Advanced Energy Industries, Inc
204.62-0.50 (-0.24%)
Oct 28, 4:00:01 PM EDT · NasdaqGS · AEIS · USD
Key Stats
Market Cap
7.74BP/E (TTM)
90.94Basic EPS (TTM)
2.25Dividend Yield
0%Recent Filings
8-K
Strong Q2 AI-driven results
Advanced Energy Industries reported Q2 2025 revenue of $441.5 million, surpassing guidance highs, fueled by record data center computing sales that nearly doubled year-over-year to $141.6 million amid surging AI demand. GAAP EPS hit $0.67, while non-GAAP EPS reached $1.50; yet industrial and medical segments dipped to $68.6 million. Cash from operations topped $46.5 million. Q3 guidance eyes $440 million revenue, plus or minus $20 million.
10-Q
Q2 FY2025 results
Advanced Energy's revenue surged 21.0% year-over-year to $441.5M in Q2 FY2025 ended June 30, 2025, fueled by data center computing's 94.0% jump while industrial and medical dipped 13.3%; gross margin expanded to 37.0% from 35.0% on cost efficiencies. Operating income climbed to $31.6M from $12.9M, with diluted EPS at $0.67 versus $0.39, reconciling neatly to 37.8M shares. Cash from operations hit $75.7M YTD, yielding $33.7M free cash flow (derived) after $42.0M capex, bolstered by $713.5M cash and $600.0M revolver availability against $566.1M debt. Restructuring charges of $7.0M tied to footprint consolidation dragged net income slightly below operating. Yet demand holds firm. Tariffs pose a supply chain snag.
8-K
New $600M revolving credit facility
Advanced Energy Industries entered a new $600 million senior unsecured revolving credit facility on May 8, 2025, maturing May 8, 2030, replacing its prior agreement due September 9, 2026, with HSBC as administrative agent and similar terms including interest based on SOFR plus 0.75%-1.75% or base rate plus 0.00%-0.75%, and an unused fee of 0.10%-0.25%. The facility supports up to $250 million in expansions, backed by material domestic subsidiary guarantees, while maintaining a leverage covenant capped at 3.00:1.00, with two one-year holidays to 3.50:1.00 post-material acquisition. No borrowings were outstanding under the old facility.
10-Q
Q1 FY2025 results
Advanced Energy's Q1 revenue surged 23.5% year-over-year to $404.6M, fueled by 23.5% growth in semiconductor equipment and a 129.6% jump in data center computing, though industrial and medical dipped 22.9% amid inventory rebalancing. Gross margin expanded to 37.2% from 34.5%, lifting operating income to $30.6M versus $0.9M last year, while diluted EPS from continuing operations hit $0.65 on 38.1 million shares—up from $0.16 on 37.7 million, with no material anti-dilution noted. Free cash flow stood at $15.3M (derived), backed by $723.0M in cash and $600.0M revolver availability against $565.4M in convertible notes due 2028. Restructuring under the 2024 Plan, including Zhongshan closure, incurred $1.2M charges but aims to streamline costs. Non-GAAP metrics are defined and reconciled in the 10-Q. Yet tariffs could crimp supply chains.
8-K
Q1 Revenue Beats Expectations
Advanced Energy Industries reported Q1 2025 revenue of $404.6 million, up 23.5% year-over-year, driven by record data center computing sales that more than doubled to $96.2 million while semiconductor equipment held strong at $222.2 million. GAAP EPS hit $0.65, with non-GAAP at $1.23, reflecting gross margin stability at 37.2% amid execution on new programs. Data center growth surges ahead. Q2 guidance eyes $420 million revenue and $1.30 non-GAAP EPS, yet global economic volatility poses risks.
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