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Jun 30, 2021
Advanced Energy Q2 2021 Earnings Report
Announced second quarter 2021 results, demonstrating year-over-year revenue and earnings growth.
Key Takeaways
Advanced Energy reported Q2 2021 revenue of $361.3 million, a 6% increase compared to the previous year. GAAP EPS was $0.92, while non-GAAP EPS was $1.25. The company also increased its share repurchase authorization to $200 million.
Q2 revenue was $361 million, meeting the guidance midpoint and up 6% from last year
GAAP EPS from continuing operations was $0.92
Non-GAAP EPS was $1.25, at midpoint of guidance and above year-ago EPS of $1.18
Share repurchase authorization increased to $200 million
Advanced Energy
Advanced Energy
Advanced Energy Revenue by Segment
Advanced Energy Revenue by Geographic Location
Forward Guidance
The company provided guidance for Q3 2021 with revenues expected to be $340M +/- $15M, GAAP EPS from continuing operations of $0.52 +/- $0.20, and Non-GAAP EPS of $0.80 +/- $0.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income