Advanced Energy Industries, Inc. · NASDAQ:AEIS
Advanced Energy Industries — Q3 2025 Earnings Presentation
14 slides from Advanced Energy Industries's earnings presentation, Nov 4, 2025
Slide 1: Advanced Energy (AEIS) Q3 2025 Financial Results
Advanced Energy (AEIS) Q3 2025 Financial Results NOVEMBER 4, 2025
Slide 2: Safe Harbor
Safe Harbor global economic conditions, such as the impact of escalating global conflicts on macroeconomic
Slide 3: Q3 2025 Financial Highlights
Q3 2025 Financial Highlights REVENUE NON-GAAP GROSS MARGIN(1) OPERATING CASH FLOW(2) $463 million 39.1% $79 million NON-GAAP EPS NON-GAAP OP MARGIN(1) TOTAL CASH $1.74 16.8% $759 million (1) Detailed explanations of non-GAAP financials and reconciliations of GAAP to non-GAAP financials can be found
Slide 4: Q3 2025 Summary – Solid Financial Results
Q3 2025 Summary – Solid Financial Results Q3 2025 results above the high end of guidance, driven by upside in Data Center ▪ Revenue of $463 million grew 24% YoY; non-GAAP EPS(1) of $1.74 was up 78% YoY ▪ Non-GAAP gross margin(1) of 39.1% was up 100 basis points QoQ, driven by earlier than expected b
Slide 5: Q3 2025 Revenue Detail by Market
Q3 2025 Revenue Detail by Market Down 6% QoQ & Flattish YoY Up 21% QoQ & Up 113% YoY ▪ Despite near-term market choppiness, ▪ AE’s technology leadership, superior execution, expect 2025 to be our 2nd best year in Semi ($ in millions) and accelerated capital investment enabling us ▪ Strong customer p
Slide 6: Revenue by Market
Q3 2025 Revenue by Market ($ in millions) Q3 2025 Q2 2025 Q3 2024 QoQ YoY Semiconductor Equipment $196.6 $209.5 $197.5 -6.2% -0.5% Industrial & Medical $71.2 $68.6 $76.9 3.8% -7.4% Data Center Computing $171.6 $141.6 $80.6 21.2% 112.9% Telecom & Networking $23.9 $21.8 $19.2 9.6% 24.5% Total Revenue
Slide 7: Income Statement
Q3 2025 Income Statement ($ in millions) Q3 2025 Q2 2025 Q3 2024 QoQ YoY Revenue $463.3 $441.5 $374.2 4.9% 23.8% GAAP gross margin 37.6% 37.0% 35.8% - - GAAP operating expenses $125.2 $131.8 $145.1 -5.0% -13.7% GAAP operating margin from continuing ops 10.6% 7.2% -2.9% - - GAAP EPS from continuing o
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow ($ in millions) Q3 2025 Q2 2025 Q3 2024 Total Cash increased QoQ to $758.6 million ▪ Net cash(1) at $191.8 million Cash $758.6 $713.5 $657.3 Inventory Turns improved QoQ at 2.8x Inventories $399.7 $397.9 $377.7 ▪ Days inventory decreased QoQ from 131 days to Accounts Receiv
Slide 9: Q4 2025 Guidance
Q4 2025 Guidance Revenue $470 million ± $20 million GAAP EPS from continuing operations $1.12 ± $0.25 Non-GAAP(1) EPS $1.75 ± $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: Dilution Table for the 2.50% Convertible Note
Dilution Table for the 2.50% Convertible Note AEIS GAAP Non-GAAP(2) Share Price Net Shares Dilution Net Shares Dilution Price at Issuance $105.74 $120.00 Share Count Initial Conversion Price $137.46 $140.00 0.1 0.2% Basic share count 37.6 Q3 2025 Average Share Price $150.58 0.4 1.0% Diluted share co
Slide 11: Quarterly Non-GAAP Financials
Quarterly Non-GAAP Financials(1) Quarterly Trend (figures in $ millions, except percentage and EPS) All figures from Continuing Operations 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Revenue 516.3 490.7 425.0 415.5 410.0 405.3 327.5 364.9 3
Slide 12: 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 earnings per share (“EPS”), non-GAAP gross margin and other non-GAAP financial measures, that are not prepared in accordance with accountin
Slide 13: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions, except percentage and $ per share)
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions, except percentage and $ per share)
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