Recent News
March 25, 2026 — analysis pieces highlighted AMSC as a small-cap opportunity; March 3, 2026 — coverage described AMSC expanding beyond North America amid rising power demand; February 13, 2026 — CEO commentary addressed grid reliability challenges; February 11, 2026 — industry coverage explored superconductors for data-centre power.
Technical Analysis
Trend strength: ADX at 32.38 signals a strong underlying trend presence, supporting the idea that current directional moves carry conviction and can extend price momentum in the near term.
Directional indicators: DI+ at 36.26 (increasing) versus DI- at 11.77 (decreasing) indicates bullish directional dominance; this alignment favors continued upside pressure relative to the current valuation, reinforcing the bullish technical bias.
MACD: MACD sits at 2.90 with the MACD line increasing and above the signal line (1.81), which constitutes a bullish momentum confirmation and aligns with the view that the near-term price path may continue upward relative to the current fair-valued assessment.
MRO: MRO reads 14.74 and shows a dip & reversal; because MRO is positive, price currently sits above model target levels and carries moderate overextension risk even though the recent dip-and-reversal suggests renewed upside momentum may follow a short consolidation.
RSI and volatility: RSI at 57.12 (increasing) indicates positive momentum without overbought extremes. Short-term volatility and high betas (42-day beta 2.49; 52-week beta 2.79) argue that moves will likely remain amplified versus the broader market, increasing both potential gain and pullback magnitude around the valuation.
Price vs. moving averages: Price closed at $46.15, above the 12-day EMA ($40.47), the 20-day average ($38.62), the 50-day average ($33.95) and the 200-day average ($41.52). This stacking of price above EMAs and major averages supports upward bias relative to the current WMDST fair-valued designation, though the MRO signal flags possible short corrections.
Fundamental Analysis
Earnings and surprise: Reported EPS $2.75 versus an estimate of $0.15 produced an earnings beat of $2.60, equal to a +1,733.33% surprise versus consensus estimates; the report dated February 4, 2026, anchors the recent re-rating of fundamentals.
Profitability: EBIT / operating margin stands at 4.51%; year-over-year improvement in EBIT margin equals +110.41% (EBIT margin YoY 1.10411), reflecting meaningful margin expansion from prior-year levels. Compared with the industry peer mean operating margin (~14.97%) and median (~17.03%), AMSC’s EBIT margin remains below the industry peer mean and median despite the strong YoY improvement.
Top-line and cash flow: Total revenue $74,529,000 with YoY revenue growth of 3.40%. Operating cash flow $3,249,000 and free cash flow $2,356,000 produce a free cash flow yield of ~0.14%, suggesting limited conversion at current price levels even though cash and short-term investments total $141,072,000, giving a strong liquidity buffer versus modest total debt ($11,383,000).
Balance sheet and leverage: Current ratio 2.66 and quick ratio 1.80 indicate conservative near-term liquidity. Debt to assets at 1.58% and debt to equity at 2.12% show negligible leverage relative to capital structure; retained earnings remain a structural deficit at -$931,345,000 but consolidated net income for the period reported $117,806,000.
Returns: Return on equity 21.95% and return on assets 20.22% demonstrate strong capital efficiency on the reported base, supporting the WMDST valuation given the company’s cash position and recent margin expansion.
Valuation note: WMDST values the stock as fair-valued. Price closed at $46.15, modestly above the provided mean analyst price target of $43.48; the large EPS surprise and margin improvement explain part of that premium, while low free-cash-flow yield and elevated enterprise multiple argue for measured expectations.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-04 |
| NEXT REPORT DATE: | 2026-05-06 |
| CASH FLOW | Begin Period Cash Flow | $ 218.8 M |
| Operating Cash Flow | $ 3.2 M | |
