---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007826"
form_type: "8-K"
ticker: "AEIS"
cik: "0000927003"
company_name: "ADVANCED ENERGY INDUSTRIES INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:20:09.717298+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Advanced Energy Q1 revenue $425M (+7% YoY); GAAP EPS $0.84, Non-GAAP $1.24; Industrial & Medical record

## Summary
- Revenue $425M, up 7% YoY, above mid-point of guidance; Industrial & Medical revenue a quarterly record (+48% YoY).
- GAAP EPS $0.84; Non-GAAP EPS $1.24, both above mid-point of guidance.
- Q2 2023 guidance: revenue ~$410M +/- $20M, Non-GAAP EPS $1.00 +/- $0.25.
- Cash flow from continuing ops $31.9M; paid $3.8M quarterly dividend.
- GAAP net income of $31.8M; Non-GAAP net income of $47.0M.

## SEC filing metadata
- accession: 0001558370-23-007826
- form_type: 8-K
- ticker: AEIS
- cik: 0000927003
- company_name: ADVANCED ENERGY INDUSTRIES INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927003/000155837023007826/0001558370-23-007826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927003/000155837023007826/aeis-20230503x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007826
- JSON: https://secwatch.observer/filing/0001558370-23-007826.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007826.txt

## Key facts
- Earnings Releases
  ADVANCED ENERGY INDUSTRIES INC reported quarter ended March 31, 2023 results: revenue $425 million, net income GAAP net income from continuing operations was $31.8 million, EPS GAAP EPS from continuing operations was $0.84.
  - Period: quarter ended March 31, 2023
  - Revenue: $425 million
  - Net income: GAAP net income from continuing operations was $31.8 million
  - EPS: GAAP EPS from continuing operations was $0.84
  - Result: reported results
  source text: Advanced Energy Reports First Quarter 2023 Results ​ ● Revenue was $425 million, up 7% year-over-year and above the mid-point of guidance ● Industrial & Medical revenue was a quarterly record and grew 48% from last year ● GAAP EPS from continuing operations was $0.84 ● Non-GAAP EPS was $1.24, above the mid-point of guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/927003/000155837023007826/0001558370-23-007826-index.htm
- Earnings Releases
  ADVANCED ENERGY INDUSTRIES INC reported first quarter ended March 31, 2023 results: revenue $425.0 million, net income GAAP net income from continuing operations was $31.8 million, EPS $0.84 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $425.0 million
  - Net income: GAAP net income from continuing operations was $31.8 million
  - EPS: $0.84 per diluted share
  - Result: reported results
  source text: Sales were $425.0 million in the first quarter of 2023, compared with $490.7 million in the fourth quarter of 2022 and $397.5 million in the first quarter of 2022. GAAP net income from continuing operations was $31.8 million or $0.84 per diluted share in the quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/927003/000155837023007826/0001558370-23-007826-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.