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AMSC American Superconductor News Story

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Brief: AMSC Q1 Net Income USD 6.724 Million

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

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$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.)

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