Start here if you're new
what it is
AMSC sells equipment and services that help move electricity, support wind turbines, and protect Navy ships.
how it gets paid
Last year Amer. Superconductor made $223M in revenue. power electronics was the main engine at $78M, or 35% of sales.
why it's growing
Revenue grew 53.0% last year. That $0.11 EPS matters because this stock no longer needs a distant profitability story.
what just happened
The clean takeaway: AMSC posted $0.11 EPS with gross margin around 31%, extending its move from money-losing science project to actual operating business.
At a glance
B+ balance sheet — decent shape, but not bulletproof
20/100 earnings predictability — expect surprises
10.8x trailing p/e — the market's not buying it — or you found a deal
3.1% return on capital — nothing to write home about
$0.16 fy2024 eps est
xvary composite: 49/100 — below average
What they do
AMSC sells equipment and services that help move electricity, support wind turbines, and protect Navy ships.
AMSC sells into places where failure is expensive: power grids and Navy ships. It has served over 100 grid customers since inception, and once your utility or defense program approves a supplier, switching vendors means new testing, new delays, and more paperwork. The balance sheet also is not the problem, with just $9 million of long-term debt, or 1% of capital.
How they make money
$223M
annual revenue · their business grew +53.0% last year
power electronics
$78M
grid systems
$54M
wind products
$38M
engineering services
$31M
support and other
$22M
The products that matter
grid voltage control
D-VAR
part of ~$145M grid revenue
it helps stabilize power grids as more intermittent generation gets added, and it sits inside the segment that makes up about 65% of company revenue.
~65% of revenue
navy degaussing systems
Ship Protection
part of ~$78M marine & defense revenue
this is tied to the segment that grew 85% on a $223M company revenue base. For a business this size, that is not a side story.
+85% segment growth
wind turbine electrical systems
Wind Power Electronics
part of the grid-focused business mix
this piece is smaller in the story than it used to be, but it still matters because it keeps AMSC tied to broader grid-upgrade and power-electronics spending.
watch execution
Key numbers
53.0%
sales growth
Revenue rose to $223 million in fiscal 2024. That is the whole story here because small companies rarely grow this fast and reach profit at the same time.
$0.16
fy2025 eps
AMSC went from a $0.37 loss to $0.16 profit in one year. Translation: the business finally crossed the line from promise to proof.
5.0%
operating margin
Operating margin means profit after running the business. At 5.0%, AMSC has little room for mistakes.
$9M
long-term debt
Long-term debt is what the company owes over many years. At $9 million, or 1% of capital, leverage is low.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 5 / 100
- long-term debt $9M (1% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for AMSC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The clean takeaway: AMSC posted $0.11 EPS with gross margin around 31%, extending its move from money-losing science project to actual operating business.
Revenue reached $65.9 million in the reported quarter, up more than 20% vs. prior year, according to the company report cited in the source set. The important contrast is simple: fiscal 2024 ended at a $0.37 loss, while recent quarters are now producing positive EPS.
$65.9M
revenue
$0.11
eps
31.0%
gross margin
the number that mattered
That $0.11 EPS matters because this stock no longer needs a distant profitability story. You are looking at a company already printing positive earnings.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
your biggest risk is post-tax-benefit earnings comedown — the quarter looked cleaner than the business did.
high
post-tax-benefit earnings comedown
Q3 FY2026 reported $2.81 EPS, but the quarter was shaped by a $113M tax benefit. That makes future earnings comparisons messy from day one.
If the next few quarters look normal instead of spectacular, the market may read that as deterioration even if revenue keeps growing.
med
the $346M revenue path is a steep climb
Management is pointing investors toward about $346M in revenue. Against a $223M annual base, that asks for about 55% more sales.
If growth slows before that target comes into view, the market loses the cleanest reason to ignore noisy earnings quality.
med
small-company contract lumpiness
This is a $223M revenue business selling into utility and defense markets. A few delayed orders, a procurement pause, or simple shipment timing can swing a quarter hard.
You should expect volatile reported numbers because the business is still small enough for a handful of contracts to matter a lot.
low
31% gross margin does not leave much room for drift
AMSC keeps 31 cents of each revenue dollar before overhead. That is workable for hardware and controls, but not fat enough to hide execution slips.
If margin falls back under 30%, the growth story turns into a conversion story — and those usually get a lower multiple.
On a $223M revenue base, AMSC does not need many delayed orders or a small margin wobble to create ugly optics — and all of it will be judged against a $2.81 EPS print that was never built to repeat.
source: institutional data · regulatory filings · risk analysis
Pay attention to
margin
gross margin staying above 30%
That is the cleaner signal than EPS right now. If AMSC keeps gross margin above 30% after the tax-benefit quarter, the operating story holds together.
earnings
Q4 FY2026 earnings report
You want revenue growth and cleaner earnings optics. The closer reported results look to the $0.16 estimate field than the $2.81 quarter, the more translation the market will need.
guidance
fiscal 2027 revenue outlook
The stock is leaning on a high-growth story. You need to see whether management still points toward the $346M path once the accounting sugar high is gone.
integration
Comtrafo contribution
Comtrafo is expected to add about $55M in annual revenue. For a business doing $223M, that is large enough to help fast or create noise fast.
Analyst rankings
earnings predictability
20 / 100
low predictability means the reported numbers can move around a lot. in human-speak, one quarter should not run your whole thesis.
risk rank
3
this sits in the middle of the pack, not the danger zone and not the bunker. you still own a volatile small cap.
price stability
5 / 100
the stock does not trade like a utility supplier. It trades like a story stock with industrial revenue underneath it.
source: institutional data
Institutional activity
institutional ownership data for AMSC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$33
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive