AMSC Q1 Revenue Beats at $94M, Guides Q2 Above $85M on Record Orders
AMSC sits 23% above its 52-week low of $24.87.
Summary
AMSC reported fiscal Q1 revenue of $94.07M, up 30% YoY and beating the $87.8M consensus. The beat was driven by organic growth and the Comtrafo acquisition. Non-GAAP net income fell to $7.6M from $11.6M a year ago, but record orders above $130M — led by utility-sector mining developments — signal strong demand. Q2 guidance calls for revenue above $85M and non-GAAP net income above $8M. Operating cash flow nearly quadrupled, reflecting accelerated market demand. This follows the $25M mining contract announced in late July and the strong FY2026 results reported in May.
At the time of this announcement, AMSC was trading at $30.50 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $24.87 to $70.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.