Advanced Energy Industries (AEIS) Research & Development (2009 - 2026)
Advanced Energy Industries (AEIS) recorded Research & Development of $67.1 million in Q3 2026, up 13.5% from $59.1 million a year earlier and up 3.2% from the prior quarter.
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Analysis
Advanced Energy Industries (AEIS) Research & Development (2009 - 2026) Analysis & Trends
On a TTM basis, Advanced Energy Industries' Research & Development came in at $254.6 million as of Sep 30, 2026, up 11.5% year-over-year; for FY2025, it came in at $232.4 million, up 9.7% from FY2024.
- Annual Research & Development has increased for 12 straight years, with a five-year compound annual growth rate of 10.1% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $211.8 million in FY2024 (+4.6%), $202.4 million in FY2023 (+6.0%), $191.02 million in FY2022 (+18.0%) and $161.83 million in FY2021 (+12.4%).
- The Q3 2026 figure is the highest quarterly Research & Development in data going back to Q2 2010.
- On a year-over-year basis, Research & Development has increased for ten consecutive quarters, with growth averaging 11.5% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 22.6% in Q3 2022, against a decline of 3.5% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $65 million (Q2 2026), $62.4 million (Q1 2026) and $60.1 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 596.00 Mn |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | - |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 238.00 Mn |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | - |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 304.00 Mn |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | - |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | - |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | - |
| 10 | Advanced Energy Industries | 8.87 Bn | 4.56 Bn | 289.10 Mn | 67.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 67.10 Mn |
| Jun 30, 2026 | 65.00 Mn |
| Mar 31, 2026 | 62.40 Mn |
| Dec 31, 2025 | 60.10 Mn |
| Sep 30, 2025 | 59.10 Mn |
| Jun 30, 2025 | 59.00 Mn |
| Mar 31, 2025 | 54.20 Mn |
| Dec 31, 2024 | 56.10 Mn |
| Sep 30, 2024 | 53.60 Mn |
| Jun 30, 2024 | 52.30 Mn |
| Mar 31, 2024 | 49.80 Mn |
| Dec 31, 2023 | 48.99 Mn |
| Sep 30, 2023 | 50.39 Mn |
| Jun 30, 2023 | 51.41 Mn |
| Mar 31, 2023 | 51.61 Mn |
| Dec 31, 2022 | 49.64 Mn |
| Sep 30, 2022 | 49.76 Mn |
| Jun 30, 2022 | 48.01 Mn |
| Mar 31, 2022 | 43.61 Mn |
| Dec 31, 2021 | 40.97 Mn |
API Access
Advanced Energy Industries Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=AEIS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "AEIS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=AEIS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();