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AEIS Nasdaq· Advanced Energy Industries Inc.
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AEIS Nasdaq· Advanced Energy Industries Inc.
Earnings report Q4 2023

Advanced Energy Industries, Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of Revenue

In the latest quarter, Advanced Energy Industries, Inc. (AEIS) reported total revenue of $1.66 billion. The revenue was generated from the following segments:

  • Semiconductor Equipment: $743.8 million
  • Industrial and Medical: $474.4 million
  • Data Center Computing: $249.9 million
  • Telecom and Networking: $187.7 million

Strengths

AEIS demonstrated strong revenue growth in the latest quarter, with a total revenue of $1.66 billion. This represents a significant increase compared to the previous year's revenue of $1.46 billion. The growth was primarily driven by the Semiconductor Equipment segment, which saw a substantial increase in revenue from $710.2 million in the previous year to $743.8 million in the latest quarter. This growth can be attributed to increased demand for semiconductor equipment in the market.

Challenges

While AEIS experienced overall revenue growth, the Industrial and Medical segment showed a slight decline in revenue compared to the previous year. The revenue decreased from $426.8 million to $474.4 million. This decline may indicate challenges in the industrial and medical markets, which could impact the company's future performance in these segments.

Noteworthy

AEIS reported a strong presence in North America, with revenue of $724.5 million, accounting for 43.8% of the total revenue. The company also demonstrated significant revenue contributions from the Asian market, with revenue of $713.6 million, representing 43.1% of the total revenue. This highlights the company's global reach and diversified revenue streams.

Summary

Advanced Energy Industries, Inc. achieved strong revenue growth in the latest quarter, driven by increased demand for semiconductor equipment. The company's total revenue reached $1.66 billion, representing a significant increase compared to the previous year. However, the decline in revenue in the Industrial and Medical segment poses challenges for the company. AEIS continues to demonstrate a strong presence in North America and Asia, indicating its global market reach. Overall, AEIS's performance in the latest quarter reflects its ability to capitalize on market opportunities and navigate challenges in the industry.

Source documents

Form 10-K  filed on Feb 20, 2024
121 pages scanned

Reference data

Company financials Q4 revenue 405M
Analyst estimates Q4 EPS beat by 8.75%
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