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American Superconductor (AMSC) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Nov 4, 2026 · American Superconductor (AMSC) Q2 FY27 earnings results →

Q2 FY27 Revenue up 43% year over year to $94.0M · 3¢ of every $1 of revenue kept as net profit · operating margin 5.7%

American Superconductor made $94.0M in Q2 FY27 (+43% Y/Y): Grid $76.7M, Wind $17.4M. Operating margin 5.7%, net earnings $3.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$94.0M
Year over year+43%
Operating margin5.7%
Net earnings$3.0M
Operating cash flow—

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $94.0M in Q2 FY27, up 43% year over year and roughly flat from the previous quarter. Grid was the largest line at 82% of revenue. Grid added $22.3M year over year (up 41%), 79% of the total change.

Gross margin was 28.2%, down 2.8 points from Q2 FY26. Operating profit was $5.4M, a 5.7% margin (up 1.2 points year over year). Of the extra revenue versus Q2 FY26, 9% reached operating profit, above the 5% margin then. Operating expenses grew 21% against revenue growth of 43%. Net earnings were $3.0M, down 37% year over year. The effective tax rate was 53.1%.

Quarterly history

American Superconductor revenue by quarterAmerican Superconductor revenue by quarter$66.7MQ4 FY25$72.4MQ1 FY26$65.9MQ2 FY26$74.5MQ3 FY26$86.4MQ4 FY26$94.1MQ1 FY27$94.0MQ2 FY27
American Superconductor net earnings by quarterAmerican Superconductor net earnings by quarter$1.2MQ4 FY25$6.7MQ1 FY26$4.8MQ2 FY26$118MQ3 FY26$4.5MQ4 FY26$9.5MQ1 FY27$3.0MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QNov 4, 2026$94.0M+43%5.7%$3.0M—
Q1 FY2710-QAug 5, 2026$94.1M+30%10.5%$9.5M$16.0M
Q4 FY2610-KMay 27, 2026$86.4M+30%-0.6%$4.5M$9.3M
Q3 FY2610-QFeb 4, 2026$74.5M+21%4.5%$118M$3.2M
Q2 FY2610-QNov 5, 2025$65.9M+21%4.5%$4.8M$6.5M
Q1 FY2610-QJul 30, 2025$72.4M+80%7.8%$6.7M$4.1M
Q4 FY2510-KMay 21, 2025$66.7M+59%2.5%$1.2M$6.3M

Charts

American Superconductor: revenue growth, year over year and quarter over quarterAmerican Superconductor: revenue growth, year over year and quarter over quarterY/YQ/Q+59%Q4 FY25+80%+9%Q1 FY26+21%-9%Q2 FY26+21%+13%Q3 FY26+30%+16%Q4 FY26+30%+9%Q1 FY27+43%0%Q2 FY27
Latest (Q2 FY27): Y/Y +43%, Q/Q 0%.
American Superconductor: where the cash came from (+) and went (−), FY26American Superconductor: where the cash came from (+) and went (−), FY26Other financing$125MAcquisitions−$72.1MCash drawn (+) / kept (−)−$62.2MOperating cash flow$23.1MNet borrowing (+) / repaid (−)−$8.8MCapital spending−$4.9MOther investing−$98KExchange rates$24K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
American Superconductor: profit against cash, quarter by quarterAmerican Superconductor: profit against cash, quarter by quarterNet incomeOperating cash flow$2.5M$5.9MQ3 FY25$1.2M$6.3MQ4 FY25$6.7M$4.1MQ1 FY26$4.8MQ2 FY26$118M$3.2MQ3 FY26$4.5M$9.3MQ4 FY26$9.5M$16.0MQ1 FY27$3.0MQ2 FY27
Latest (Q2 FY27): Net income $3.0M, Operating cash flow —.
American Superconductor: diluted shares by fiscal yearAmerican Superconductor: diluted shares by fiscal year0MFY2127MFY2228MFY2330MFY2438MFY2544MFY26
+183751.9% since FY21: more shares outstanding (issuance, stock pay).
American Superconductor in its industry: growth against margin (5 companies, SIC 3621)American Superconductor in its industry: growth against margin (5 companies, SIC 3621)revenue growth, year over year →↑ operating marginmedian +43%median 12%GNRCINIOFELESCWOAMSC (+43%, 6%)
Motors & Generators; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About American Superconductor

Guided by a belief in the power of next, AMSC is a leading provider of power controls solutions that apply innovation and creativity to address today's challenges and enable a more resilient and sustainable energy future. Driven by the purpose "to power progress," the Company integrates future-facing technologies to balance the global demand for clean energy with reliable, efficient power delivery. AMSC delivers advanced grid systems and engineering services to optimize network reliability, provides ship protection and power management solutions to enhance fleet efficiency and safety, and supplies electronic controls and designs that reduce wind energy costs. Beyond these systems, the Company provides capabilities in industrial process and control alongside environmental and emission control to ensure operational efficiency across the entire energy infrastructure.

In its own words, from its 8-K, filed Aug 5, 2026.

American Superconductor against its Motors & Generators peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +43% against the peers' median +43%. Operating margin: 5.7% against the peers' median 12.4%.

CompanyQuarterRevenueY/YOp. margin
AMSC American SuperconductorQ2 FY27$94.0M+43%5.7%
GNRC Generac HoldingsQ3 2026$1.3B+16%12.4%
INIO Innio N.V.Q3 2026$1.2B+57%16.6%
FELE Franklin ElectricQ3 2026$634M+9%13.7%
SCWO 374WaterQ2 2026$2.3M+280%-71.7%

Source: American Superconductor 10-Q on SEC EDGAR · CIK 880807 · Motors & Generators

Guidance and outlook

American Superconductor Revenue: guidance against what was reportedAmerican Superconductor Revenue: guidance against what was reportedguided rangereported (above / within / below)Q1 FY27$94.1MQ2 FY27$94.0MQ3 FY27
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
American Superconductor: what its forward-looking statements are about (10-Q filed 2026-11-04)American Superconductor: what its forward-looking statements are about (10-Q filed 2026-11-04)Demand1Other1Deals1Financing1Costs1
5 statements; tone +0.00 (−1 all cautious, +1 all confident); 3 hedged.
American Superconductor: outlook statements against the filing beforeAmerican Superconductor: outlook statements against the filing beforeConfident2Cautious2

13F: who owns AMSC and who is buying

Largest holders of AMSC (13F)Largest holders of AMSC (13F)BlackRock$170MVanguard Group$101MVanguard Capital Management LLC$84.4MUBS Group AG$59.3MVanguard Portfolio Management LLC$58.9MState Street$56.4MGoldman Sachs Group$53.7MGeode Capital Management, LLC$51.6MFirst Trust Advisors LP$48.5MOberweis Asset Management$41.0M
Funds' net buying of AMSC by quarter (13F)Funds' net buying of AMSC by quarter (13F)−$19.3M2024-09−$20.9M2024-12$2.3M2025-03$183M2025-06$54.8M2025-09$2.6M2025-12−$55.3M2026-03$55.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AMSC

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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