American Superconductor Corporation ( (AMSC) ) has released its Q2 earnings. Here is a breakdown of the information American Superconductor Corporation presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
American Superconductor Corporation (AMSC) is a prominent provider of megawatt-scale power resiliency solutions, specializing in enhancing grid reliability and supporting naval fleet capabilities, with operations spanning across Asia, Australia, Europe, and North America.
In its latest earnings report for the second quarter of fiscal year 2025, AMSC announced a significant revenue increase of over 20% year-over-year, reaching approximately $66 million. The company also reported a net income of nearly $5 million, marking its fifth consecutive quarter of profitability, and achieved a gross margin exceeding 30%.
Key financial highlights include a rise in revenues driven by organic growth and the acquisition of NWL, Inc., alongside a substantial increase in cash reserves, totaling $218.8 million by the end of the quarter. Despite a slight decrease in non-GAAP net income compared to the previous year, the company maintained strong order demand across energy and military markets, supported by favorable conditions in domestic manufacturing and reliable power needs.
Looking ahead, AMSC projects its third-quarter revenues to range between $65 million and $70 million, with an expected net income exceeding $2 million. The company remains optimistic about its growth opportunities, bolstered by strong market demand and strategic execution.
AMSC’s management expresses confidence in their team’s capabilities and the company’s strategic direction, anticipating continued growth and success in the fiscal year 2025.