| Capital Expenditures | $ -893.00 K | |
| Change In Working Capital | $ -6.76 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -71.64 M | |
| End Period Cash Flow | $ 147.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 74.5 M | |
| Forward Revenue | $ 2.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 51.7 M | |
| Depreciation | $ 1.9 M | |
| Depreciation and Amortization | $ 1.9 M | |
| Research and Development | $ 3.5 M | |
| Total Operating Expenses | $ 71.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 22.9 M | |
| EBITDA | $ 5.2 M | |
| EBIT | $ 3.4 M | |
| Operating Income | $ 3.4 M | |
| Interest Income | $ 2.0 M | |
| Interest Expense | — | |
| Net Interest Income | $ 2.0 M | |
| Income Before Tax | $ 5.4 M | |
| Tax Provision | $ -112.37 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 117.8 M | |
| Net Income From Continuing Operations | $ 117.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.15 | |
| EPS Actual | $ 2.75 | |
| EPS Difference | $ 2.60 | |
| EPS Surprise | 1733.333 % | |
| Forward EPS | $ 0.26 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 719.5 M | |
| Intangible Assets | $ 180.2 M | |
| Net Tangible Assets | $ 356.6 M | |
| Total Current Assets | $ 325.0 M | |
| Cash and Short-Term Investments | $ 141.1 M | |
| Cash | $ 141.1 M | |
| Net Receivables | $ 49.8 M | |
| Inventory | $ 105.4 M | |
| Long-Term Investments | $ 4.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 16.2 M | |
| Short-Term Debt | $ 1.6 M | |
| Total Current Liabilities | $ 122.0 M | |
| Net Debt | — | |
| Total Debt | $ 11.4 M | |
| Total Liabilities | $ 182.7 M | |
| EQUITY | ||
| Total Equity | $ 536.8 M | |
| Retained Earnings | $ -931.35 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 11.28 | |
| Shares Outstanding | 47.612 M | |
| Revenue Per-Share | $ 1.57 | |
| VALUATION | Market Capitalization | $ 1.7 B |
| Enterprise Value | $ 1.5 B | |
| Enterprise Multiple | 292.919 | |
| Enterprise Multiple QoQ | -40.858 % | |
| Enterprise Multiple YoY | -9.188 % | |
| Enterprise Multiple IPRWA | AMSC: 292.919 high: 265.515 median: 87.672 mean: 86.984 low: -68.969 |
|
| EV/R | 20.602 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.34 | |
| Asset To Liability | 3.938 | |
| Debt To Capital | 0.021 | |
| Debt To Assets | 0.016 | |
| Debt To Assets QoQ | 93.162 % | |
| Debt To Assets YoY | 44.343 % | |
| Debt To Assets IPRWA | high: 0.68 mean: 0.29 median: 0.255 AMSC: 0.016 low: 0.001 |
|
| Debt To Equity | 0.021 | |
| Debt To Equity QoQ | 98.874 % | |
| Debt To Equity YoY | 20.113 % | |
| Debt To Equity IPRWA | high: 2.837 mean: 0.588 median: 0.542 AMSC: 0.021 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.102 | |
| Price To Book QoQ | -57.492 % | |
| Price To Book YoY | -44.419 % | |
| Price To Book IPRWA | high: 14.021 median: 6.811 mean: 5.911 AMSC: 3.102 low: 0.371 |
|
| Price To Earnings (P/E) | 12.718 | |
| Price To Earnings QoQ | -95.397 % | |
| Price To Earnings YoY | -92.533 % | |
| Price To Earnings IPRWA | high: 265.806 mean: 117.429 median: 102.422 AMSC: 12.718 low: -66.062 |
|
| PE/G Ratio | 0.01 | |
| Price To Sales (P/S) | 22.343 | |
| Price To Sales QoQ | -41.067 % | |
| Price To Sales YoY | 27.587 % | |
| Price To Sales IPRWA | high: 60.313 AMSC: 22.343 mean: 21.55 median: 18.753 low: -26.375 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 147.457 | |
| Forward PE/G | 0.116 | |
| Forward P/S | 837.071 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.01 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.128 | |
| Asset Turnover Ratio QoQ | -12.741 % | |
| Asset Turnover Ratio YoY | -36.587 % | |
| Asset Turnover Ratio IPRWA | high: 0.501 mean: 0.187 median: 0.172 AMSC: 0.128 low: -0.036 |
|
| Receivables Turnover | 1.833 | |
| Receivables Turnover Ratio QoQ | 5.946 % | |
| Receivables Turnover Ratio YoY | 11.273 % | |
| Receivables Turnover Ratio IPRWA | high: 2.9 AMSC: 1.833 mean: 1.353 median: 1.289 low: 0.153 |
|
| Inventory Turnover | 0.571 | |
| Inventory Turnover Ratio QoQ | -7.497 % | |
| Inventory Turnover Ratio YoY | -7.795 % | |
