Companies /Industrials

American Superconductor Corp

NASDAQ: AMSC Specialty Industrial Machinery
$29.01
▲ $0.52 (+1.83%) today
Markets closed · 9:27pm ET

Q3 2026 Earnings

Reported Feb 4, 2026, 4:07pm ET · SEC source
$2.75
Beat +1,733.33%
EPS · est. $0.15
$74.5M
Beat +7.96%
Revenue · est. $69.0M
+14.4%
Beating market
AMSC vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−9%0+9%+18%Feb 4Feb 5report 4:07pm ETearnings−2.0%−14.8%
−9%0+9%+18%Feb 4Feb 5earnings−2.0%−14.8%
AMSC −14.8%S&P 500 −2.0%
−9%0+9%+18%Feb 4Feb 5report 4:07pm ETearnings−2.6%−14.8%
−9%0+9%+18%Feb 4Feb 5earnings−2.6%−14.8%
AMSC −14.8%NASDAQ −2.6%
−20%−10%0+10%Feb 3Feb 12report 4:07pm ETearnings−0.9%+0.8%
−20%−10%0+10%Feb 3Feb 12earnings−0.9%+0.8%
AMSC +0.8%S&P 500 −0.9%
−20%−10%0+10%Feb 3Feb 12report 4:07pm ETearnings−1.1%+0.8%
−20%−10%0+10%Feb 3Feb 12earnings−1.1%+0.8%
AMSC +0.8%NASDAQ −1.1%
−6.01%
Day of report
+8.55%
Next session
+23.12%
One week
+14.37%
30 days

S&P 500 over the same 30 days: −0.06%.

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 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 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.”

American Superconductor CEO, on the earnings call

Forward Guidance & Outlook

For Q4 fiscal 2025 (quarter ending March 31, 2026), AMSC expects revenues to exceed $80.0 million, GAAP net income to exceed $3.0 million or $0.07 per share, and non-GAAP net income to exceed $8.0 million or $0.17 per share. The company reported 12-month backlog of over $250 million driven by strong market demand.

AMSC YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$40.0M$80.0M$120.0M$61.4M$74.5MRevenue$16.3M$22.9MGross Profit$1.3M$3.4MOperating Income$2.5M$117.8MNet Income
$0$40.0M$80.0M$120.0MRevenueGross ProfitOperating IncomeNet Income

AMSC Revenue by Segment

Grid$63.2M
Wind$11.3M

Figures from SEC filings and company reports. Not investment advice.