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American Superconductor Corp (AMSC) stock

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NASDAQ: AMSC Nasdaq Electrical Components & Equipment Next results ~November 4, 2026

B Fundamentals grade

American Superconductor Corp is a US-listed company in the electrical components & equipment industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$8.1

Cash-flow model

Base case. Range ~$6.8–$9.7 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 69% below it.

Price used: $26.35, November 2, 2026

American Superconductor Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds170 adding, 107 cuttingOf 40 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter American Superconductor files

Where American Superconductor stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $321m, up 25.9% on a year earlier, slower than the 34.3% growth a quarter earlier. Free-cash-flow margin fell to 6.4% from 10.2% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $7.86 a share, against a share price of $28.83. At that price, our model says the market is pricing in about 44.7% a year of cash-flow growth for five years, faster than the 24.2% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

American Superconductor Corp's trailing-twelve-month revenue grew 25.9% year on year, with a free-cash-flow margin of 6.4%. Where it stands out: net margin of 42.6% ranks 1 of 57 electrical components & equipment companies we cover.

Our discounted-cash-flow model values the business at ~$8.1 per share in the base case (~$6.8–$9.7 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 21.2% while net income grew 793.8%: a 815pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 25.9% over the last 12 months, against a median of 10.6% for electrical components & equipment companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $26.35 is 69% above our value per share of $8.
  • Growth slowing. The growth rate is 8.4 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 24.1% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 80% and a beta of 3.3 against the S&P 500.
  • Weak cash conversion. Free cash flow was 15% of net income over the last 12 months.

Latest results: FY2027 Q1

Filed August 5, 2026
Earnings per share
$0.16 against an average estimate of $0.21: missed by 22.6%
Revenue
$94m, up 30.0% on a year earlier
Share reaction
-1.6% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
net income $1m (second quarter of fiscal 2026); net income per share $0.02 (second quarter of fiscal 2026)
Next report
November 4, 2026; average EPS estimate $0.20

American Superconductor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.6%
  • 1 week+3.7%
  • 1 month-12.2%
  • This year-8.4%
  • 1 year-55.5%
  • 5 years+45.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$321M
Operating margin
4.9%
Net margin
42.6%

Growth

Revenue growth
+25.9%
Change in growth rate
−8.4 pts

Cash

Free cash flow (TTM)
$20.5M
FCF margin
6.4%
Stock pay % of revenue
5.6%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

American Superconductor Corp valuation models and calculator

What the price is pricing in

The share price implies about 44.0% a year of cash-flow growth for five years.That is faster than the 24.2% a year revenue growth American Superconductor has delivered.

  • Priced in44.0%
  • Last 12 months25.9%
  • 3 years a year41.4%
  • 5 years a year24.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($27.76, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$8.1
Price used
$27.76close November 3, 2026
Implied change
▼ 71%
Uncertainty
Low

How we got here: a discounted-cash-flow model of American Superconductor Corp's free cash flow after stock-based pay with after-tax interest added back ($7.9M, FY2027 Q1 TTM), growing 16.8% and 13.6% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$6.8–~$9.7 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of American Superconductor Corp's free cash flow after stock-based pay ( $7.9M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value American Superconductor Corp as an operating company, with every model that fits that kind of business. Cost of equity 12.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.66 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$8.1 ~$6.8–$9.7 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$9.3–$15 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$24 ~$19–$34 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$13 ~$8.1–$24 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare American Superconductor Corp with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −21%
  • Revenue growth 5 points higher ▲ +27%
  • Free-cash-flow margin 1 point lower ▼ −14%
  • Last year's free-cash-flow margin change, if it persists ▼ −34%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$6$7$9$11$13
8.5% $5$5$6$7$8$10
10% $4$5$5$6$7$9

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$7.60$6.86$5.82$12.86$5.48$18.96$7.61$4.91$13.51$18.14$33.85
Market value$100m$95m$110m$267m$115m$453m$207m$137m$403m$684m$1.5bn
+ Net debt (− = net cash)−$35m−$25m−$34m−$77m−$25m−$68m−$40m−$23m−$90m−$79m−$133m
Enterprise value$65m$69m$76m$189m$91m$385m$167m$113m$312m$605m$1.4bn
Multiples
Price / sales 1.0x1.3x2.3x4.7x1.8x5.2x1.9x1.3x2.8x3.1x5.0x
Price / earnings ———10.0x—————113.4x11.1x
Price / free cash flow ———6.4x————n/m26.4x81.4x
EV / EBITDA ———4.9x—————134.9x71.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

24 /100

Weak moat

How hard American Superconductor's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -5.2% of total assets over 10 years.

