AMSC Reports Second Quarter Fiscal Year 2026 Financial Results and Business Outlook
Key Highlights
- ➤Revenue $94.0 million, up more than 40% year-over-year, driven by organic growth and Comtrafo acquisition
- ➤Orders exceeded $95 million, driven primarily by traditional and renewable energy markets
- ➤Second-quarter operating cash flow reached $33 million, more than quadrupling year-over-year
- ➤Third-quarter revenue expected to exceed $80.0 million
- ➤Third-quarter non-GAAP net income expected to exceed $7.0 million, or $0.15 per share
Expert Statements
Daniel P. McGahn, Chairman, President, and CEO of AMSC
“We delivered over $90 million in second quarter revenue, up more than 40% year-over-year, reflecting continued customer-requested accelerations in project deliveries through the first half of our fiscal year. During the second quarter, our power solutions saw excellent traction with orders exceeding $95 million, driven primarily by traditional and renewable energy as well as demand from materials and utility customers. We also generated over $45 million in operating cash during the first half of the year. Our momentum along with our quarter-on-quarter gross margin expansion and significant operating cash flow provides a high degree of flexibility for our long-term strategic investments in growth. Looking forward, we expect revenue to average approximately $90 million for each of our first three quarters. We anticipate strong demand to continue through the second half, ending the fiscal year on a high note and delivering significant year-over-year growth for the full fiscal year.”
Second Quarter Financial Highlights: * Increased Revenue by More than 40% Year-Over-Year Exceeding $90 Million * Reported Total Orders Above $95 Million Driven by Energy Markets * More Than Quadrupled Operating Cash Flow to $33 Million Company to host conference call tomorrow, November 5th, at 10:00 am ET
AYER, Mass., Nov. 04, 2026 (GLOBE NEWSWIRE) -- AMSC (Nasdaq: AMSC), a leading provider of power control solutions that harmonize an increasingly complex energy system and enable customers to scale their operations without added complexity or size, today reported financial results for its second quarter ended September 30, 2026 of fiscal year 2026.
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