Advanced Energy Q1 revenue beats on data center computing

Advanced Energy Industries

04/05/2026 21:13

Overview

US precision power solutions maker's Q1 revenue rose 26% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Growth driven by strong demand, especially in data center computing

Outlook

Advanced Energy sees Q2 2026 revenue between $520 mln and $560 mln

Company expects Q2 2026 non-GAAP EPS between $1.93 and $2.43

Advanced Energy says demand is strengthening across all markets

Result Drivers

DATA CENTER COMPUTING - Revenue from data center computing more than doubled yr/yr, driving overall growth

STRONGER MARKET DEMAND - Co said demand is strengthening across all of its markets

GROSS MARGIN IMPROVEMENT - Co achieved non-GAAP gross margin above 40%, which it called a key strategic milestone

Company press release: ID:nBw8bmcs9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$511 mln
$505.85 mln (10 Analysts)
Q1 Adjusted EPS
Beat
$2.09
$1.98 (10 Analysts)
Q1 EPS
$1.59
Q1 Adjusted Net Income
Beat
$83 mln
$76.23 mln (10 Analysts)
Q1 Net Income
$66.80 mln
Q1 Gross Margin
39.30%
Q1 Gross Profit
$200.90 mln
Q1 Operating Income
$68.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Advanced Energy Industries Inc is $350.00, about 10% below its May 1 closing price of $389.05

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 33 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)