Quarterly ResultMay 4, 2026, 04:13 PM
Advanced Energy Q1 Revenue $511M; Non-GAAP EPS $2.09
AI Summary
Advanced Energy Industries, Inc. reported strong first-quarter 2026 financial results, with revenue reaching $511 million, a 26% increase year-over-year. The company achieved a non-GAAP diluted EPS of $2.09, surpassing its guidance midpoint, and a GAAP diluted EPS of $1.59. A significant strategic milestone was met with non-GAAP gross margin exceeding 40%, driven by strengthening demand across all markets, particularly Data Center Computing which more than doubled revenue year-over-year. For the second quarter of 2026, Advanced Energy provided guidance projecting revenue between $520 million and $560 million, and non-GAAP diluted EPS between $1.93 and $2.43.
Key Highlights
- Q1 2026 revenue was $511 million, a 26% increase year-over-year.
- Non-GAAP diluted EPS was $2.09, exceeding the midpoint of guidance.
- GAAP diluted EPS from continuing operations was $1.59.
- Non-GAAP gross margin reached 40.1%, a key strategic milestone.
- Data Center Computing revenue more than doubled year-over-year.
- Q2 2026 revenue guidance is $520 million to $560 million.
- Q2 2026 non-GAAP EPS guidance is $1.93 to $2.43.
- Cash flow from continuing operations was an outflow of $6 million.