| Inventory Turnover Ratio IPRWA | high: 3.385 mean: 0.996 median: 0.955 AMSC: 0.571 low: 0.27 |
|
| Days Sales Outstanding (DSO) | 49.787 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 207.762 | |
| Cash Conversion Cycle Days QoQ | 19.026 % | |
| Cash Conversion Cycle Days YoY | -4.192 % | |
| Cash Conversion Cycle Days IPRWA | high: 282.34 AMSC: 207.762 mean: 105.763 median: 84.944 low: 21.091 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.367 | |
| CapEx To Revenue | -0.012 | |
| CapEx To Depreciation | -0.474 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 543.0 M | |
| Net Invested Capital | $ 544.6 M | |
| Invested Capital | $ 544.6 M | |
| Net Tangible Assets | $ 356.6 M | |
| Net Working Capital | $ 203.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.157 | |
| Current Ratio | 2.665 | |
| Current Ratio QoQ | -31.758 % | |
| Current Ratio YoY | 35.453 % | |
| Current Ratio IPRWA | high: 7.076 AMSC: 2.665 mean: 2.087 median: 1.547 low: 0.602 |
|
| Quick Ratio | 1.8 | |
| Quick Ratio QoQ | -40.88 % | |
| Quick Ratio YoY | 43.692 % | |
| Quick Ratio IPRWA | high: 6.711 AMSC: 1.8 mean: 1.45 median: 1.001 low: 0.059 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.171 | |
| Cost Of Debt | 0.105 % | |
| Interest Coverage Ratio | 335.9 | |
| Interest Coverage Ratio QoQ | 13.288 % | |
| Interest Coverage Ratio YoY | 155.437 % | |
| Interest Coverage Ratio IPRWA | AMSC: 335.9 high: 113.753 mean: 16.775 median: 13.68 low: -57.382 |
|
| Operating Cash Flow Ratio | 0.658 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 23.695 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 61.474 % | |
| Revenue Growth | 13.159 % | |
| Revenue Growth QoQ | -246.569 % | |
| Revenue Growth YoY | 3.402 % | |
| Revenue Growth IPRWA | high: 56.341 % AMSC: 13.159 % mean: 4.241 % median: 0.959 % low: -78.064 % |
|
| Earnings Growth | 1275.0 % | |
| Earnings Growth QoQ | -4208.397 % | |
| Earnings Growth YoY | -3229.526 % | |
| Earnings Growth IPRWA | AMSC: 1275.0 % high: 64.384 % median: 8.203 % mean: 2.694 % low: -128.571 % |
|
| MARGINS | ||
| Gross Margin | 30.662 % | |
| Gross Margin QoQ | -1.196 % | |
| Gross Margin YoY | 15.323 % | |
| Gross Margin IPRWA | high: 44.281 % median: 36.458 % mean: 35.397 % AMSC: 30.662 % low: -27.164 % |
|
| EBIT Margin | 4.507 % | |
| EBIT Margin QoQ | 0.111 % | |
| EBIT Margin YoY | 110.411 % | |
| EBIT Margin IPRWA | high: 22.162 % median: 17.028 % mean: 14.968 % AMSC: 4.507 % low: -555.833 % |
|
| Return On Sales (ROS) | 4.507 % | |
| Return On Sales QoQ | 0.111 % | |
| Return On Sales YoY | 110.411 % | |
| Return On Sales IPRWA | high: 22.855 % mean: 17.234 % median: 17.028 % AMSC: 4.507 % low: -96.362 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 2.4 M | |
| Free Cash Flow Yield | 0.141 % | |
| Free Cash Flow Yield QoQ | -30.882 % | |
| Free Cash Flow Yield YoY | -71.687 % | |
| Free Cash Flow Yield IPRWA | high: 3.815 % median: 1.189 % mean: 1.028 % AMSC: 0.141 % low: -14.429 % |
|
| Free Cash Growth | -53.759 % | |
| Free Cash Growth QoQ | -199.774 % | |
| Free Cash Growth YoY | -3.789 % | |
| Free Cash Growth IPRWA | high: 316.709 % mean: 36.049 % median: 34.101 % AMSC: -53.759 % low: -225.457 % |
|
| Free Cash To Net Income | 0.02 | |
| Cash Flow Margin | 107.714 % | |
| Cash Flow To Earnings | 0.681 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 20.222 % | |
| Return On Assets QoQ | 1813.15 % | |
| Return On Assets YoY | 2396.543 % | |
| Return On Assets IPRWA | AMSC: 20.222 % high: 3.87 % median: 2.764 % mean: 1.749 % low: -59.684 % |
|
| Return On Capital Employed (ROCE) | 0.562 % | |
| Return On Equity (ROE) | 0.219 | |
| Return On Equity QoQ | 1481.052 % | |
| Return On Equity YoY | 1615.794 % | |
| Return On Equity IPRWA | AMSC: 0.219 high: 0.113 median: 0.058 mean: 0.046 low: -0.485 |
|
| DuPont ROE | 26.804 % | |
| Return On Invested Capital (ROIC) | 0.487 % | |
| Return On Invested Capital QoQ | -42.435 % | |
| Return On Invested Capital YoY | -133.656 % | |
| Return On Invested Capital IPRWA | high: 6.694 % median: 4.077 % mean: 3.486 % AMSC: 0.487 % low: -7.193 % |
|