Brian Chin
Analyst, Stifel
Replay available
Advanced Energy Industries, Inc. (AEIS) Q1 2025 Earnings Call
Advanced Energy Industries, Inc. (NASDAQ: AEIS) Q1 2025 earnings conference call, held 2025-04-30. Replay captured from the company's public earnings webcast.
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Advanced Energy Industries, Inc..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.655 our direct exposure to the highest tariff rates is limited. 00:00:06.298 -- 00:00:11.383 Further, with major facilities in Malaysia, the Philippines, 00:00:11.383 -- 00:00:13.504 and Mexico, 00:00:13.506 -- 00:00:18.591 our broad manufacturing footprint allows us to optimize production to 00:00:18.591 -- 00:00:21.272 meet customer needs. 00:00:22.235 -- 00:00:23.677 Finally, 00:00:23.677 -- 00:00:27.781 most of the products we import from Mexico into the U.S. 00:00:27.781 -- 00:00:30.760 are U.S. MCA compliant 00:00:30.760 -- 00:00:36.427 which under current rules means that they are exempt from reciprocal tariffs. 00:00:36.427 -- 00:00:40.492 Now let me provide updates on each of our markets. 00:00:40.492 -- 00:00:42.574 In the first quarter, 00:00:42.574 -- 00:00:48.181 semiconductor revenue decreased slightly from Q4, but was well ahead of plan. 00:00:48.181 -- 00:00:53.307 The better than expected results were due largely to strength at the leading edge 00:00:53.307 -- 00:00:57.129 for both logic and memory processes. 00:00:57.632 -- 00:01:02.973 We expect semiconductor demand to remain solid in the current quarter, supported 00:01:02.973 -- 00:01:07.655 by continuing investment at the leading edge. 00:01:08.218 -- 00:01:13.563 We continue to see strong customer pull for our next-generation EVOS, 00:01:13.563 -- 00:01:16.926 Everest, and NavX products, 00:01:16.926 -- 00:01:23.670 and have cumulatively shipped over 350 qualification units through the first quarter. 00:01:23.792 -- 00:01:29.333 This represents a five-fold increase from a year ago and a meaningful jump 00:01:29.333 -- 00:01:34.016 for more than 250 units shipped just a quarter ago. 00:01:35.180 -- 00:01:39.524 Our customers are incorporating these products into t...