Corrected: Advanced Energy Q2 revenue beats estimates on semiconductor demand

Advanced Energy Industries

03/08/2026 21:13

Corrects Q2 EPS to $1.28 from $1.29 in Key Details table

Overview
Precision power solutions firm's Q2 revenue rose 30% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company posted record semiconductor revenue and record cash flow from operations

Outlook
Advanced Energy sees Q3 2026 revenue at $640 mln +/- $20 mln
Company expects Q3 2026 non-GAAP EPS of $3.00 +/- $0.25
Company says demand is strengthening across all markets and expects profitable growth into 2027

Result Drivers
SEMICONDUCTOR DEMAND - Record semiconductor equipment revenue grew 33% yr/yr, driving overall results
BROAD MARKET STRENGTH - Co said demand continues to strengthen across all of its markets
NEW PRODUCT MOMENTUM - Management said strong new product momentum contributed to results

Company press release: ID:nBw2mPH65a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$574.10 mln
$542.77 mln (11 Analysts)
Q2 Adjusted EPS
Beat
$2.74
$2.20 (12 Analysts)
Q2 EPS
 
$1.28
 
Q2 Adjusted Net Income
Beat
$112 mln
$85.67 mln (11 Analysts)
Q2 Net Income
 
$54.10 mln
 
Q2 Gross Margin
 
41.10%
 
Q2 Gross Profit
 
$236.10 mln
 
Q2 Operating Income
 
$95.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 $418.00, about 44.4% above its July 31 closing price of $289.52
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 41 three months ago

Reuters Recommended Reads
July 31 - FTC approves IonQ acquisition of SkyWater semiconductor ‍foundry
Aug 3 - CXMT plans second chip plant in Beijing and is in talks on its funding, sources say
Aug 3 - Mariana Minerals raises $310 million to expand U.S. critical minerals projects

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.)