Advanced Energy Industries, Inc. · NASDAQ:AEIS
Advanced Energy Industries — Q2 2025 Earnings Presentation
13 slides from Advanced Energy Industries's earnings presentation, Aug 5, 2025
Slide 1: Advanced Energy (AEIS) Q2 2025 Financial Results
Advanced Energy (AEIS) Q2 2025 Financial Results AUGUST 5, 2025
Slide 2: Safe Harbor
Safe Harbor global economic conditions, such as the impact of escalating global conflicts on macroeconomic
Slide 3: Q2 2025 Financial Highlights
Q2 2025 Financial Highlights REVENUE NON-GAAP GROSS MARGIN(1) OPERATING CASH FLOW(2) $442 million 38.1% $47 million NON-GAAP EPS NON-GAAP OP MARGIN(1) TOTAL CASH $1.50 14.6% $714 million (1) Detailed explanations of non-GAAP financials and reconciliations of GAAP to non-GAAP financials can be found
Slide 4: Q2 2025 Summary – Operating at a Higher Level
Q2 2025 Summary – Operating at a Higher Level Q2 2025 revenue above the high end of guidance, driven by upside in Data Center ▪ Revenue of $442 million grew 21% YoY; non-GAAP EPS(1) of $1.50 was up 76% YoY ▪ Non-GAAP gross margin(1) of 38.1% was up QoQ, despite increased tariff expenses and producti
Slide 5: Q2 2025 Revenue Detail by Market
Q2 2025 Revenue Detail by Market Down 6% QoQ & Up 11% YoY ($ in millions) Up 47% QoQ & Up 94% YoY ▪ Delivery schedules shifting to mitigate the ▪ Captured upside demand for AE’s new data near-term impact of tariffs center power solutions ▪ Some early design wins for eVoSTM, ▪ Expect ramps of multipl
Slide 6: Revenue by Market
Q2 2025 Revenue by Market Q2 2025 Q1 2025 Q2 2024 QoQ YoY Semiconductor Equipment $209.5 $222.2 $188.3 -5.7% 11.3% Industrial & Medical $68.6 $64.3 $79.1 6.7% -13.3% Data Center Computing $141.6 $96.2 $73.0 47.2% 94.0% Telecom & Networking $21.8 $21.9 $24.5 -0.5% -11.0% Total Revenue $441.5 $404.6 $
Slide 7: Income Statement
Q2 2025 Income Statement Q2 2025 Q1 2025 Q2 2024 QoQ YoY Revenue $441.5 $404.6 $364.9 9.1% 21.0% GAAP gross margin 37.0% 37.2% 35.0% GAAP operating expenses $131.8 $119.9 $114.8 9.9% 14.8% GAAP operating margin from continuing ops 7.2% 7.6% 3.5% GAAP EPS from continuing ops $0.67 $0.65 $0.41 3.1% 63
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Total Cash decreased QoQ to $713.5 million Q2 2025 Q1 2025 Q2 2024 ▪ Net cash(1) at $147.4 million ▪ Repurchased $22.8 million of common stock at an Cash $713.5 $723.0 $986.1 average price of $83.83 per share Inventories $397.9 $368.8 $383.1 Inventory Turns flat QoQ at 2.7x
Slide 9: Q3 2025 Guidance
Q3 2025 Guidance Revenue $440 million ± $20 million GAAP EPS from continuing operations $0.82 ± $0.25 Non-GAAP(1) EPS $1.45 ± $0.25 (1) Detailed explanations of non-GAAP financials and reconciliations of GAAP to non-GAAP financials can be found at the end of this presentation 9
Slide 10: Quarterly Non-GAAP Financials
Quarterly Non-GAAP Financials(1) Quarterly Trend (figures in $ millions, except percentage and EPS) All figures from Continuing Operations 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Revenue 440.9 516.3 490.7 425.0 415.5 410.0 405.3 327.5 3
Slide 11: Non-GAAP Measures
Non-GAAP Measures Detailed reconciliations of GAAP to non-GAAP financials can be found on the subsequent slides. These slides include measures, such as non-GAAP earnings per share (“EPS”), non-GAAP gross margin and other non-GAAP financial measures, that are not prepared in accordance with accountin
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions, except percentage and $ per share)
Slide 13: Q3 2025 Reconciliation of GAAP to Non-GAAP Guidance
Q3 2025 Reconciliation of GAAP to Non-GAAP Guidance
Advanced Energy Industries — Q2 2025 Earnings Presentation on 6ix