01:42 PM EDT, 05/01/2025 (MT Newswires) -- Advanced Energy Industries ( AEIS ) shares were up 15.4% in recent trading on Thursday after its Q1 earnings and revenue beat analysts' consensus.

The company reported Q1 non-GAAP earnings of $1.23 per diluted share, up from $0.58 a year earlier.

Analysts polled by FactSet expected $1.06.

Revenue for the quarter ended March 31 was $404.6 million, up from $327.5 million a year earlier.

Analysts surveyed by FactSet expected $392.1 million.

The company said it expects Q2 non-GAAP earnings of $1.30 per share plus or minus $0.25. Analysts surveyed by FactSet expect $1.29. The company expects revenue for the quarter of $420 million plus or minus $20 million. Analysts polled by FactSet expect $418.9 million.

Price: 112.48, Change: +15.07, Percent Change: +15.47