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.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEIS: