Advanced Energy Q1 2023 Earnings Report
Key Takeaways
Advanced Energy reported Q1 2023 revenue of $425 million, a 7% increase year-over-year. GAAP EPS was $0.84, and Non-GAAP EPS was $1.24, exceeding the midpoint of guidance. The Industrial and Medical sector achieved record revenue, contributing significantly to the overall growth.
Revenue reached $425 million, surpassing the midpoint of guidance and showing a 7% year-over-year increase.
GAAP EPS from continuing operations stood at $0.84.
Non-GAAP EPS was $1.24, exceeding the midpoint of guidance.
The Industrial & Medical sector achieved record quarterly revenue, growing 48% year-over-year.
Advanced Energy
Advanced Energy
Advanced Energy Revenue by Segment
Advanced Energy Revenue by Geographic Location
Forward Guidance
For Q2 2023, Advanced Energy anticipates revenue between $390 million and $430 million, GAAP EPS between $0.37 and $0.87, and Non-GAAP EPS between $0.75 and $1.25.
Positive Outlook
- Revenue is expected to be between $390 million and $430 million.
- Stock-based compensation is projected to be $0.17.
- Amortization of intangible assets is estimated at $0.19.
- Restructuring and other expenses are anticipated to be $0.09.
- Non-GAAP earnings per share are projected to be between $0.75 and $1.25.
Challenges Ahead
- GAAP earnings per share are projected to be between $0.37 and $0.87.
- Tax effects of excluded items are expected to negatively impact by ($0.07).
- Uncertainty in global macroeconomic conditions.
- Potential supply chain disruptions.
- Impact of political and geographical risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income