Advanced Energy Industries Reports Record Q3 Results and Provides Q4 Revenue Guidance
Advanced Energy Industries (AEIS) reported record third-quarter results, with revenue and earnings exceeding the high end of previous guidance. The company achieved significant sequential growth, increasing total revenue by more than $120 million compared to the prior quarter. Looking ahead, management provided Q4 revenue guidance in the range of $735 million (plus or minus $25 million). Additionally, the company outlined a long-term strategic target to reach over $5 billion in capacity by the end of 2028.