NASDAQ$AEIS

Advanced Energy Industries Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Advanced Energy reported Q4 2024 revenue growth driven by strong demand in semiconductor and data center markets, surpassing guidance. Operating income and net income saw significant improvements compared to Q3 and the prior year.

Headline financials

Total Revenue

$415M

Previous: $405M+2.5%
EPS (adj)

$1.30

Previous: $1.24+4.8%
GAAP Gross Margin

37.2%

No prior period
Non-GAAP Gross Margin

38.0%

No prior period
GAAP Operating Margin

8.1%

No prior period
Non-GAAP Operating Margin

13.5%

No prior period
Capital Expenditures

-$12.7M

Previous: -$14.2M+10.4%
Net Income

$48.9M

Previous: $37.5M+30.3%
Operating Income

$34M

Previous: $33M+3.0%
Gross Profit

$155M

Previous: $144M+7.4%
R&D Expense

$56.1M

Previous: $49M+14.4%
Stock-Based Comp

$11.9M

No prior period

Revenue & EPS history

Advanced Energy · Revenue · Quarterly

$415M

Q4 2024+2.5%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Advanced Energy · $410M total across 4 segments · Q3 2023

  • Semiconductor Equipment
    $185M-30.6%
  • Industrial and Medical
    $115M-3.6%
  • Data Center Computing
    $68.3M-22.0%
  • Telecom and Networking
    $41.4M-2.6%

Forward guidance

Advanced Energy expects moderate revenue decline in Q1 2025 due to seasonal trends but remains optimistic about long-term growth in key markets.

Tailwinds

  • Strong semiconductor and data center demand.
  • Improved operating margins expected.
  • Continued customer adoption of key products.
  • Optimized manufacturing footprint leading to efficiencies.
  • Stable financial position with strong cash flow.

Headwinds

  • Q1 revenue guidance lower than Q4 due to seasonality.
  • Weakness in telecom and industrial segments.
  • Potential impact of macroeconomic uncertainties.
  • Ongoing supply chain challenges in some areas.
  • Competitive pricing pressures in certain markets.

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 Q4 2024

Historical avgQ4 2024

+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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