Shares of Advanced Energy Industries (NASDAQ: AEIS) are soaring 5.14% in pre-market trading on Friday following the release of its first-quarter 2025 financial results, which exceeded analyst expectations. The company, which specializes in power and control technologies, reported strong growth in both revenue and earnings.

According to the earnings report, Advanced Energy Industries posted revenue of $404.6 million for Q1 2025, representing a 24% increase from the same period last year and surpassing analyst estimates by 3.2%. The company's net income saw a dramatic rise of 330% year-over-year, reaching $24.9 million. Earnings per share (EPS) came in at $0.66, up from $0.15 in Q1 2024 and beating analyst projections by 2%.

The impressive financial performance has boosted investor confidence in Advanced Energy Industries' growth prospects. The company's profit margin improved significantly, rising to 6.2% from 1.8% in the previous year. Looking ahead, analysts forecast revenue growth of 8.3% per annum on average over the next three years, outpacing the 7.2% growth expected for the US Electronic industry as a whole. This positive outlook, combined with the strong Q1 results, appears to be driving the stock's pre-market surge.