Advanced Energy (AEIS) Reports Q3 2024 Earnings with Mixed Results
Advanced Energy (AEIS) reported Q3 2024 earnings with revenue of $374 million, up 3% sequentially but down 9% year over year. Semiconductor and data center computing segments showed growth, while industrial and medical revenue declined significantly. The company exceeded non-GAAP EPS guidance and improved gross margin.
Tickers: $AEIS
Topics: AI Demand Cash Flow Data Center Earnings EPS Gross Margin Restructuring Charge Revenue Semiconductor