Advanced Energy Industries, Inc. (AEIS) AI Stock Analysis

Advanced Energy Industries, Inc. specializes in precision power conversion, measurement, and control solutions. Its portfolio includes plasma power systems, such as direct current (DC), pulsed DC, low frequency alternating current, and high voltage products used in semiconductor fabrication, industrial coating, and materials processing. The company also provides radio frequency (RF) power supplies, matching networks, and instrumentation for reactive gas applications. Additional products include high voltage DC-DC solutions for semiconductor gear, scientific instrumentation, mass spectrometry, and x-ray systems, alongside low voltage board-mounted power and programmable DC power supplies for test and measurement. Founded in 1981, it operates globally via direct sales and independent representatives.

Between FY2020 and FY2025, revenue achieved a 5-year CAGR of 4.9%. After declining 10.3% in FY2023 to $1.66B and 10.5% in FY2024 to $1.48B, annual revenue rebounded 21.4% in FY2025 to reach $1.80B. Operating margin, which dropped to 2.5% in FY2024, recovered to 10.9% in FY2025 as net income grew from $54.2M to $148.4M. For the trailing twelve months ended June 30, 2026, revenue reached $2.04B, net margin stood at 10.8%, and EPS was $5.40. In the latest quarter, revenue rose 30.0% year-over-year, and earnings surged 93.4%.

As of June 30, 2026, Advanced Energy held $1.40B in cash and short-term investments against $1.38B in total debt, yielding a net cash position of $19.5M. The current ratio was 3.79, and debt-to-equity stood at 0.95 on $1.46B of shareholders' equity. In FY2025, operating cash flow totaled $233.3M, and free cash flow reached $125.9M. Capital allocation in FY2025 included $107.4M for capital expenditures, $30.2M directed toward share buybacks, and $15.6M distributed in dividends.

AEIS shares closed at $238.05 on October 16, 2026, putting market capitalization at $9.53B and enterprise value at $11.17B. The stock trades at a trailing P/E of 44.1x and forward P/E of 19.7x, compared to medians of 24.8x and 17.2x, respectively, for US-listed Industrials. Its price-to-sales of 4.7x and EV-to-EBITDA of 34.7x also sit above peer medians of 1.5x and 13.9x. Over the past year, the stock gained 24.0%, outpacing the 16.8% return for the S&P 500 (SPY), while its 5-year return of 173.8% exceeded the benchmark's 83.0%.

Advanced Energy pays a quarterly dividend with an annualized forward rate of $0.40 per share, representing a dividend yield of 0.17%. The payout ratio is 5.0%, and the company has paid dividends for 6 consecutive years. The most recent ex-dividend date was August 24, 2026.

Wall Street coverage consists of 9 Strong Buy, 2 Buy, and 1 Hold ratings. The mean price target is $420.33, implying 76.6% upside from the last close of $238.05. For FY2026, consensus estimates anticipate revenue of $2.42B and EPS of $11.25, representing 75.5% earnings growth. Over the last 4 quarters, the company beat EPS estimates 4 times. The next earnings release is scheduled for November 3, 2026.

This page is an AI-written research summary of Advanced Energy Industries, Inc. (AEIS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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