  • Pricing power 3 / 20

    Gross margin has been a median 21.9%, moving by 7.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -23.6%; its worst year was -46.5%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -11.6% of revenue.

  • Discipline 7 / 20

    The diluted share count rose 68.9% over five years; stock-based pay has been a median 4.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $88m and EPS of $0.20 (range $0.17 to $0.23) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.88 −76% $368m +23%
Next $1.35 +54% $424m +15%

Next year's EPS estimate has moved −2.0% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −16.5% on 90 days ago. In the last 30 days, 0 analysts raised American Superconductor Corp's forecast and 3 cut it.

Consensus EPS forecast American Superconductor Corp, last 90 days
$0.80 $1.00 $1.20 $1.40 $1.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.06 Current fiscal year, 60 days ago: $1.05 Current fiscal year, 30 days ago: $1.05 Current fiscal year, 7 days ago: $1.00 Current fiscal year, Now: $0.88 $0.88 Next fiscal year, 90 days ago: $1.38 Next fiscal year, 60 days ago: $1.48 Next fiscal year, 30 days ago: $1.48 Next fiscal year, 7 days ago: $1.41 Next fiscal year, Now: $1.35 $1.35

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.06$1.38
60 days ago $1.05$1.48
30 days ago $1.05$1.48
7 days ago $1.00$1.41
Now $0.88$1.35

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.21 $0.16 −22.6%
Mar 2026 $0.19 $0.30 +55.2%
Dec 2025 $0.15 $2.75 +1733.3%
Sept 2025 $0.15 $0.20 +30.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • net income per share second quarter of fiscal 2026 about $0.02 GAAP
    “The Company's net income for the second quarter of fiscal 2026 is expected to e xceed $1.0 million, or $0.02 per share.” source
  • non-GAAP net income per share second quarter of fiscal 2026 about $0.17 Non-GAAP
    “The Company's non-GAAP net income (as defined below) is expected to exceed $8.0 million, or $0.17 per share .” source
  • net income second quarter of fiscal 2026 about $1m GAAP
    “The Company's net income for the second quarter of fiscal 2026 is expected to e xceed $1.0 million, or $0.02 per share.” source
  • non-GAAP net income second quarter of fiscal 2026 about $8m Non-GAAP
    “The Company's non-GAAP net income (as defined below) is expected to exceed $8.0 million, or $0.17 per share .” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows American Superconductor Corp's revenue by +16.8% next year and +13.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+19.1%, weight 62%) and the company's own record (+13.0%, weight 38%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202644
  2. Sep 202644
  3. Aug 202644

Counts of recommendations published by analysts covering American Superconductor Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.8%
of tradable shares
Days to cover
5.2
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
75%
of shares
Held by insiders
3.4%
of shares
Employees
1,195
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −55.5%

$59.23 on October 31, 2025 to $26.35

ThenNowEffect
Revenue (last 12 months) $255m $321m +25.9%
Net margin 6.0% 42.6% +610.0%
P/E multiple 146.7x 8.5x −94.2%
Share count 38m 44m −14.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AMSC−54%−66%+203%+121%+17%−8%
Industry peers (median)−4%−30%−18%−8%+11%−36%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AMSC33%33%50%67%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AMSC−64%−70%−64%−43%−57%−57%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 89% from January 7, 2021 to December 13, 2022. Getting back needed a 814% gain, reached on July 15, 2024, 580 days after the low.

Price behaviour

52-week range
$25.01 – $60.63
From 52-week high
−56.5%
vs 50-day average
−8.1%
vs 200-day average
−25.4%
Volatility (1 year)
80%
Beta vs S&P 500
3.34

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±15.8%
After a week
9 up, 3 down
typical move ±18.9%
After a month
6 up, 6 down
typical move ±29.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −1.6% −0.4% −3.5% −13.3%
May 27, 2026 −3.4% +0.5% −12.1% −25.2%
February 4, 2026 −13.5% −1.7% +14.2% −7.7%
November 5, 2025 −35.1% −0.7% −37.5% −42.3%
July 30, 2025 +30.7% −0.5% +26.2% +23.8%
May 21, 2025 +2.1% −1.6% +13.6% +31.4%
February 5, 2025 +35.2% +0.8% +19.9% −24.0%
October 30, 2024 +1.8% −2.3% +18.9% +41.4%
August 6, 2024 −8.3% +0.2% +1.3% −7.9%
May 29, 2024 +9.5% −1.4% +40.3% +46.8%
January 24, 2024 +32.1% +0.7% +9.7% +28.0%
November 1, 2023 +15.8% +3.0% +29.7% +56.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How American Superconductor Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

AMSC American Superconductor Corp Grade B $27.40

Own 100 shares, sell the $33.00 call expiring December 18, 2026 (45 days) for $1.20 a share — $120 per contract.

