TLDR
- AMSC stock slips despite 30% Q4 revenue growth and stronger earnings
- Data center demand lifts AMSC backlog as shares fall pre-market
- AMSC reports record fiscal results, but stock drops before the open
- AMSC Q4 revenue jumps to $86.4M as backlog reaches about $280M
- AMSC shares fall even as Grid, Wind, and Comtrafo boost revenue
AMSC (AMSC) shares fell in pre-market trading despite stronger quarterly revenue and record full-year results. The stock dropped to $51.62, down $1.06, or 2.01%, after closing at $52.68. The move came as the company reported higher sales, stronger earnings, and rising demand from grid, wind, and data center markets.
American Superconductor Corporation, AMSC
AMSC Reports Strong Fourth-Quarter Revenue Growth
AMSC reported fourth-quarter revenue of $86.4 million for fiscal 2025. That marked a 30% increase from $66.7 million in the same period last year. The company linked the gain to organic growth across its Grid and Wind businesses.
The Comtrafo acquisition also added to quarterly revenue. Demand from utility and industrial customers supported the company’s broader sales base. AMSC said the business gained from traditional energy orders and data center demand.
Quarterly net income rose to $4.5 million, or $0.10 per share. That compared with $1.2 million, or $0.03 per share, in the prior-year period. Non-GAAP net income reached $14.1 million, or $0.31 per share.
Full-Year Results Show Higher Sales and Earnings
AMSC posted fiscal 2025 revenue of $299.2 million. That compared with $222.8 million in fiscal 2024, showing continued growth across core markets. The company said Grid and Wind revenue improved, while Comtrafo added extra support.
Full-year net income reached $133.8 million, or $3.12 per share. That compared with $6.0 million, or $0.16 per share, in fiscal 2024. The sharp increase came mainly from a non-cash tax benefit tied to deferred tax assets.
AMSC also reported non-GAAP net income of $158.1 million, or $3.68 per share. That compared with $24.0 million, or $0.65 per share, one year earlier. Cash, cash equivalents, and restricted cash totaled $147.6 million on March 31, 2026.
Data Center Demand Supports AMSC Outlook
AMSC ended fiscal 2025 with stronger orders and a larger backlog. Fourth-quarter orders neared $100 million, supported by traditional energy demand and utility-linked data center activity. Its 12-month backlog rose nearly 40% year over year to about $280 million.
The company serves power control markets across grid, wind, and industrial systems. Its products help customers manage complex energy systems without adding major operating size. That background places AMSC within markets tied to electrification, grid upgrades, and power reliability.
For the first quarter ending June 30, 2026, AMSC expects revenue above $85.0 million. It also expects net income above $3.0 million, or $0.07 per share. Non-GAAP net income should exceed $8.0 million, or $0.17 per share.
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