AEIS on Nasdaq
Advanced Energy
Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4
American multinational technology company
Advanced Energy Industries, Inc. is an American multinational technology company headquartered in Denver, Colorado that develops precision power conversion, measurement and control technologies for the manufacture of semiconductors, flat panel displays, data storage products, telecommunications network equipment, industrial coatings, medical devices, solar cells and architectural glass.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerAEIS on Nasdaq1
- IndustryElectronic Components, NEC1
- HeadquartersFort Collins1
- Websitewww.advanced-energy.com
- Legal formDelaware corporation1
- Incorporated inDE5
- Business addressAttn: Paul Oldham, 1595 Wynkoop St, Suite 800, Denver, Co 802025
- Filer categoryLarge accelerated filer5
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Advanced Energy Industries, Inc. is an American multinational technology company headquartered in Denver, Colorado that develops precision power conversion, measurement and control technologies for the manufacture of semiconductors, flat panel displays, data storage products, telecommunications network equipment, industrial coatings, medical devices, solar cells and architectural glass.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Semiconductor Equipment brought in 42% of the revenue Advanced Energy broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Semiconductor Equipment | $743.8M | $792.5M | $839.9M |
| Data Center Computing | $249.9M | $284.2M | $587.3M |
| Industrial and Medical | $474.4M | $316.2M | $282.3M |
| Service and Other | $171.8M | $166.3M | $183.9M |
| Telecom and Networking | $187.7M | $89.1M | $89.3M |
Regions
Other Countries brought in 36% of the revenue Advanced Energy broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Other Countries | $747.2M | $600.0M | $656.2M |
| United States | $598.4M | $508.7M | $541.4M |
| Mexico | $123.5M | $160.1M | $252.8M |
| Japan | $62.5M | $53.6M | $218.2M |
| Taiwan | $124.2M | $159.6M | $130.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue62¢$1.1B
- Research and development13¢$232.4M
- Selling, general and admin13¢$242.4M
- Other costs1¢$18.1M
- Interest1¢$16.7M
- Income tax1¢$19.4M
- Profit8¢$148.4M
Out of $1.8B in revenue.7
Where each dollar of operating cash went, fiscal 2025
- Capital spending46¢$107.4M
- Dividends paid7¢$15.6M
- Share buybacks13¢$30.2M
- Kept or used elsewhere34¢$80.1M
Out of $233.3M of cash from operations.7
Financial statements
Every line of the income statement in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue, net | $1.8B | $1.5B | $1.7B |
| Cost of revenue | $1.1B | $952.7M | $1.1B |
| Gross profit | $677.4M | $529.3M | $592.4M |
| Research and development | $232.4M | $211.8M | $202.4M |
| Selling, general, and administrative | $242.4M | $224.6M | $221.0M |
| Amortization of intangible assets | $22.1M | $26.0M | $28.3M |
| Restructuring, asset impairments, and other charges | $12.5M | $30.3M | $27.0M |
| Total operating expenses | $509.4M | $492.7M | $478.7M |
| Operating income | $168.0M | $36.6M | $113.7M |
| Interest income | $26.6M | $42.9M | $27.1M |
| Interest expense | -$16.7M | -$25.1M | -$16.6M |
| Other expense, net | -$9.2M | -$2.0M | -$1.7M |
| Income from continuing operations, before income tax | $168.7M | $52.4M | $122.5M |
| Income tax provision (benefit) | $19.4M | -$3.9M | -$8.3M |
| Income from continuing operations | $149.3M | $56.3M | $130.8M |
| Loss from discontinued operations, net of income tax | -$900.0K | -$2.1M | -$2.5M |
| Net income | $148.4M | $54.2M | $128.3M |
| Basic weighted-average common shares outstanding | 37.6M shares | 37.5M shares | 37.5M shares |
| Diluted weighted-average common shares outstanding | 38.6M shares | 37.8M shares | 37.8M shares |
| Basic earnings per share | $4 | $2 | $3 |
| Diluted earnings per share | $4 | $1 | $3 |
| Basic loss per share | -$0 | -$0 | -$0 |
| Diluted loss per share | -$0 | -$0 | -$0 |
| Basic earnings per share | $3.95 | $1.45 | $3.42 |
| Diluted earnings per share | $3.84 | $1.43 | $3.40 |
Every line of the balance sheet in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $791.2M | $722.1M | |
