Advanced Energy Industries (AEIS) Tops Q1 EPS by 29c

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Advanced Energy Reports First Quarter 2022 Results

May 4, 2022 4:05 PM EDT

Revenue was $397 million, above high end of guidance range Achieved record revenue in the Semiconductor market GAAP EPS from continuing operations was $0.98 Non-GAAP EPS was $1.24, above the high end of guidance range

DENVER--(BUSINESS WIRE)-- Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced financial results for the first quarter ended March 31, 2022.

We delivered good results in the first quarter, largely due to strong manufacturing execution and... More