# Who are Advanced Energy Industries's customers? Who does Advanced Energy Industries earn revenue from?
Canonical: https://valuechain.wiki/advanced-energy · Facet: customers · Updated: 2026-07-12T05:39:35.738075+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Advanced Energy Industries's confirmed revenue counterparties include 도쿄일렉트론, 어플라이드 머티어리얼즈, 램리서치 plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 4 revenue edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).

### 도쿄일렉트론 (high)  → /tokyo-electron.md
- note: Tokyo Electron process tools are supplied with Advanced Energy plasma power products.
- [confirms] U.S. SEC / Advanced Energy Industries (EN, filing, published 2026-02-13) https://www.sec.gov/Archives/edgar/data/927003/000110465926014731/aeis-20251231x10k.htm: "During the year ended December 31, 2025, three customers accounted for 23%, 19%, and 12% of our total revenue, respectively."

### 어플라이드 머티어리얼즈 (high)  → /applied-materials.md
- note: Applied Materials etch/deposition systems incorporate Advanced Energy RF and power supplies.
- [confirms] U.S. SEC / Advanced Energy Industries (EN, filing, published 2026-02-13) https://www.sec.gov/Archives/edgar/data/927003/000110465926014731/aeis-20251231x10k.htm: "During the year ended December 31, 2025, three customers accounted for 23%, 19%, and 12% of our total revenue, respectively."

### 램리서치 (high)  → /lam-research.md
- note: Lam Research etch/deposition tools carry Advanced Energy RF and plasma power supplies; one of the major equipment makers among the top-3 customers at 23/19/12% of revenue.
- [confirms] MarketBeat (EN, news, published 2026-06-15) https://www.marketbeat.com/stocks/NASDAQ/AEIS/forecast/: "Semiconductor equipment market recovery is projected to accelerate in H2 2026 into 2027; average analyst target $427, Strong Buy (Wells Fargo Overweight $465)."
- [confirms] U.S. SEC / Advanced Energy Industries (EN, filing, published 2026-02-13) https://www.sec.gov/Archives/edgar/data/927003/000110465926014731/aeis-20251231x10k.htm: "During the year ended December 31, 2025, three customers accounted for 23%, 19%, and 12% of our total revenue, respectively."

### 데이터센터·하이퍼스케일러 (AI 서버 전원) (mid)
- metric: revenue by market $587M · FY2025 · Data Center Computing revenue $587.3M, +106.7% YoY, 32.6% of total
- note: AI data center server-rack power demand more than doubled Data Center Computing revenue in 2025. Advanced Energy works with hyperscalers such as Microsoft, Amazon, and Alphabet on 800V DC architecture converters, with high concentration among a small set of hyperscale customers.
- [confirms] StockTitan (EN, news, published 2026-06-04) https://www.stocktitan.net/news/AEIS/advanced-energy-introduces-800-v-dc-converters-for-next-generation-24ffaf2dghic.html: "The ADH series converts 800V DC to 50V DC at 98.2% peak efficiency, delivering up to 8kW in a half-brick package for the shift to megawatt-scale rack power."
- [confirms] Investing.com (KO, news, published 2026-05-05) https://kr.investing.com/news/company-news/article-93CH-1926223: "Data Center Computing revenue hit a record $194M, up 102% YoY, and the company guides mid-30% data center growth for 2026."
- [confirms] U.S. SEC / Advanced Energy Industries (EN, filing, published 2026-02-13) https://www.sec.gov/Archives/edgar/data/927003/000110465926014731/aeis-20251231x10k.htm: "Data Center Computing revenue $587.3M (+106.7%). The increase in total revenue was primarily attributable to more than doubling of revenue from the Data Center Computing market."

Reverse side: https://valuechain.wiki/advanced-energy/suppliers.md · Ripple: https://valuechain.wiki/advanced-energy/ripple.md

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Full node: https://valuechain.wiki/advanced-energy.md · JSON: https://valuechain.wiki/advanced-energy.json