OverviewSuggest Edit

Advanced Energy is a provider of precision power conversion, measurement, and control solutions. It designs, manufactures, sells, and supports precision power products that transform, refine, and modify the raw electrical power from the utility and convert it into various types of usable power that is predictable, repeatable, and customizable. Advanced Energy offers power solutions that enable innovation in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition, high and low voltage applications such as process control, data center computing, networking, telecommunication, analytical instrumentation, medical equipment, industrial technology and temperature-critical thermal applications such as material and chemical processing. The company also supplies related instrumentation products for temperature measurement and control, electrostatic instrumentation products for test and measurement applications, and gas sensing and monitoring solutions for multiple industrial markets.
TypePublic
Founded1981
HQDenver, CO, US
Websiteadvancedenergy.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2020)10,000(-8%)
Job Openings97
Revenue (FY, 2020)$1.4 B(+80%)
Share Price (Sept 2021)$84.8
Cybersecurity ratingAMore

Key People/Management at Advanced Energy

Steve Kelley

Steve Kelley

President and Chief Executive Officer, Director
Paul Oldham

Paul Oldham

Executive Vice President and Chief Financial Officer
Tom McGimpsey

Tom McGimpsey

Executive Vice President and Chief Administrative Officer
Rory O'Byrne

Rory O'Byrne

Senior Vice President and Chief People Officer
Kevin Fairbairn

Kevin Fairbairn

SVP Business & Corporate Development
John Williams

John Williams

SVP, Industrial & Medical Products and Global Service
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Advanced Energy Office Locations

Advanced Energy has offices in Denver, Fort Collins, Georgetown, Milpitas and in 15 other locations
Denver, CO, US (HQ)
1595 Wynkoop St #800
Fort Collins, CO, US
1625 Sharp Point Dr
Georgetown, MA, US
124 Jewett St #2
Milpitas, CA, US
888 E Tasman Dr #100
Shanghai, CN
Room 1506, Building 1 No. 2290 Zu Chong Zhi Road Pudong
Shenzhen, CN
3rd Floor, Building 1, Great Wall Technology High Tech Park, Nan Shan District
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Advanced Energy Financials and Metrics

Advanced Energy Revenue

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Advanced Energy's revenue was reported to be $1.42 b in FY, 2020 which is a 79.5% increase from the previous period.
USD

Revenue (Q1, 2021)

351.6m

Gross profit (Q1, 2021)

137.5m

Gross profit margin (Q1, 2021), %

39.1%

Net income (Q1, 2021)

38.7m

EBIT (Q1, 2021)

44.2m

Market capitalization (21-Sept-2021)

3.3b

Closing stock price (21-Sept-2021)

84.8

Cash (31-Mar-2021)

509.9m

EV

3.2b
Advanced Energy's current market capitalization is $3.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

718.9m788.9m1.4b

Revenue growth, %

7%10%79%

Cost of goods sold

353.3m473.3m874.0m

Gross profit

365.6m315.7m541.9m
Quarterly
USDQ1, 2021

Revenue

351.6m

Cost of goods sold

214.1m

Gross profit

137.5m

Gross profit Margin, %

39%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

349.3m346.4m480.4m

Accounts Receivable

100.4m246.6m235.2m

Inventories

98.0m230.0m221.3m

Current Assets

568.4m866.7m980.2m
Quarterly
USDQ1, 2021

Cash

509.9m

Accounts Receivable

236.9m

Inventories

247.6m

Current Assets

1.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

147.1m65.0m134.7m

Depreciation and Amortization

13.6m26.1m47.8m

Inventories

(11.3m)3.7m11.7m

Accounts Payable

(12.6m)(16.1m)(48.2m)
Quarterly
USDQ1, 2021

Net Income

38.7m

Depreciation and Amortization

12.7m

Inventories

(27.5m)

Accounts Payable

40.5m
USDFY, 2018

Revenue/Employee

318.2k

Financial Leverage

1.3 x

P/E Ratio

11.5
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Advanced Energy Operating Metrics

Advanced Energy's Backlog was reported to be $300.6m in Q3, 2019. Advanced Energy's Enterprise Customers was reported to be 370 in FY, 2018.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog

$127.5 m$93.6 m$101.8 m$87.9 m$72.7 m$81.8 m$51.4 m$43.7 m$56.5 m$54.3 m$56.4 m$69.2 m$91.9 m$106.6 m$112.1 m$131.3 m$145.7 m$103.9 m$91.5 m$74.7 m$61.7 m$57.1 m$300.6 m

Enterprise Customers

263316200280370

Patents (US)

103104107121140

Patents Pending

130116807930
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Advanced Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
PV Powered IncMarch 24, 2010
Advanced Energy Industries
Advanced Energy Industries AE - Israel Ltd.
Advanced Energy Industries GmbH
Advanced Energy Industries Limited
Advanced Energy Industries (Shenzhen) Co.
Advanced Energy Industries U.K. Limited
Advanced Energy Japan K.K
Advanced Energy Services Pte. Ltd.
Advanced Energy Singapore
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Advanced Energy Revenue Breakdown

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Advanced Energy revenue breakdown by business segment: 22.2% from Industrial and Medical, 43.2% from Semiconductor Equipment, 11.9% from Telecom and Networking and 22.8% from Data Center Computing