| Accounts receivable, net | $325.2M | $265.3M | |
| Inventories | $411.2M | $360.4M | |
| Other current assets | $46.3M | $41.5M | |
| Total current assets | $1.6B | $1.4B | |
| Property and equipment, net | $272.8M | $185.6M | |
| Operating lease right-of-use assets | $98.1M | $96.3M | |
| Other assets | $182.5M | $155.3M | |
| Intangible assets, net | $117.7M | $139.4M | |
| Goodwill | $300.8M | $296.0M | $283.8M |
| TOTAL ASSETS | $2.5B | $2.3B | |
| Accounts payable | $224.1M | $143.5M | |
| Accrued payroll and employee benefits | $93.0M | $67.9M | |
| Other accrued expenses | $78.1M | $73.6M | |
| Customer deposits and other | $12.7M | $11.5M | |
| Current debt | $567.5M | ||
| Current portion of operating lease liabilities | $15.8M | $17.8M | |
| Total current liabilities | $991.2M | $314.3M | |
| Long-term debt, net | $564.7M | ||
| Operating lease liabilities | $95.7M | $89.2M | |
| Defined employee benefit pension plan | $49.4M | $49.6M | |
| Other long-term liabilities | $38.9M | $37.5M | |
| Total liabilities | $1.2B | $1.1B | |
| Deferred compensation | $7.8M | $3.5M | |
| Common stock associated with deferred compensation plan | -$2.6M | -$900.0K | |
| Additional paid-in capital | $230.6M | $189.1M | |
| Accumulated other comprehensive income (loss) | $6.2M | -$11.8M | |
| Retained earnings | $1.1B | $1.0B | |
| Total stockholders' equity | $1.4B | $1.2B | $1.1B |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $2.5B | $2.3B | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 70.0M shares | 70.0M shares | |
| Common stock, shares issued (in shares) | 37.8M shares | 37.7M shares | |
| Common stock, shares outstanding (in shares) | 37.8M shares | 37.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $148.4M | $54.2M | $128.3M |
| Less: loss from discontinued operations, net of income tax | -$900.0K | -$2.1M | -$2.5M |
| Income from continuing operations, net of income tax | $149.3M | $56.3M | $130.8M |
| Depreciation and amortization | $62.0M | $68.5M | $66.5M |
| Stock-based compensation | $55.7M | $45.9M | $31.0M |
| Amortization and write off of debt issuance costs and debt discount | $3.2M | $3.8M | $1.3M |
| Deferred income taxes | -$13.8M | -$20.5M | -$34.0M |
| Other | $800.0K | $1.2M | $500.0K |
| Accounts receivable, net | -$57.4M | $14.6M | $23.3M |
| Inventories | -$47.4M | -$27.9M | $39.3M |
| Other assets | -$9.5M | -$2.1M | $5.0M |
| Accounts payable | $79.3M | -$600.0K | -$26.1M |
| Operating lease right-of-use assets and operating lease liabilities, net | $2.5M | -$900.0K | $600.0K |
| Other liabilities and accrued expenses | $10.0M | -$5.3M | -$25.3M |
| Net cash from operating activities from continuing operations | $234.7M | $133.0M | $212.9M |
| Net cash from operating activities from discontinued operations | -$1.4M | -$2.2M | -$4.0M |
| Net cash from operating activities | $233.3M | $130.8M | $208.9M |
| Purchases of long-term investments | -$2.4M | -$3.0M | -$3.7M |
| Purchases of property and equipment | -$107.4M | -$56.8M | -$61.0M |
| Acquisitions, net of cash acquired | -$13.8M | ||
| Net cash from investing activities | -$109.8M | -$73.6M | -$64.7M |
| Proceeds from long-term borrowings | $575.0M | ||
| Payment of debt issuance costs | -$100.0K | -$13.9M | |
| Dividend payments | -$15.6M | -$15.4M | -$15.2M |
| Payments on long-term borrowings | -$1.9M | -$355.0M | -$20.0M |
| Payment for purchase of note hedges | -$115.0M | ||
| Payment of acquisition holdback | -$1.5M | $74.9M | |
| Purchase and retirement of common stock | -$30.2M | -$1.8M | -$40.0M |
| Net payments related to stock-based awards | -$6.9M | -$4.8M | -$100.0K |
| Net cash from financing activities | -$56.1M | -$377.1M | $445.7M |
| EFFECT OF CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS | $1.7M | -$2.6M | -$4.1M |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | $69.1M | -$322.5M | $585.8M |
Products and brands
Advanced Energy's Products include high and low voltage power systems, thermal measuring instruments, DC and RF plasma power generators, remote plasma sources, electrostatic products, AC/DC and DC-DC power supplies, and thyristor power controls. The company also offers services globally.
