Advanced Energy Industries Inc (NASDAQ:AEIS) reported better-than-expected fourth-quarter financial results ad issued first-quarter guidance above estimates on Tuesday.

Advanced Energy reported quarterly earnings of $1.94 per share which beat the analyst consensus estimate of $1.76 per share. The company reported quarterly sales of $489.400 million which beat the analyst consensus estimate of $473.079 million.

Advanced Energy said it sees first-quarter adjusted EPS of $1.69-$2.19, versus market estimates of $1.64. The company expects sales of $480.000 million-$520.000 million, versus projections of $464.868 million.

“Fourth quarter results exceeded our guidance, primarily driven by increased demand in the semiconductor market,” said Steve Kelley, president and CEO of Advanced Energy. “In 2025, we delivered strong revenue growth and meaningfully improved gross and operating margins, reflecting the benefits of our diversification strategy and execution of our operational initiatives. Entering 2026, we believe demand across our markets is strengthening, and customer adoption of our next-generation platforms will drive market share gains.”

Advanced Energy shares gained 5.8% to $294.93 in pre-market trading.

These analysts made changes to their price targets on Advanced Energy following earnings announcement.

• Needham analyst James Ricchiuti maintained Advanced Energy with a Buy and raised the price target from $290 to $330.
• Susquehanna analyst Mehdi Hosseini maintained the stock with a Positive and raised the price target from $300 to $375.
• Keybanc analyst Steve Barger maintained the stock with an Overweight rating and raised the price target from $290 to $330.

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