Advanced Energy Industries, Inc. (AEIS) Presents at Citi's 2026 Global TMT Conference Transcript

SA Transcripts 162.16K Followers Follow Advanced Energy Industries, Inc. ( AEIS ) Citi's 2026 Global TMT Conference September 10, 2026 8:50 AM EDT Company Participants Paul Oldham - Executive VP & CFO Stephen Kelley - President, CEO & Director Conference Call Participants Yiling Sun - Citigroup Inc., Research Division Presentation Yiling Sun Citigroup Inc., Research Division Everyone. Welcome to the last day of Citi's Global TMT Conference. My name is Elizabeth Sun, and I'm in the Citi Semi and Semi Cap research team. Today, with me is Advanced Energy. Joining me on the stage, we are -- we have Steve Kelley, President and CEO; Paul Oldham, Executive VP and CFO. And in the audience, we have Edwin Mok, Senior VP of IR. And before we begin, I believe Paul has a few comments regarding Reg FD. Paul Oldham Executive VP & CFO Great. Thanks, Elizabeth, and thanks, everyone, for joining us. Just a reminder today, any statements we make are subject to a number of risks. You can find those risks articulated in our recent SEC filings. Also, we reported our Q2 earnings on August 3 of this year. And today, we will not be providing any updates to guidance provided at that time. Question-and-Answer Session Yiling Sun Citigroup Inc., Research Division All right. So Steve, let's start with some questions on your semis business. So after delivering a meaningful semi upside in Q2, you raised your second half guidance for semi to grow almost 50% year-over-year. I think earlier this year, there was a lot of concerns around you being very kind of conservative on guiding the semis growth. So what changed over the past -- over the course of like past 6 months? And what gives you the confidence to revise up the semis growth this year? Stephen Kelley President, CEO & Director Yes. Thanks, Elizabeth. I think what