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Jun 30, 2022
Advanced Energy Q2 2022 Earnings Report
Advanced Energy's Q2 2022 financial results were announced, surpassing expectations due to improved component availability and operational execution.
Key Takeaways
Advanced Energy reported record revenue of $440.9 million for Q2 2022, exceeding the high end of guidance. GAAP EPS was $1.19, and non-GAAP EPS was $1.44, also above the high end of guidance. The company increased its share repurchase authorization to $200 million.
Total revenue was a record $441 million, above the high end of the guidance range.
Semiconductor revenue was also a record and grew 30% from last year.
GAAP EPS from continuing operations was $1.19.
Non-GAAP EPS was $1.44, above the high end of the guidance range.
Advanced Energy
Advanced Energy
Advanced Energy Revenue by Segment
Revenue by Segment
Semiconductor Equipment Revenue
CapyFin.comIndustrial and Medical Revenue
CapyFin.comData Center Computing Revenue
CapyFin.comTelecom and Networking Revenue
CapyFin.com Forward Guidance
For Q3 2022, Advanced Energy expects revenues to be $435 million +/- $25 million, GAAP EPS from continuing operations to be $0.92 +/- $0.30, and non-GAAP EPS to be $1.30 +/- $0.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income