Overview
AMSC fiscal Q1 rev grows 80% yr/yr, beating analyst expectations, per LSEG data
Net income for fiscal Q1 reaches $6.7 mln, marking fourth consecutive profitable qtr
Non-GAAP net income for fiscal Q1 exceeds $11 mln, reflecting strong performance
Outlook
AMSC expects Q2 revenue between $65 mln and $70 mln
Company anticipates Q2 net income to exceed $2 mln, or or $0.05 per share
AMSC forecasts Q2 non-GAAP net income over $6 mln, or $0.14 per share
Result Drivers
SEMICONDUCTOR MARKET - Strength in semiconductor market driven by demand for AI and data centers contributed to revenue growth
ACQUISITION IMPACT - Revenue growth partly due to acquisition of NWL, Inc.
ORGANIC GROWTH - Organic growth played a significant role in revenue increase
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$72.36 mln
$65 mln (3 Analysts)
Q1 Net Income
$6.72 mln
Q1 Operating Expenses
$18.84 mln
Q1 Operating Income
$5.64 mln
Q1 Pretax Profit
$6.92 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $40.00, about 8.7% below its July 29 closing price of $43.48
The stock recently traded at 76 times the next 12-month earnings vs. a P/E of 32 three months ago
Press Release: ID:nGNX4f2L3h
(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.)