Advanced Energy Q2 2020 Earnings Report
Key Takeaways
Advanced Energy reported record revenue of $339.9 million for Q2 2020, at the high end of their guidance range. GAAP EPS was $0.76 and Non-GAAP EPS was $1.18, exceeding guidance. The company highlighted operational excellence, market share gains, and benefits from the Artesyn integration as key factors.
Q2 revenue was a record $340 million, at the high end of the guidance range of $285 million to $345 million
Q2 GAAP EPS from continuing operations was $0.76
Q2 Non-GAAP EPS was $1.18, above the guidance range of $0.50 to $1.10
The company generated $38.6 million of operating cash from continuing operations in the quarter.
Advanced Energy
Advanced Energy
Advanced Energy Revenue by Segment
Advanced Energy Revenue by Geographic Location
Forward Guidance
Based on current views, beliefs and assumptions, Advanced Energy provided guidance for Q3 2020. They expect revenues of $350M +/- $25M, GAAP EPS from continuing operations of $0.88 +/- $0.25, and Non-GAAP EPS of $1.15 +/- $0.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income