Advanced Energy Industries (NASDAQ:AEIS) executives said the company is seeing broad-based strength across its semiconductor, data center and industrial and medical end markets, while also pointing to improving margins and additional manufacturing capacity expected to come online later this year.
Speaking at a company news event, President and Chief Executive Officer Steve Kelley said the first quarter was “a good quarter” for Advanced Energy, with revenue and profitability above the midpoint of the company’s guidance. He also highlighted that the company crossed a 40% gross margin threshold, a level he said Advanced Energy had been working to exceed during his five years as CEO.
