Advanced Energy reports Q2 EPS $1.50, consensus $1.31

Reports Q2 revenue $441.5M, consensus $421.3M. “Second quarter results were at the higher end of our guidance driven by strong customer demand for our AI data center solutions,” said Steve Kelley, president and CEO of Advanced Energy (AEIS). “We also saw early signs of an industrial and medical market recovery. Qualification of our next-generation semiconductor products continues at a brisk pace, and we are executing actions to meet our gross margin expansion goals. We remain confident in our ability to grow revenue and earnings faster than our markets over time.”