Earnings
Advanced Energy's New Thailand Plant Is Already Shipping To Two Data Center Customers, CEO Says
CEO Steve Kelley says the plant adds capacity "through 2029 easily," while component shortages are built into the fourth-quarter outlook.
AEIS
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Earnings
Advanced Energy Revenue Jumps 50% To $696 Million, Topping Its Own Forecast On Chip And Data Center Demand
Adjusted earnings of $3.65 a share also beat the top of guidance, and the company guided fourth-quarter revenue to $735 million.
Earnings
Advanced Energy Removes Payout Cap On Performance Stock Awards, Adding $10.0 Million In Expense
The board committee scrapped a five-times limit on part of outstanding performance awards, with $4.0 million of the charge due in the fourth quarter.