Core Insights - Advanced Energy Industries (AEIS) reported strong third-quarter earnings, significantly exceeding analyst expectations, which led to a surge in its stock price [1][4]. Financial Performance - AEIS earned an adjusted $1.74 per share on sales of $463.3 million in Q3, surpassing analyst expectations of $1.47 per share on sales of $441.6 million [2]. - Year-over-year, AEIS's earnings increased by 78%, while sales rose by 24% [2]. - For the current quarter, AEIS anticipates earnings of $1.75 per share on sales of $470 million, compared to Wall Street's expectation of $1.53 per share on sales of $445.8 million [3]. Market Reaction - Following the earnings report, AEIS stock rose nearly 13% to $220.07, reaching an all-time high of $230.46 during the trading session [4]. - Analysts have raised their price targets for AEIS stock, with KeyBanc Capital Markets increasing its target from $195 to $240, maintaining an overweight rating [5]. Business Highlights - The CEO of AEIS, Steve Kelley, attributed the strong results to increased demand for AI data center solutions and expressed confidence in meeting long-term financial goals [4]. - AEIS specializes in precision power conversion and control equipment for semiconductor manufacturing and data centers [3].