Record $1.1B Quarter, $6B Backlog, and Raised FY27 Outlook
NXT is trading near its 52-week low of $75.405 (11% above the low).
Summary
Nextpower posted record Q2 FY27 revenue of $1,109 million, up 23% from $905 million a year ago and well above the $935 million booked in Q1 FY27. GAAP diluted EPS came in at $1.08 and adjusted diluted EPS at $1.31, with adjusted EBITDA of $250 million. The quarter was not clean on margins: GAAP gross margin fell to 31.1% from 35.9% in Q1 FY27 and 32.4% a year ago, and adjusted EBITDA margin slipped to 22.5% from 24.9%. Management raised the FY2027 revenue outlook to $4.2-$4.45 billion from $4.1-$4.4 billion and adjusted diluted EPS to $4.61-$4.87 from $4.42-$4.73. Bookings hit a quarterly record and backlog exceeded $6 billion, while the company closed the Zimmermann PV-Steel acquisition for roughly €230 million and ended the quarter with over $1 billion in cash, no debt, and about $162 million returned through buybacks. The raised guide and record backlog support the thesis, but the margin compression is the number to reconcile on the call. Nextpower hosts its Capital Markets Day in Las Vegas on November 16th.
At the time of this announcement, NXT was trading at $83.61 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $75.41 to $163.13. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.