AEIS · PEAD ↓ 100

Advanced Energy reported Q3 2026 EPS of $3.20 on 2026-11-02 (after market close), beating the $2.68 consensus by $0.52 (+19.4%).

Print-day reaction was −2.2% versus the prior close, a muted but negative response despite the substantial EPS beat. The overnight gap to the T+1 open reversed that move sharply, adding +7.1% — suggesting the after-hours tape initially rewarded the beat. Over the following two sessions the stock collapsed −22.0%, erasing the gap entirely and then some. Cumulative abnormal return of −13.4% versus SPY.US over the three-day window puts this firmly in PEAD short territory; per the documented drift pattern, the read is held through 2027-01-28.