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AI brief of an SEC Form 8-K · Advanced Energy (AEIS)

Advanced Energy Q1 2024 revenue falls to $327.5 million; GAAP EPS $0.15

Negative Impact 3 of 5 earnings Written later

Advanced Energy reported first-quarter 2024 revenue of $327.5 million, down from $425.0 million a year earlier and $405.3 million in the fourth quarter of 2023, and the company said revenue was below its guidance. GAAP diluted EPS from continuing operations fell to $0.15 from $0.84 a year earlier, and non-GAAP EPS was $0.58 versus $1.24, so profit declined sharply. The company guided second-quarter 2024 revenue to $350 million plus or minus $20 million.

Key points

  • Q1 2024 revenue was $327.5 million, compared with $425.0 million in Q1 2023 and $405.3 million in Q4 2023.
  • GAAP diluted EPS from continuing operations was $0.15, versus $0.84 in Q1 2023; non-GAAP diluted EPS was $0.58, versus $1.24.
  • Q1 2024 GAAP net income from continuing operations was $5.8 million, compared with $31.8 million a year earlier.
  • Q2 2024 guidance: revenue of $350 million +/- $20 million; GAAP EPS of $0.25 +/- $0.25; non-GAAP EPS of $0.73 +/- $0.25.

The filing

CompanyAdvanced Energy (AEIS)
Form8-K, current report
Filed with the SECMay 1, 2024, 4:09 PM ET
Accession number0000927003-24-000006

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.