Advanced Energy Industries (NASDAQ: AEIS) is a power electronics company that designs, manufactures, sells, and services precision power conversion, measurement, and control products. It makes money by selling highly engineered power conversion equipment to customers in the semiconductor equipment, data center computing, industrial and medical, and telecom and networking markets on a transactional basis, with an aftermarket service component. Incorporated in Colorado in 1981 and reincorporated in Delaware in 1995, Advanced Energy operates as a single segment of power electronics conversion products and serves a global customer base from its executive offices in Denver, Colorado. Its products take raw electrical power from utility or building sources and convert it into controllable, precise power suited to complex equipment requirements. The company's value to customers centers on power conversion efficiency, power density, and process control across those four end markets.

Revenue model

Transactional product sales of precision power conversion hardware, supplemented by aftermarket service revenue, across four end markets: Semiconductor Equipment, Data Center Computing, Industrial and Medical, and Telecom and Networking.

Products and services

Precision power conversion, measurement, and control solutions that transform, refine, and modify electrical power from utility or facility sources into controllable, customizable power for complex equipment. Products span power supplies, RF power systems, and related control products used across semiconductor fabrication, data center, industrial, medical, and telecom applications.

Customers and end markets

Global customers in four end markets: Semiconductor Equipment, Data Center Computing, Industrial and Medical, and Telecom and Networking. Customers use Advanced Energy products to power complex equipment requiring predictable, repeatable, and customizable electrical power.

Value-chain role

Component and subsystem supplier to original equipment manufacturers and end-use operators in semiconductor, data center, industrial, medical, and telecom industries. Sits between raw electrical infrastructure and the end equipment requiring precision power.

Geographic exposure

Global operations with executive offices at 1595 Wynkoop Street, Suite 800, Denver, Colorado 80202. Specific revenue breakdown by geography is not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-13

Industry: Electronic Components, NEC Peers: Badger Meter Inc Cognex Corp Mirion Technologies Inc Novanta Inc Coherent Corp Itron Inc Keysight Technologies Inc NATIONAL INSTRUMENTS CORP Vontier Corp Trimble Inc