The financials
AES Corporation by the numbers
AES Corporation (AES) reported revenue of $3.42B in Q2 2026 (quarter ended June 30, 2026), up 20% from the same quarter a year earlier. That came with a gross margin of 20% and net income of $426M (12% of revenue). For the full year FY2025, revenue was $12.2B (−0.4% year on year) and net income $910M. Its largest segment in 2026-Q1 was Energy Infrastructure at $1.26B, 39% of the disclosed total, just ahead of Utilities at 35%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.42B | $2.85B | +20% |
| Gross profit | $692M | $453M | +53% |
| Net income | $426M | −$95M | to a profit |
| Diluted EPS | $0.60 | −$0.15 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Energy Infrastructure | $1.26B | 39% |
| Utilities | $1.14B | 35% |
| Renewables | $820M | 25% |
| Corporate Other And Other | $29M | 0.9% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $3.21B (-12%)
Renewables grew +23% year on yearCorporate Other And Other -19% year on year
Segment Latestquarter on quarteryear on year
- Energy Infrastructure$1.26B$1.26BQoQ -15%year on year -4.8%-15%-4.8%
- Utilities$1.14B$1.14BQoQ +2.8%year on year +13%+2.8%+13%
- Renewables$820.0M$820.0MQoQ +0.37%year on year +23%+0.37%+23%
- Corporate Other And Other$29.0M$29.0MQoQ -9.4%year on year -19%-9.4%-19%
- AES Andes--QoQ -year on year ---
- New Energy Technologies$0.00$0.00QoQ -year on year ---
- Corporate Other And Other Eliminations−$32.0M−$32.0MQoQ -year on year ---