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Sep 30, 2023
Advanced Energy Q3 2023 Earnings Report
Advanced Energy reported Q3 2023 results with revenue within guidance and EPS above guidance midpoint.
Key Takeaways
Advanced Energy reported third quarter results with revenue of $410 million, GAAP EPS of $0.89, and non-GAAP EPS of $1.28. The company generated a record $72.7 million in cash flow from continuing operations.
Revenue was $410 million, within the guidance range
GAAP EPS was $0.89, above the mid-point of guidance
Non-GAAP EPS was $1.28, above the mid-point of guidance
Cash flow from continuing operations was a record $73 million
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 Q4 2023, Advanced Energy expects revenue of $405 million +/- $15 million and non-GAAP EPS of $1.15 +/- $0.20.
Positive Outlook
- Stock-based compensation 0.20
- Amortization of intangible assets 0.19
- Restructuring and other 0.17
Challenges Ahead
- Tax effects of excluded items (0.10)
Revenue & Expenses
Visualization of income flow from segment revenue to net income