AMSC Q3 revenue rises 21%, driven by Comtrafo acquisition

American Superconductor

04/02/2026 21:16

Overview

Power resiliency solutions firm's Q3 revenue rose over 20%, beating analyst expectations

Record profitability driven by discrete tax benefit

Company completed acquisition of Comtrafo, contributing to revenue growth

Outlook

AMSC expects Q4 revenue to exceed $80 mln

Company forecasts Q4 net income over $3 mln, or $0.07 per share

AMSC anticipates Q4 non-GAAP net income over $8 mln, or $0.17 per share

Result Drivers

ORGANIC GROWTH AND ACQUISITION - Revenue increase driven by organic growth and acquisition of Comtrafo, which contributed to Q3 results

TAX BENEFIT - Record profitability attributed to a $113.1 million tax benefit from the release of a valuation allowance on a deferred tax asset

STRONG GROSS MARGIN - Gross margin exceeded 30%, reflecting strong operational performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$74.53 mln
$69.18 mln (4 Analysts)
Q3 Net Income
$117.81 mln
Q3 Operating Expenses
$19.49 mln
Q3 Operating Income
$3.36 mln
Q3 Pretax Profit
$5.43 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for American Superconductor Corp is $57.50, about 91.7% above its February 3 closing price of $30.00

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 74 three months ago

Press Release: ID:nGNX3lrw6G

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)