Advanced Energy Q1 Adjusted EPS $2.09 Tops Views, Guides Q2 Revenue $520M–$560M
Advanced Energy Industries reported Q1 net income of $66.8 million, GAAP EPS of $1.58 and adjusted EPS of $2.09, topping analyst estimates of $1.97 per share on revenue of $511 million versus a $510.9 million forecast. For Q2, the company projects EPS of $1.93–$2.43 and revenue of $520–$560 million.
1. Q1 Financial Results
Advanced Energy delivered Q1 net income of $66.8 million, translating to GAAP EPS of $1.58 and adjusted EPS of $2.09, surpassing the $1.97 consensus. Revenue reached $511 million, narrowly beating the $510.9 million average estimate as semiconductor equipment demand remained robust.
2. Q2 Outlook and Guidance
The company forecast Q2 EPS between $1.93 and $2.43 and revenue of $520 million to $560 million, reflecting expectations of continued strength in power-conversion sales. Management cited ongoing order momentum in advanced electronics markets.
3. Stock Performance Context
Advanced Energy shares have climbed 86% year-to-date, trading near $389.24 and more than tripling over the past 12 months. Investors have rewarded the company’s consistent beats and upbeat guidance amid resilient semiconductor capital spending.