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

Advanced Energy Q3 revenue $374.2 million, above guidance midpoint; GAAP loss $0.38/share

Mixed Impact 3 of 5 earnings Written later

Advanced Energy reported third-quarter 2024 revenue of $374.2 million, above the midpoint of its guidance, and up from $364.9 million in the second quarter but down from $410.0 million a year earlier. The company posted a GAAP loss of $0.38 per share, which included a $28.5 million restructuring charge tied to its manufacturing consolidation, and guided fourth-quarter revenue to $392 million plus or minus $20 million.

Key points

  • Q3 2024 revenue was $374.2 million, versus $364.9 million in Q2 2024 and $410.0 million in Q3 2023.
  • GAAP loss from continuing operations was $14.1 million, or $0.38 per share, including a $28.5 million restructuring charge; Q3 2023 GAAP net income was $33.7 million, or $0.89 per diluted share.
  • Non-GAAP EPS was $0.98, compared with $0.85 in Q2 2024 and $1.28 in Q3 2023.
  • Q4 2024 guidance: revenue of $392 million plus or minus $20 million and non-GAAP EPS of $1.08 plus or minus $0.25.

The filing

CompanyAdvanced Energy (AEIS)
Form8-K, current report
Filed with the SECOct 30, 2024, 4:10 PM ET
Accession number0001558370-24-013945

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 October 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.