Bid $1.20, ask $1.55, quoted Tue 3 Nov, 14:16 New York time with AMSC at $27.40. Option prices move with the shares: check the live chain at your broker before trading.

  • If AMSC ends below $33.00: you keep your shares and the $120 — 4.4% extra on the position, 35.5% a year at that pace.
  • If it ends above $33.00: your shares are sold at $33.00, a total return of 24.8% including the premium — at or above our value of ~$8.1.
$681 $0 −$524 Break-even $26.20 Price $27.40 ← Our value ~$8.1
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$120
Annualised
35.5%
Break-even
$26.20
Max gain
$680.5
Chance of selling
~31%

Results are expected around November 4, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

American Superconductor Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) American Superconductor Corp
$100M $200M $300M $400M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $119.9M Revenue (TTM), FY24 Q3: $135.4M Revenue (TTM), FY24 Q4: $145.6M Revenue (TTM), FY25 Q1: $155.7M Revenue (TTM), FY25 Q2: $176.1M Revenue (TTM), FY25 Q3: $198.2M Revenue (TTM), FY25 Q4: $222.8M Revenue (TTM), FY26 Q1: $254.9M Revenue (TTM), FY26 Q2: $266.3M Revenue (TTM), FY26 Q3: $279.4M Revenue (TTM), FY26 Q4: $299.2M Revenue (TTM), FY27 Q1: $320.9M $320.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $119.9M
FY24 Q3 $135.4M
FY24 Q4 $145.6M
FY25 Q1 $155.7M
FY25 Q2 $176.1M
FY25 Q3 $198.2M
FY25 Q4 $222.8M
FY26 Q1 $254.9M
FY26 Q2 $266.3M
FY26 Q3 $279.4M
FY26 Q4 $299.2M
FY27 Q1 $320.9M
Revenue growth, TTM YoY American Superconductor Corp
0% 20% 40% 60% 80% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 13.7% Revenue growth, TTM YoY, FY24 Q3: 32.0% Revenue growth, TTM YoY, FY24 Q4: 37.4% Revenue growth, TTM YoY, FY25 Q1: 37.1% Revenue growth, TTM YoY, FY25 Q2: 46.9% Revenue growth, TTM YoY, FY25 Q3: 46.4% Revenue growth, TTM YoY, FY25 Q4: 53.0% Revenue growth, TTM YoY, FY26 Q1: 63.7% Revenue growth, TTM YoY, FY26 Q2: 51.2% Revenue growth, TTM YoY, FY26 Q3: 41.0% Revenue growth, TTM YoY, FY26 Q4: 34.3% Revenue growth, TTM YoY, FY27 Q1: 25.9% 25.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 13.7%
FY24 Q3 32.0%
FY24 Q4 37.4%
FY25 Q1 37.1%
FY25 Q2 46.9%
FY25 Q3 46.4%
FY25 Q4 53.0%
FY26 Q1 63.7%
FY26 Q2 51.2%
FY26 Q3 41.0%
FY26 Q4 34.3%
FY27 Q1 25.9%
Operating margin (TTM) American Superconductor Corp
