AMSC Earnings Reports

AMSC delivered a solid performance in Q4 FY2024, achieving both revenue and net income growth, marking its third consecutive profitable quarter. The company secured substantial new orders and ended the year with a record backlog, positioning itself well for FY2025.

American Superconductor Corporation (AMSC) reported a substantial increase in revenues and net income for the three months ended December 31, 2024. Revenues rose by 56% to $61.4 million, and net income improved significantly to $2.5 million compared to a net loss in the prior year. This growth was primarily attributed to the acquisition of Megatran and increased shipments in both Grid and Wind segments.