Advanced Energy Industries (AEIS) Tops Q2 EPS by 33c; Offers Q3 Guidance

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Go back to Advanced Energy Industries (AEIS) Tops Q2 EPS by 33c; Offers Q3 Guidance

Advanced Energy Announces Second Quarter 2022 Results and Increased Share Repurchase Authorization

August 3, 2022 4:05 PM EDT

Total revenue was a record $441 million, above high end of guidance range Semiconductor revenue was also a record and grew 30% from last year GAAP EPS from continuing operations was $1.19 Non-GAAP EPS was $1.44, above the high end of guidance range Increased share repurchase authorization to $200 million

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 second quarter ended June 30, 2022.

Second quarter... More