AEIS Chart
About

Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, it provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair and maintenance services. The company offers its products through direct sales force, direct and indirect sales channels, and distributors, as well as provides warranty and non-warranty repair services. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.

Fundamentals
Scroll to Statements
Sector Industrials Industry Electrical Equipment & P Market Cap 12.98B
Enterprise Value 12.56B Income 149.30M Sales 1.80B
Book/sh 36.05 Cash/sh 20.96 Dividend Yield 12.00%
Payout 10.34% Employees 13000 IPO —
P/E 89.06 Forward P/E 32.69 PEG —
P/S 7.21 P/B 9.53 P/C —
EV/EBITDA 49.15 EV/Sales 6.98 Quick Ratio 1.13
Current Ratio 1.59 Debt/Eq 49.82 LT Debt/Eq —
EPS (ttm) 3.86 EPS next Y 10.51 EPS Growth 1.00%
Revenue Growth 17.80% Earnings 2026-04-29 ROA 5.03%
ROE 11.64% ROIC — Gross Margin 38.48%
Oper. Margin 13.34% Profit Margin 8.25% Shs Outstand 37.75M
Shs Float 37.40M Short Float 10.36% Short Ratio 2.83
Short Interest — 52W High 347.28 52W Low 75.01
Beta 1.41 Avg Volume 617.60K Volume 267.10K
Target Price $326.11 Recom Buy Prev Close $335.74
Price $343.75 Change 2.39%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$326.11
Mean price target
2. Current target
$343.76
Latest analyst target
3. DCF / Fair value
$57.20
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$343.76
Low
$300.00
High
$375.00
Mean
$326.11

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-12 main Citigroup Buy → Buy $330
2026-02-11 main Stifel Buy → Buy $325
2026-02-11 main Wells Fargo Equal-Weight → Equal-Weight $300
2026-02-11 main Keybanc Overweight → Overweight $330
2026-02-11 main Susquehanna Positive → Positive $375
2026-02-11 main Needham Buy → Buy $330
2026-02-09 main Stifel Buy → Buy $310
2026-01-22 main B of A Securities Buy → Buy $300
2026-01-16 main Keybanc Overweight → Overweight $280
2026-01-16 main Needham Buy → Buy $290
2026-01-15 main Wells Fargo Equal-Weight → Equal-Weight $225
2026-01-14 main Stifel Buy → Buy $270
2026-01-12 up Susquehanna Neutral → Positive $300
2025-11-12 main Citigroup Buy → Buy $255
2025-11-05 main TD Cowen Hold → Hold $210
2025-11-05 main Wells Fargo Equal-Weight → Equal-Weight $215
2025-11-05 main Benchmark Buy → Buy $225
2025-11-05 main Stifel Buy → Buy $230
2025-11-05 main Keybanc Overweight → Overweight $240
2025-11-05 main Needham Buy → Buy $225
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 964 316597.0 — Sale at price 328.42 - 329.76 per share. VONNE ELIZABETH KARPINSKI General Counsel — 2026-02-23 00:00:00 D
1 15466 4858180.0 — Conversion of Exercise of derivative security at price 314.12 per share. OLDHAM PAUL R Chief Financial Officer — 2026-02-18 00:00:00 D
2 53704 16869500.0 — Conversion of Exercise of derivative security at price 314.12 per share. KELLEY STEPHEN DOUGLAS Chief Executive Officer — 2026-02-18 00:00:00 D
3 13747 4318208.0 — Conversion of Exercise of derivative security at price 314.12 per share. ACEBEDO EDUARDO BERNAL Chief Operating Officer — 2026-02-18 00:00:00 D
