Advanced Energy Industries

AEIS

Hardware, Equipment & Parts · Technology

Price

$285.83

-6.79 (-2.32%)

Market Cap

$11.45B

Exchange

United States

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Exceptional

Cash Flow

Good

Stability

Strong

Valuation

Good

Dividends

Weak

Track this stock — start free trial

Winston Score History

The full picture

Advanced Energy Industries makes precision power supplies and control systems used in industrial and high-tech manufacturing. Its main products convert electricity into the exact type of power needed to make semiconductors, flat-panel displays, and medical devices. The company sells to chipmakers, equipment manufacturers, and industrial companies around the world.

Advanced Energy earns revenue by selling hardware — power conversion units, thermal management systems, and related components — along with service contracts and spare parts. It operates globally, with significant sales in Asia, Europe, and North America, and generates roughly $1.5 billion in annual revenue. Its competitive edge comes from deep engineering expertise and long-standing relationships with major semiconductor equipment makers like Applied Materials and Lam Research, making it costly for customers to switch suppliers. The key growth driver is rising demand for advanced chips, but the business is sensitive to cyclical downturns in semiconductor capital spending, which can cause revenue to drop sharply when chipmakers cut back on equipment purchases.

Politician Trades

4 trades / 12mo

2 Congressional buys and 2 sells on AEIS in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+30.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+107.5% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$232M/ year

↑ Rising (+10% vs prior year)

12.9% of revenue

In line with sector average (15%)

Investing heavily in future products and technology

Insider Activity

1.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$1.4B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Advanced Energy Industries grew revenue 30% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.6% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 38.4M (2021) → 38.6M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

41.1%

Healthy — 41.1% gross margin

Profit after running costs

Operating Margin

16.6%

Healthy — 16.6% operating margin

Return on the money invested

ROCE

10.3%

Below par — 10.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+24.6%

Fast-growing sales (+24.6% YoY)

Profit growth

EPS YoY

+159.2%

Earnings growing fast (+159.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

109%

Turns 109% of profit into real cash

Spare cash per sale

FCF Margin

4.3%

Thin free cash flow (4.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.87

Moderate — manageable debt (0.87)

Covers its interest

Interest Cover

18.38x

Comfortably covers interest (18.4x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

49.5x

Expensive — P/E 49.5

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+18.4

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (49.5 → 31.0)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

0.14%

Small dividend — 0.14% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+0.0%

Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial