Advanced Energy (AEIS) slides 8.5% as Q2 outlook underwhelms despite solid Q1 beat

Advanced Energy Industries (AEIS) is down 8.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The stock appears to be selling off on guidance and quality-of-earnings concerns rather than the just-reported quarter. While Advanced Energy posted strong first-quarter results, its second-quarter EPS range bracketed (and at the low end fell below) consensus expectations, and investors may also be reacting to a first-quarter operating cash outflow tied to a sizable inventory build.

Details:

Advanced Energy reported Q1 2026 revenue of $511 million (up 26% year-over-year) and non-GAAP EPS of $2.09, both above the midpoint of its prior guidance.

For Q2 2026, the company guided to revenue of $520 million to $560 million and non-GAAP EPS of $1.93 to $2.43; the EPS range was slightly soft versus consensus at the low end.

Operating cash flow for Q1 was an outflow of $6 million, which the company tied to seasonal payments and a $48 million increase in inventory to support demand.

Even with improving gross margin (non-GAAP gross margin reported at 40.1%), the market may be re-pricing the stock after a strong run if near-term upside looks more limited than investors expected.

Sources:

SEC, The Associated Press, StreetInsider

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AEIS Insider Trading Activity

$AEIS insiders have traded $AEIS stock on the open market 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 have been sales.

Here’s a breakdown of recent trading of $AEIS stock by insiders over the last 6 months:

STEPHEN DOUGLAS KELLEY (President and CEO) has made 0 purchases and 13 sales selling 50,000 shares for an estimated $15,830,828.
JOHN A ROUSH has made 0 purchases and 7 sales selling 10,225 shares for an estimated $3,308,396.
PAUL R OLDHAM (EVP, CFO) has made 0 purchases and 2 sales selling 12,488 shares for an estimated $3,023,402.
ELIZABETH KARPINSKI VONNE (EVP, General Counsel) has made 0 purchases and 3 sales selling 1,930 shares for an estimated $673,437.
TINA DONIKOWSKI sold 2,257 shares for an estimated $474,714
BERNARD RAYMOND JR COLPITTS (SVP, Chief Accounting Officer) sold 2,407 shares for an estimated $473,745
ANNE DELSANTO has made 0 purchases and 6 sales selling 1,440 shares for an estimated $400,756.
BRIAN SHIRLEY sold 1,234 shares for an estimated $382,774
LANESHA MINNIX sold 1,000 shares for an estimated $316,625

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$AEIS Hedge Fund Activity

We have seen 266 institutional investors add shares of $AEIS stock to their portfolio, and 212 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 859,605 shares (-31.5%) from their portfolio in Q4 2025, for an estimated $179,975,498
ALLIANCEBERNSTEIN L.P. added 517,796 shares (+1131.8%) to their portfolio in Q4 2025, for an estimated $108,410,948
FULLER & THALER ASSET MANAGEMENT, INC. added 404,356 shares (+1734.1%) to their portfolio in Q4 2025, for an estimated $84,660,015
BLACKROCK, INC. added 365,741 shares (+6.4%) to their portfolio in Q4 2025, for an estimated $76,575,193
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 279,055 shares (-74.4%) from their portfolio in Q4 2025, for an estimated $58,425,745
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 195,535 shares (-83.0%) from their portfolio in Q4 2025, for an estimated $40,939,162
MACQUARIE GROUP LTD removed 195,177 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $40,864,208

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$AEIS Congressional Stock Trading

Members of Congress have traded $AEIS stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $AEIS stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 2 purchases worth up to $30,000 on 03/03, 01/20 and 1 sale worth up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$AEIS Analyst Ratings

Wall Street analysts have issued reports on $AEIS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/11/2026
Citigroup issued a "Buy" rating on 11/12/2025

To track analyst ratings and price targets for $AEIS, check out Quiver Quantitative's $AEIS forecast page.

$AEIS Price Targets

Multiple analysts have issued price targets for $AEIS recently. We have seen 8 analysts offer price targets for $AEIS in the last 6 months, with a median target of $350.0.

Here are some recent targets:

Joe Quatrochi from Wells Fargo set a target price of $340.0 on 04/07/2026
Robert Mason from Baird set a target price of $360.0 on 03/30/2026
Atif Malik from Citigroup set a target price of $385.0 on 03/20/2026
Steve Barger from Keybanc set a target price of $375.0 on 03/02/2026
Mehdi Hosseini from Susquehanna set a target price of $375.0 on 02/11/2026
Brian Chin from Stifel set a target price of $325.0 on 02/11/2026
James Ricchiuti from Needham set a target price of $330.0 on 02/11/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.