Filing Flows › Advanced Energy Industries (AEIS) › Q1 2025
Advanced Energy Industries (AEIS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Advanced Energy Industries (AEIS) reported revenue of $405M for the first quarter 2025 (Q1 2025), +24% from a year earlier and -3% from the quarter before. Operating margin was 7.6%, net earnings $24.7M (6.1% of revenue).
Advanced Energy Industries, Q1 2025: revenue $405M (+24% year over year), operating margin 7.6%, net earnings $24.7M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $405M | -3% | +24% |
| Gross profit | $150M | -3% | +33% |
| Operating profit | $30.6M | -10% | 34× |
| Net earnings | $24.7M | -49% | +357% |
| Operating cash flow | $28.9M | -65% | +296% |
| Free cash flow | $15.0M | -79% | — |
What changed
Revenue was $404.6M in Q1 2025, up 24% year over year and down 3% from the previous quarter. Semiconductor Equipment was the largest line at 55% of revenue. Data Center Computing added $54.3M year over year (up 130%), 70% of the total change. Industrial and Medical declined 23%.
Gross margin was 37.2%, up 2.7 points from a year earlier. Operating profit was $30.6M, a 7.6% margin (up 7.3 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 0% margin then. Operating expenses grew 7% against revenue growth of 24%. Net earnings were $24.7M, up 357% year over year. The effective tax rate was 16.8%.
Operating cash flow was $28.9M (up 296% year over year), 117% of net earnings. Non-cash charges added back $16.1M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items used $24.9M. Capital expenditures of $13.9M left free cash flow of $15.0M.
Questions
What was Advanced Energy Industries' revenue in the first quarter 2025?
Advanced Energy Industries (AEIS) reported revenue of $405M for the first quarter 2025 (Q1 2025), +24% from a year earlier and -3% from the quarter before.
Was Advanced Energy Industries profitable in the first quarter 2025?
Operating profit was $30.6M (7.6% of revenue) and net earnings $24.7M.