Advanced Energy Industries (NASDAQ: AEIS) reported non-GAAP earnings of 85 cents per share in second-quarter 2024, beating the Zacks Consensus Estimate by 23.19%. The bottom line declined 23.4% on a year-over-year basis. Revenues of $365 million beat the Zacks Consensus Estimate by 5.74% but declined 12.1% year over year, primarily due to the weakness across non-semi markets. End Market in Detail Semiconductor Equipment: Revenues (51.6% of total revenues) generated from the market rose 9% year over year to $188 million. The figure topped the Zacks Consensus Estimate by 6.08%. Sequentially, revenues increased 5%. The uptick can be attributed to accelerated deliveries driven by heightened AI demand. New products like the eVoS and eVerest platforms are in high demand, leading to expectations of substantial growth in logic and memory applications. Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote At SEMICON West, AEIS launched the NavX RF matching network, which, when paired with the eVerest RF generator, provides advanced etch and deposition performance at cutting-edge process nodes. The initial customer feedback has been positive, with up to 50 units expected to be in use by the year-end. In the second ...