Earnings Releases·Nov 4, 2026, 4:06 PM ET

AMSC — Second Quarter Fiscal 2026 Earnings Summary

Revenue reached $94.0 million, a 43% year-over-year increase driven by the Grid and Wind segments, while net income declined to $3.0 million ($0.06/share) from $4.8 million ($0.11/share) in the prior year period; non-GAAP net income remained flat at $9.1 million ($0.20/share).
Operating cash flow surged to $33 million for the quarter, more than quadrupling the prior year, and deferred revenue rose to $109.6 million as of September 30, 2026, reflecting strong order intake exceeding $95 million.
Management raised full-year expectations, projecting Q3 revenue to exceed $80.0 million and net income to surpass breakeven, with an anticipated average revenue of $90 million for the first three quarters of fiscal 2026.
Growth was supported by organic expansion and the acquisition of Comtrafo, alongside a $1.3 million benefit from changes in the fair value of contingent consideration, though the company notes risks related to supply chains, customer concentration, and geopolitical conflicts.