The raised FY27 guidance and record backlog of over $6B provide strong visibility into near-term revenue. Watch the Q3 FY27 margin commentary, as the company guided for adjusted EBITDA margin roughly 1-2 percentage points below Q4 FY27. The Capital Markets Day on November 16 may provide further strategic detail on the platform expansion.
Price Chart
Executive Summary
Nextpower reported record Q2 FY27 revenue of $1.109B, up 22.5% YoY, and GAAP diluted EPS of $1.08, up 11.3% YoY. The company raised its full-year FY27 guidance across all metrics, with revenue now expected at $4.2B-$4.45B. Two independent directors were appointed to the board. The combination of a strong beat, raised guidance, and record backlog supports a bullish read.
Key Financial Metrics
Key Facts
- Record quarterly revenue of $1.109B, up 22.5% from $905M in Q2 FY26
- GAAP diluted EPS of $1.08, up from $0.97 in Q2 FY26
- Adjusted diluted EPS of $1.31, up from $1.19 in Q2 FY26
- Record quarterly bookings, backlog exceeded $6B
- FY27 revenue guidance raised to $4.2B-$4.45B from $4.1B-$4.4B
- FY27 GAAP diluted EPS guidance raised to $3.62-$3.87 from $3.42-$3.64
- Completed Zimmermann PV-Steel Group acquisition for ~$230M
- Appointed Sarah Slusser and Michael Alvarez to the Board of Directors
- Repurchased $162M of common stock in H1 FY27
- Ended quarter with $1.03B cash and no debt
Financial Impact
Revenue beat consensus by ~$49M (4.6%), GAAP EPS of $1.08 vs consensus $1.10 (in-line), but adjusted EPS of $1.31 is the Street basis and represents a beat vs the $1.10 consensus. Full-year guidance raised across all metrics.
Risk Factors
- GAAP gross margin declined to 31.1% from 32.4% a year ago, partly due to product mix and acquisition costs
- Integration risk from the Zimmermann acquisition and potential future M&A
- Dependence on IRA 45X tax credits ($99M in Q2 FY27) which may not be permanent
- Foreign direct investment approval still pending for the previously announced Spanish power conversion asset acquisition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001852131-26-000055 |
| Document: nxt-20261026.htm | 0001852131-26-000055 |
| Document: 0001852131-26-000055-index-headers.html | 0001852131-26-000055 |
| Document: 0001852131-26-000055-index.html | 0001852131-26-000055 |
| Document: 0001852131-26-000055.txt | 0001852131-26-000055 |
| 8-K Data (Synthetic) | 0001852131-26-000055 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 8-K | $85.28 | awaiting T+60 | awaiting T+60 | $79.33 (−6.98%) |
Oct 22, 2026 7d ago | Institutional Cluster | $78.89 | awaiting T+60 | awaiting T+60 | $79.33 (+0.56%) |
Oct 23, 2026 7d ago | PTAB Trial | $76.48 | awaiting T+60 | awaiting T+60 | $79.33 (+3.73%) |
Sep 1, 2026 8w ago | 144 | $83.07 | awaiting T+60 | awaiting T+60 | $79.33 (+4.50%) |
Aug 24, 2026 9w ago | Insider Cluster | $84.81 | awaiting T+60 | awaiting T+60 | $79.33 (−6.46%) |
Aug 12, 2026 11w ago | Insider Cluster | $104.55 | awaiting T+60 | awaiting T+60 | $79.33 (−24.12%) |
Aug 11, 2026 11w ago | Insider Cluster | $103.67 | awaiting T+60 | awaiting T+60 | $79.33 (−23.48%) |
Aug 11, 2026 11w ago | 144 | $102.91 | awaiting T+60 | awaiting T+60 | $79.33 (+22.91%) |
Aug 11, 2026 11w ago | 144 | $102.91 | awaiting T+60 | awaiting T+60 | $79.33 (−22.91%) |
Aug 10, 2026 11w ago | 144 | $102.91 | awaiting T+60 | awaiting T+60 | $79.33 (+22.91%) |
US Market Status
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