Advanced Energy Reports Third Quarter 2026 Results
Advanced Energy delivered record Q3 2026 results, with revenue of $696 million up 50% year-over-year and above the high end of guidance, while non-GAAP EPS of $3.65 more than doubled from $1.74 a year ago. Semiconductor and Data Center Computing revenue hit records, growing 64% and 49% YoY respectively, and gross margin expanded to 41.5% GAAP (42.1% non-GAAP) from 37.6% a year earlier. Q4 guidance calls for $735 million +/- $25 million in revenue and $3.90 +/- $0.30 non-GAAP EPS, implying sequential growth continues.
Key figures
- Eps
- 2.8
- Revenue
- 696400000
- Guidance
- Q4 2026 revenue $735 million +/- $25 million; GAAP EPS $3.30 +/- $0.30; non-GAAP EPS $3.90 +/- $0.30
- Revenue Yoy
- 50%
- Non gaap eps
- 3.65
- Gaap net income
- 115600000
- Operating income
- 143200000
- Gaap gross margin
- 41.5%
- Non gaap net income
- 149800000
- Buyback post quarter
- $30 million at avg $240.77/share in October
- Non gaap gross margin
- 42.1%
- Data center revenue yoy
- 49%
- Non gaap operating income
- 169800000
- Semiconductor revenue yoy
- 64%
- Data center computing revenue
- 256200000
- Operating cash flow continuing
- 66000000
- Semiconductor equipment revenue
- 322200000
AI analysis
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