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Advanced Energy (AEIS)
NASDAQ:AEIS
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.1Last Year’s EPS
$1.24Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 4.94%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, with strong growth in Semiconductor and Data Center segments, improvement in gross margin, and record design wins. However, challenges remain in the Industrial & Medical and Telecom & Networking segments, along with restructuring costs impacting GAAP results.Company Guidance
In the third quarter of 2024, Advanced Energy Industries (AEIS) delivered financial results that exceeded the midpoint of their guidance, supported by strong demand in the Semiconductor and Data Center markets. The company reported a revenue of $374 million, a 3% sequential increase, although a 9% year-over-year decrease. Semiconductor revenue reached $197 million, up 5% sequentially, benefiting from increased demand and surpassing expectations. Data Center Computing revenue rose by 11% sequentially, driven by AI-related investments, while Industrial & Medical revenue decreased by 3% sequentially due to customer inventory destocking. Gross margin improved by 100 basis points to 36.3%, and earnings per share were $0.98, beating the guidance of $0.90. Looking ahead to the fourth quarter, AEIS expects revenue to increase with a target of $392 million, plus or minus $20 million, and gross margins to improve further to approximately 37%. The company remains optimistic about its long-term growth prospects, aiming for over 40% gross margins through strategic cost reductions and product mix improvements.Strong Semiconductor and Data Center Revenue Growth
Semiconductor revenue increased 5% sequentially and 7% year-over-year. Data Center Computing revenue grew 11% sequentially and 18% year-over-year, driven by demand for AI applications.
Improvement in Gross Margin
Gross margin increased by 100 basis points quarter-over-quarter to 36.3%, largely due to initial manufacturing cost improvements.
Record Design Wins
Achieved strong design win activity across all target markets, with a record funnel of new opportunities and a conversion rate above 1 in 3.
Successful Factory Consolidation
Factory consolidation actions have begun to show financial impact, contributing to the improvement in gross margins.
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AEIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AEIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $107.68 | $108.44 | +0.71% |
| Jul 30, 2024 | $108.19 | $116.16 | +7.37% |
| May 01, 2024 | $95.82 | $95.37 | -0.47% |
| Feb 06, 2024 | $106.21 | $100.09 | -5.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Advanced Energy (AEIS) report earnings?
Advanced Energy (AEIS) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Advanced Energy (AEIS) earnings time?
Advanced Energy (AEIS) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEIS EPS forecast?
AEIS EPS forecast for the fiscal quarter 2024 (Q4) is $1.1.
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