Nextpower Reports Q2 Fiscal Year 2027 Financial Results
Key Highlights
- ➤Q2 revenue $1.109 billion, up from $905 million year over year
- ➤Record bookings lifted backlog above $6 billion
- ➤FY2027 revenue outlook raised to $4.2-$4.45 billion
- ➤FY2027 adjusted EBITDA outlook raised to $890-$940 million
- ➤Zimmermann PV-Steel acquisition completed for approximately €230 million
Expert Statements
Dan Shugar, CEO and founder of Nextpower
“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 of Nextpower
“Customer adoption of our integrated platform is growing.”
Dan Shugar, CEO and founder of Nextpower
“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.”
Dan Shugar, CEO and founder of Nextpower
“These achievements reflect the strength of our customer relationships and differentiated technology.”
Dan Shugar, CEO and founder of Nextpower
“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 of Nextpower
“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 of Nextpower
“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.”
Chuck Boynton, CFO of Nextpower
“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).”
Nextpower(™) (Nasdaq: NXT), a leading provider of clean power technology solutions, today announced financial results for the second quarter for fiscal year 2027, ended October 2, 2026.
Q2 FY27Q1 FY27Q2 FY26 Revenue$1,109$935$905 GAAP Gross Profit$345$336$293 GAAP Gross Margin31.1 %35.9 %32.4 % GAAP Net Income$165$165$147 GAAP Net Income Margin14.9 %17.7 %16.2 % GAAP Diluted EPS$1.08$1.07$0.97 Adjusted Gross Profit$355$342$300 Adjusted Gross Margin32.0 %36.6 %33.1 % Adjusted EBITDA$250$233$224 Adjusted EBITDA Margin22.5 %24.9 %24.7 % Adjusted Net Income$202$186$181 Adjusted Diluted EPS$1.31$1.20$1.19
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