Quarterly ResultAug 5, 2026, 04:16 PM
AMSC Q1 Revenue Up 30% to $94.1M; Record Orders $130M
AI Summary
AMSC reported strong first-quarter fiscal year 2026 results, with revenue increasing 30% year-over-year to a record $94.1 million and total orders exceeding $130 million. The company also nearly quadrupled its operating cash flow to $16 million and ended the quarter with $153.1 million in cash. Additionally, AMSC held its Annual Meeting of Stockholders, where all seven director nominees were elected, RSM US LLP was ratified as the independent auditor, and executive compensation was approved on an advisory basis.
Key Highlights
- Q1 fiscal 2026 revenue increased 30% year-over-year to $94.1 million.
- Reported record total orders exceeding $130 million, driven by utility-sector mining.
- Operating cash flow nearly quadrupled to $16 million.
- GAAP net income was $9.5 million, or $0.21 per share.
- Cash, cash equivalents, and restricted cash totaled $153.1 million.
- 12-month backlog exceeded $300 million.
- All seven director nominees were elected to the Board of Directors.
- RSM US LLP was ratified as the independent registered public accounting firm.
Price Impact
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