American Superconductor

American Superconductor (AMSC) Q2 2026 Earnings

Reported Nov 5, 2025 at 4:09 PM ET · SEC Source

Q2 26 EPS

$0.20

BEAT +30.46%

Est. $0.15

Q2 26 Revenue

$65.9M

MISS 2.04%

Est. $67.2M

vs S&P Since Q2 26

-32.7%

TRAILING MARKET

AMSC -22.0% vs S&P +10.7%

Market Reaction

Did AMSC Beat Earnings? Q2 2026 Results

American Superconductor delivered a mixed but largely encouraging fiscal second quarter, beating Wall Street's earnings target while falling just short on revenue, a combination that sent shares sharply lower despite underlying business momentum that… Read more American Superconductor delivered a mixed but largely encouraging fiscal second quarter, beating Wall Street's earnings target while falling just short on revenue, a combination that sent shares sharply lower despite underlying business momentum that tells a more nuanced story. The company posted non-GAAP EPS of $0.20, clearing the $0.15 consensus estimate by 30.46%, while revenue of $65.86 million grew 20.9% year over year but came in roughly 2% below the $67.23 million analysts had expected. The Grid segment, which contributed $54.34 million of the quarter's total, was the primary engine of that growth, complemented by the NWL, Inc. Acquisition and a Wind segment that rose to $11.52 million from $7.54 million a year ago. Gross margin expanded past 30% and operating income swung to a positive $2.96 million from a loss of $753,000 in the prior-year period, underscoring improving cost leverage. Looking ahead, management guided Q3 revenue of $65.00 million to $70.00 million, with non-GAAP net income expected to exceed $6.00 million, or $0.14 per share, signaling continued profitability into the next quarter.

Key Takeaways

  • Organic revenue growth and contribution from the NWL, Inc. acquisition
  • Strong order demand across energy and military markets
  • Gross margin expansion surpassing 30%
  • Fifth consecutive quarter of profitability
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AMSC YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

AMSC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q4 26

“AMSC grew second quarter revenue by over 20% year-over-year, generated net income of nearly $5 million marking our fifth consecutive quarter of profitability and achieved expanded gross margins surpassing 30%.”

— Daniel P. McGahn, Q2 2026 Earnings Press Release