TacticScaleWhat Advanced Energy Industries Does & How It Makes Money (AEIS)
Updated October 2026 · reflects Advanced Energy Industries's latest reported financials
Maker of precision power conversion and control systems for high-tech industries. It earns revenue mainly by selling power conversion, plasma power, and sensing/instrumentation hardware to equipment makers and industrial customers through direct sales, indirect channels, and distributors.
How Advanced Energy Industries makes money
It earns revenue mainly by selling power conversion, plasma power, and sensing/instrumentation hardware to equipment makers and industrial customers through direct sales, indirect channels, and distributors. It also earns service revenue from repairs, maintenance, calibration, upgrades, refurbishment, and used-equipment sales.
What Advanced Energy Industries does
Advanced Energy Industries is a Denver-based company, founded in 1981, that specializes in precision power conversion, measurement, and control. Its best-known niche is plasma power: systems that supply tightly controlled energy for semiconductor and thin-film processes such as dry etch and deposition, which puts it inside the chip-equipment supply chain. Beyond semiconductors, it sells high and low voltage power products to industrial production, medical and life science equipment, data center computing, networking, and telecom markets. It also sells sensing, controls, and instrumentation for measuring and calibrating power and temperature. A services business adds calibration, upgrades, refurbishment, used equipment, and repair and maintenance. It serves customers in the US, Asia, Europe, and other regions through direct and indirect channels and distributors.
Products & services
- Plasma power products for etch and deposition
- High and low voltage power supplies
- Power products for data center computing and telecom
- Sensing, controls, and instrumentation for power and temperature
- Calibration, upgrade, and refurbishment services
- Repair and maintenance services
What is Advanced Energy Industries worth?
On an owner-earnings DCF, Advanced Energy Industries's most-likely value is about $85 versus a recent price near $289 (70% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$36) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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