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Jun 30, 2023
Advanced Energy Q2 2023 Earnings Report
Second quarter results were announced
Key Takeaways
Advanced Energy reported second quarter 2023 results with revenue of $415.5 million and GAAP EPS of $0.73. Non-GAAP EPS was $1.11. The Industrial and Medical market achieved record revenue, growing 22% year-over-year.
Revenue was $416 million, above the mid-point of guidance
Industrial & Medical revenue was a quarterly record and grew 22% from last year
GAAP EPS from continuing operations was $0.73
Non-GAAP EPS was $1.11, above the mid-point of guidance
Revenue by Segment
Forward Guidance
The company provided guidance for Q3 2023 with revenue expected to be $415 million +/- $15 million, GAAP EPS from continuing operations of $0.70 +/- $0.20, and Non-GAAP EPS of $1.13 +/- $0.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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