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Sep 30, 2022
Advanced Energy Q3 2022 Earnings Report
Advanced Energy delivered record quarterly revenue and earnings driven by improved supply and manufacturing output.
Key Takeaways
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
Advanced Energy
Advanced Energy
Advanced Energy Revenue by Segment
Advanced Energy Revenue by Geographic Location
Forward Guidance
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income