What were the key takeaways from American Superconductor’s earnings call?

What is American Superconductor's gross profit margin?

What factors drove the changes in American Superconductor's revenue and profit?

What is American Superconductor's latest dividend and current dividend yield?

What guidance did American Superconductor's management provide for the next earnings period?

What is the revenue and EPS growth rate for American Superconductor year over year?

What is the market's earnings forecast for American Superconductor next quarter?

What does American Superconductor do and what are its main business segments?

- **Revenue Soars 25% YoY**: Q3 $74.5M driven by North America and Brazil projects.
- **AI Grid Breakthrough**: 250 MVA transformers deployed for utility customers.
- **Data Center Win**: Secured $12M hyperscale project, targeting 20%+ of revenue.
- **Brazilian Expansion**: Comtrafo acquisition taps $10B grid modernization pipeline.
- **Profitable Growth**: Non-GAAP EPS $1.08, 5% opex decline YoY.
- **Strong Pipeline**: $250M+ backlog across energy, chemicals, and utilities.


【CEO Summary Section】
- **Revenue Growth**: Q3 revenue reached $74.5 million, up 25% YoY, driven by North American market recovery and new projects in Brazil.
- **AI and Grid Investment**: Emphasized R&D in AI-driven grid solutions and expansion of 250 MVA transformers for utility customers.
- **Data Center Expansion**: Secured first major data center project, showcasing ability to integrate power modulation for hyperscale facilities.
- **Brazilian Strategy**: Acquired Comtrafo to tap into Latin America's $10B grid modernization pipeline.

【CFO Financial Commentary】
- **Profitability**: GAAP net income $42M, Non-GAAP EPS $1.08 (vs. $0.9M/0.07 prior quarter).
- **Cost Control**: Operating expenses down 5% YoY through R&D efficiency gains.
- **Cash Flow**: Generated $19M in Q3, with $218M in trailing 12-month revenue.
- **Backlog**: $250M+ pipeline across oil, gas, chemicals, and utilities.

【Q&A Highlights】
- **Data Center Strategy**: Won $12M hyperscale project, targeting 20%+ of total revenue by FY27.
- **Brazilian Execution**: Comtrafo integration on track to add $30M+ annual revenue.
- **CapEx Plan**: $80M+ FY26 spend to expand transformer manufacturing capacity.
- **Risk Management**: Diversified into 15+ end markets to mitigate sector volatility.


American Superconductor Corporation (AMSC) Q3 2025 Earnings Call Transcript

- **Revenue Growth Accelerates**: Q2 up 21% YoY to $65.9M, with Grid (83% of sales) +16% and Wind +53%.
- **Profitability Sustained**: 5+ quarters of >30% gross margin, $218M cash, and Q3 guidance >$6M non-GAAP net.
- **Strategic Expansion**: Data center pipeline emerging, military R&D contract wins, and $1T+ global energy capex tailwinds.
- **Risk Management**: Diversified 25/25/20/30% revenue mix across energy, renewables, materials, and defense.

**【CEO Summary Section】**
- Q2 revenue of $65.9 million, up 21% YoY, driven by 16% Grid growth and 53% Wind business expansion.
- Gross margin improved to 31%, with 5 consecutive quarters of profitability and $218.8 million in cash.
- Diversified revenue mix: 25% from traditional energy, 25% renewables, 20% materials, and 30% military/industrial.
- New Navy contract for a next-gen product class signals long-term military growth potential.

**【CFO Financial Commentary】**
- Non-GAAP net income of $8.9 million ($0.20 EPS), up 10% YoY despite higher operating expenses due to NWL integration.
- Q3 guidance: $65-70 million revenue, with net income >$2 million and non-GAAP >$6 million.
- 12-month backlog exceeds $200 million, supporting sustained execution across energy, materials, and defense sectors.

**【Q&A Highlights】**
- Data center opportunities: early-stage pipeline with potential order sizes similar to semiconductor fabs ($2-10 million+).
- Military expansion: new ship power systems and port construction projects expected to accelerate in 2026.
- Grid resilience solutions being spec'd into >50% of utility projects, driven by $1T+ global energy capex tailwinds.

