AMSC Q1 revenue rises 30% to $94.1 million; GAAP net income $9.5 million
American Superconductor reported first-quarter fiscal 2026 revenue of $94.1 million, up from $72.4 million a year earlier, with GAAP net income of $9.5 million compared with $6.7 million. Non-GAAP net income fell to $7.6 million from $11.6 million, and the company expects second-quarter revenue to exceed $85.0 million and GAAP net income to exceed $1.0 million.
Key points
- Revenue was $94.1 million versus $72.4 million a year earlier, up 30%, with the company citing organic growth and the Comtrafo acquisition.
- GAAP net income was $9.5 million, or $0.20 per diluted share, versus $6.7 million, or $0.17, a year earlier; non-GAAP net income was $7.6 million versus $11.6 million.
- For the quarter ending September 30, 2026, the company expects revenue above $85.0 million and GAAP net income above $1.0 million ($0.02 per share).
- At the July 31, 2026 annual meeting, all seven director nominees were elected and RSM US LLP was ratified as auditor; say-on-pay was approved by 27,661,731 votes for and 1,724,917 against.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.