NASDAQ$AEIS

Advanced Energy Industries Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Advanced Energy's Q2 2022 financial results were announced, surpassing expectations due to improved component availability and operational execution.

Advanced Energy reported record revenue of $440.9 million for Q2 2022, exceeding the high end of guidance. GAAP EPS was $1.19, and non-GAAP EPS was $1.44, also above the high end of guidance. The company increased its share repurchase authorization to $200 million.

  • Total revenue was a record $441 million, above the high end of the guidance range.
  • Semiconductor revenue was also a record and grew 30% from last year.
  • GAAP EPS from continuing operations was $1.19.
  • Non-GAAP EPS was $1.44, above the high end of the guidance range.

Headline financials

Total Revenue

$441M

Previous: $361M+22.0%
EPS (adj)

$1.44

Previous: $1.25+15.2%
Capital Expenditures

-$25.5M

Previous: -$14.2M-79.0%
Free Cash Flow

$19.5M

Previous: $21.2M-7.9%
Net Income

$45M

Previous: $35.4M+27.0%
Operating Income

$52.8M

Previous: $41.1M+28.4%
Gross Profit

$162M

Previous: $135M+20.1%
Cash & Equivalents

$373M

Previous: $507M-26.5%
Total Assets

$1.88B

Previous: $1.78B+5.7%
R&D Expense

$48M

Previous: $40.1M+19.7%

Revenue & EPS history

Advanced Energy · Revenue · Quarterly

$441M

Q2 2022+22%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Advanced Energy · $441M total across 4 segments · Q2 2022

  • Semiconductor Equipment
    $229M+29.5%
  • Industrial and Medical
    $105M+26.1%
  • Data Center Computing
    $69.2M-0.4%
  • Telecom and Networking
    $38M+18.9%

Forward guidance

For Q3 2022, Advanced Energy expects revenues to be $435 million +/- $25 million, GAAP EPS from continuing operations to be $0.92 +/- $0.30, and non-GAAP EPS to be $1.30 +/- $0.30.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.0%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.2%

Avg return

30 days after

50%

32 / 64 earnings

Positive

+15.8%

Q3 2025

Best reaction

-12.7%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.3%-7.7%-17.1%
Q4 2025+10.7%+12.6%+8.2%
Q3 2025+15.8%+12.4%+12.5%
Q1 2025+11.2%+10.1%+17.8%
Q4 2024+11.1%+14.0%-4.5%
Q3 2024-1.7%+0.8%+2.9%
Q2 2024+5.7%-7.7%-2.8%
Q1 2024-0.6%-3.9%-6.0%
Q4 2023-2.5%-7.4%-1.5%
Q3 2023-2.3%+6.0%+9.8%
Q2 2023-8.3%-6.6%-4.1%
Q1 2023-3.9%-1.3%+13.5%
Q4 2022-4.7%-2.1%-5.2%
Q3 2022+2.0%+5.5%+18.4%
Q2 2022+4.5%+4.9%-3.9%
Q1 2022+1.2%-4.3%+2.6%
Q4 2021+9.1%+7.3%-10.6%
Q3 2021-2.6%-4.0%-2.1%
Q2 2021-10.5%-9.6%-13.4%
Q1 2021-12.4%-17.2%-0.4%
Q4 2020-2.5%+7.2%+6.9%
Q3 2020+9.7%+10.9%+32.6%
Q2 2020+2.5%+6.6%-7.7%
Q1 2020+9.4%+15.0%+33.2%
Q4 2019+0.2%+3.3%-25.8%
Q3 2019+1.3%+4.0%+9.9%
Q2 2019-9.7%-10.6%-1.3%
Q1 2019-12.7%-13.6%-11.4%
Q4 2018-0.7%-1.4%-6.6%
Q3 2018-6.3%+6.0%+6.1%
Q2 2018+2.1%+0.8%-1.7%
Q1 2018-1.2%+2.6%+9.2%
Q4 2017-0.3%+2.4%+7.5%
Q3 2017-12.5%-11.1%-19.9%
Q2 2017+0.3%-4.0%+1.2%
Q1 2017+0.3%+1.0%+4.2%
Q4 2016+2.3%+2.5%+7.8%
Q3 2016+1.4%-0.5%+16.6%
Q2 2016+2.6%+4.1%+11.9%
Q1 2016-1.8%
Q4 2015+1.4%
Q3 2015-0.4%
Q2 2015-2.0%
Q1 2015+1.6%
Q4 2014+0.4%
Q3 2014-2.6%
Q2 2014+0.9%
Q1 2014+8.1%
Q4 2013+2.1%
Q3 2013+2.5%
Q2 2013-2.8%
Q1 2013-1.1%
Q4 2012+3.3%
Q3 2012-0.5%
Q2 2012-0.3%
Q1 2012+2.2%
Q4 2011-3.4%
Q3 2011-2.1%
Q2 2011-3.4%
Q1 2011+1.3%
Q4 2010+5.6%
Q3 2010-4.6%
Q2 2010-5.3%
Q1 2010-12.3%

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