American Superconductor Corporation (AMSC) Q2 2025 Earnings Call Transcript

- **Record Revenue Growth**: Q1 FY2025 revenue of $72.4 million (+80% YoY) driven by Grid (+86% YoY) and Wind (+54% YoY) businesses.
- **Profitability Milestone**: 34% gross margin (vs. 30% YoY) and $11.6 million non-GAAP net income, marking 4th consecutive quarter of profitability.
- **Backlog Expansion**: 12-month backlog of $200 million (+25% YoY), with $63 million in new orders reflecting strong demand in semiconductors, Traditional Energy, and Renewables.
- **Sustainable Growth**: Q2 guidance of $65-70 million revenue and >$6 million non-GAAP net income signals continued momentum.
- **Strategic Opportunities**: Exploring data center infrastructure projects, M&A to expand Grid capabilities, and military partnerships for long-term growth.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 FY2025 revenue reached $72.4 million, up 80% YoY, driven by Grid (83% of revenue, +86% YoY) and Wind (17% of revenue, +54% YoY). This marks the 5th consecutive quarter of sequential growth.
- **Profitability**: Reported net income of $6.7 million ($0.17 EPS) vs. $2.5 million loss YoY. Non-GAAP net income was $11.6 million ($0.30 EPS), up from $3 million YoY. Gross margin expanded to 34%, up from 30% YoY.
- **Backlog Strength**: 12-month backlog of $200 million (vs. $160 million YoY), with $63 million in new orders this quarter. Total backlog exceeds $300 million.
- **Key Sectors**: Materials (semiconductors, mining) accounted for ~25% of revenue, with Traditional Energy (oil/gas) and Renewables each contributing ~25%. Grid revenue grew 85% YoY.
- **Execution Excellence**: Accelerated delivery for a key customer boosted Q1 results, reflecting strong customer relationships and demand across multiple markets.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: Grid ($60.3 million, +86% YoY), Wind ($12.1 million, +54% YoY). NWL acquisition contributed significantly to Grid growth.
- **Gross Margin**: 34% (vs. 30% YoY), driven by higher volumes, favorable product mix, and factory utilization. Non-recurring items were minimal.
- **Cash Position**: $213.4 million in cash (vs. $85.4 million Q4 FY2024), boosted by $124.6 million from June equity offering. Operating cash flow of $4.1 million.
- **Q2 Guidance**: Revenue $65-70 million, net income >$2 million ($0.05 EPS), non-GAAP net income >$6 million ($0.14 EPS).

**【Q&A Highlights】**
- **Gross Margin Sustainability**: 34% Q1 margin was 'near-perfect' due to ideal mix, but 30%+ margins achievable at $70+ million revenue levels. Long-term target is mid-30s%.
- **Capacity Expansion**: Labor-constrained vs. space-constrained; no immediate need for second shifts. Exploring acquisitions to expand capabilities.
- **Data Center Growth**: Early-stage discussions with EPCs and utilities for substation solutions. Potential for in-building solutions, but no near-term revenue impact.
- **Semiconductor Market**: Benefiting from $160B global semiconductor capex in 2025. Materials sector orders on horizon, with 12-month backlog up 25% YoY.
- **M&A Activity**: Actively evaluating targets to expand Grid and Military offerings. Disciplined approach to accretive acquisitions.

American Superconductor Corporation (AMSC) Q1 2025 Earnings Call Transcript

- **Record Q4 Growth**: $66.7M revenue (+59% YoY), $200M 12-month backlog, and 28% gross margin reflect strong execution.
- **Semiconductor Surge**: Q4 orders driven by U.S. fabs, with potential for $10M+ per fab in 2025.
- **Military Expansion**: $75M+ Royal Canadian Navy contract marks first allied navy win, complementing U.S. Navy SPS deliveries.
- **Wind Recovery**: Inox ECS shipments ramping, supporting India's 3GW+ wind turbine backlog.
- **Profitability**: 7th consecutive quarter of non-GAAP profitability, with Q1 2025 guidance for >$4M non-GAAP net income.


**【CEO Opening Remarks】**
- Q4 2024 revenue reached $66.7 million, up 59% YoY, driven by Grid (+62%) and Wind (+42%) segments.
- Full-year 2024 revenue of $222.8 million (+53% YoY) with 70% of sales from the U.S., mitigating trade policy risks.
- Q4 orders surged to $75 million, pushing 12-month backlog to $200 million (vs. $140 million YoY), with semiconductor fabs and traditional energy projects accelerating.
- Key milestones: Royal Canadian Navy contract ($75M+), 3 U.S. Navy ship protection systems delivered, and Inox wind turbine ECS orders ($35M+).

