American Superconductor Corp (MIL:1AMSC)

Q1 2026 American Superconductor Corp Earnings Call Transcript

Aug 6, 2026 / 02:00 PM GMT

Release Date Price: €28.91 (+1.62%)

Transcript 10-Q8-K

Key Points

Positve

American Superconductor Corp (AMSC) surpassed $90 million in quarterly revenue, representing 30% growth year-over-year.
The company achieved record quarterly bookings of over $130 million, with a robust 12-month backlog exceeding $300 million and total backlog over $400 million.
American Superconductor Corp (AMSC) secured a record $25 million turnkey order from a North American utility for a mining expansion, demonstrating the success of its integrated power solutions strategy.
The company generated $16 million in operating cash flow and ended the quarter with a strong balance sheet of over $150 million in cash and equivalents.
American Superconductor Corp (AMSC) delivered three consecutive years of non-GAAP profitability and two consecutive years of GAAP profitability, with strong growth in both its Grid (27%) and Wind (45%) business units.
The company sees significant long-term market tailwinds, including a $1.2 trillion global mining project pipeline and a 20% jump in global semiconductor capital expenditures to $200 billion.

Negative

Gross margin for the quarter was negatively impacted by an unfavorable product mix, which the company does not anticipate repeating next quarter.
Gross margin was also affected by approximately $1.5 million in purchase accounting and non-cash adjustments related to the Comtrafo acquisition, impacting margins by 160 basis points.
The company invested in additional direct labor in Brazil to support expected growth, which temporarily lowers factory productivity until new hires are fully integrated.
Q1 revenue was accelerated due to customer demand, pulling forward deliveries and making Q2 revenue guidance of over $85 million challenging and potentially lower sequentially.
Non-GAAP net income declined year-over-year to $7.6 million ($0.17 per share) from $11.6 million ($0.30 per share), partly due to a $2 million non-cash tax expense related to a contingent consideration adjustment.
The company noted that large turnkey orders like the $25 million utility project are not expected to become the norm, indicating potential variability in future order sizes.

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

AMSC.OQ - American Superconductor Corp
Q1 2026 American Superconductor Corp Earnings Call
Aug 06, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the AMSC 2026 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 EUR.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press the one on your telephone keypad to withdraw your question, please press 2, please note this event is being recorded.

I would now like to turn the conference over to Nicole Golez, director of communications, please go ahead.

Thank you, Amy, good morning, everyone, and welcome to American Superconductor Corporation's first quarter of fiscal year 2026

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