4 8591 2698605.0 — Conversion of Exercise of derivative security at price 314.12 per share. VONNE ELIZABETH KARPINSKI General Counsel — 2026-02-18 00:00:00 D
5 8590 2698291.0 — Conversion of Exercise of derivative security at price 314.12 per share. DONAGHEY JOHN Officer — 2026-02-18 00:00:00 D
6 240 74650.0 — Sale at price 311.04 per share. DELSANTO ANNE Director — 2026-02-17 00:00:00 I
7 1000 316625.0 — Sale at price 316.62 per share. MINNIX LANESHA Director — 2026-02-13 00:00:00 D
8 240 59280.0 — Sale at price 247.00 per share. DELSANTO ANNE Director — 2026-01-15 00:00:00 I
9 240 52416.0 — Sale at price 218.40 per share. DELSANTO ANNE Director — 2025-12-15 00:00:00 I
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.44M-6.36M-5.67M-1.12M
TaxRateForCalcs0.110.210.210.17
NormalizedEBITDA256.80M173.20M231.20M316.18M
TotalUnusualItems-12.50M-30.30M-27.00M-6.81M
TotalUnusualItemsExcludingGoodwill-12.50M-30.30M-27.00M-6.81M
NetIncomeFromContinuingOperationNetMinorityInterest149.30M56.30M130.80M201.88M
ReconciledDepreciation62.00M68.50M66.50M60.30M
ReconciledCostOfRevenue1.08B910.20M1.03B1.14B
EBITDA244.30M142.90M204.20M309.36M
EBIT182.30M74.40M137.70M249.07M
NetInterestIncome9.90M17.70M10.60M-3.18M
InterestExpense13.60M22.00M15.20M7.33M
InterestIncome26.60M42.90M27.10M4.15M
NormalizedIncome160.36M80.24M152.13M207.56M
NetIncomeFromContinuingAndDiscontinuedOperation148.40M54.20M128.30M199.66M
TotalExpenses1.62B1.42B1.52B1.61B
TotalOperatingIncomeAsReported168.00M36.60M113.70M233.09M
DilutedAverageShares38.60M37.80M37.80M37.72M
BasicAverageShares37.60M37.50M37.50M37.46M
DilutedEPS3.841.433.405.29
BasicEPS3.951.453.425.33
DilutedNIAvailtoComStockholders148.40M54.20M128.30M199.66M
NetIncomeCommonStockholders148.40M54.20M128.30M199.66M
NetIncome148.40M54.20M128.30M199.66M
MinorityInterests0.000.00-16.00K-44.00K
NetIncomeIncludingNoncontrollingInterests148.40M54.20M128.30M199.68M
NetIncomeDiscontinuousOperations-900.00K-2.10M-2.50M-2.21M
NetIncomeContinuousOperations149.30M56.30M130.80M201.89M
TaxProvision19.40M-3.90M-8.30M39.85M
PretaxIncome168.70M52.40M122.50M241.74M
OtherIncomeExpense-21.70M-32.30M-28.70M5.01M
OtherNonOperatingIncomeExpenses-9.20M-2.00M-1.70M11.82M
SpecialIncomeCharges-12.50M-30.30M-27.00M-6.81M
OtherSpecialCharges4.40M2.20M500.00K
WriteOff1.80M0.001.40M0.00
RestructuringAndMergernAcquisition6.30M28.10M25.10M6.81M
NetNonOperatingInterestIncomeExpense9.90M17.70M10.60M-3.18M
TotalOtherFinanceCost3.10M3.20M1.30M
InterestExpenseNonOperating13.60M22.00M15.20M7.33M
InterestIncomeNonOperating26.60M42.90M27.10M4.15M
OperatingIncome180.50M66.90M140.70M239.91M
OperatingExpense496.90M462.40M451.70M435.60M
DepreciationAmortizationDepletionIncomeStatement22.10M26.00M28.30M26.11M
DepreciationAndAmortizationInIncomeStatement22.10M26.00M28.30M26.11M
Amortization22.10M26.00M28.30M26.11M
AmortizationOfIntangiblesIncomeStatement22.10M26.00M28.30M26.11M
ResearchAndDevelopment232.40M211.80M202.40M191.02M
SellingGeneralAndAdministration242.40M224.60M221.00M218.46M
GrossProfit677.40M529.30M592.40M675.51M
CostOfRevenue1.12B952.70M1.06B1.17B
TotalRevenue1.80B1.48B1.66B1.85B
OperatingRevenue1.80B1.48B1.66B1.85B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber37.75M37.71M37.32M37.43M