**【CFO Financial Review】**
- Q4 GAAP net income: $1.2M ($0.03 EPS) vs. loss of $1.6M ($0.05 EPS) YoY.
- Non-GAAP net income: $4.8M ($0.13 EPS) vs. $1.9M ($0.06 EPS) YoY.
- Full-year non-GAAP net income: $24M ($0.65 EPS) vs. $0.6M ($0.02 EPS) YoY.
- Gross margin improved to 28% (2023: 24%), with operating cash flow of $28.3M for the year.
- Q1 2025 guidance: Revenue $64-68M, net income >$1M, non-GAAP net income >$4M.

**【CEO Future Outlook】**
- **Semiconductor Fabs**: Q4 orders driven by U.S. fabs under construction, with potential for $10M+ per fab in coming years.
- **Traditional Energy**: Solutions for upstream (drilling), midstream (pipelines), and downstream (refining) now account for ~25% of pipeline.
- **Military Growth**: Ship Protection Systems (SPS) backlog >$75M, targeting allied navies beyond U.S. and Canada.
- **Wind Recovery**: Inox ECS shipments ramping, with 3MW systems demonstrating efficiency gains.
- **Grid Resilience**: Solutions for data centers, mining operations, and grid modernization (e.g., voltage stability for retiring thermal plants).

**【Q&A Highlights】**
- **Order Mix**: Q4 Grid revenue 84% of total, with semiconductor fabs and traditional energy projects driving $75M Q4 orders.
- **Gross Margin Strategy**: Focus on factory efficiency, supply chain bundling, and pricing for materials-intensive solutions.
- **Tariff Impact**: U.S. market focus (70%+ sales) and domestic supply chain hedge against global volatility.
- **SPS Performance**: Systems exceed expectations, with U.S. Navy satisfaction and Canadian Navy deployment pending.
- **Wind Visibility**: Inox backlog >3GW, but short-term contracts reduce reported backlog visibility.


American Superconductor Corporation (AMSC) Q4 2024 Earnings Call Transcript

- **Record Q3 Revenue**: $61.4M (+55% YoY), driven by grid (56% growth) and wind (58% growth).
- **Backlog Expansion**: 12-month backlog >$200M, total >$300M; pipeline growth outpaces company growth.
- **Profitability**: 2nd consecutive quarter of net income ($6M non-GAAP); gross margin 27%.
- **Future Growth**: Targeting U.S. industrials, data centers, semiconductors; India wind orders accelerating.
- **Financial Strength**: $80M cash, $5.9M Q3 operating cash flow; Q4 guidance: $59-63M revenue.


**【CEO Summary Section】**
- Q3 2024 revenue reached a record $61.4 million, up 55% YoY, driven by grid (85%) and wind (15%) businesses. Grid revenue grew 56%, wind 58%.
- Secured $57 million in new orders, 75% from grid; 12-month backlog exceeds $200 million, total backlog >$300 million.
- Highlighted opportunities in U.S. industrial manufacturing, data centers, semiconductors, and India's wind market.
- Achieved 2 consecutive quarters of net income and 6+ quarters of positive operating cash flow.

**【CFO Financial Commentary】**
- Q3 non-GAAP net income: $6 million ($0.16/share), up from $0.03/share last year.
- Gross margin improved to 27% (vs. 25% YoY), driven by higher volumes and product mix.
- Operating expenses rose to $14.6 million due to NWL acquisition; 19% non-cash.
- Q4 2024 guidance: $59-63 million revenue, non-GAAP net income >$2.5 million.

**【Q&A Key Highlights】**
- **Pipeline Growth**: Pipeline expansion rate > company growth rate; diversifying into industrials, data centers, semiconductors.
- **Inox Wind Orders**: $15 million ECS orders; batched shipments tied to customer payment schedules.
- **Capacity & Leverage**: Current capacity sufficient; capital needs minimal ($0.5M Q3 CapEx).
- **Acquisition Strategy**: Actively evaluating targets with complementary tech, strong margins, reasonable valuations.
- **Data Center & Semiconductors**: Engaging utilities to support grid infrastructure for new builds; multiple projects in pipeline.
- **U.S. Policy Impact**: Potential to benefit from reshoring incentives; 85% grid revenue from U.S. in Q3.


AMSC

AMSC fundamentals

Earnings Call

You can ask Aime