Advanced Energy (AEIS) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Advanced Energy Industries (AEIS) reported revenue of $364.95 million for the quarter ended June 2024, a decrease of 12.2% year-over-year, with EPS at$ 0.85 compared to $1.11 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of$ 345.14 million by 5.74%, while the EPS surpassed the consensus estimate of $0.69 by 23.19% [1] Revenue Breakdown - **Net Sales - Semiconductor Equipment**: Reported at$ 188.32 million, exceeding the average estimate of $177.53 million by analysts, representing an 8.7% increase year-over-year [3] - **Net Sales - Industrial & Medical**: Reported at$ 79.10 million, below the average estimate of $86.63 million, reflecting a significant year-over-year decline of 38% [4] - **Net Sales - Data Center Computing**: Reported at$ 72.96 million, surpassing the average estimate of $58.93 million, with a year-over-year increase of 23.5% [5] - **Net Sales - Telecom & Networking**: Reported at$ 24.56 million, exceeding the average estimate of $22.11 million, but showing a substantial year-over-year decline of 55.9% [6] Stock Performance - Shares of Advanced Energy have increased by 4.1% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of 0.1% [6] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [6]