Advanced Energy Industries, Inc. · NASDAQ:AEIS
Advanced Energy Industries — Q2 2026 Earnings Presentation
13 slides from Advanced Energy Industries's earnings presentation, Aug 3, 2026
Slide 1: Advanced Energy (AEIS) Q2 2026 Financial Results
Advanced Energy (AEIS) Q2 2026 Financial Results AUGUST 3, 2026
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements: This presentation contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this pr
Slide 3: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights REVENUE NON-GAAP GROSS MARGIN(1) OPERATING CASH FLOW (2) $574 million 41.9% $86 million Up 30% YoY Up 380 bps YoY Record level NON-GAAP EPS NON-GAAP OP MARGIN(1) TOTAL CASH $2.74 21.9% $1.40 billion Up 83% YoY Up 730 bps YoY Net Cash³ of $132 million (1) Detailed explana
Slide 4: Q2 2026 Summary – Record Results
Q2 2026 Summary – Record Results Q2 2026 revenue and non-GAAP EPS(1) above the high end of guidance on solid execution ▪ Record results with revenue of $574 million, up 30% YoY, and non-GAAP EPS(1) of $2.74, up 83% YoY ▪ Non-GAAP (1) operating margin increased 730 bps YoY to 21.9%; record operating
Slide 5: Revenue Detail by Market
Q2 2026 Revenue Detail by Market Down 1% QoQ & Up 35% YoY Up 27% QoQ & 33% YoY ▪ Demand progressively improved in the quarter as customers resolved downstream constraints ▪ Executing well to meet increased demand ($ in millions) ▪ Continue to win new programs at hyperscalers in leading-edge logic an
Slide 6: Revenue by Market
Q2 2026 Revenue by Market ($ in millions) Q2 2026 Q1 2026 Q2 2025 QoQ YoY Semiconductor Equipment $278.3 $219.4 $209.5 26.8% 32.8% Data Center Computing $191.5 $194.2 $141.6 -1.4% 35.2% Industrial & Medical $80.0 $72.0 $68.6 11.1% 16.6% Telecom & Networking $24.3 $25.4 $21.8 -4.3% 11.5% Total Revenu
Slide 7: Income Statement
Q2 2026 Income Statement ($ in millions) Q2 2026 Q1 2026 Q2 2025 QoQ YoY Revenue $574.1 $511.0 $441.5 12.3% 30.0% GAAP gross margin 41.1% 39.3% 37.0% - - GAAP operating expenses $141.0 $132.6 $131.8 6.3% 7.0% GAAP operating margin from continuing ops 16.6% 13.4% 7.2% - - GAAP EPS from continuing ops
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Total Cash increased $697 million QoQ to $1.40 billion ▪ Including net proceeds of the convertible note ($ in millions) Q2 2026 Q1 2026 Q2 2025 offering in May Cash $1,396.5 $699.5 $713.5 ▪ Net cash(1) at $132 million Inventories $538.1 $458.7 $397.9 Inventory Turns down sl
Slide 9: Q3 2026 Guidance
Q3 2026 Guidance Revenue $640 million ± $20 million GAAP EPS from continuing operations $2.38 ± $0.25 Non-GAAP(1) EPS $3.00 ± $0.25 (1) Detailed explanations of non-GAAP financials and reconciliations of GAAP to non-GAAP financials can be found at the end of this presentation 9
Slide 10: Quarterly Non-GAAP Financials
Quarterly Non-GAAP Financials(1) Quarterly Trend (figures in $ millions, except percentage and EPS) All figures from Continuing Operations 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Revenue 425.0 415.5 410.0 405.3 327.5 364.9 374.2
Slide 11: Non-GAAP Measures
Non-GAAP Measures Detailed reconciliations of GAAP to non-GAAP financials can be found on the subsequent slides. These slides include measures, such as non-GAAP net income, non-GAAP operating income, and non-GAAP earnings per share (“EPS”) that are not prepared in accordance with accounting principl
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions, except percentage and $ per share)
Slide 13: Q3 2026 Reconciliation of GAAP to Non-GAAP Guidance
Q3 2026 Reconciliation of GAAP to Non-GAAP Guidance
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