Company BacklogAdvanced Energy ended the December quarter with a backlog of $407 million, down from the $514 million backlog held at the end of the September quarter.
Financial PerformanceRevenues fell 1% quarter over quarter, at the midpoint of guidance.
OutlookAE expects Q1 revenue to be down approximately 14% quarter over quarter at the midpoint of the range, below consensus and resulting in much lower than expected EPS.