Q4 2025 American Superconductor Corp Earnings Call Transcript

May 28, 2026 / 02:00 PM GMT

Release Date Price: $51.33 (-2.56%)

Transcript 10-K8-K

Key Points

Positve

American Superconductor Corp (AMSC) reported record revenue for the fourth quarter of fiscal 2025, surpassing $85 million, marking a nearly 30% increase over the previous year.
The company achieved seven consecutive quarters of GAAP profitability and 11 consecutive quarters of non-GAAP profitability, indicating strong financial health.
AMSC's grid business revenue grew by more than 30%, and wind business revenue increased by 15% compared to the previous year.
The acquisition of Contrafo expanded AMSC's transformer product portfolio and reach into Brazil and Latin America, creating new opportunities in utilities and grid expansion.
AMSC ended fiscal 2025 with a robust 12-month backlog of over $280 million, a 40% increase from the previous year, providing strong visibility into future revenue.

Negative

Operating expenses increased significantly, with research and development and SG&A expenses totaling $73.4 million for fiscal 2025, up from $54.5 million in fiscal 2024.
The company incurred a $4.2 million loss on contingent consideration related to the Contrafo acquisition, impacting net income.
AMSC's net income for fiscal 2025 included a significant tax benefit of $118.4 million due to the release of a valuation allowance on deferred tax assets, which may not be sustainable in future periods.
The integration of Contrafo is still in its early stages, and there may be challenges in fully realizing the potential benefits of this acquisition.
Despite strong revenue growth, the company's gross margin for the fourth quarter was impacted by purchase accounting and non-cash adjustments related to Contrafo, affecting profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMSC.OQ - American Superconductor Corp
Q4 2025 American Superconductor Corp Earnings Call
May 28, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the AMSC Fourth Quarter Fiscal 2025 Financial Results Conference Call.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press then one on your telephone keypad.

To withdraw your question, please press then two. Please note, this event is being recorded.

I would now turn the conference over to Nicole Rolles, Director of Communications. Please go ahead.

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