Nextpower Posts Record $1.11B Q2 Revenue, Raises FY27 Outlook, Adds Two Directors
NXT sits 15% above its 52-week low of $75.405.
Summary
Nextpower reported record Q2 FY27 revenue of $1.11 billion and raised its FY27 revenue and EPS outlook, with backlog topping $6 billion. The board also grew to twelve members with the appointments of Sarah Slusser and Michael Alvarez.
Key Events · Earnings and Guidance · NXT
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Record Q2 Revenue of $1.11 Billion
Revenue rose to $1,109 million from $935 million in Q1 FY27 and $905 million a year ago, with GAAP net income of $165 million and diluted EPS of $1.08.
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FY27 Outlook Raised Across the Board
Revenue guidance moved to $4.2-$4.45 billion from $4.1-$4.4 billion, GAAP diluted EPS to $3.62-$3.87 from $3.42-$3.64, and Adjusted EBITDA to $890-$940 million from $870-$930 million.
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Margins Compress Despite Growth
GAAP gross margin fell to 31.1% from 35.9% in Q1 FY27 and adjusted EBITDA margin to 22.5% from 24.9%, so the revenue beat came with lower profitability per dollar.
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Backlog Tops $6 Billion
Bookings hit a quarterly record and backlog exceeded $6 billion, helped by a 1.1 GW inverter framework agreement and record eBOS bookings above $100 million.
Analysis · NXT · Manufacturing
The headline beat is real: revenue of $1.11 billion topped last quarter's $935 million and the year-ago $905 million. But the bigger news is the raised full-year guide, with revenue now seen at $4.2-$4.45 billion and adjusted EPS at $4.61-$4.87. Backlog above $6 billion on record bookings underpins that raise, and the company still carries over $1 billion of cash with no debt after spending roughly €230 million on Zimmermann and $162 million on buybacks. The offset is margin: GAAP gross margin fell to 31.1% from 35.9% last quarter and adjusted EBITDA margin slipped to 22.5% from 24.9%, so growth is coming at a cost. Separately, the board expanded to twelve with Sarah Slusser and Michael Alvarez, both renewable-energy operators, joining as independent directors.
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At the time of this filing, NXT was trading at $87.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $12.5B. The 52-week trading range was $75.41 to $163.13. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.