Advanced Energy Industries (NASDAQ: AEIS) reported Q2 EPS of $1.22, $0.15 better than the analyst estimate of $1.07. Revenue for the quarter came in at $165.9 million versus the consensus estimate of $155.77 million.

“Building on our continuous innovation, early stage engagement with customers and operational excellence led to outstanding results this quarter,” said Yuval Wasserman, president and CEO. “The complexity of advanced processing technologies is driving increased power content, fueling our record semiconductor growth. Our industrial business continues to grow, aided by new applications and the expansion of our addressable market. With strong cash generation, we are executing on our acquisition strategy and making headway on our aspirational goals.”

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