Compared to Estimates, Advanced Energy (AEIS) Q1 Earnings: A Look at Key Metrics

Core Insights - Advanced Energy Industries (AEIS) reported a revenue of $327.48 million for Q1 2024, reflecting a year-over-year decline of 23% and an EPS of $0.58 compared to $1.24 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate by 8.35%, which was $357.3 million, while the EPS also missed the consensus estimate of $0.71 by 18.31% [1] Revenue Breakdown - Net Sales in Semiconductor Equipment reached $179.90 million, exceeding the average estimate of $166.67 million, but showing a year-over-year decline of 7.4% [2] - Net Sales in Industrial & Medical were reported at $83.42 million, significantly below the estimated $106.48 million, marking a 32.2% decrease year-over-year [2] - Net Sales in Data Center Computing totaled $41.90 million, under the average estimate of $48.33 million, representing a year-over-year decline of 29.8% [2] - Net Sales in Telecom & Networking were $22.25 million, falling short of the estimated $35.83 million, with a substantial year-over-year decrease of 53.8% [2] Stock Performance - Advanced Energy's shares have returned -2.4% over the past month, compared to a -4.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]