-20% -10% 0% 10% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: -19.8% Operating margin (TTM), FY24 Q3: -11.8% Operating margin (TTM), FY24 Q4: -7.8% Operating margin (TTM), FY25 Q1: -6.0% Operating margin (TTM), FY25 Q2: -4.4% Operating margin (TTM), FY25 Q3: -2.5% Operating margin (TTM), FY25 Q4: -0.5% Operating margin (TTM), FY26 Q1: 3.1% Operating margin (TTM), FY26 Q2: 4.3% Operating margin (TTM), FY26 Q3: 4.9% Operating margin (TTM), FY26 Q4: 3.8% Operating margin (TTM), FY27 Q1: 4.9% 4.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 -19.8%
FY24 Q3 -11.8%
FY24 Q4 -7.8%
FY25 Q1 -6.0%
FY25 Q2 -4.4%
FY25 Q3 -2.5%
FY25 Q4 -0.5%
FY26 Q1 3.1%
FY26 Q2 4.3%
FY26 Q3 4.9%
FY26 Q4 3.8%
FY27 Q1 4.9%
FCF margin (TTM) American Superconductor Corp
-20% -10% 0% 10% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: -11.2% FCF margin (TTM), FY24 Q3: -4.7% FCF margin (TTM), FY24 Q4: 0.8% FCF margin (TTM), FY25 Q1: 4.4% FCF margin (TTM), FY25 Q2: 10.4% FCF margin (TTM), FY25 Q3: 11.4% FCF margin (TTM), FY25 Q4: 11.6% FCF margin (TTM), FY26 Q1: 10.2% FCF margin (TTM), FY26 Q2: 7.1% FCF margin (TTM), FY26 Q3: 5.7% FCF margin (TTM), FY26 Q4: 6.1% FCF margin (TTM), FY27 Q1: 6.4% 6.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 -11.2%
FY24 Q3 -4.7%
FY24 Q4 0.8%
FY25 Q1 4.4%
FY25 Q2 10.4%
FY25 Q3 11.4%
FY25 Q4 11.6%
FY26 Q1 10.2%
FY26 Q2 7.1%
FY26 Q3 5.7%
FY26 Q4 6.1%
FY27 Q1 6.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 316 287 77 87 84 71 96 75 48 56 64 87 108 106 146 223 299 321
Gross profit 115 −22 −6 15 11 3 22 11 4 14 9 — 13 9 35 62 91 92
EBITDA 48 −167 −121 −45 −31 −44 −13 −21 −21 38 −19 −19 −18 −30 −7 4 19 25
Operating income 39 −178 −136 −58 −41 −53 −20 −28 −32 34 −23 −23 −21 −33 −11 −1 11 16
Net income 16 −186 −137 −66 −56 −49 −23 −27 −33 27 −17 −23 −19 −35 −11 6 134 137
Diluted EPS $3.60 −$39.50 −$26.90 −$12.46 −$8.98 −$5.74 −$1.76 −$1.98 −$1.73 $1.29 −$1.03 −$0.95 −$0.71 −$1.26 −$0.37 $0.16 $3.05 —
Growth (year on year)
Revenue +72.9% −9.3% −73.3% +14.2% −3.8% −16.2% +36.1% −21.7% −35.6% +16.1% +13.6% +36.5% +24.5% −2.3% +37.4% +53.0% +34.3% +25.9%
EBITDA — −444.0% — — — — — — — — −149.9% — — — — — +320.1% +79.8%
Operating income — −560.4% — — — — — — — — −168.0% — — — — — — +98.9%
Net income — <−999% — — — — — — — — −163.9% — — — — — +>999% +793.8%
Diluted EPS — <−999% — — — — — — — — −179.8% — — — — — +>999% —
Margins
Gross margin 36.4% −7.5% −8.3% 17.7% 13.4% 4.4% 22.9% 14.4% 7.8% 24.9% 14.8% — 12.4% 8.0% 24.2% 27.8% 30.5% 28.6%
EBITDA margin 15.3% −58.2% −158.1% −51.1% −36.6% −61.7% −13.2% −27.3% −43.7% 68.2% −30.0% −22.3% −17.0% −28.7% −4.7% 2.0% 6.3% 7.7%
Operating margin 12.2% −62.1% −178.3% −66.1% −49.3% −74.5% −21.0% −36.6% −66.4% 60.5% −36.2% −26.6% −19.4% −31.1% −7.8% −0.5% 3.8% 4.9%
Net margin 5.1% −65.0% −178.8% −75.6% −66.9% −69.0% −24.1% −36.4% −67.7% 47.6% −26.8% −26.0% −17.7% −33.1% −7.6% 2.7% 44.7% 42.6%
