New York, February 12, 2026, 09:32 (EST) — Regular session.
Shares of Advanced Energy Industries Inc (AEIS) climbed roughly 1.1% to $312.32 Thursday morning, building on Wednesday’s sharp rally after earnings. The previous session saw the stock soar 10.7% to close at $308.77.
The power-supply and control gear maker’s stock tends to serve as a proxy for semiconductor tool and data-center spending. Lately, that’s thrust shares into the ongoing argument over just how much longer the 2026 chip cycle can keep its momentum.
Advanced Energy reported in an SEC filing that fourth-quarter revenue landed at $489.4 million, with non-GAAP EPS coming in at $1.94, stripping out certain items. Looking to the first quarter, the company expects revenue near $500 million, with non-GAAP EPS holding steady at $1.94. For 2025, the company put semiconductor-equipment revenue at $839.9 million and data-center computing at $587.3 million. CEO Steve Kelley said stronger semiconductor demand helped the company top guidance in the fourth quarter, adding that “demand across our markets is strengthening.” SEC
Attention turns to more semiconductor-equipment news ahead. Applied Materials will release results later Thursday, while MKS Instruments’ report lands Feb. 17, according to Nasdaq.com.
Wells Fargo wasted little time after the results, bumping its price target for Advanced Energy up to $300 from $225 while sticking with its “equal weight” rating, according to MarketBeat. MarketBeat
The company declared a quarterly cash dividend of $0.10 per share, with payment set for March 6 to shareholders registered as of Feb. 23, it said.
Management has a series of investor events on the calendar, according to a company release: first up, the Citi industrial tech and mobility conference on Feb. 18, followed by Susquehanna’s technology conference Feb. 27, and then Morgan Stanley’s TMT conference set for March 4.
Still, after two straight days of gains, expectations are running high. Any stumble on chip-equipment bookings, or even just a slowdown from data-center customers, might knock guidance sharply and send shares back down.
Eyes are on the $300 mark for the stock as new results hit the sector. The focus: can management hold margins while rolling out fresh platforms into customers’ tool roadmaps?
