earnings
confidence high
sentiment positive
materiality 0.75
Advanced Energy Q2 record revenue $441M, EPS beat; raises buyback to $200M
ADVANCED ENERGY INDUSTRIES INC
2022-Q2 EPS reported
$2.17
revenue$838,408,000
- Q2 revenue $440.9M (record), above guidance; GAAP EPS $1.19, non-GAAP $1.44 above high end.
- Semiconductor revenue record, up 30% YoY; total revenue up 22% from Q2 2021.
- Board increases share repurchase authorization to $200M from $102.4M remaining.
- Q3 guidance: revenue $435M ±$25M, non-GAAP EPS $1.30 ±$0.30.
- Generated $37.6M cash from ops; repurchased $17.0M stock; paid $3.8M dividend.