Advanced Energy Q2 2022 Earnings Report
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
Advanced Energy Revenue by Geographic Location
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