Its largest customers are Advanced Semiconductor Materials, Lam Research, Tokyo Electron, and more.
From Wikipedia’s article on Advanced Energy, shared under CC BY-SA 4.0.6
Acquisitions
1981 Founded in Colorado, U.S.A. on May 5
1987 Japanese office opened
1990 German office opened
1993 UK office opened
Read the full text
1995 Listed on Nasdaq
1996 Korean office opened
1998 RF Power Products acquired
1999 Taiwan office opened
2000 China office opened
2001 Sekidenko acquired
2002 Aera Corporation acquired
2002 Litmas acquired
2002 Dressler (Dressler Hochfrequenztechnik GmbH & Dressler USA, Inc.) acquired
2007 Dressler site closed
2010 PV Powered acquired
2010 Mass flow controller business and gas cabinet business sold to Hitachi Metal (Japan). Temporarily withdrawing from the Japanese office.
2012 Solvix SA acquired
2013 RefuSol (Metzingen, Germany) acquired
2014 Power control modules (silicon-controlled rectifier controllers) section of AEG Power Solutions, Warstein-Belecke, Germany, acquired
2014 HiTek Power (UK) acquired
2014 UltraVolt (US) acquired
2017 Excelsys (IRL) acquired
2017 Japan office re-entry
2018 Israel office opened
2018 TREK Holdings (US) acquired
2018 Monroe Electronics (US) acquired
2018 LumaSense (US) acquired
2019 Divests Solar Inverter business
2019 Customer Solutions Center Karlstein am Main, Germany opened
2019 Artesyn Embedded Power (US) acquired
2022 SL Power acquired
2020 Advanced Energy STEM Diversity Scholarship Program introduced
2021 TEGAM acquisition
2021 Versatile Power acquisition
2024 Airity Technologies acquisition
From Wikipedia’s article on Advanced Energy, shared under CC BY-SA 4.0.6
Timeline
- 1981Founded Founded1
Recent filings
- Oct 7, 20264
- Oct 5, 2026144
- Sep 10, 20264
- Sep 10, 20264
- Sep 8, 2026144
- Sep 8, 2026144
- Aug 27, 2026144
- Aug 27, 20264
- Aug 25, 20264
- Aug 20, 20264
- Aug 19, 20264
- Aug 18, 2026144
- Aug 18, 2026144
- Aug 6, 2026SCHEDULE 13G/A
- Aug 5, 2026144
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.advanced-energy.com1
- WikipediaAdvanced Energy
- WikidataQ4686194
- SEC EDGARCIK 927003
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAdvanced Energy on Wikidata
- 2SEC EDGARAdvanced Energy filings on SEC EDGAR
- 3WikipediaAdvanced Energy on Wikipedia
- 4Wikimedia CommonsAdvanced Energy logo by Unknown author Unknown author, Public domain
- 5SEC EDGARAdvanced Energy filings on SEC EDGAR
- 6
- 7SEC EDGARAdvanced Energy 10-K for fiscal 2025
- 8SEC EDGARAdvanced Energy 10-K for fiscal 2019
- 9SEC EDGARAdvanced Energy 10-K for fiscal 2020
- 10SEC EDGARAdvanced Energy 10-K for fiscal 2021
- 11SEC EDGARAdvanced Energy 10-K for fiscal 2022
- 12SEC EDGARAdvanced Energy 10-Q for fiscal 2026
- 13SEC EDGARAdvanced Energy 10-Q for fiscal 2026
- 14SEC EDGARAdvanced Energy 10-K for fiscal 2019