--- title: "Advanced Energy | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 489.4 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275512409.md" datetime: "2026-02-10T21:23:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275512409.md) - [en](https://longbridge.com/en/news/275512409.md) - [zh-HK](https://longbridge.com/zh-HK/news/275512409.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275512409.md) | [English](https://longbridge.com/en/news/275512409.md) # Advanced Energy | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 489.4 M 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. #### Full Year 2025 Financial and Operational Highlights 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 . ##### Key Financial Figures (Full Year 2025 vs. 2024) - **Gross profit:** $677.4 million in 2025, compared to $529.3 million in 2024 . - **Gross margin %:** 37.7% in 2025, an increase from 35.7% in 2024 . - **Operating expenses:** $509.4 million in 2025, up from $492.7 million in 2024 . - Research and development: $232.4 million in 2025, compared to $211.8 million in 2024 . - Selling, general, and administrative: $242.4 million in 2025, compared to $224.6 million in 2024 . - Amortization of intangible assets: $22.1 million in 2025, down from $26.0 million in 2024 . - Restructuring, asset impairments, and other charges: $12.5 million in 2025, significantly lower than $30.3 million in 2024 . - **Operating income:** $168.0 million in 2025, a substantial increase from $36.6 million in 2024 . - **Operating margin %:** 9.3% in 2025, up from 2.5% in 2024 . - **Interest income:** $26.6 million in 2025, down from $42.9 million in 2024 . - **Interest expense:** - $16.7 million in 2025, compared to - $25.1 million in 2024 . - **Income from continuing operations, before income tax:** $168.7 million in 2025, up from $52.4 million in 2024 . - **Income tax provision (benefit):** $19.4 million in 2025, compared to - $3.9 million in 2024 . - **Income from continuing operations:** $149.3 million in 2025, up from $56.3 million in 2024 . - **Loss from discontinued operations, net of income tax:** - $0.9 million in 2025, compared to - $2.1 million in 2024 . - **Net income:** $148.4 million in 2025, up from $54.2 million in 2024 . ##### Cash Flow (Full Year 2025 vs. 2024) - **Net cash from operating activities from continuing operations:** $234.7 million in 2025, up from $133.0 million in 2024 . - **Net cash from operating activities:** $233.3 million in 2025, compared to $130.8 million in 2024 . - **Purchases of property and equipment:** - $107.4 million in 2025, compared to - $56.8 million in 2024 . - **Net cash from investing activities:** - $109.8 million in 2025, compared to - $73.6 million in 2024 . - **Dividend payments:** - $15.6 million in 2025, compared to - $15.4 million in 2024 . - **Purchase and retirement of common stock:** - $30.2 million in 2025, compared to - $1.8 million in 2024 . ##### Balance Sheet Highlights (as of December 31, 2025 vs. 2024) - **Cash and cash equivalents:** $791.2 million in 2025, up from $722.1 million in 2024 . - **Total assets:** $2,545.8 million in 2025, compared to $2,261.9 million in 2024 . - **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 . - **Long-term debt:** $0 million in 2025, down from $564.7 million in 2024 . - **Total stockholders’ equity:** $1,362.8 million in 2025, compared to $1,203.1 million in 2024 . ##### Revenue by Market (Full Year 2025 vs. 2024) - **Semiconductor Equipment:** $839.9 million in 2025, up from $792.5 million in 2024 . - **Data Center Computing:** $587.3 million in 2025, a significant increase from $284.2 million in 2024 . - **Industrial and Medical:** $282.3 million in 2025, down from $316.2 million in 2024 . - **Telecom and Networking:** $89.3 million in 2025, slightly up from $89.1 million in 2024 . #### Fourth Quarter 2025 Financial and Operational Highlights - **Revenue:** $489 million in Q4 2025, compared to $415 million in Q4 2024 and $463 million in Q3 2025 . - **GAAP net income from continuing operations:** $53 million in Q4 2025, compared to $49 million in Q4 2024 and $46 million in Q3 2025 . - **Non-GAAP net income:** $75 million in Q4 2025, compared to $49 million in Q4 2024 and $66 million in Q3 2025 . - **Cash flow from continuing operations (Q4 2025):** $80 million . - **Stock repurchases (Q4 2025):** - $6.7 million . - **Dividends paid (Q4 2025):** - $4.0 million . #### Outlook / Guidance 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 . ### 相關股票 - [Advanced Energy (AEIS.US)](https://longbridge.com/zh-HK/quote/AEIS.US.md) ## 相關資訊與研究 - [Advanced Energy Industries CEO Sells 50,000 Shares](https://longbridge.com/zh-HK/news/278953602.md) - [AE - Advanced Energy Industries Inc. to Report Fourth Quarter 2025 Financial Results](https://longbridge.com/zh-HK/news/273218173.md) - [Why Unusual Machines Stock Soared 15% Higher This Week](https://longbridge.com/zh-HK/news/281663996.md) - [There Is A Huge Physical Disconnect In Energy Markets](https://longbridge.com/zh-HK/news/281522977.md) - [The Business That Put The Planet First: Seventh Generation Cofounder Jeffrey Hollender Shares the Untold Story Behind a Sustainable Business Pioneer](https://longbridge.com/zh-HK/news/281061882.md)