Advanced Energy Industries, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.48B | $1.66B | $1.85B | $1.46B | $1.42B | $788.9M | $718.9M |
| Thin Films | — | — | — | — | — | — | — | — |
| Solar Energy | — | — | — | — | — | — | — | — |
| Precision Power Products | — | — | — | — | — | — | — | — |
| Inverters | — | — | — | — | — | — | — | — |
| Semiconductor Equipment | $839.9M | $792.6M | $743.8M | $930.8M | $710.2M | $611.9M | $403.0M | $533.8M |
| Industrial and Medical | $282.3M | $316.2M | $474.4M | $426.8M | $341.2M | $313.6M | $246.0M | $185.1M |
| Data Center Computing | $587.3M | $284.2M | $249.9M | $327.5M | $270.9M | $322.5M | $91.4M | — |
| Telecom and Networking | $89.3M | $89.1M | $187.7M | $160.4M | $133.7M | $167.8M | $48.5M | — |
| Cost of Revenue | $1.12B | $952.7M | $1.06B | $1.17B | $923.6M | $874.0M | $473.3M | $353.3M |
| Gross Profit | $677.4M | $529.3M | $592.4M | $675.5M | $532.3M | $541.9M | $315.7M | $365.6M |
| Gross Margin | 37.7% | 35.7% | 35.8% | 36.6% | 36.6% | 38.3% | 40.0% | 50.9% |
| Operating Expenses | ||||||||
| Research & Development | $232.4M | $211.8M | $202.4M | $191.0M | $161.8M | $144.0M | $101.5M | $76.0M |
| SG&A Expense | $242.4M | $224.6M | $221.0M | $218.5M | $192.0M | $188.6M | $142.6M | $108.0M |
| Operating Income | $168.0M | $36.6M | $113.7M | $233.1M | $151.7M | $176.0M | $54.4M | $171.6M |
| Operating Margin | 9.3% | 2.5% | 6.9% | 12.6% | 10.4% | 12.4% | 6.9% | 23.9% |
| Interest Expense | $16.7M | $25.1M | $16.6M | $7.3M | $3.6M | $5.1M | $3.0M | $228.0K |
| Pretax Income | $168.7M | $52.4M | $122.5M | $241.7M | $148.7M | $158.1M | $67.2M | $172.4M |
| Income Tax Expense | $19.4M | $-3.9M | $-8.3M | $39.9M | $14.0M | $23.0M | $10.7M | $25.2M |
| Net Income | $148.4M | $54.2M | $128.3M | $199.7M | $134.7M | $134.7M | $64.9M | $147.0M |
| Net Margin | 8.2% | 3.7% | 7.7% | 10.8% | 9.3% | 9.5% | 8.2% | 20.5% |
| EPS (Basic) | $3.95 | $1.45 | $3.42 | $5.33 | $3.53 | $3.52 | $1.70 | $3.76 |
| EPS (Diluted) | $3.84 | $1.43 | $3.40 | $5.29 | $3.51 | $3.50 | $1.69 | $3.74 |
| Shares Outstanding (Basic) | 37.6M | 37.5M | 37.5M | 37.5M | 38.1M | 38.3M | 38.3M | 39.1M |
| Shares Outstanding (Diluted) | 38.6M | 37.8M | 37.8M | 37.7M | 38.4M | 38.5M | 38.5M | 39.4M |
| Dividends Per Share | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | — | — | — |