American Superconductor FY26 Q1 net income rises 41% to $9.49 million; revenue climbs 30% year-over-year to $94.07 million
Reuters2026/08/05 20:38- American Superconductor posted Q1 FY2026 revenue up 30% year over year to USD 94.1 million, exceeding USD 90 million for the first time.
- Net income rose 41.1% to USD 9.5 million, lifting GAAP EPS to USD 0.21.
- Operating cash flow more than doubled to USD 16 million, while total orders topped USD 130 million and 12-month backlog exceeded USD 300 million.
- CEO Daniel P. McGahn cited demand led by utility-sector mining developments and traditional energy markets, adding the company expects gross margin improvement in the second half.
- For Q2, AMSC forecast revenue above USD 85 million, net income above USD 1 million, and non-GAAP net income above USD 8 million.
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