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

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Superconductor Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608051605PRIMZONEFULLFEED9804539) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

American Superconductor FY26 Q1 net income rises 41% to $9.49 million; revenue climbs 30% year-over-year to $94.07 million

You may also like

Crypto prices