ShareIssued37.75M37.71M37.32M37.43M
TotalDebt679.00M671.70M1.02B484.49M
TangibleBookValue944.30M767.70M698.86M595.31M
InvestedCapital1.93B1.77B2.06B1.44B
WorkingCapital582.70M1.07B1.38B795.47M
NetTangibleAssets944.30M767.70M698.86M595.31M
CapitalLeaseObligations111.50M107.00M107.07M111.23M
CommonStockEquity1.36B1.20B1.14B1.07B
TotalCapitalization1.36B1.77B2.04B1.42B
TotalEquityGrossMinorityInterest1.36B1.20B1.14B1.07B
MinorityInterest0.000.000.00645.00K
StockholdersEquity1.36B1.20B1.14B1.07B
OtherEquityInterest-2.60M-900.00K
GainsLossesNotAffectingRetainedEarnings6.20M-11.80M6.11M16.32M
OtherEquityAdjustments6.20M-11.80M6.11M16.32M
RetainedEarnings1.13B1.03B989.73M915.27M
AdditionalPaidInCapital230.60M189.10M148.30M134.64M
CapitalStock0.000.0037.00K37.00K
CommonStock0.000.0037.00K37.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest1.18B1.06B1.41B925.90M
TotalNonCurrentLiabilitiesNetMinorityInterest191.80M744.50M1.08B532.86M
OtherNonCurrentLiabilities38.90M37.50M42.58M41.10M
EmployeeBenefits49.40M49.60M49.13M44.03M
NonCurrentPensionAndOtherPostretirementBenefitPlans49.40M49.60M49.13M44.03M
NonCurrentDeferredLiabilities7.80M3.50M0.0016.12M
NonCurrentDeferredRevenue6.20M
NonCurrentDeferredTaxesLiabilities9.92M
LongTermDebtAndCapitalLeaseObligation95.70M653.90M985.01M447.72M
LongTermCapitalLeaseObligation95.70M89.20M89.33M94.46M
LongTermDebt564.70M895.68M353.26M372.73M
CurrentLiabilities991.20M314.30M335.85M393.04M
OtherCurrentLiabilities12.70M11.50M16.00M26.32M
CurrentDeferredLiabilities26.32M22.14M
CurrentDeferredRevenue26.32M22.14M
CurrentDebtAndCapitalLeaseObligation583.30M17.80M37.74M36.77M
CurrentCapitalLeaseObligation15.80M17.80M17.74M16.77M
CurrentDebt567.50M20.00M20.00M20.00M
OtherCurrentBorrowings567.50M20.00M20.00M20.00M
PayablesAndAccruedExpenses395.20M285.00M282.11M329.95M
CurrentAccruedExpenses171.10M141.50M140.26M159.48M
Payables224.10M143.50M141.85M170.47M
TotalTaxPayable9.23M
IncomeTaxPayable9.23M
AccountsPayable224.10M143.50M141.85M170.47M
TotalAssets2.55B2.26B2.56B1.99B
TotalNonCurrentAssets971.90M872.60M844.86M803.65M
OtherNonCurrentAssets182.50M155.30M136.45M84.06M
NonCurrentPrepaidAssets19.67M
NonCurrentDeferredAssets47.24M
NonCurrentDeferredTaxesAssets47.24M
GoodwillAndOtherIntangibleAssets418.50M435.40M445.32M470.96M
OtherIntangibleAssets117.70M139.40M161.48M189.53M
Goodwill300.80M296.00M283.84M281.43M
NetPPE370.90M281.90M263.10M248.64M
AccumulatedDepreciation-223.80M-201.00M-169.37M-134.82M
GrossPPE594.70M482.90M432.47M383.46M
Leases101.00M93.00M79.76M63.10M
ConstructionInProgress82.50M35.40M21.72M18.23M
OtherProperties98.10M96.30M95.43M100.18M
MachineryFurnitureEquipment71.70M61.60M43.81M36.28M
BuildingsAndImprovements241.40M196.60M191.74M165.67M
Properties0.000.000.000.00
CurrentAssets1.57B1.39B1.71B1.19B
OtherCurrentAssets46.30M41.50M48.77M53.00M
Inventory411.20M360.40M336.14M376.01M
FinishedGoods70.30M84.70M71.84M66.06M
WorkInProcess27.30M20.60M14.60M23.00M
RawMaterials313.60M255.10M249.70M286.95M
Receivables325.20M265.30M282.43M300.68M
OtherReceivables17.07M19.68M
TaxesReceivable10.77M
AccountsReceivable325.20M265.30M282.43M300.68M
AllowanceForDoubtfulAccountsReceivable-600.00K-900.00K-1.76M-1.81M
