$NXT · Nextpower Inc.
Nextpower Inc. reported Q2 FY27 results via 8-K (Items 2.02, 5.02, 9.01): record revenue of $1.109B (+22.6% YoY), GAAP diluted EPS of $1.08, adjusted diluted EPS of $1.31, and adjusted EBITDA of $250M. The company raised its full-year FY2027 outlook across all metrics, with revenue now guided to $4.2–$4.45B and adjusted EPS to $4.61–$4.87. Backlog surpassed $6B on record quarterly bookings. The Board expanded to 12 members with the appointments of Sarah Slusser and Michael Alvarez.
- Revenue of $1.109B, up 22.6% YoY from $905M and up 18.6% sequentially from $935M.
- Adjusted diluted EPS of $1.31 vs $1.19 YoY; GAAP diluted EPS of $1.08 vs $0.97 YoY.
- Backlog exceeded $6B on record quarterly bookings; eBOS bookings hit a quarterly record of over $100M.
- FY2027 revenue guidance raised to $4.2–$4.45B (from $4.1–$4.4B); adjusted EPS raised to $4.61–$4.87 (from $4.42–$4.73).
- Board expanded from 10 to 12 directors; Sarah Slusser (ex-CEO Cypress Creek Renewables) and Michael Alvarez appointed.
Extended-hours trading at $86.20, up 3.64% vs the regular close of $83.17, reflecting a positive reaction to the revenue beat, raised guidance, and record backlog. The $12.62B market cap company delivered broad-based strength across its product portfolio.
A clean beat-and-raise quarter with record revenue, record bookings, $6B+ backlog, and no debt against $1B+ cash — all while expanding the board with seasoned renewables expertise.
Nextpower's results underscore accelerating utility-scale solar and storage demand, with integrated platform adoption driving 22% of Q2 revenue from energy storage and complementary offerings. The Zimmermann PV-Steel acquisition (~€230M) expands European reach to 68 countries and adds fixed-tilt/structural solutions, mirroring industry consolidation toward full-scope clean-power technology providers.
Gross margin compression: GAAP gross margin fell to 31.1% from 35.9% sequentially (Q1 FY27) and 32.4% YoY, driven partly by product mix shift toward energy storage and complementary offerings. Adjusted gross margin also declined to 32.0% from 36.6% sequentially. Q3 FY27 adjusted EBITDA margin guided 1–2 percentage points below Q4 FY27.