American Superconductor Corporation Reports 80% Revenue Growth to $72.4 Million

American Superconductor Corporation (AMSC) reported significant financial growth in its latest quarterly filing, with revenues reaching $72.4 million for the three months ended June 30, 2025, an increase of 80% compared to $40.3 million in the same period last year. The company's Grid segment, which accounted for 83% of total revenues, saw an 86% rise to $60.1 million, driven primarily by the acquisition of NWL and increased shipments of new energy power systems. The Wind segment also experienced growth, with revenues up 54% to $12.3 million, attributed to higher sales of electrical control systems.

The company's gross margin improved to 34% from 30% year-over-year, reflecting a favorable product mix and pricing increases across its product lines. Operating income for the quarter was $5.6 million, a turnaround from an operating loss of $3.3 million in the prior year, with both segments contributing positively to this result. The Grid segment generated an operating income of $4.2 million, while the Wind segment reported $1.5 million in operating income, up from $0.9 million in the previous year.

AMSC's balance sheet showed a substantial increase in total assets, rising to $452.8 million as of June 30, 2025, compared to $310.5 million at the end of the previous fiscal period. Cash and cash equivalents also saw a significant increase, totaling $207.9 million, up from $79.5 million. The company’s employee headcount increased as well, reflecting its growth strategy and operational expansion. The acquisition of NWL, completed in August 2024 for approximately $61.4 million, has been a key strategic development, enhancing AMSC's capabilities in engineered power conversion solutions.

Looking ahead, AMSC expressed optimism about its growth trajectory, driven by increasing demand for modernized power grid solutions and the expansion of its product offerings. The company noted that it has approximately $215.2 million in outstanding performance obligations to be recognized in the next twelve months, indicating a strong backlog of orders. However, management acknowledged potential risks, including macroeconomic conditions and reliance on government contracts, which could impact future performance. The company remains focused on leveraging its technological advancements and market position to capitalize on emerging opportunities in the energy sector.