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Q3 26 EPS
$2.75
BEAT +1,733.33%
Est. $0.15
Q3 26 Revenue
$74.5M
BEAT +7.96%
Est. $69.0M
vs S&P Since Q3 26
+10.0%
BEATING MARKET
AMSC +20.2% vs S&P +10.3%
Market Reaction
Did AMSC Beat Earnings? Q3 2026 Results
American Superconductor delivered a blowout fiscal third quarter, posting non-GAAP earnings of $2.75 per diluted share against a consensus estimate of just $0.15, a beat of 1,733.33%, while revenue of $74.53 million topped estimates by 7.96% and clim… Read more American Superconductor delivered a blowout fiscal third quarter, posting non-GAAP earnings of $2.75 per diluted share against a consensus estimate of just $0.15, a beat of 1,733.33%, while revenue of $74.53 million topped estimates by 7.96% and climbed 21.4% year-over-year from $61.40 million. The headline EPS figure was supercharged by a $113.10 million discrete tax benefit tied to the release of a valuation allowance on a deferred tax asset, a move that signals management's confidence in the company's shift toward sustained profitability; on a GAAP basis, net income reached $117.81 million, or $2.62 per diluted share, compared to $2.46 million a year ago. The Grid segment led the way at $63.19 million in revenue, supported by organic growth and an initial contribution from the Comtrafo acquisition, which closed in early December. While some analysts have noted earnings quality concerns given the non-cash nature of the tax benefit, the company's 12-month backlog exceeding $250.00 million and Q4 revenue guidance above $80.00 million suggest the underlying business momentum remains intact.
Key Takeaways
- • Organic revenue growth exceeding 20% year-over-year
- • Gross margin exceeding 30%
- • $113.1 million discrete tax benefit from release of valuation allowance on deferred tax asset
- • Comtrafo acquisition contributing partial revenue in final weeks of Q3
- • Strong market demand driving bookings and robust 12-month backlog exceeding $250 million
AMSC YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
AMSC Revenue by Segment
With YoY comparisons, source: SEC Filings
“AMSC delivered an outstanding third quarter. We grew revenue by more than 20% year-over-year, and marked our sixth consecutive quarter of profitability and our tenth of non-GAAP profitability. Reflecting our shift to profitability, we also recorded a tax benefit event this quarter. Again, gross margin exceeded 30% and we ended the quarter with over $145 million in cash after completing the acquisition of Comtrafo. Strong market demand drove bookings resulting in a robust 12-month backlog of over $250 million. Revenue through the past nine months nearly matches our total revenue for the entire prior fiscal year, highlighting our company's financial and end-market momentum.”
— Daniel P. McGahn, Q3 2026 Earnings Press Release
AMSC Earnings Trends
AMSC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMSC EPS Trend
Earnings per share: estimate vs actual
AMSC Revenue Trend
Quarterly revenue: estimate vs actual
AMSC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.19 | $0.30 | +55.20% | $86.4M | +5.93% |
| FY Full Year | $3.46 | $3.60 | +3.95% | $299.2M | +1.65% |
| Q3 26 BEAT | $0.15 | $2.75 | +1,733.33% | $74.5M | +7.96% |
| Q2 26 BEAT | $0.15 | $0.20 | +30.46% | $65.9M | -2.04% |
| Q1 26 BEAT | $0.12 | $0.29 | +141.67% | $72.4M | +11.38% |
| Q4 25 BEAT FY | $0.10 | $0.12 | +24.10% | $66.7M | +10.60% |
| FY Full Year | $0.61 | $0.64 | +5.49% | $222.8M | +2.95% |