Advanced Energy Industries, Inc. ( (AEIS) ) has released its Q1 earnings. Here is a breakdown of the information Advanced Energy Industries, Inc. presented to its investors.
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Advanced Energy Industries, Inc. is a global leader in the design and manufacture of precision power conversion, measurement, and control solutions for mission-critical applications across various industries, including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking, and telecommunications. Headquartered in Denver, Colorado, the company has devoted four decades to perfecting power solutions that propel customer growth and innovation.
In its first-quarter 2025 earnings report, Advanced Energy Industries, Inc. reported revenue of $404.6 million, which was towards the high end of its guidance. The company achieved a quarterly record in data center computing revenue, more than doubling year-over-year. GAAP earnings per share (EPS) from continuing operations were $0.65, while non-GAAP EPS reached $1.23, also towards the high end of guidance.
Key financial highlights include a revenue increase from $327.5 million in the first quarter of 2024 to $404.6 million in the first quarter of 2025. The company’s GAAP net income from continuing operations was $24.9 million, a significant rise from $6.0 million in the same quarter the previous year. Non-GAAP net income was $46.9 million, compared to $22.0 million in the first quarter of 2024. Advanced Energy also generated $29.2 million in cash flow from continuing operations and paid $3.8 million in quarterly dividends.
The company continues to execute its gross margin improvement plan and extend its market leadership with new products. It repurchased $0.9 million of common stock during the quarter and an additional $22.7 million from April 1 through April 29, 2025. The board of directors authorized a quarterly cash dividend of $0.10 per share, payable on June 6, 2025.
Looking ahead, Advanced Energy Industries, Inc. has provided guidance for the second quarter of 2025, with expected revenue ranging from $400 million to $440 million. The company anticipates GAAP EPS from continuing operations to be between $0.49 and $0.99, and non-GAAP EPS to range from $1.05 to $1.55. The management remains optimistic about driving revenue growth and achieving meaningful market share gains through the adoption of its industry-leading technologies.