An active magnetic bearing system includes a radial actuator and an axial actuator. The radial actuator includes a radial stator coupled to a stationary component, and a radial rotor coupled to a rotatable impeller. The radial rotor extends circumferentially with respect to the radial stator and is configured to rotate about the radial stator. The axial actuator has first and second rotor rings and first and second stators. The first rotor ring is attached to a first axial end of the impeller, and the second rotor ring is attached to a second axial end of the impeller. The first and second stators are coupled to the shaft adjacent the first and second rotor rings, respectively. The radial actuator is positioned axially between the first and second rotor rings.