American Superconductor (AMSC) experienced a significant pre-market plunge of 8.75% on Thursday, extending losses from the previous after-hours session.
The sharp decline came despite the company reporting strong fourth-quarter results that exceeded analyst expectations. American Superconductor posted non-GAAP earnings per share of $0.31, beating the FactSet consensus estimate of $0.19, while revenue reached $86.4 million compared to expectations of $82.1 million.
However, investors focused on the company's weaker-than-expected guidance for the first quarter of fiscal 2026. American Superconductor forecast adjusted EPS to exceed $0.17 and revenue to surpass $85 million, falling short of analyst expectations of $0.22 per share and approximately $87.1 million in revenue, respectively. This disappointing outlook overshadowed the positive Q4 performance, leading to the pre-market sell-off.
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