AEIS · PEAD ↑ 70

Advanced Energy reported Q2 2026 EPS of $2.28 on 2026-08-03, beating the $1.85 consensus by $0.43 (+23.2%).

Print-day reaction was +2.4% versus the prior close, a measured initial move given the size of the earnings beat. The overnight gap to the T+1 open was a striking +13.8%, indicating strong after-hours conviction that the print-day close had not yet fully priced in the beat. Day 1–3 drift pulled back –5.1% from the T+1 close to the T+3 close, partially absorbing the overnight surge but leaving significant net gains intact. Cumulative abnormal return of +9.0% versus SPY.US puts this firmly in PEAD long territory; per the documented drift pattern, the holding window runs through 2026-10-29.