GrossAccountsReceivable325.80M266.20M284.19M302.50M
CashCashEquivalentsAndShortTermInvestments791.20M722.10M1.04B458.82M
OtherShortTermInvestments2.30M
CashAndCashEquivalents791.20M722.10M1.04B458.82M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow125.90M74.00M147.90M124.70M
RepurchaseOfCapitalStock-30.20M-1.80M-40.00M-26.64M
RepaymentOfDebt-1.90M-355.00M-20.00M-20.00M
IssuanceOfDebt0.000.00575.00M0.00
CapitalExpenditure-107.40M-56.80M-61.00M-58.88M
InterestPaidSupplementalData14.70M17.30M14.40M6.61M
IncomeTaxPaidSupplementalData24.10M33.30M47.90M17.55M
EndCashPosition791.20M722.10M1.04B458.82M
BeginningCashPosition722.10M1.04B458.80M544.37M
EffectOfExchangeRateChanges1.70M-2.60M-4.10M996.00K
ChangesInCash67.40M-319.90M589.90M-86.55M
FinancingCashFlow-56.10M-377.10M445.70M-61.87M
CashFlowFromContinuingFinancingActivities-56.10M-377.10M445.70M-61.87M
NetOtherFinancingCharges-100.00K-128.90M-1.35M
ProceedsFromStockOptionExercised-8.40M-4.80M74.80M-26.00K
CashDividendsPaid-15.60M-15.40M-15.20M-15.20M
CommonStockDividendPaid-15.60M-15.40M-15.20M-15.20M
NetCommonStockIssuance-30.20M-1.80M-40.00M-26.64M
CommonStockPayments-30.20M-1.80M-40.00M-26.64M
NetIssuancePaymentsOfDebt-1.90M-355.00M555.00M-20.00M
NetLongTermDebtIssuance-1.90M-355.00M555.00M-20.00M
LongTermDebtPayments-1.90M-355.00M-20.00M-20.00M
LongTermDebtIssuance0.000.00575.00M0.00
InvestingCashFlow-109.80M-73.60M-64.70M-208.27M
CashFlowFromContinuingInvestingActivities-109.80M-73.60M-64.70M-208.27M
NetOtherInvestingChanges3.05M
NetInvestmentPurchaseAndSale-2.40M-3.00M-3.70M0.00
SaleOfInvestment0.00
PurchaseOfInvestment-2.40M-3.00M-3.70M0.00
NetBusinessPurchaseAndSale0.00-13.80M0.00-149.39M
PurchaseOfBusiness0.00-13.80M0.00-149.39M
NetPPEPurchaseAndSale-107.40M-56.80M-61.00M-58.88M
PurchaseOfPPE-107.40M-56.80M-61.00M-58.88M
OperatingCashFlow233.30M130.80M208.90M183.59M
CashFromDiscontinuedOperatingActivities-1.40M-2.20M-4.00M-144.00K
CashFlowFromContinuingOperatingActivities234.70M133.00M212.90M183.73M
ChangeInWorkingCapital-22.50M-22.20M16.80M-89.15M
ChangeInOtherWorkingCapital2.50M-900.00K600.00K1.80M
ChangeInOtherCurrentLiabilities10.00M-5.30M-25.30M49.30M
ChangeInOtherCurrentAssets-9.50M-2.10M5.00M-19.67M
ChangeInPayablesAndAccruedExpense79.30M-600.00K-26.10M-28.70M
ChangeInPayable79.30M-600.00K-26.10M-28.70M
ChangeInAccountPayable79.30M-600.00K-26.10M-28.70M
ChangeInInventory-47.40M-27.90M39.30M-32.24M
ChangeInReceivables-57.40M14.60M23.30M-59.63M
ChangesInAccountReceivables-57.40M14.60M23.30M-59.63M
OtherNonCashItems4.00M5.00M1.80M-3.42M
StockBasedCompensation55.70M45.90M31.00M19.85M
DeferredTax-13.80M-20.50M-34.00M-5.74M
DeferredIncomeTax-13.80M-20.50M-34.00M-5.74M
DepreciationAmortizationDepletion62.00M68.50M66.50M60.30M
DepreciationAndAmortization62.00M68.50M66.50M60.30M
AmortizationCashFlow26.00M28.25M26.11M22.06M
AmortizationOfIntangibles26.00M28.25M26.11M22.06M
Depreciation42.50M38.28M34.18M30.83M
OperatingGainsLosses439.00K-3.96M1.50M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations149.30M56.30M130.80M201.89M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AEIS
Date User Asset Broker Type Position Size Entry Price Patterns