HIGHOutside partyCustomer
top-3 customers
“10-K Item 1: 'three customers accounted for 23%, 19%, and 12% of our total revenue, respectively'”
AEIS · Concentration risk · 10-K extracted
Advanced Energy Industries (AEIS) concentration risks
Updated
The most significant concentration Advanced Energy Industries discloses is top-3 customers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Advanced Energy Industries’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
sole-source key parts
“10-K Item 1: 'some key parts may only be obtained from a sole supplier or a limited group of suppliers'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24Advanced Energy Industries carries two high-share concentration exposures — one on the customer side and one on the supply side — that together reflect a business model where both revenue and production are tightly levered to a small set of relationships. On the demand side, three customers accounted for 23%, 19%, and 12% of total revenue, respectively — a combined top-three share that represents the large majority of sales. By disclosed size this is a high customer concentration, and its character is dependency: results are tightly coupled to order patterns, capital spending cycles, and program decisions at a handful of buyers. A program loss or significant inventory correction at any of the three largest customers could move total revenue materially. On the supply side, some key parts may only be obtained from a sole supplier or a limited group of suppliers — a high-share dependency that introduces idiosyncratic supply-chain risk. Unlike the geographic or commodity supply dependencies common in commodity-intensive businesses, sole-source component dependencies in precision electronics typically reflect specialized technical specifications that cannot be easily dual-sourced on short notice. A production disruption at a sole-source supplier could constrain the company's ability to fulfill customer orders regardless of demand strength. The two exposures are directionally additive in an adverse scenario: demand compression at the top customers would coincide with reduced ability to offset through alternative sales channels, while supply disruptions would impair delivery to those same concentrated buyers. The customer share breakdown and any changes in supplier qualification programs are the variables most worth tracking.
For the engine’s reasoning on AEIS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electrical Equipment & Parts
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AYI | Acuity Inc. | 2 | 0 | 1 | 3 |
| AEIS● | Advanced Energy Industries, Inc | 2 | 0 | 0 | 2 |
| ATKR | Atkore Inc. | 1 | 1 | 1 | 3 |
| BE | Bloom Energy Corporation | 1 | 1 | 0 | 2 |
| ENS | EnerSys | 0 | 1 | 0 | 1 |
| AMPX | Amprius Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.