NASDAQ$AEIS

Advanced Energy Industries Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Advanced Energy's Q3 2021 financial performance reflected solid results amidst a supply-constrained environment.

Advanced Energy reported Q3 2021 revenue of $346.1 million, GAAP EPS of $0.55, and non-GAAP EPS of $0.89. The company generated $18.3 million in cash flow from continuing operations and repurchased $52.6 million of common stock.

  • Q3 revenue was $346 million, above the midpoint of guidance
  • GAAP EPS from continuing operations was $0.55
  • Non-GAAP EPS was $0.89, above the midpoint of guidance
  • Demand for highly engineered power delivery systems remains robust.

Headline financials

Total Revenue

$346M

Previous: $390M-11.1%
EPS (adj)

$0.89

Previous: $1.66-46.4%
Capital Expenditures

-$22.7M

Previous: -$25.2M+10.0%
Free Cash Flow

-$1.72M

Previous: $20.4M-108.4%
Net Income

$21M

Previous: $45.6M-54.0%
Operating Income

$24.2M

Previous: $59M-58.9%
Gross Profit

$120M

Previous: $154M-21.9%
Cash & Equivalents

$548M

Previous: $429M+27.7%
Total Assets

$1.83B

Previous: $1.64B+11.5%
R&D Expense

$40.6M

Previous: $36.8M+10.2%

Revenue & EPS history

Advanced Energy · Revenue · Quarterly

$346M

Q3 2021-11.1%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Advanced Energy · $346M total across 4 segments · Q3 2021

  • Semiconductor Equipment
    $173M+3.8%
  • Industrial and Medical
    $80.8M-7.1%
  • Data Center Computing
    $62.2M-29.1%
  • Telecom and Networking
    $29.6M-37.9%

Forward guidance

The company's guidance for the fourth quarter of 2021 includes revenues of $355M +/- $20M, GAAP EPS from continuing operations of $0.62 +/- $0.25, and Non-GAAP EPS of $0.92 +/- $0.25.

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 2021

Historical avgQ3 2021

+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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