Free-cash-flow margin 7.6% −22.2% −198.5% −53.4% −16.1% −47.4% −6.0% −15.8% −56.5% 74.3% −31.5% −12.0% −18.4% −22.4% 0.8% 11.6% 6.1% 6.4%
Cash flow
Cash from operations 41 −23 −141 −45 −13 −33 −5 −11 −25 43 −16 −9 −19 −22 2 28 23 35
Capital spending 17 41 11 1 0 1 1 1 3 1 4 2 1 1 1 2 5 15
Free cash flow 24 −64 −152 −47 −14 −33 −6 −12 −27 42 −20 −10 −20 −24 1 26 18 21
Stock-based pay 13 13 10 8 11 6 3 3 3 3 2 3 5 5 5 8 16 18
Free cash flow after stock pay 11 −77 −162 −55 −24 −39 −9 −15 −30 39 −22 −14 −25 −28 −3 18 2 2
Balance sheet
Cash 88 124 46 39 43 20 39 27 34 77 25 68 41 23 91 79 141 144
Total debt 0 0 0 15 13 8 4 1 — 0 0 0 0 0 0 0 8 8
Net debt (negative = net cash) −88 −124 −46 −24 −30 −13 −35 −25 −34 −77 −25 −68 −40 −23 −90 −79 −133 −136
Diluted shares 5m 5m 5m 5m 6m 8m 13m 14m 19m 21m 21m 24m 27m 28m 30m 38m 44m —
Returned to shareholders
Buybacks — — — — — — — — — — — — — — 0 0 0 —
Total returned — — — — — — — — — — — — — — 0 0 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $762m
Short-term assets $343mLonger-term assets $420m
What it owes, and who funded it · $762m
Short-term liabilities $141mLonger-term liabilities $49mShareholders' equity $572m
  • Short-term assets cover short-term liabilities $343m of assets due within a year against $141m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $343m short-term assets against $49m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From American Superconductor Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$126,000
R&D spending
4.8%
of revenue
Sales & admin spending
19.3%
of revenue
Days sales outstanding
92 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated AMSC MVST CHPT NRGV EOSE APWC Median
Revenue, last 12 months $321m $368m $433m $226m $214m $490m $154m
Revenue growth, last 12 months 25.9% −13.0% 8.8% 336.8% 533.9% 3.6% 10.6%
Revenue growth, 3-year average 41.4% 17.7% −8.2% 13.8% 129.1% — 9.2%
Revenue growth, latest quarter 30.0% −4.5% 17.7% 104.1% 351.4% — 10.2%
Gross margin 28.6% 25.1% 32.1% 22.5% −84.7% 7.0% 29.3%
Operating margin 4.9% −10.3% −41.2% −32.8% −142.6% 1.3% −17.7%
Operating margin, 3-year average 0.7% −17.3% −61.9% −103.3% −604.8% 1.4% −32.6%
Net margin 42.6% 13.9% −40.6% −48.6% −246.8% 0.7% −23.4%
Cash from operations / revenue 10.9% −0.5% −14.9% −45.4% −143.7% −1.6% −6.5%
Free-cash-flow margin 6.4% −8.3% −15.8% −64.1% −196.1% −2.3% −11.0%
Free-cash-flow margin, 3-year average 7.0% −14.0% −32.2% −80.8% −652.9% −5.9% −6.8%
Stock pay / revenue 5.6% 0.9% 11.6% 13.2% 10.4% — 2.5%
Change in share count 24.1% −0.5% 5.0% 11.1% 49.9% 0.0% 10.0%

