Advanced Energy reports Q1 EPS $2.09, consensus $1.98

Reports Q1 revenue $511M, consensus $505.8M. “In the first quarter, we achieved a key strategic milestone by delivering non-GAAP gross margin above 40%,” said Steve Kelley, president and CEO of Advanced Energy (AEIS). “Demand is strengthening across all of our markets. With our strategic initiatives gaining traction and strong customer adoption of our industry-leading technologies, we are confident in our ability to deliver long-term revenue and earnings growth.”