EarningsQ2 2026 Earnings Report
DE:AVX Q2 2026 EPS Results
Actual EPS€2.44
Consensus EPS€1.97
Beat/MissBeat by +€0.47
One Year Ago EPS€1.34
DE:AVX Q2 2026 Revenue Results
Actual Revenue€512.00M
Expected Revenue€485.53M
Beat/MissBeat by +€26.47M
YoY Revenue Growth+30.03%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
DE:AVX Upcoming Earnings
Advanced Energy's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:AVX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: the company reported record revenue, record operating income and EPS that materially beat guidance, with strong YoY growth across semiconductor and data center, substantial margin expansion, record operating cash flow, an upgraded 2026 revenue outlook (low-to-mid-30% growth) and clear capacity and product roadmaps (Thailand ramp, 800V roadmap). Offsets include a strategic but cash-intensive inventory build that raised working capital and lowered turns, modest sequential softness in a couple of end markets, some one-time benefits (tariff refunds) boosting results slightly, input-cost pressures necessitating pricing actions, and continued concentration on a few hyperscalers that requires disciplined resource allocation. On balance, the positives and the degree of guidance and margin improvement materially outweigh the listed challenges.Company Guidance
Record Revenue and EPS; Guidance Upside
Q2 revenue of $574M, up 30% year-over-year and 12% sequentially, exceeded the high end of guidance; Q2 non-GAAP EPS of $2.74, up ~83% year-over-year. Management raised full-year 2026 revenue growth outlook to the low-to-mid-30% range (up from low-to-mid-20%). Q3 revenue guide ~ $640M +/- $20M and Q3 non-GAAP EPS guide $3.00 +/- $0.25.
Semiconductor Segment Strength and Share Momentum
Semiconductor revenue was a record $278M in Q2, up 27% sequentially and 33% year-over-year. Management expects second-half semiconductor revenue to grow nearly 50% year-over-year and reiterated confidence in ongoing market share gains driven by new plasma and system power products.
Data Center Revenue Acceleration
Data Center Computing revenue of $192M in Q2, up 35% year-over-year (despite a 1% sequential decline), and company now expects full-year Data Center revenue growth of at least 50% driven by hyperscaler ramps and second-wave customer opportunities.
Gross Margin and Profitability Expansion
Q2 gross margin improved by 380 basis points year-over-year to 41.9% (40.7% excluding tariff-refund benefit). Operating income was a record $125M; operating margin rose 730 basis points to 21.9%; adjusted EBITDA was $137M, up 84% year-over-year. Management has line of sight to >43% gross margin and expects Q4 gross margin in the ~42% range.
Strong Cash Flow, Liquidity and Balance Sheet Actions
Operating cash flow reached a record $86M in Q2. Cash and equivalents increased to $1.4B after a $1.15B 0% convertible note issuance and partial redemption of 2028 notes; net cash was $132M. Company announced plan to redeem remaining $136M of 2028 convertible notes in September.
Capacity Investments and Production Ramp Plans
Q2 CapEx of $50M to expand factory capacity; full-year 2026 CapEx increased to $180M–$195M to support growth. Thailand factory expected to start first production revenue in Q4 2026 and when built out will contribute to ~ $5B of revenue-generating capacity across the network.
New Product Traction, R&D and Design Wins
Management highlighted strong adoption of new products (eVerest and eVoS platforms), modular architecture enabling faster time-to-market, and multiple design wins across plasma power, system power, data center (including 800V products), Industrial & Medical, and telecom. Website-initiated design inquiries increased ~40% year-over-year in H1 2026.
Operating Leverage and Controlled OpEx
Q2 operating expenses were $115M, up 11% year-over-year — well below revenue growth rate — supporting record operating income and demonstrating operating leverage. Full-year OpEx expected near $470M while EPS is projected to grow faster than revenue.
DE:AVX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed