American Superconductor Earnings Call Transcripts
Fiscal Year 2026
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Record FY25 revenue grew 34% to $299M, with strong grid and wind business growth, a 40% increase in 12-month backlog, and successful Comtrafo integration. FY26 outlook remains robust, with continued profitability and expansion into data centers and Latin America.
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Q3 FY 2025 revenue grew over 20% year-over-year to $74.5 million, with strong gross margins and profitability. The Comtrafo acquisition expanded utility market reach, and guidance for Q4 projects revenue above $80 million. Cash remains strong after acquisition outflows.
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Q2 revenue grew over 20% year-over-year to $65.9 million, with strong profitability and a diverse revenue mix across grid, wind, materials, and military sectors. Guidance for Q3 anticipates continued revenue strength and profitability, supported by a robust backlog and expanding opportunities in data centers and military contracts.
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Record quarterly revenue and profitability driven by strong organic growth in grid and materials sectors, with gross margin reaching 34%. Backlog and cash position remain robust, and management guides for continued strength and margin sustainability.
Fiscal Year 2025
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The acquisition of a leading Brazilian transformer manufacturer expands the product portfolio and market reach into Latin America, with immediate accretion and strong growth prospects. The deal is valued at $162 million plus earnout, with phased integration and a focus on scaling in Brazil before broader expansion.
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Record revenue and profitability were achieved, with Q4 revenue up 59% and full-year revenue up 53% year-over-year. Strong order growth, especially from semiconductors and defense, drove a backlog over $200 million and set the stage for continued expansion.
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Record quarterly revenue and net income driven by strong grid and wind performance, with significant backlog and robust cash flow. Guidance points to continued growth, supported by successful acquisitions and expanding opportunities in industrial, data center, and semiconductor markets.
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Record quarterly revenue and strong order momentum were driven by organic growth and the NWL acquisition, with both grid and wind segments expanding. Gross margin improved, cash flow was robust, and the backlog exceeded $300 million, positioning the business for continued growth.
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Q1 2024 revenue grew over 30% year-over-year to $40.3 million, with gross margin expanding to 30%. Record orders and the NWL acquisition are expected to accelerate growth and diversify revenue, with strong momentum in both military and industrial sectors.