ADVANCED ENERGY INDUSTRIES INC
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
AEIS$219.30+11.3%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In millions, except per share amounts)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | |
| · · Years Ended December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Revenue, net | | $1,798.8 | | $1,482.0 | | $1,655.8 | |||
| Cost of revenue | | 1,121.4 | | 952.7 | | 1,063.4 | |||
| Gross profit | | 677.4 | | 529.3 | | 592.4 | |||
| | | | | | | | | | |
| Operating expenses: | | | | | | | |||
| Research and development | | 232.4 | | 211.8 | | 202.4 | |||
| Selling, general, and administrative | | 242.4 | | 224.6 | | 221.0 | |||
| Amortization of intangible assets | | 22.1 | | 26.0 | | 28.3 | |||
| Restructuring, asset impairments, and other charges | | 12.5 | | 30.3 | | 27.0 | |||
| Total operating expenses | | 509.4 | | 492.7 | | 478.7 | |||
| Operating income | | 168.0 | | 36.6 | | 113.7 | |||
| | | | | | | | | | |
| Interest income | | | 26.6 | | | 42.9 | | | 27.1 |
| Interest expense | | | (16.7) | | | (25.1) | | | (16.6) |
| Other expense, net | | (9.2) | | (2.0) | | (1.7) | |||
| Income from continuing operations, before income tax | | 168.7 | | 52.4 | | 122.5 | |||
| Income tax provision (benefit) | | 19.4 | | (3.9) | | (8.3) | |||
| Income from continuing operations | | 149.3 | | 56.3 | | 130.8 | |||
| Loss from discontinued operations, net of income tax | | (0.9) | | (2.1) | | (2.5) | |||
| Net income | | $148.4 | | $54.2 | | $128.3 | |||
| | | | | | | | | | |
| Basic weighted-average common shares outstanding | | 37.6 | | 37.5 | | 37.5 | |||
| Diluted weighted-average common shares outstanding | | 38.6 | | 37.8 | | 37.8 | |||
| | | | | | | | | | |
| Earnings (loss) per share: | | | | | | | |||
| Continuing operations: | | | | | | | |||
| Basic earnings per share | | $3.97 | | $1.50 | | $3.49 | |||
| Diluted earnings per share | | $3.87 | | $1.49 | | $3.46 | |||
| Discontinued operations: | | | | | | | |||
| Basic loss per share | | $(0.02) | | $(0.06) | | $(0.07) | |||
| Diluted loss per share | | $(0.02) | | $(0.06) | | $(0.07) | |||
| Net income: | | | | | | | |||
| Basic earnings per share | | $3.95 | | $1.45 | | $3.42 | |||
| Diluted earnings per share | | $3.84 | | $1.43 | | $3.40 | |||
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