Advanced Energy Industries, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with NASDAQ:AEIS, on November 2, 2026, reporting third-quarter net revenue of $696.4 million and net income of $115.6 million.
Key Highlights
- Q3 2026 net revenue: $696.4 million, compared with $463.3 million in the third quarter of 2025, according to the filing.
- Q3 2026 net income: $115.6 million, up from $46.2 million in the prior-year quarter, as reported in the unaudited statements.
- Diluted EPS from continuing operations: $2.80 for Q3 2026, versus $1.21 for Q3 2025.
- Nine-month net revenue: $1,781.5 million for the nine months ended September 30, 2026, compared with $1,309.4 million for the same period of 2025.
- Loss on induced conversion of debt: $(31.8) million recorded in the nine months ended September 30, 2026, with no comparable charge in 2025.
- Total assets: $3,649.7 million at September 30, 2026, versus $2,545.8 million at December 31, 2025.
- Cash and cash equivalents: $1,424.6 million at September 30, 2026, compared with $791.2 million at December 31, 2025.
Advanced Energy's Third-Quarter 2026 Financial Results and Balance Sheet Changes
According to the unaudited consolidated statements of operations included in the filing, Advanced Energy Industries reported Q3 2026 net revenue of $696.4 million and gross profit of $289.1 million, compared with net revenue of $463.3 million and gross profit of $174.4 million in the third quarter of 2025. Operating income for Q3 2026 was $143.2 million, against $49.2 million in the prior-year quarter. For the nine months ended September 30, 2026, the company disclosed net revenue of $1,781.5 million and operating income of $306.6 million, versus $1,309.4 million and $111.4 million, respectively, for the nine months ended September 30, 2025.
The filing reported that income from continuing operations for Q3 2026 was $115.8 million, yielding diluted earnings per share from continuing operations of $2.80, compared with $46.4 million and $1.21 per diluted share in Q3 2025. For the nine-month period, the company reported income from continuing operations of $237.6 million and diluted EPS from continuing operations of $5.67. The filing also disclosed a loss on induced conversion of debt of $(31.8) million in the nine months ended September 30, 2026, with no such charge in the comparable 2025 period. Loss from discontinued operations, net of income tax, was $(0.2) million for Q3 2026 and $(1.1) million for the nine months ended September 30, 2026.
The consolidated balance sheet showed total assets of $3,649.7 million at September 30, 2026, up from $2,545.8 million at December 31, 2025. Cash and cash equivalents increased to $1,424.6 million from $791.2 million over the same period. Long-term debt, net, was reported at $1,129.5 million at September 30, 2026, compared with zero at December 31, 2025, while the current portion of long-term debt declined to $136.4 million from $567.5 million. The filing also noted that authorized common shares increased from 70.0 million at December 31, 2025, to 140.0 million at September 30, 2026, with 40.0 million shares issued and outstanding at the later date. As of October 28, 2026, there were 40,481,991 shares of common stock outstanding.
What Was Disclosed
Advanced Energy Industries filed its quarterly report for the period ended September 30, 2026, disclosing revenue of $696.4 million, net income of $115.6 million, a $(31.8) million loss on induced debt conversion for the nine-month period, and significant changes to its balance sheet including new long-term debt of $1,129.5 million.



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