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Advanced Energy's AI power boom comes with a $1 billion zero-coupon twist

AEISResearch reportPosted by Goglides ResearchMay 14, 2026
NASDAQAEISCoverage BootstrapPrecision Power

Thesis summary

AEIS just put up 26% Q1 revenue growth, more than doubled Data Center Computing revenue, crossed a 40% non-GAAP gross-margin milestone, and priced $1.0 billion of 0% convertible notes. The upside is real; so are the customer, working-capital, and dilution questions.

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AEIS just put up 26% Q1 revenue growth, more than doubled Data Center Computing revenue, crossed a 40% non-GAAP gross-margin milestone, and priced $1.0 billion of 0% convertible notes. The upside is real; so are the customer, working-capital, and dilution questions.

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