Advanced Energy reported strong Q3 2022 results, with revenue and non-GAAP EPS exceeding the high end of guidance. Revenue in each end market grew greater than 40% year-over-year.
Total revenue was $516 million, above high end of guidance range
Revenue in each of our end markets grew greater than 40% year-over-year
GAAP EPS from continuing operations was $1.99
Non-GAAP EPS was $2.12, above the high end of guidance range
Based on the Company’s current view, beliefs, and assumptions, guidance for the fourth quarter of 2022 is within the following ranges: Revenues $470 million +/- $20 million, GAAP EPS from continuing operations $1.18 +/- $0.25, Non-GAAP EPS $1.55 +/- $0.25
Visualization of income flow from segment revenue to net income