The Q4 YoY decline in revenue and EPS is a clear negative signal, but the raised FY27 guidance and record backlog suggest the weakness may be timing-related. Watch the Q1 FY27 earnings call for evidence of revenue re-acceleration and the status of the power conversion acquisition (FDI approval). The COO transition is neutral but the new COO's background in solar recycling and Amazon operations is a positive for operational scale.
Price Chart
Executive Summary
Nextpower reported Q4 FY26 revenue of $880.5M (down 4.7% YoY from $924.3M) and GAAP diluted EPS of $0.97 (down 7.6% YoY from $1.05), missing consensus estimates of $0.93 EPS on $829.8M revenue. The company raised its FY27 revenue outlook to $3.8-$4.1B (from $3.6-$3.8B) and announced a COO transition, but the headline YoY declines in both revenue and earnings make this a bearish report despite the raised guidance.
Key Financial Metrics
Key Facts
- Q4 FY26 revenue $880.5M, down 4.7% YoY from $924.3M
- Q4 FY26 GAAP diluted EPS $0.97, down 7.6% YoY from $1.05
- Q4 FY26 GAAP net income $150.6M, down 4.6% YoY from $157.8M
- FY26 full-year revenue $3.56B, up 20% YoY from $2.96B
- FY26 full-year GAAP diluted EPS $3.84, up 10.7% YoY from $3.47
- Raised FY27 revenue outlook to $3.8-$4.1B from $3.6-$3.8B
- Raised FY27 adjusted diluted EPS outlook to $4.21-$4.59
- Record FY26 revenue and record backlog of over $5.25B
- COO transition: Robert Vinje appointed, Marco Miller moves to Chief Project Development Officer
- Announced agreement to acquire power conversion product lines (subject to FDI approval)
Financial Impact
Q4 revenue miss of ~$50.7M vs consensus; GAAP EPS beat of $0.04 vs consensus; FY27 revenue guidance midpoint $3.95B vs prior $3.7B midpoint
Risk Factors
- Q4 revenue declined 4.7% YoY despite full-year growth of 20% — the trend is decelerating
- GAAP operating income fell 21.4% YoY in Q4 ($153.6M vs $195.3M)
- Adjusted EBITDA margin compressed to 22.9% in Q4 from 26.2% a year ago
- Power conversion acquisition requires Spanish government FDI approval — execution risk
- FY27 guidance includes $50M incremental costs for power conversion market entry, pressuring near-term margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001852131-26-000014 |
| Document: nxt-20260510.htm | 0001852131-26-000014 |
| Document: 0001852131-26-000014-index-headers.html | 0001852131-26-000014 |
| Document: 0001852131-26-000014-index.html | 0001852131-26-000014 |
| Document: 0001852131-26-000014.txt | 0001852131-26-000014 |
| 8-K Data (Synthetic) | 0001852131-26-000014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Institutional Cluster | $78.89 | awaiting T+60 | — | $79.44 (+0.70%) |
Oct 23, 2026 4d ago | PTAB Trial | $76.48 | awaiting T+60 | — | $79.44 (+3.87%) |
Sep 1, 2026 8w ago | 144 | $83.07 | awaiting T+60 | — | $79.44 (+4.37%) |
Aug 24, 2026 9w ago | Insider Cluster | $84.81 | awaiting T+60 | — | $79.44 (−6.33%) |
Aug 12, 2026 10w ago | Insider Cluster | $104.55 | awaiting T+60 | — | $79.44 (−24.02%) |
Aug 11, 2026 11w ago | Insider Cluster | $103.67 | awaiting T+60 | — | $79.44 (−23.37%) |
Aug 11, 2026 11w ago | 144 | $102.91 | awaiting T+60 | — | $79.44 (+22.81%) |
Aug 11, 2026 11w ago | 144 | $102.91 | awaiting T+60 | — | $79.44 (−22.81%) |
Aug 10, 2026 11w ago | 144 | $102.91 | awaiting T+60 | — | $79.44 (+22.81%) |
Jun 22, 2026 18w ago | 144 | $120.64 $78.03 | ▼ −35.32% | ▼ −38.57% | $79.44 (−34.15%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers