---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017116"
form_type: "8-K"
ticker: "AEIS"
cik: "0000927003"
company_name: "ADVANCED ENERGY INDUSTRIES INC"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:25:11.057753+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Advanced Energy Q3 rev $410M, GAAP EPS $0.89; record cash flow $73M; guidance Q4 rev ~$405M

## Summary
- Revenue $410.0M (down 1.3% QoQ, down 21% YoY); GAAP EPS $0.89 (up from $0.73 QoQ, down from $1.99 YoY).
- Non-GAAP EPS $1.28, above guidance mid-point; record operating cash flow from continuing ops of $72.7M.
- Completed $575M private offering of 2.50% convertible notes due 2028; repurchased $40M of common stock.
- Paid $3.8M in quarterly dividends; total cash at quarter-end $985.9M.
- Q4 2023 guidance: revenue $405M ±$15M; GAAP EPS $0.69 ±$0.20; non-GAAP EPS $1.15 ±$0.20.

## SEC filing metadata
- accession: 0001558370-23-017116
- form_type: 8-K
- ticker: AEIS
- cik: 0000927003
- company_name: ADVANCED ENERGY INDUSTRIES INC
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927003/000155837023017116/0001558370-23-017116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927003/000155837023017116/aeis-20231031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017116
- JSON: https://secwatch.observer/filing/0001558370-23-017116.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017116.txt

## Key facts
- Earnings Releases
  ADVANCED ENERGY INDUSTRIES INC reported third quarter ended September 30, 2023 results: revenue Revenue was $410.0 million, net income Non-GAAP net income was $48.5 million, EPS $1.28 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: Revenue was $410.0 million
  - Net income: Non-GAAP net income was $48.5 million
  - EPS: $1.28 per diluted share
  - Result: reported results
  source text: Sales were $410.0 million in the third quarter of 2023, compared with $415.5 million in the second quarter of 2023 and $516.3 million in the third quarter of 2022. GAAP net income from continuing operations was $33.7 million or $0.89 per diluted share in the quarter, compared with $27.5 million or $0.73 per diluted share in the prior quarter, and $74.9 million or $1.99 per diluted share a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/927003/000155837023017116/0001558370-23-017116-index.htm
- Earnings Releases
  ADVANCED ENERGY INDUSTRIES INC reported third quarter ended September 30, 2023 results: revenue Revenue was $410.0 million, net income Non-GAAP net income was $48.5 million, EPS $1.28 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: Revenue was $410.0 million
  - Net income: Non-GAAP net income was $48.5 million
  - EPS: $1.28 per diluted share
  - Result: reported results
  source text: with this Current Report on Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Financial News Release Advanced Energy Reports Third Quarter 2023 Results ​ ● Revenue was $410 million, within the guidance range ● GAAP EPS was $0.89, above the mid-point of guidance ● Non-GAAP EPS was $1.28, above the mid-point of guidance ● Cash flow from continuing operations
  evidence_url: https://www.sec.gov/Archives/edgar/data/927003/000155837023017116/0001558370-23-017116-index.htm

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