Advanced Energy revenue breakdown by geographic segment: 8.3% from Europe, 48.6% from North America, 42.9% from Asia and 0.2% from Other

Advanced Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Advanced Energy Online and Social Media Presence

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Advanced Energy News and Updates

Europe Advanced Energy Management System Markets, 2016-2020 & 2021-2026 - Increasing Electricity Consumption and Growing Demand for Energy Efficiency in End Use Industries

Dublin, Sept. 20, 2021 (GLOBE NEWSWIRE) -- The "Europe Advanced Energy Management System Market, By Component (Hardware, Software and Service), By End User Vertical (Power and Energy (P&E), Oil & Gas, Telecom & IT and Others), By Solution, By Country, By Company, Forecast & Opportu…

Europe Advanced Energy Management System Market, By Component, By End User Vertical, By Solution, By Country, Competition, Forecast & Opportunities, 2026

This report is 90% complete and will include the latest impact analysis of Covid-19 along with updated quarterly market data for the year 2021 estimated. This report will be delivered within three working days post order confirmation. This report is 90% complete and will include the latest impact an…

Advanced Energy Storage Systems Market worth USD 227.86 billion by 2028, registering a CAGR of 9.11% - Report by Market Research Future (MRFR)

New York, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Advanced energy storage systems Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Advanced energy storage systems Market Research Report, Technology, Storage Type, Application and Region - Forecast till 202…

Global Advanced Energy Storage Market Report 2021: Continuous Innovations Push a Bevy of Exciting Storage Technologies Closer to Commercialization - Forecast to 2027

DUBLIN, Aug. 10, 2021 /PRNewswire/ -- The "Advanced Energy Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Advanced Energy Storage Market to Reach 12.9 Thousand Megawatts by 2027 Amid the COVID-19 crisis, the global market...

Global Advanced Energy Storage Market Research Report 2021

Dublin, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The "Advanced Energy Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Advanced Energy Storage Market to Reach 12.9 Thousand Megawatts by 2027Amid the COVID-19 crisis, the global market f…

Advanced Energy to Announce First Quarter 2021 Results on May 5

Advanced Energy (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, will release its first quarter 2021 financial results before the market opens on Wednesday, May 5, 2021. Management's quarterly conference call will be held later tha…
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Advanced Energy Blogs

Powering Every Stream, Click and Download

Everyday things – from shopping, communications to even dating – have been transformed by the digital revolution since the invention of the Internet more than fifty years ago. Now human beings can access nearly the sum of human knowledge from a device that fits in our pocket. In 2020, the amount of …

Visit Advanced Energy’s Customer Solutions Lab

At Advanced Energy, we partner with you to develop advanced thin-film deposition processes and improve performance. One of the major resources we offer is the Advanced Energy Customer Solutions Lab. It is a hub for plasma or vacuum-based equipment and thin-film deposition research and development, a…

AE’s Modified Volunteerism for 2020

About a year ago, I published an optimistic blog post about our successes volunteering in 2019 and improving our communities through teamwork and group projects. I was confident that we would exceed our 2020 goal for volunteer hours spent with ease. Shortly after that post went live, we were confron…

Making the Switch at Speed

With the goal of enabling faster semiconductor manufacturing plasma processes, Advanced Energy (AE) threw the switch on a radical development program back in 2010 to develop and launch the industry’s fastest RF power tuning network. In 2020, we launched our latest, even faster, solid-state tuning ne…

20 Years of No Strings Attached Performance

“No strings attached performance” in RF plasma power for semiconductor manufacturing? Here at Advanced Energy (AE), we like to say, “no cables attached performance.” This was just one of the five daunting challenges we solved when designing our unique genre-breaking RF plasma power delivery system: …

Precise Power Control and Unmatched Reliability with the New MAXstream RPS

I’m pleased to update you on the release of Advanced Energy’s new line of MAXstreamTM remote plasma source (RPS) systems. MAXstream RPS is a huge leap forward, and leverages AE’s plasma power and RPS product experience, providing customers with more precise power control and improved design flexibil…
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Advanced Energy Frequently Asked Questions

  • When was Advanced Energy founded?

    Advanced Energy was founded in 1981.

  • Who are Advanced Energy key executives?

    Advanced Energy's key executives are Steve Kelley, Paul Oldham and Tom McGimpsey.

  • How many employees does Advanced Energy have?

    Advanced Energy has 10,000 employees.

  • What is Advanced Energy revenue?

    Latest Advanced Energy annual revenue is $1.4 b.

  • What is Advanced Energy revenue per employee?

    Latest Advanced Energy revenue per employee is $141.6 k.

  • Who are Advanced Energy competitors?

    Competitors of Advanced Energy include Monolithic Power Systems, COMET Group and New Power Plasma.

  • Where is Advanced Energy headquarters?

    Advanced Energy headquarters is located at 1595 Wynkoop St #800, Denver.

  • Where are Advanced Energy offices?

    Advanced Energy has offices in Denver, Fort Collins, Georgetown, Milpitas and in 15 other locations.

  • How many offices does Advanced Energy have?

    Advanced Energy has 20 offices.