Nextpower raises FY2027 outlook as Q2 revenue hits record $1.1 billion

Nextpower Inc. (NXT) reported record quarterly revenue of $1.1 billion for its fiscal second quarter ended Oct. 2, 2026, and raised its fiscal 2027 outlook, the company said in a press release filed with an 8-K on Oct. 28.

The company said net income was $165 million and adjusted EBITDA was about $250 million for the quarter.

Here's how the company did:

• Revenue: $1,109 million vs. $905 million a year earlier
• GAAP diluted EPS: $1.08 vs. $0.97 a year earlier
• Adjusted diluted EPS: $1.31 vs. $1.19 a year earlier

The company's record backlog exceeded $6 billion, and bookings reached a quarterly record, according to the release.

2026 outlook

The company raised its FY2027 revenue forecast to $4.2 billion to $4.45 billion, from $4.1 billion to $4.4 billion. It raised its adjusted diluted EPS forecast to $4.61 to $4.87, from $4.42 to $4.73.

The company said its adjusted EBITDA range is $890 million to $940 million, up from $870 million to $930 million.

Board appointments

The company said on Oct. 26 that its board increased in size from ten to twelve and appointed Sarah Slusser and Michael Alvarez as directors. Slusser will serve as a Class II director effective Nov. 1, 2026. Alvarez will serve as a Class III director effective Dec. 1, 2027.

Acquisition completed

The company completed the Zimmermann PV-Steel Group acquisition for approximately €230 million, subject to customary working capital adjustments, with no stock or earnout, the release said.

CEO Dan Shugar said, "Nextpower delivered record quarterly revenue and bookings and grew backlog to more than $6 billion."

CFO Chuck Boynton said the company ended the quarter with over $1 billion of cash and no debt, and returned approximately $162 million to shareholders through share repurchases.

The company will hold a Capital Markets Day in Las Vegas on Nov. 16.