AMSC reports Q2 EPS 20c, consensus 15c

Reports Q2 revenue $65.9M, consensus $67.23M. “AMSC (AMSC) grew second quarter revenue by over 20% year-over-year, generated net income of nearly $5 million marking our fifth consecutive quarter of profitability and achieved expanded gross margins surpassing 30%,” said Daniel McGahn, Chairman, President and CEO, AMSC. “For our second fiscal quarter, we saw strong order demand across energy and military markets, supported by tailwinds in domestic manufacturing and reliable power needs across key sectors. We are confident in our team, our execution, and very excited about the opportunities ahead in fiscal 2025.”