Revenue: As of FY2025 Q4, the actual value is USD 489.4 M, beating the estimate of USD 473.93 M.EPS: As of FY2025 Q4, the actual value is USD 1.31, beating the estimate of USD 1.275.EBIT: As of FY2025 Q4, the actual value is USD 54.2 M.<h4>Full Year 2025 Financial and Operational Highlights</h4>Advanced Energy Industries, Inc. reported a 21% increase in revenue for 2025, reaching $1.80 billion, up from $1.48 billion in 2024. The company’s Data Center Computing revenue experienced significant growth, increasing by 107% to a record level. GAAP net income from continuing operations for 2025 was $149 million, a substantial rise from $56 million in 2024. Non-GAAP net income reached $245 million in 2025 compared to $140 million in 2024, marking a 73% year-over-year increase .<h5>Key Financial Figures (Full Year 2025 vs. 2024)</h5><ul><li>Gross profit: $677.4 million in 2025, compared to $529.3 million in 2024 .</li><li>Gross margin %: 37.7% in 2025, an increase from 35.7% in 2024 .</li><li>Operating expenses: $509.4 million in 2025, up from $492.7 million in 2024 .<ul><li>Research and development: $232.4 million in 2025, compared to $211.8 million in 2024 .</li><li>Selling, general, and administrative: $242.4 million in 2025, compared to $224.6 million in 2024 .</li><li>Amortization of intangible assets: $22.1 million in 2025, down from $26.0 million in 2024 .</li><li>Restructuring, asset impairments, and other charges: $12.5 million in 2025, significantly lower than $30.3 million in 2024 .</li></ul></li><li>Operating income: $168.0 million in 2025, a substantial increase from $36.6 million in 2024 .</li><li>Operating margin %: 9.3% in 2025, up from 2.5% in 2024 .</li><li>Interest income: $26.6 million in 2025, down from $42.9 million in 2024 .</li><li>Interest expense: - $16.7 million in 2025, compared to - $25.1 million in 2024 .</li><li>Income from continuing operations, before income tax: $168.7 million in 2025, up from $52.4 million in 2024 .</li><li>Income tax provision (benefit): $19.4 million in 2025, compared to - $3.9 million in 2024 .</li><li>Income from continuing operations: $149.3 million in 2025, up from $56.3 million in 2024 .</li><li>Loss from discontinued operations, net of income tax: - $0.9 million in 2025, compared to - $2.1 million in 2024 .</li><li>Net income: $148.4 million in 2025, up from $54.2 million in 2024 .</li></ul><h5>Cash Flow (Full Year 2025 vs. 2024)</h5><ul><li>Net cash from operating activities from continuing operations: $234.7 million in 2025, up from $133.0 million in 2024 .</li><li>Net cash from operating activities: $233.3 million in 2025, compared to $130.8 million in 2024 .</li><li>Purchases of property and equipment: - $107.4 million in 2025, compared to - $56.8 million in 2024 .</li><li>Net cash from investing activities: - $109.8 million in 2025, compared to - $73.6 million in 2024 .</li><li>Dividend payments: - $15.6 million in 2025, compared to - $15.4 million in 2024 .</li><li>Purchase and retirement of common stock: - $30.2 million in 2025, compared to - $1.8 million in 2024 .</li></ul><h5>Balance Sheet Highlights (as of December 31, 2025 vs. 2024)</h5><ul><li>Cash and cash equivalents: $791.2 million in 2025, up from $722.1 million in 2024 .</li><li>Total assets: $2,545.8 million in 2025, compared to $2,261.9 million in 2024 .</li><li>Total current liabilities: $991.2 million in 2025, up from $314.3 million in 2024, primarily due to current debt of $567.5 million in 2025 .</li><li>Long-term debt: $0 million in 2025, down from $564.7 million in 2024 .</li><li>Total stockholders’ equity: $1,362.8 million in 2025, compared to $1,203.1 million in 2024 .</li></ul><h5>Revenue by Market (Full Year 2025 vs. 2024)</h5><ul><li>Semiconductor Equipment: $839.9 million in 2025, up from $792.5 million in 2024 .</li><li>Data Center Computing: $587.3 million in 2025, a significant increase from $284.2 million in 2024 .</li><li>Industrial and Medical: $282.3 million in 2025, down from $316.2 million in 2024 .</li><li>Telecom and Networking: $89.3 million in 2025, slightly up from $89.1 million in 2024 .</li></ul><h4>Fourth Quarter 2025 Financial and Operational Highlights</h4><ul><li>Revenue: $489 million in Q4 2025, compared to $415 million in Q4 2024 and $463 million in Q3 2025 .</li><li>GAAP net income from continuing operations: $53 million in Q4 2025, compared to $49 million in Q4 2024 and $46 million in Q3 2025 .</li><li>Non-GAAP net income: $75 million in Q4 2025, compared to $49 million in Q4 2024 and $66 million in Q3 2025 .</li><li>Cash flow from continuing operations (Q4 2025): $80 million .</li><li>Stock repurchases (Q4 2025): - $6.7 million .</li><li>Dividends paid (Q4 2025): - $4.0 million .</li></ul><h4>Outlook / Guidance</h4>For the first quarter of 2026, 先进能源工业 (Advanced Energy Industries, Inc.) anticipates revenue to be in the range of $500 million +/- $20 million. GAAP EPS from continuing operations is projected to be $1.44 +/- $0.25, while non-GAAP EPS is expected to be $1.94 +/- $0.25. The company believes demand across its markets is strengthening, and customer adoption of next-generation platforms will drive market share gains .

Advanced Energy | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 489.4 M