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

Advanced Energy Q2 revenue rises to $364.9 million from Q1 but falls from a year ago

Mixed Impact 3 of 5 earnings Written later

Advanced Energy reported second quarter 2024 revenue of $364.9 million, up from $327.5 million in the first quarter but down from $415.5 million a year earlier. GAAP earnings per diluted share from continuing operations were $0.41, compared with $0.15 in the prior quarter and $0.73 a year ago. The company also expects most of its severance and facility-related charges from further manufacturing consolidation to be recognized in the third quarter of 2024, and its third quarter GAAP EPS guidance midpoint is negative.

Key points

  • Q2 2024 revenue was $364.9 million, versus $327.5 million in Q1 2024 and $415.5 million in Q2 2023.
  • Q2 2024 GAAP diluted EPS from continuing operations was $0.41; non-GAAP diluted EPS was $0.85, versus $1.11 in Q2 2023.
  • Q3 2024 guidance: revenue $370 million +/- $20 million; GAAP EPS ($0.10) +/- $0.25; non-GAAP EPS $0.90 +/- $0.25.
  • Cash flow from continuing operations was $6.9 million in the quarter; dividends paid were $3.8 million.

The filing

CompanyAdvanced Energy (AEIS)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:05 PM ET
Accession number0001558370-24-010373

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 July 30, 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.