Median of all 57 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 25.9% 10.6% 20 of 57
Change in growth rate Growth -8.4pp +0.0pp 40 of 57
Gross margin Profitability 28.6% 29.3% 28 of 54
Operating margin Profitability 4.9% -20.0% 17 of 53
Net margin Profitability 42.6% -23.4% 1 of 57
Free-cash-flow margin Cash generation 6.4% -8.8% 16 of 56
Stock pay as % of revenue Cash generation 5.6% 2.8% 31 of 50
Long-term debt as % of assets Balance sheet 0.9% 17.8% 4 of 40
Days sales outstanding Balance sheet 92 days 72 days 35 of 50

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Segments
Line of business Revenue Share YoY
Grid $251M 84.0% ▲ 34.3%
Wind $47.8M 16.0% ▲ 34.2%

From American Superconductor Corp's 10-K filed May 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.5B
Institutions reporting
278
Shares held vs prior quarter
▲ 6.8%
Positions opened / closed
63 / 30

Top buyers and sellers, Q2 2026: 170 institutions bought and 107 sold ; the biggest buyer was UBS Group AG (+829K shares) and the biggest seller Baillie Gifford & Co (−514K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $170M 4.1M 11.6% ▲ 2.8%
Vanguard Capital Management LLC $84.4M 2.0M 5.7% ▼ 0.3%
Barrow Hanley Mewhinney & Strauss LLC $70.7M 1.7M 4.8% ▲ 49.5%
UBS Group AG $59.3M 1.4M 4.0% ▲ 138.3%
Vanguard Portfolio Management LLC $58.9M 1.4M 4.0% ▼ 17.1%
State Street Corp $56.4M 1.4M 3.8% ▲ 7.7%
Goldman Sachs Group Inc $53.7M 1.3M 3.7% ▲ 82.4%
Geode Capital Management, LLC $51.6M 1.2M 3.5% ▲ 6.3%
First Trust Advisors LP $48.5M 1.2M 3.3% ▲ 50.1%
Oberweis Asset Management Inc/ $41M 988K 2.8% ▲ 16.2%
Awm Investment Company, Inc. $39.5M 952K 2.7% ▲ 18.7%
Baillie Gifford & Co $38.7M 933K 2.6% ▼ 35.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not American Superconductor Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7.8M 25 trades by 4 insiders · 98% under pre-set plans
Net ▼ $7.8M net selling
Insider Date Trade Shares Price Value
Mcgahn Daniel P Chairman, President and CEO June 11, 2026 Sell pre-set plan 11,508 $37.28 $429,018
Mcgahn Daniel P Chairman, President and CEO June 11, 2026 Sell pre-set plan 4,609 $37.85 $174,451
Kosiba John W Jr SVP, CFO & Treasurer June 11, 2026 Sell pre-set plan 1,743 $37.85 $65,973
Kosiba John W Jr SVP, CFO & Treasurer June 11, 2026 Sell pre-set plan 5,026 $37.33 $187,621
Dambier Laura A. Director June 11, 2026 Sell 4,000 $37.63 $150,520
Mcgahn Daniel P Chairman, President and CEO June 8, 2026 Sell pre-set plan 4,678 $42.19 $197,365
Mcgahn Daniel P Chairman, President and CEO June 8, 2026 Sell pre-set plan 4,992 $41.39 $206,619
Kosiba John W Jr SVP, CFO & Treasurer June 8, 2026 Sell pre-set plan 1,549 $42.35 $65,600
Kosiba John W Jr SVP, CFO & Treasurer June 8, 2026 Sell pre-set plan 3,286 $41.50 $136,369
Mcgahn Daniel P Chairman, President and CEO June 3, 2026 Sell pre-set plan 817 $50.99 $41,659
Mcgahn Daniel P Chairman, President and CEO June 3, 2026 Sell pre-set plan 500 $50.29 $25,145
Mcgahn Daniel P Chairman, President and CEO June 3, 2026 Sell pre-set plan 7,075 $48.31 $341,793

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 27, 2026
  • February 4, 2026
  • November 5, 2025
  • July 30, 2025
  • May 21, 2025

Recent SEC filings

Data status

When each part of this page on American Superconductor Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

American Superconductor Corp in brief

What does American Superconductor Corp do?
American Superconductor Corp is a US-listed company in the electrical components & equipment industry. Its financial year ends in March.
What is American Superconductor Corp's stock ticker?
American Superconductor Corp trades under the ticker AMSC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is American Superconductor Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, American Superconductor Corp reported revenue of $321M, 25.9% higher than a year earlier, according to its SEC filings.
What is American Superconductor Corp's free cash flow?
American Superconductor Corp's free-cash-flow margin is 6.4% of revenue over the trailing twelve months, ranking 16 of the 56 electrical components & equipment companies we cover.
What is American Superconductor Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of American Superconductor Corp's free cash flow after stock-based pay gives ~$8.1 per share in the base case, and ~$6.8–$9.7 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are American Superconductor Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Barrow Hanley Mewhinney & Strauss LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is American Superconductor Corp's market cap?
On March 31, 2026, American Superconductor Corp's market capitalisation was about $1.5B, with a price-to-earnings ratio of 11.1 and net debt of -$133M. Market figures come from third-party market data and may be delayed.
Who are American Superconductor Corp's competitors?
In our Electrical Components & Equipment peer group, the companies closest to American Superconductor Corp are Microvast Holdings, Inc., Chargepoint Holdings, Inc., Energy Vault Holdings, Inc., Eos Energy Enterprises, Inc. and Asia Pacific Wire & Cable Corp LTD. The side-by-side comparison below sets their revenue, margins and growth against American Superconductor Corp's.
Are insiders buying or selling American Superconductor Corp stock?
Over the last 12 months, American Superconductor Corp's directors and officers reported 0 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is American Superconductor Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — American Superconductor Corp announces its own schedule.