Bond.az reports that American Superconductor Corporation (NASDAQ:AMSC) reported fourth-quarter results that exceeded analyst expectations, but shares fell 5% in after-hours trading Wednesday as the company’s first-quarter guidance failed to impress investors.
The power control solutions provider reported adjusted earnings per share of $0.31 for the fourth quarter, beating the analyst consensus of $0.19 by $0.12. Revenue reached $86.4 million, surpassing the $82.1 million estimate and representing a 30% increase from $66.7 million in the same quarter last year.
For the full fiscal year 2025, revenue surged 34% YoY to $299.2 million.
However, the company’s guidance for the first quarter of fiscal 2026 disappointed investors. AMSC projected adjusted net income to exceed $8.0 million, or $0.17 per share, with revenue expected to exceed $85.0 million. While the company provided only minimum thresholds rather than specific ranges, the guidance appeared to fall short of market expectations, driving the after-hours decline.
The fourth quarter performance was driven by strong organic growth in the company’s Grid and Wind businesses, along with contributions from the Comtrafo acquisition. Fourth quarter orders approached $100 million, led by the traditional energy sector and data center demand within the utility market.
The company’s 12-month backlog expanded nearly 40% YoY to approximately $280 million.
"AMSC delivered record quarterly and full-year results, reflecting exceptional strategic and operational execution," said Daniel P. McGahn, Chairman, President and CEO. "For the full year, revenue grew 34% to nearly $300 million, driven primarily by 25% organic growth and supported by our recent acquisition to capture utility and industrial demand in Latin America."
The company reported cash, cash equivalents and restricted cash of $147.6 million as of March 31, 2026.
