Advanced Energy reports Q3 adjusted EPS $1.74, consensus $1.47

Reports Q3 revenue $463.3M, consensus $441.54M. “Third quarter results surpassed the high end of our guidance due to increased demand for our AI data center solutions,” said Steve Kelley, president and CEO of Advanced Energy (AEIS). “We delivered solid financial results with continued improvement in gross margin, operating income, earnings, and operating cash flow. With strong customer pull for our next-generation products, we are well on our way to meet or exceed the long-term financial goals presented at our 2024 Analyst Day.”