NASDAQ$AMSC

American Superconductor Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

AMSC reported its second quarter fiscal year 2025 financial results, showing significant revenue growth and continued profitability.

AMSC delivered a strong second quarter in fiscal year 2025, with revenue increasing over 20% year-over-year to $65.9 million. The company achieved its fifth consecutive quarter of profitability, reporting a net income of $4.8 million and a non-GAAP net income of $8.9 million, alongside an expanded gross margin exceeding 30%.

  • Revenue for Q2 FY2025 increased by over 20% year-over-year, reaching $65.9 million, driven by organic growth and the acquisition of NWL, Inc.
  • The company reported a net income of $4.8 million, marking its fifth consecutive quarter of profitability.
  • Non-GAAP net income for the quarter was $8.9 million, or $0.20 per share.
  • Gross margin expanded to over 30% in the second fiscal quarter.

Headline financials

Total Revenue

$65.9M

Previous: $54.5M+21.0%
EPS (adj)

$0.20

Previous: $0.27-25.9%
Stock-based compensation expense

$3.77M

No prior period
Amortization of acquisition intangibles

$337K

No prior period
Other expense, net

-$367K

No prior period
R&D expenses

$3.73M

No prior period
Change in fair value of contingent consideration

$0.00

No prior period
SG&A expenses

$13.4M

No prior period
Interest income, net

$2.27M

No prior period
Capital Expenditures

-$852K

Previous: -$147K-479.6%
Net Income

$4.8M

Previous: -$2.49M+293.2%
Operating Income

$2.97M

Previous: -$2.37M+225.2%
Gross Profit

$20.4M

Previous: $8.59M+138.1%

Revenue & EPS history

AMSC · Revenue · Quarterly

$65.9M

Q2 2025+21%vs Q2 2024
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

AMSC · $86.4M total across 2 segments · Q4 2025

  • Grid
    $73.7M+32.6%
  • Wind
    $12.7M+14.8%

Forward guidance

For the third quarter ending December 31, 2025, AMSC anticipates revenues between $65.0 million and $70.0 million. Net income is expected to exceed $2.0 million, or $0.05 per share, with non-GAAP net income projected to exceed $6.0 million, or $0.14 per share.

Tailwinds

  • Expected revenue range of $65.0 million to $70.0 million for Q3 FY2025.
  • Anticipated net income to exceed $2.0 million for Q3 FY2025.
  • Projected non-GAAP net income to exceed $6.0 million for Q3 FY2025.
  • Non-GAAP EPS expected to exceed $0.14 per share for Q3 FY2025.
  • Confidence in strong order demand across energy and military markets.

Headwinds

  • Potential for operating results to fluctuate significantly and fall below expectations.
  • History of negative operating cash flows, with potential need for additional financing.
  • Risk of technology and products infringing intellectual property rights of others.
  • Adverse effects from changes in exchange rates.
  • Dependence on third-party suppliers, making the company vulnerable to supply shortages and price fluctuations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.4%

Avg return

Earnings day

+3.4%

Avg return

5 days after

+4.3%

Avg return

30 days after

49%

31 / 63 earnings

Positive

+32.1%

Q3 2023

Best reaction

-38.5%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2026-8.0%-4.0%-7.7%
Q2 2025-38.5%-40.6%-45.4%
Q2 2026+5.6%-34.4%-42.3%
Q1 2025-1.1%-8.2%-12.6%
Q1 2026+1.1%+27.7%+14.8%
Q4 2024+4.2%+13.2%+25.7%
Q3 2025+3.4%-9.4%-10.6%
Q2 2024+1.8%+12.3%+41.4%
Q1 2024-8.3%-2.1%-7.9%
Q4 2023+9.5%+33.2%+48.1%
Q3 2023+32.1%+36.0%+28.0%
Q2 2023+15.9%+23.6%+56.0%
Q1 2023+11.3%+15.7%-7.4%
Q4 2022+29.8%+53.3%+47.6%
Q3 2022-1.3%+17.5%-1.1%
Q2 2022-19.7%-17.7%-12.6%
Q4 2021+18.4%+12.9%-9.0%
Q3 2021-8.9%-9.0%-8.3%
Q2 2021-2.3%-9.1%-31.8%
Q1 2021-7.1%+1.0%+5.0%
Q4 2020-15.3%+6.9%+15.3%
Q1 2020+12.7%+18.6%+19.5%
Q4 2019-6.1%+3.4%+1.6%
Q3 2019+16.2%+14.9%+11.4%
Q2 2019-2.2%-3.6%-8.5%
Q1 2019+14.5%+7.9%+2.0%
Q4 2018-16.1%-17.0%-2.7%
Q3 2018+8.0%+12.1%+13.8%
Q2 2018+23.8%+21.5%+43.4%
Q1 2018+14.4%+12.4%+26.0%
Q4 2017-6.6%-5.8%-17.1%
Q3 2017-11.8%-15.1%-0.8%
Q2 2017-12.4%-13.8%-24.8%
Q1 2017+9.3%+7.0%+38.1%
Q4 2016+2.2%-1.7%+8.7%
Q3 2016-3.6%-5.4%-14.6%
Q2 2016+8.6%+22.9%+26.0%
Q1 2016-22.9%-27.4%-21.4%
Q4 2015-11.4%-17.1%-19.2%
Q3 2015-1.2%
Q2 2015-15.6%
Q1 2015-8.7%
Q4 2014-4.5%
Q3 2014+2.7%
Q2 2014+6.2%
Q1 2014-14.5%
Q4 2013+2.2%
Q3 2013+7.7%
Q2 2013-8.5%
Q1 2013-2.7%
Q4 2012-13.2%
Q3 2012+11.3%
Q2 2012-4.1%
Q1 2012+13.0%
Q3 2010+4.3%
Q4 2009+4.3%
Q4 2011+4.3%
Q3 2011-0.7%
Q2 2011+2.3%
Q2 2010+2.3%
Q1 2011-0.5%
Q1 2010-0.5%
Q4 2010-0.5%

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