Zacks Investment Research·Aug 26, 2026
Should You Avoid Investing in AMSC Stock After a Mixed Q1?AMSC posted record fiscal Q1 revenues, but sharp margin contraction, lower adjusted earnings and integration costs cloud the near-term outlook.
AMSC is capitalizing on accelerating demand for grid and industrial electrification, with revenue surging 30% YoY to $94.1M in 2026Q1 and operating margin expanding to 10.5% from 4.2% in the prior quarter. The company's debt-free balance sheet (D/E of 0.01) an...
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Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $0.16-21.0% vs $0.20 | $94M+8.0% vs $87M |
Q2 2026 May 27, 2026 | $0.30+57.9% vs $0.19 | $86M+5.2% vs $82M |
Q1 2026 Feb 4, 2026 | $2.75+1733.3% vs $0.15 | $75M+7.7% vs $69M |
Q4 2025 Nov 5, 2025 | $0.20+33.3% vs $0.15 | $66M-2.9% vs $68M |
AMSC posted record fiscal Q1 revenues, but sharp margin contraction, lower adjusted earnings and integration costs cloud the near-term outlook.
Bank of America Corp DE grew its holdings in American Superconductor Corporation (NASDAQ: AMSC) by 26.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,451 shares of the technology company's stock after buying an additional 43,883 shares during the
American Superconductor is evolving into a turnkey power project contractor, expanding wallet share and platform value beyond its core superconductivity products. AMSC's growth is driven by grid investment cycles, a robust $300M+ backlog, and strategic acquisitions like Comtrafo, enabling broader project scope and earlier customer engagement. Despite recent gross margin pressure (26.3%), I model FY revenue of ~$370M, normalized net income of ~$40M, and margin recovery as integration and factory productivity improve.
American Superconductor appears attractive on headline growth and margins, but deeper analysis reveals aggressive valuation and mixed underlying business performance. Q1 FY26 results showed strong Wind segment growth but weakness in legacy Grid and NWL, with revenue shifts and margin compression raising near-term concerns. Valuation models suggest up to 17% downside from current prices, as multiples on legacy businesses appear stretched and headline growth is acquisition-driven.
Benchmark AMSC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for American Superconductor Corporation (AMSC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $31.05 | $1.5B | 10.18 | 34.26% | 44.73% | 35.56% | — | |
| $51.05 | $2.84B | 130.90 | 5.85% | 5.58% | 3.72% | — | |
| $283.16 | $12.84B | 108.49 | 13.55% | 30.65% | 19.83% | — | |
| $52.39 | $1.04B | 17.94 | 6.77% | 16.28% | 29.03% | — | |
| $6.80 | $350.51M | 16.19 | -7.07% | 12.75% | 8.25% | — | |
| $9.78 | $275.1M | -9.23 | 5.64% | -0.3% | -1.86% | — |
American Superconductor Corporation (AMSC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
American Superconductor Corporation (AMSC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jun 2, 2026·SEC
May 27, 2026·SEC
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American Superconductor Corporation (AMSC) stock FAQ — growth, dividends, profitability & financials explained
American Superconductor Corporation (AMSC) reported $320.9M in revenue for fiscal year 2025. This represents a 2941% increase from $10.6M in 1996.
American Superconductor Corporation (AMSC) grew revenue by 34.3% over the past year. This is strong growth.
Yes, American Superconductor Corporation (AMSC) is profitable, generating $136.6M in net income for fiscal year 2025 (44.7% net margin).
American Superconductor Corporation (AMSC) has a return on equity (ROE) of 35.6%. This is excellent, indicating efficient use of shareholder capital.
American Superconductor Corporation (AMSC) generated $20.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
