American Superconductor Corporation filed a Form 10-Q with the SEC on November 4, 2026, covering the quarterly period ended September 30, 2026, reporting net income and revenue growth across both the three- and six-month periods compared to the prior year.

Key Highlights

  • Six-month revenues of $188,111 thousand: revenues for the six months ended September 30, 2026 rose from $138,220 thousand in the same period of the prior year, according to the filing.
  • Net income of $12,489 thousand for six months: the company reported net income of $12,489 thousand for the six months ended September 30, 2026, compared to $11,474 thousand in the prior-year period.
  • Q2 net income of $2,999 thousand: for the three months ended September 30, 2026, net income was $2,999 thousand, down from $4,750 thousand in the same quarter a year earlier.
  • Total assets of $774,660 thousand: total assets at September 30, 2026 were $774,660 thousand, up from $739,481 thousand at March 31, 2026.
  • Accumulated deficit reduced to $914,327 thousand: the accumulated deficit declined from $926,816 thousand at March 31, 2026 to $914,327 thousand at September 30, 2026.
  • Cash and cash equivalents of $169,916 thousand: cash and cash equivalents increased to $169,916 thousand from $140,693 thousand at March 31, 2026.
  • 48,455,057 shares outstanding as of October 30, 2026: the cover page of the filing states common shares outstanding at that date.

American Superconductor Reports Revenue Growth and Reduced Deficit Through September 2026

According to the Form 10-Q filed November 4, 2026, American Superconductor Corporation (NASDAQ:AMSC) reported revenues of $94,038 thousand for the three months ended September 30, 2026, compared to $65,862 thousand for the same quarter in the prior year. Gross margin for the quarter was $26,530 thousand, up from $20,439 thousand. For the six-month period, gross margin was $51,256 thousand versus $44,928 thousand a year earlier. Operating income reached $5,360 thousand for the quarter and $15,191 thousand for the six months ended September 30, 2026, compared to $2,965 thousand and $8,610 thousand, respectively, in the prior-year periods.

The filing disclosed that income tax expense for the six months was $4,657 thousand, compared to $316 thousand in the prior-year six-month period, contributing to the lower net income in the second quarter despite higher revenues. Diluted earnings per share were $0.06 for the three months and $0.27 for the six months ended September 30, 2026. A change in fair value of contingent consideration contributed a gain of $9,447 thousand for the six-month period, which the filing lists as a reduction to total operating expenses.

On the balance sheet, total stockholders' equity grew to $582,134 thousand at September 30, 2026 from $555,447 thousand at March 31, 2026. Deferred revenue, current portion, rose to $96,314 thousand from $77,936 thousand over the same period. Stock-based compensation expense recognized during the six months totaled $11,781 thousand in aggregate across both quarters, as reported in the statements of stockholders' equity. The company had 48,868,908 shares issued and 48,465,557 shares outstanding as of September 30, 2026, with 403,351 shares held as treasury stock.

What Was Disclosed

American Superconductor Corporation filed a 10-Q for the quarter ended September 30, 2026, disclosing revenue, earnings, balance sheet, and equity data for the three- and six-month periods, including an accumulated deficit reduction and growth in total assets and cash.