NASDAQ$AEIS

Advanced Energy Industries Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Advanced Energy's Q3 2020 earnings were announced, revealing record revenue and EPS.

Advanced Energy reported record revenue of $389.5 million, GAAP EPS of $1.18, and non-GAAP EPS of $1.66 for Q3 2020. The company's performance was driven by solid demand across market verticals and strong execution.

  • Q3 revenue was a record $390 million, exceeding the guidance range.
  • Q3 GAAP EPS from continuing operations was $1.18.
  • Q3 Non-GAAP EPS was also a record at $1.66, surpassing the guidance range.
  • The company generated $67.5 million of operating cash from continuing operations.

Headline financials

Total Revenue

$390M

Previous: $175M+122.4%
EPS (adj)

$1.66

Previous: $0.54+207.4%
Capital Expenditures

-$25.2M

Previous: -$15.7M-60.9%
Free Cash Flow

$20.4M

Previous: -$8.06M+353.0%
Net Income

$45.6M

Previous: $7.62M+498.7%
Operating Income

$59M

Previous: $9.39M+527.8%
Gross Profit

$154M

Previous: $73.5M+109.3%
Cash & Equivalents

$429M

Previous: $340M+26.0%
Total Assets

$1.64B

Previous: $1.6B+3.0%
R&D Expense

$36.8M

Previous: $24.5M+50.0%

Revenue & EPS history

Advanced Energy · Revenue · Quarterly

$390M

Q3 2020+122.4%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Advanced Energy · $390M total across 4 segments · Q3 2020

  • Semiconductor Equipment
    $167M
  • Data Center Computing
    $87.7M
  • Industrial and Medical
    $87M
  • Telecom and Networking
    $47.7M

Forward guidance

The company provided guidance for Q4 2020, with revenue expected to be $360M +/- $20M, GAAP EPS from continuing operations of $1.03 +/- $0.21, and Non-GAAP EPS of $1.30 +/- $0.20.

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 Q3 2020

Historical avgQ3 2020

+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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