Advanced Energy Industries, Inc. (AEIS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings, and welcome to the Advanced Energy First Quarter twenty twenty six Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce Edwin Ma, Senior Vice President of Strategic Marketing and Investor Relations. Please go ahead. Thank you, operator. Good afternoon, everyone. Welcome to Advanced Energy's first quarter twenty twenty six earnings conference call. With me today are Steve Kelly, our President and CEO and Paul Oldham, our Executive Vice President and CFO. You can find today's press release and presentation on our website at ir.advancedenergy.com. Before we begin, let me remind you that today's call contains forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially and are not guarantees of future performance. Information concerning these risks can be found in our SEC filings. All forward looking statements are based on management's estimates as of today, 05/04/2026, and the company assumes no obligation to update them. Any targets beyond the current quarter presented today should not be interpreted as guidance. On today's call, our financial results are presented on a non GAAP financial basis unless otherwise specified. Detailed reconciliation between our GAAP and non GAAP results can be found in today's press release. With that, let me pass the call to our President and CEO, Steve Kelly. Thanks, Edwin. Good afternoon, everyone, and thanks for joining the call. First quarter revenue came in above the midpoint of guidance, driven by record data center revenue. Total revenue increased 26% year on year and gross margin exceeded...