Nextpower reported three-month revenue growth of 23% and net income growth of 13% for the period ended October 2, 2026. It completed the Zimmermann acquisition and reported over $1.9 billion in total liquidity.
NXT · Nextpower Inc.
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NextPower reported record revenue of over $1.1 billion and adjusted EBITDA of approximately $250 million, while raising fiscal year 2027 revenue guidance to $4.2 billion to $4.45 billion and adjusted EBITDA guidance to $890 million to $940 million.
Nextpower posted over $1.1 billion revenue, $165 million GAAP net income and approximately $250 million adjusted EBITDA for the quarter ended October 2, 2026. Backlog exceeded $6 billion, and Sarah Slusser and Michael Alvarez will join the Board.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY27 earnings call · Oct 28, 2026TL;DR. Nextpower delivered record revenue, bookings, backlog, and adjusted EBITDA, raised its fiscal 2027 outlook and free-cash-flow estimate, and expanded its storage, inverter, and European offerings. The outlook faces a sequentially weaker Q3, lower second-half margins, elevated logistics and steel costs, power-conversion ramp investment, tariff and permitting risks, and reduced expectations for Zimmermann.
- + Sarah Slusser and Michael Alvarez were announced as incoming directors with experience across renewables, power generation, project operations, finance, and risk management.
- − Q3 revenue is expected to decline sequentially from record Q2 levels despite approximately 10% year-over-year growth.
- − Adjusted gross and EBITDA margins are expected to be lower in the second half than in the first half.
- − The power-conversion ramp will require approximately $40 million of capital expenditure and an approximately $50 million P&L impact over the next 12 months.
- − Expectations for Zimmermann were reduced to approximately $100 million of revenue and $10 million of adjusted EBITDA for the balance of fiscal 2027.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted diluted earnings per share non-GAAP | $1.2 | Three-month periods ended July 3, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP diluted earnings per share $1.07
+$0.13 Earnings per share attributable to Non-GAAP adjustments
= Adjusted diluted earnings per share $1.2
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| Adjusted EBITDA non-GAAP | $233M | Q1 FY27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net income 165.36M
-9.16M Interest, net
+33.57M Provision for income taxes
+5.39M Depreciation expense
+3.38M Intangible amortization
+29.64M Stock-based compensation expense
+4.15M Acquisition related costs
+0K Other tax related loss, net
+235K Other
= Adjusted EBITDA 232.55M
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| Adjusted EBITDA & margin non-GAAP | 232.55M | Three-month periods ended July 3, 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 24.9% | Q1 FY27 | — |
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| Adjusted free cash flow non-GAAP | 105.16M | Q1 FY27 | — |
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GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 121.06M
-15.9M Purchases of property and equipment
= Adjusted free cash flow 105.16M
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| Adjusted gross margin non-GAAP | 36.6% | Three-month periods ended July 3, 2026 | — |
| Adjusted gross profit & margin non-GAAP | 342.28M | Three-month periods ended July 3, 2026 | — |
| Adjusted net income & margin non-GAAP | 186.26M | Three-month periods ended July 3, 2026 | — |
| Adjusted net income margin non-GAAP | 19.9% | Three-month periods ended July 3, 2026 | — |
| Adjusted operating income & margin non-GAAP | 228.07M | Three-month periods ended July 3, 2026 | — |
| Adjusted operating margin non-GAAP | 24.4% | Three-month periods ended July 3, 2026 | — |
| Backlog | 5.5B | Q1 FY27 | — |
| Cumulative PowerMerge bookings | 850 | Q1 FY27 | — |
| Global project footprint (countries) | 50 | Q1 FY27 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Solar — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NXT
this stock
Nextpower Inc.
|
$14.31B | +9.1% | +20.3% | 23.9 | 6.8% |
|
FSLR
First Solar, Inc.
|
$18.42B | -34.4% | +24.1% | 9.9 | 10.4% |
|
ENPH
Enphase Energy, Inc.
|
$3.45B | -18.7% | +10.7% | 38.9 | 20.7% |
|
RUN
Sunrun Inc.
|
$2.09B | -53.1% | +13.0% | 4.4 | 29.4% |
|
SMTGF
SMA Solar Technology AG
|
$1.94B | +47.1% | — | — | 0.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 2, 2026
- This year
- 17
Nextpower reported three-month revenue growth of 23% and net income growth of 13% for the period ended October 2, 2026. It completed the Zimmermann acquisition and reported over $1.9 billion in total liquidity.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NXT | -9.4% | +18.7% | -27.6% | +19.8% | +9.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -12.0% | +19.9% | -28.1% | +20.0% | -1.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.