American Superconductor Q4 Revenue Climbs 30% to $86.4M, Backlog Up 40%
AMSC•American Superconductor posted fiscal Q4 revenue of $86.4 million, up 30% year-over-year, and GAAP profit of $4.5 million, or $0.10 per share, with non-GAAP earnings of $14.1 million, or $0.31 per share. Full-year revenue reached $299.2 million, up 34%, and backlog rose 40% to $280 million.
1. Fiscal Fourth-Quarter and Full-Year Results
American Superconductor reported fiscal Q4 revenue of $86.4 million, a 30% increase from the prior year, and GAAP net income of $4.5 million, or $0.10 per share. On a non-GAAP basis, Q4 net income was $14.1 million, or $0.31 per share. For fiscal 2025, the company achieved revenue of $299.2 million, up 34% year-over-year, GAAP net income of $133.8 million, or $3.12 per share, and non-GAAP net income of $158.1 million, or $3.68 per share.
2. Growth Drivers and Backlog Expansion
Revenue growth was driven by a 25% increase in organic sales within Grid and Wind segments and the strategic acquisition of Comtrafo. Fourth-quarter new orders approached $100 million, led by utility grid projects and surging data center demand, while the 12-month backlog expanded nearly 40% to approximately $280 million.
3. Cash Position and Business Outlook
At March 31, cash, cash equivalents and restricted cash totaled $147.6 million. Management expects first-quarter revenues to exceed $85.0 million with GAAP net income above $3.0 million, or $0.07 per share, and non-GAAP net income above $8.0 million, or $0.17 per share.
