Advanced Energy Industries Inc

Latest Results (21.11.2025):

Advanced Energy Industries Inc — Third quarter of 2025 results: Revenue of $463.0 million (above the high end of guidance) and strong margin and cash-flow improvement drove GAAP EPS from continuing operations of $1.21 and non‑GAAP EPS of $1.74, both beating the high end of guidance; Data Center Computing showed pronounced strength, and operating cash flow rose sharply to $79 million.

Revenue

For Q3 2025, Advanced Energy Industries Inc reported revenue of $463.0 million, up ~23.8% year‑over‑year (from $374.2M in Q3 2024) and ~4.9% sequentially (from $441.5M in Q2 2025); revenue exceeded the high end of the company’s guidance range.

Profitability (GAAP & Non‑GAAP)

Q3 2025 GAAP net income from continuing operations was $46.4 million, or $1.21 per diluted share. Non‑GAAP net income was $66.4 million, or $1.74 per diluted share. Both GAAP and non‑GAAP EPS were above the high end of the company’s guidance and improved materially versus prior quarter and year-ago periods.

Data Center Computing Strength

Advanced Energy’s Data Center Computing revenue grew 113% year‑over‑year and 21% sequentially in Q3 2025, with management attributing outperformance to increased demand for AI data center solutions and next‑generation products.

Cash Flow & Capital Returns

Operating cash flow from continuing operations in Q3 2025 was $79 million, up 123% year‑over‑year; the company also paid $3.9 million in quarterly dividends, highlighting improved cash generation.

Q4 2025 Guidance

For Q4 2025, Advanced Energy provided guidance of revenue $470 million ± $20 million, GAAP EPS from continuing operations $1.12 ± $0.25, and non‑GAAP EPS $1.75 ± $0.25.

Management Commentary

Management (CEO Steve Kelley) cited strong customer pull for AI data center solutions and continued improvement in gross margin, operating income, earnings, and operating cash flow, and indicated the company is on track to meet or exceed its long‑term targets presented at its 2024 Analyst Day.