Advanced Energy reports Q1 EPS $1.23, consensus $1.06

Reports Q1 revenue $404.6M, consensus $392.1M. “First quarter results were at the higher end of our guidance, highlighting growth in our new data center programs and continued strength in semiconductor,” said Steve Kelley, president and CEO of Advanced Energy (AEIS). “We are executing our gross margin improvement plan and extending our market leadership with new products. Customers are adopting our industry-leading technologies in their next-generation platforms, which we believe will drive revenue growth and meaningful share gains.”