---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000810"
form_type: "8-K"
ticker: "AEIS"
cik: "0000927003"
company_name: "ADVANCED ENERGY INDUSTRIES INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:52:30.994052+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Advanced Energy Q4 revenue $405M, non-GAAP EPS $1.24; guides Q1 revenue ~$350M

## Summary
- Q4 revenue $405.3M (-17% YoY); GAAP EPS $1.01 (incl. $25.6M tax benefit), non-GAAP EPS $1.24 vs $1.70 YoY.
- FY 2023 revenue $1.66B (-10% YoY); record Industrial & Medical sales $474M (+11%); GAAP EPS $3.46, non-GAAP EPS $4.88.
- Record operating cash flow from continuing ops $213M in 2023; cash and equivalents $1.0B at year-end.
- Q1 2024 guidance: revenue $350M ±$15M, GAAP EPS $0.29 ±$0.20, non-GAAP EPS $0.70 ±$0.20.
- CEO notes sluggish near-term but expects demand strengthening through 2024; next-gen platforms and design wins.

## SEC filing metadata
- accession: 0001558370-24-000810
- form_type: 8-K
- ticker: AEIS
- cik: 0000927003
- company_name: ADVANCED ENERGY INDUSTRIES INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/927003/000155837024000810/0001558370-24-000810-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927003/000155837024000810/aeis-20240206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000810
- JSON: https://secwatch.observer/filing/0001558370-24-000810.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000810.txt

## Key facts
- Earnings Releases
  ADVANCED ENERGY INDUSTRIES INC reported the quarter ended December 31, 2023 results: revenue $405.3 million, net income $37.9 million or $1.01 per diluted share, EPS $1.01 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Revenue: $405.3 million
  - Net income: $37.9 million or $1.01 per diluted share
  - EPS: $1.01 per diluted share
  - Result: reported results
  source text: Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- ​ Exhibit 99.1 Financial News Release Advanced Energy Reports Fourth Quarter and Full Year 2023 Results ​ ● Q4 revenue was $405 million, in line with the mid-point of guidance ● Q4 GAAP EPS from continuing operations was $1.01; Q4 Non-GAAP EPS was $1.24, above the mid-point of guidance ● 2023 revenue was $1.66
  evidence_url: https://www.sec.gov/Archives/edgar/data/927003/000155837024000810/0001558370-24-000810-index.htm
- Earnings Releases
  ADVANCED ENERGY INDUSTRIES INC reported the year ended December 31, 2023 results: revenue $1.66 billion, net income $130.7 million or $3.46 per diluted share, EPS $3.46 per diluted share.
  - Period: the year ended December 31, 2023
  - Revenue: $1.66 billion
  - Net income: $130.7 million or $3.46 per diluted share
  - EPS: $3.46 per diluted share
  - Result: reported results
  source text: million, in line with the mid-point of guidance ● Q4 GAAP EPS from continuing operations was $1.01; Q4 Non-GAAP EPS was $1.24, above the mid-point of guidance ● 2023 revenue was $1.66 billion, with sales in the Industrial and Medical market growing 11% to a record $474 million ● 2023 GAAP EPS from continuing operations was $3.46; 2023 Non-GAAP EPS was $4.88 ● 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/927003/000155837024000810/0001558370-24-000810-index.htm

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