Financial PerformanceAE delivered a better than-expected Q2'24 report highlighted by above-consensus revenues, gross margins, and EPS.
Growth DriversAE’s Data Center Computing business is likely to remain a growth driver through the second half and well into 2025, driven by hyperscale AI investments and gains in enterprise AI servers.
Market OpportunityAdvanced Energy's addressable market opportunity in industrial and medical sectors is expanding due to its core competency in power conversion.