Nextpower Inc.: Beat — EPS $1.31, Revenue $1.11B
Earnings BeatQ2 2027 · After-market
Did Nextpower Inc. (NXT) beat earnings today?
Yes, Nextpower Inc. (NXT) beat Wall Street analyst expectations for Q2 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+19.09% surprise
$1.31Actual
Expected: $1.10
vs. year ago +10.1%
Total Revenue+4.65% surprise
$1.11BActual
Expected: $1.06B
vs. year ago +22.5%
Released Oct 28 · 4:05 PM ET
Earning Report
| Metric | Q2 FY27 | Q2 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $1.11B | $905.27M | +22.5% |
| GAAP Net Income | $165.45M | $146.86M | +12.7% |
| GAAP Basic EPS | $1.09 | $0.99 | +10.1% |
| GAAP Diluted EPS | $1.08 | $0.97 | +11.3% |
| Adjusted Diluted EPS | $1.31 | $1.19 | +10.1% |
Financial Outlook / Guidance
| Metric | Q3 FY27 Outlook | FY27 Outlook |
|---|---|---|
| Revenue | ~10% YoY growth | $4.2B-$4.45B (prev. $4.1B-$4.4B) |
| GAAP Net Income | — | $559M-$598M (prev. $540M-$573M) |
| GAAP Diluted EPS | — | $3.62-$3.87 (prev. $3.42-$3.64) |
| Adjusted EBITDA | ~1-2 percentage points below Q4 FY27 | $890M-$940M (prev. $870M-$930M) |
| Adjusted Diluted EPS | — | $4.61-$4.87 (prev. $4.42-$4.73M) |
Business Highlights
- ➤Completed the Zimmermann PV-Steel Group acquisition for approximately €230 million.
- ➤Announced Sarah Slusser and Michael Alvarez will join the Board.
- ➤Deployed NX Earth Truss™ foundations with NX Horizon® trackers equipped with Hail Pro™.
- ➤Secured a U.S. patent for NX PowerMerge™, now in commercial deployment at scale.
- ➤Added fixed-tilt and structural solutions through the Zimmermann acquisition.
- ➤Secured a 1.1 GW inverter framework agreement across five projects.
- ➤Shipped first NX Power Conversion systems to customers.
- ➤eBOS and foundations achieved record quarterly bookings.
- ➤Zimmermann added 15 countries, expanding reach to 68 countries.
- ➤Returned approximately $162 million to shareholders through share repurchases.
Management Commentary
Dan Shugar, CEO and founder
“Nextpower delivered record quarterly revenue and bookings and grew backlog to more than $6 billion, reflecting continued demand strength for our tracker products, alongside rapidly accelerating demand and orders for our additional products and services.”
Dan Shugar, CEO and founder
“Customer adoption of our integrated platform is growing. Recent examples include energy storage and other complementary offerings accounting for approximately 22% of our Q2 revenue, record quarterly eBOS bookings of more than $100 million, and a 1.1-gigawatt inverter supply agreement signed with a leading Tier 1 IPP. These achievements reflect the strength of our customer relationships and differentiated technology. We remain focused on expanding our participation across the project lifecycle, helping customers build faster, enhance yield, and optimize long-term operation.”
Chuck Boynton, CFO
“Our team’s strong execution across the business led to record quarterly revenue and adjusted EBITDA with cash flow from operations of $158 million and strong adjusted free cash flow of approximately $135 million.”
Chuck Boynton, CFO
“We ended the quarter with over $1 billion of cash and cash equivalents and no debt, while funding new acquisitions and returning approximately $162 million to shareholders through share repurchases. We look forward to sharing more about our long-term strategy and financial framework at our Capital Markets Day in Las Vegas on November 16(th).”