American Superconductor (AMSC) Research & Development (2009 - 2025)
American Superconductor (AMSC) reported Research & Development of $3.54 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 18.1% from $3 million a year earlier but down 5.0% from the prior quarter.
American Superconductor (AMSC) Research & Development (2009 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, American Superconductor's Research & Development came in at $15.07 million, up 47.3% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at $11.43 million, up 43.0% from FY2024.
- Research & Development has a five-year compound annual growth rate of 3.6% (FY2020 to FY2025).
- By fiscal year, Research & Development came in at $7.99 million in FY2024 (-10.9%), $8.97 million in FY2023 (-14.4%) and $10.47 million in FY2022.
- Five-year quarterly Research & Development spans a low of $1.64 million in fiscal Q2 2024 and a high of $11.02 million in fiscal Q4 2021.
- Year over year, Research & Development has now increased in each of the last nine quarters, with growth averaging 42.7% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was fiscal Q1 2026 (growth of 88.3%); the low point was fiscal Q4 2023 (a decline of 81.9%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $3.73 million (Q2 2026), $4.3 million (Q1 2026) and $3.49 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.10 Mn |
| 10 | American Superconductor | 1.39 Bn | 683.45 Mn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 3.54 Mn |
| Sep 30, 2025 | 3.73 Mn |
| Jun 30, 2025 | 4.30 Mn |
| Mar 31, 2025 | 3.49 Mn |
| Dec 31, 2024 | 3.00 Mn |
| Sep 30, 2024 | 2.65 Mn |
| Jun 30, 2024 | 2.29 Mn |
| Mar 31, 2024 | 2.30 Mn |
| Dec 31, 2023 | 2.20 Mn |
| Sep 30, 2023 | 1.64 Mn |
| Jun 30, 2023 | 1.85 Mn |
| Mar 31, 2023 | 1.89 Mn |
| Dec 31, 2022 | 2.08 Mn |
| Sep 30, 2022 | 2.31 Mn |
| Jun 30, 2022 | 2.68 Mn |
| Mar 31, 2022 | 10.47 Mn |
| Dec 31, 2021 | 2.66 Mn |
| Sep 30, 2021 | 2.67 Mn |
| Jun 30, 2021 | 3.04 Mn |
| Mar 31, 2021 | 11.02 Mn |
American Superconductor Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=AMSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "AMSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=AMSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();