Advanced Energy Industries, Inc. (AEIS) Earnings Call Transcripts

Advanced Energy Industries, Inc.'s Latest Earnings Call - June 3, 2026

In the second quarter of 2026, Advanced Energy Industries, Inc. (AEIS) reported strong performance, exceeding guidance with revenue and profitability. Revenue was notably robust, driven by a significant increase in semiconductor orders, leading to a gross margin surpassing 40%, a milestone the company has aimed for over the past five years. Management raised full-year guidance, anticipating over 20% growth in semiconductor revenue for Q2 and more than 30% in the second half of the year, signaling a positive outlook for both the semiconductor and data center markets.

Reported metrics

Guidance from management

Management raised guidance for 2026, expecting semiconductor revenue growth of over 20% in Q2 and more than 30% in the second half of the year. Gross margins are expected to improve to around 41% by year-end.

What management said

Yes. That's a good question. So these new products are replacing I would say, pretty mature products introduced more than 10 years ago. And so the value that we're providing is much greater than was provided by the old products, which means it's a higher price. It's also a higher margin. And so that's an accelerator for us as these leading-edge processes ramped up higher prices and etch and dep intensity.

Yes. What we said was in '25, we had new product revenue in semiconductor between $10 million and $20 million and that we would at least double that this year. We haven't quantified beyond that. But these ramps tend to ramp pretty steeply. So once the process is qualified, you see a pretty big increase in orders. So we're expecting significant ramp in '27 and in '28 for both conductor etch in '27 and dielectric in '2...

What analysts pressed on

Analysts expressed concerns regarding supply chain constraints that could impact growth. There were questions about the visibility of demand and how quickly the company could ramp production to meet customer needs.

Main topics on the call

• Revenue Growth Acceleration — Advanced Energy experienced a strong quarter with revenue exceeding midpoint guidance, driven by a surge in semiconductor orders. Management noted, "we're expecting greater than 20% this quarter year-over-year and the se...
• Gross Margin Achievement — The company crossed the 40% gross margin threshold, a significant achievement for management. CEO Stephen Kelley stated, "40% was a big milestone" and expects to maintain this level for the remainder of the year.
• Strong Semiconductor Backlog — Management reported a strong backlog for semiconductor products, with expectations for continued growth into 2027 and beyond. Kelley mentioned, "we have a strong backlog now for the remainder of this year into '27 and fr...
• Data Center Demand — Data center demand remains robust, although there are short-term supply chain constraints affecting forecasts. Kelley indicated, "the second quarter forecast is really a short-term phenomenon" and expressed confidence in...

Read the full Advanced Energy Industries, Inc. transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Advanced Energy Industries, Inc. earnings call transcripts on record, spanning February 18, 2020 to June 3, 2026. Based on this history, Advanced Energy Industries, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AEIS

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

43

First call

February 18, 2020

Most recent

June 3, 2026

Reporting cadence

quarterly