American Superconductor Corp income statement
In fiscal 2026, American Superconductor Corp reported revenue of $299m, up 34.3% on the year before, operating income of $11.4m (a 3.8% margin) and net income of $134m, or $3.05 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Mar 2010 | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Mar 2019 | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 316 | 287 | 77 | 87 | 84 | 71 | 96 | 75 | 48 | 56 | 64 | 87 | 108 | 106 | 146 | 223 | 299 | 321 |
| Cost of revenue | 201 | 308 | 83 | 72 | 73 | 67 | 74 | 64 | 45 | 42 | 54 | — | 95 | 97 | 110 | 161 | 208 | 229 |
| Gross profit | 115 | −22 | −6 | 15 | 11 | 3 | 22 | 11 | 4 | 14 | 9 | — | 13 | 9 | 35 | 62 | 91 | 92 |
| Research and development | 24 | 33 | 27 | 15 | 12 | 12 | 12 | 13 | 12 | 10 | 10 | — | 10 | 9 | 8 | 11 | 16 | 15 |
| Selling, general and administrative | 50 | 72 | 72 | 50 | 37 | 29 | 29 | 26 | 23 | 22 | 23 | — | 27 | 29 | 32 | 43 | 58 | 62 |
| Operating income | 39 | −178 | −136 | −58 | −41 | −53 | −20 | −28 | −32 | 34 | −23 | −23 | −21 | −33 | −11 | −1 | 11 | 16 |
| Interest expense | — | — | — | 15 | 10 | 2 | 1 | — | — | — | — | — | — | — | — | — | — | — |
| Net interest income | 1 | 1 | 0 | −15 | −10 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 37 | −170 | −135 | −66 | −55 | −49 | −21 | −26 | −33 | 33 | −17 | −24 | −21 | −35 | −11 | 2 | 17 | 21 |
| Income tax | 21 | 16 | 1 | −0 | 1 | −0 | 2 | 1 | −0 | 6 | 0 | −1 | −2 | 0 | 0 | −4 | −117 | −116 |
| 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 | — |
| Diluted shares (average) | 5m | 5m | 5m | 5m | 6m | 8m | 13m | 14m | 19m | 21m | 21m | 24m | 27m | 28m | 30m | 38m | 44m | — |
| EBITDA | 48 | −167 | −121 | −45 | −31 | −44 | −13 | −21 | −21 | 38 | −19 | −19 | −18 | −30 | −7 | 4 | 19 | 25 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 61 | 67 | 72 | 66 | 75 | 86 | 94 |
| Cost of revenue | 39 | 45 | 49 | 48 | 45 | 52 | 63 | 69 |
| Gross profit | 16 | 16 | 18 | 24 | 20 | 23 | 24 | 25 |
| Research and development | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Selling, general and administrative | 11 | 12 | 12 | 14 | 13 | 15 | 15 | 19 |
| Operating income | −1 | 1 | 2 | 6 | 3 | 3 | −1 | 10 |
| Income before tax | −0 | 2 | 2 | 7 | 5 | 5 | −0 | 11 |
| Income tax | −5 | −0 | 1 | 0 | 0 | −112 | −5 | 1 |
| Net income | 5 | 2 | 1 | 7 | 5 | 118 | 5 | 9 |
| Diluted EPS | $0.13 | $0.06 | $0.03 | $0.17 | $0.11 | $2.62 | $0.04 | $0.20 |
| EBITDA | 0 | 2 | 5 | 7 | 4 | 4 | 4 | 12 |
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