Slide 1: Transformative Power Solutions
Transformative Power Solutions Designing, developing and deploying power control systems that harmonize an increasingly complex energy system AUGUST| 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities United States that may be either directly or indirectly related to governmental entities and risks Act of 1933 as amended (the "Securities Act"), and Section 21E of th
Slide 3: Table of Contents
Table of Contents 1 AMSC at a Glance PG. 04 2 Recent Acquisitions PG. 08 3 Positioned for Growth in Core Markets PG. 09 4 Investment Highlights PG. 11 5 AMSC Financial Performance PG. 12 © AMSC 2026 | 3
Slide 4: American Superconductor at a Glance
American Superconductor at a Glance Ticker: AMSC (NASDAQ) Enabling customers to power their factories in ways that scale without adding complexity or size Key Drivers How AMSC is Positioned to Capitalize on the Opportunity Strengthening Manufacturing and Voltage management, power conversion, and tra
Slide 5: Transformative Growth Led by Grid Expansion
Transformative Growth Led by Grid Expansion Power control solutions that position us for growth From $56M to $299M: A Seven-Year Growth Story Opportunities $ in USD millions $299 Materials & Semiconductors $223 Total Revenue grew by $299 Protects the fab & mining 34% year-on-year operations from gri
Slide 6: Traditional Energy: A Growing Opportunity for Power Systems
Traditional Energy: A Growing Opportunity for Power Systems Positioned to capitalize on the resurgence of the traditional energy sector Market Resurgence in Traditional Power • Investments in the Permian Basin and other regions are reviving upstream, midstream, and downstream activity Driving Indust
Slide 7: Significant Semiconductor Market Opportunities
Significant Semiconductor Market Opportunities Rapid growth increases demand for power quality and control solutions to support fab reliability and efficiency The U.S. is the fastest-growing semiconductor manufacturing base, Power Resiliency and with ~200% capacity growth expected, double the global
Slide 8: Strategic Acquisitions Strengthening Operating Performance
Strategic Acquisitions Strengthening Operating Performance AMSC’s successful acquisitions leading to larger sales in multiple markets and driving financial performance Acquisitions More Content in More Markets October 2020 Northeast Power Systems May 2021 Neeltran August 2024 NWL December 2025 Comtr
Slide 9: Positioned for Growth in Core Markets
Positioned for Growth in Core Markets $ in USD millions; FYE 3/31 Now Next Significant investments in Semiconductors and Traditional Energy More Power Demand in Emerging Markets More Ships with More Content Power Supply and Power Quality Power Systems Ship Power and Protection • Power quality, contr
Slide 10: Power Quality Solutions that Position Us for Growth
Power Quality Solutions that Position Us for Growth Electrical Control System for Power Conversion, Power Quality, Reliability, and Resilient Electric Ship Protection Wind Turbines (wtECS ) Control, and Supply Systems Transformer Solutions Grid (REG) Systems Systems (SPS) Voltage regulation, harmoni
Slide 11: Investment Highlights
Investment Highlights • FQ1’26 drove a record revenue quarter of over 30% YoY to more than $90 Million. • Large and growing market opportunity driven by the materials sector (incl. semiconductors), traditional energy, the proliferation of renewable energy generation, utility sector and early tractio
Slide 12: AMSC Financial Performance
AMSC Financial Performance $ in USD millions Revenue Q2’FY26 Guidance (as of Aug. 5, 2026)1 Guidance > $94.1 $86.4 >$85 > > > Revenue > $85 Net Income > $1 Non-GAAP Net Income * > $8 Q4 FY26A Q1 FY26A Q2 FY26E 1 This Q2FY26 guidance and expected Q2 revenue were provided on AUG. 5, 2026, and are not
Slide 13: Reconciliation of Forecast GAAP to Non-GAAP Net Income
Reconciliation of Forecast GAAP to Non-GAAP Net Income In millions Three Months Ending September 30, 2026 Net Income $ 1.0 Stock-based compensation 6.3 Amortization of acquisition-related intangibles 0.7 Non-GAAP net income $ 8.0 Note: Non-GAAP net income is defined by the Company as net income befo
Slide 14: to the next power
to the next power