Filing Flows › American Superconductor (AMSC) › Q4 FY26
American Superconductor (AMSC) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 27, 2026
American Superconductor (AMSC) reported revenue of $86.4M for the fourth quarter fiscal 2026 (Q4 FY26), +30% from a year earlier and +16% from the quarter before. Operating margin was -0.6%, net earnings $4.5M (5.2% of revenue).
American Superconductor, Q4 FY26: revenue $86.4M (+30% year over year), operating margin -0.6%, net earnings $4.5M, operating cash flow $9.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.4M | +16% | +30% |
| Operating profit | −$522K | -116% | -132% |
| Net earnings | $4.5M | -96% | +276% |
| Operating cash flow | $9.3M | +186% | +48% |
| Free cash flow | $7.5M | +218% | +43% |
What changed
Revenue was $86.4M in Q4 FY26, up 30% year over year and up 16% from the previous quarter. Grid was the largest line at 85% of revenue.
Gross margin was 27.3%, up 0.8 points from Q4 FY25. Operating costs exceeded revenue by $522K, an operating margin of -0.6%. Operating expenses grew 50% against revenue growth of 30%. The fastest-growing cost line was Other operating costs (+1107%). Net earnings were $4.5M, up 276% year over year.
Operating cash flow was $9.3M (up 48% year over year), 205% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $1.8M left free cash flow of $7.5M.
Questions
What was American Superconductor's revenue in the fourth quarter fiscal 2026?
American Superconductor (AMSC) reported revenue of $86.4M for the fourth quarter fiscal 2026 (Q4 FY26), +30% from a year earlier and +16% from the quarter before.
Was American Superconductor profitable in the fourth quarter fiscal 2026?
Operating loss was $522K (-0.6% of revenue) and net earnings $4.5M.