American Superconductor Corp

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.