Nextpower Raises 2027 Revenue Outlook to $4.2–$4.45 Billion After Quarterly Growth
Key Facts
Nextpower raised its fiscal 2027 revenue outlook to a range of $4.2 billion to $4.45 billion, from $4.1 billion to $4.4 billion previously, after reporting results for the second quarter ended Oct. 2, 2026. Quarterly revenue was $1.109 billion, while the company reported net income of $165 million and diluted earnings per share of $1.08 under U.S. accounting standards. Adjusted diluted earnings per share reached $1.31. The company said bookings hit a quarterly record and its backlog exceeded $6 billion at quarter-end. These indicators bolster the company’s raised outlook, combining period results with orders awaiting fulfillment.
Compared with the corresponding period of the previous fiscal year, revenue rose to $1.109276 billion from $905.268 million in the three months ended Sept. 26, 2025. Net income increased to $165.453 million from $146.861 million, while diluted earnings per share rose to $1.08 from $0.97. For the first half of the fiscal year, revenue was $2.044 billion, compared with $1.770 billion in the year-earlier period. First-half net income was $330.808 million, compared with $304.044 million. The first-half figures place the quarterly results within a trajectory of revenue and net income growth compared with the corresponding period.
The company also raised its fiscal-year net income outlook to a range of $559–$598 million from $540–$573 million, and its diluted earnings-per-share range to $3.62–$3.87 from $3.42–$3.64. On an adjusted basis, the range for earnings before interest, taxes, depreciation and amortization is now $890–$940 million, compared with $870–$930 million previously. The company also raised its adjusted diluted earnings-per-share forecast to $4.61–$4.87 from $4.42–$4.73. The company said its adjusted earnings range excludes about $185 million in stock-based compensation, amortization of intangible assets and acquisition costs. Its adjusted earnings-per-share forecast excludes about $0.99 per share in items after the effect of taxes.
Chief Executive Dan Sugar said storage and complementary offerings represented about 22% of quarterly revenue, alongside continued strength in demand for tracking systems and accelerating orders for additional products and services. He added that "storage and complementary offerings accounted for about 22% of second-quarter revenue." Storage contributed about $100 million in revenue and more than $20 million in adjusted earnings before interest, taxes, depreciation and amortization, according to the earnings call. Its revenue included a behind-the-meter storage project for a data center operated by a Tier 1 hyperscaler. eBOS solutions bookings topped $100 million during the quarter, a quarterly record, and the company signed a framework agreement to supply 1.1 gigawatts of inverters across five projects.
Nextpower completed its acquisition of Zimmermann PV-Steel Group in October for about 230 million euros, subject to customary working-capital adjustments, with no share issuance or contingent payment. The deal added 15 countries to the company’s footprint, bringing the total to 68 countries. It also added structural and fixed-tilt system solutions to its portfolio. On liquidity, cash flow from operations was $158 million, and adjusted free cash flow reached about $135 million. The company ended the quarter with more than $1 billion in cash and cash equivalents and no debt, and returned about $162 million to shareholders through share repurchases.
The company expects revenue to grow about 10% year over year in the third quarter of fiscal 2027. But it expects adjusted earnings before interest, taxes, depreciation and amortization margin in that quarter to be about 1 to 2 percentage points below its level in the fourth quarter of fiscal 2027. The company’s shares closed at $82.08 on Oct. 28, up 3.32% from the previous session’s close of $79.44. The earnings-call report said the stock traded at $83 after the close, up 1.12% from the regular-session close. Nextpower is scheduled to hold a capital markets day in Las Vegas on Nov. 16, 2026, to present its long-term strategy and financial framework.