Did American Superconductor beat or miss consensus estimates last quarter?

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

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 American Superconductor's gross profit margin?

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

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

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

- **Revenue Growth**: $65.9M (21% YoY), Grid +16%, Wind +53%.
- **Profitability**: 31% gross margin, $8.9M non-GAAP net income.
- **Cash & Guidance**: $218.8M cash, Q3 $65-70M revenue guidance.
- **Market Expansion**: Data centers, military systems, semiconductors.
- **Order Pipeline**: $200M+ backlog, 12-month visibility.


**【Management Opening Remarks】**
- Q2 revenue of $65.9 million, up 21% YoY, driven by Grid (16% growth) and Wind (53% growth) businesses.
- Gross margin improved to 31%, up from 29% YoY, due to favorable product mix.
- Non-GAAP net income of $8.9 million ($0.20/share), up from $10 million ($0.27/share) YoY.
- Cash balance of $218.8 million, with $6.5 million operating cash flow.
- Q3 guidance: $65-70 million revenue, $2-3 million GAAP net income, $6-7 million non-GAAP net income.

**【CEO Commentary】**
- Diversified revenue: 25% from traditional energy, 25% from renewables, 20% from materials, 15% from military.
- 5 consecutive quarters of profitability, 9 quarters of non-GAAP profitability.
- Order pipeline exceeds $200 million, with 12-month backlog.
- New U.S. Navy contract for ship system design, targeting data center and military market expansion.
- Q3 expected acceleration in materials (semiconductors, data centers) and military (ship protection/powering systems).

**【CFO Commentary】**
- R&D/SG&A expenses $17.1 million (12% YoY increase), with 21% non-cash expenses.
- GAAP net income $4.8 million ($0.11/share), up from $4.9 million ($0.13/share) YoY.
- Non-GAAP EPS of $0.20 vs. $0.27 YoY, with reconciliation tables in earnings release.

**【Q&A Highlights】**
- Data center opportunity: compact form factors, high voltage management, DC-DC architectures.
- Military diversification: ship protection/powering systems, port construction.
- Semiconductor market: $2-10 million order sizes, similar potential in data centers.
- U.S. Navy contract: new ship class design, long-term potential.
- Order trends: $60+ million quarterly revenue, 33% YoY growth in new orders.


American Superconductor Corporation (AMSC) Q2 2026 Earnings Call Transcript

Grid

Wind

AMSC

AMSC fundamentals

You can ask Aime