, FY2022: 199.7M Revenue, FY2023: 1.7B Gross profit, FY2023: 592.4M Net income, FY2023: 128.3M Revenue, FY2024: 1.5B Gross profit, FY2024: 529.3M Net income, FY2024: 54.2M Revenue, FY2025: 1.8B Gross profit, FY2025: 677.4M Net income, FY2025: 148.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $483.7M $671.0M $718.9M $788.9M $1.42B $1.46B $1.85B $1.66B $1.48B $1.80B
Gross profit $253.1M $356.4M $365.6M $315.7M $541.9M $532.3M $675.5M $592.4M $529.3M $677.4M
Net income $127.5M $137.9M $147.0M $64.9M $134.7M $134.7M $199.7M $128.3M $54.2M $148.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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