Advanced Energy(US:AEIS)2024-10-30 23:19Financial Performance - Q3 2024 revenue reached $374 million, a 3% increase Q/Q, driven by Semiconductor and Data Center Computing sectors[4, 10] - Non-GAAP EPS was $0.98, exceeding the guidance of $0.90[4] - Non-GAAP gross margin improved by 100 bps Q/Q to 36.3%[11] - Operating cash flow was $35 million[11] Market Segment Performance - Semiconductor Equipment revenue increased by 5% Q/Q and 7% Y/Y, reaching $197.4 million[7, 13] - Data Center Computing revenue increased by 11% Q/Q and 18% Y/Y, reaching $80.7 million[9, 13] - Industrial & Medical revenue decreased by 3% Q/Q and 33% Y/Y, totaling $77 million[8, 13] - Telecom & Networking revenue decreased significantly by 22% Q/Q and 54% Y/Y, amounting to $19.2 million[8, 13] Future Outlook - The company anticipates single-digit growth in Semiconductor for 2024, an improvement from the previous flat outlook[5] - Double-digit growth is expected in Data Center Computing for 2024, fueled by AI infrastructure investments[5] - Q4 2024 revenue is projected to be $392 million +/- $20 million[31] - Q4 2024 non-GAAP EPS is guided at $1.08 +/- $0.25[31]