Advanced Energy reports record Q3 results and raises 2026 outlook
Advanced Energy Industries reported record third-quarter 2026 results on November 2, with revenue of $696.4 million, up 50.3% year over year, and non-GAAP EPS of $3.65. Semiconductor Equipment revenue reached $322.2 million and Data Center Computing revenue reached $256.2 million, while non-GAAP operating margin expanded to 24.4%. The company raised its 2026 revenue-growth outlook to approximately 40% and forecast fourth-quarter revenue of $735 million, plus or minus $25 million, with non-GAAP EPS of $3.90, plus or minus 30 cents.
Why it matters
The higher 2026 outlook and fourth-quarter guidance increase the company’s stated near-term growth expectations. Advanced Energy said continued semiconductor and AI infrastructure demand, new products and capacity expansion should support further growth, subject to adequate supplies of key components.
Key facts
- 1Third-quarter revenue was $696.4 million, an increase of 50.3% year over year. zacks.com
- 2Third-quarter non-GAAP earnings were $3.65 per share, up 109.8% year over year. zacks.com
- 3Semiconductor Equipment revenue was $322.2 million and Data Center Computing revenue was $256.2 million. zacks.com
- 4Fourth-quarter revenue guidance is $735 million, plus or minus $25 million, and non-GAAP EPS guidance is $3.90, plus or minus 30 cents. zacks.com
- 5The company raised its 2026 revenue-growth outlook to approximately 40% from the previously projected low-to-mid-30% range. zacks.com
- 6Non-GAAP operating margin increased to 24.4% from 16.8% in the year-ago period. zacks.com
Open questions
- Materials differ on third-quarter GAAP EPS, with one reporting $2.80 and another reporting $2.79.
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.