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

Advanced Energy Q4 revenue $405.3 million; 2023 sales down 10% to $1.66 billion

Negative Impact 3 of 5 earnings Written later

Advanced Energy reported fourth-quarter and full-year 2023 results on February 6, 2024. Q4 revenue of $405.3 million was down from $490.7 million a year earlier, and full-year 2023 revenue fell 10% from $1.85 billion, while GAAP EPS from continuing operations dropped to $3.46 from $5.35. For shareholders, the year-over-year declines in revenue and earnings are the main takeaway, and the company guided first-quarter 2024 revenue to a range of $335 million to $365 million.

Key points

  • Q4 2023 revenue was $405.3 million, versus $410.0 million in Q3 2023 and $490.7 million in Q4 2022
  • Q4 2023 GAAP diluted EPS from continuing operations was $1.01, including a $25.6 million tax benefit and an $18.1 million restructuring and impairment charge
  • Full-year 2023 GAAP diluted EPS from continuing operations was $3.46, versus $5.35 in 2022; non-GAAP EPS was $4.88 versus $6.49
  • Q1 2024 revenue guidance is $335 million to $365 million, with non-GAAP EPS guidance of $0.50 to $0.90

The filing

CompanyAdvanced Energy (AEIS)
Form8-K, current report
Filed with the SECFeb 6, 2024, 4:11 PM ET
Accession number0001558370-24-000810

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 February 06, 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.