Advanced Energy Q2 revenue $415.5M, GAAP EPS $0.73, Non-GAAP EPS $1.11; Q3 guidance midpoint $415M revenue

ADVANCED ENERGY INDUSTRIES INC

2023-Q2 EPS reported $1.54 revenue$840,548,000

Revenue $415.5M, above mid-point of guidance, down from $440.9M YoY and $425.0M QoQ.
GAAP EPS $0.73, Non-GAAP EPS $1.11; both above mid-point of guidance.
Industrial & Medical revenue record, grew 22% from prior year.
Q3 guidance: revenue $415M +/- $15M, GAAP EPS $0.70 +/- $0.20, Non-GAAP EPS $1.13 +/- $0.20.
Cash flow from operations $23.6M; paid $3.8M in quarterly dividend.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVANCED ENERGY INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $416 million, EPS Non-GAAP EPS was $1.11.

Period: second quarter ended June 30, 2023
Revenue: $416 million
EPS: Non-GAAP EPS was $1.11
Result: reported results

Exact text from the filing

with this Current Report on Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Financial News Release Advanced Energy Reports Second Quarter 2023 Results ● Revenue was $416 million, above the mid-point of guidance ● Industrial & Medical revenue was a quarterly record and grew 22% from last year ● GAAP EPS from continuing operations was $0.73 ● Non-GAAP EPS

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVANCED ENERGY INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $416 million, EPS Non-GAAP EPS was $1.11.

Period: second quarter ended June 30, 2023
Revenue: $416 million
EPS: Non-GAAP EPS was $1.11
Result: reported results

Exact text from the filing

Revenue was $416 million, above the mid-point of guidance

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

ADVANCED ENERGY INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001558370-23-013203

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