--- title: "Nextpower | 8-K: FY2027 Q1 Revenue Misses Estimate at USD 935.17 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294409467.md" datetime: "2026-07-30T20:14:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294409467.md) - [en](https://longbridge.com/en/news/294409467.md) - [zh-HK](https://longbridge.com/zh-HK/news/294409467.md) --- # Nextpower | 8-K: FY2027 Q1 Revenue Misses Estimate at USD 935.17 M Revenue: As of FY2027 Q1, the actual value is USD 935.17 M, missing the estimate of USD 943.21 M. EPS: As of FY2027 Q1, the actual value is USD 1.07, beating the estimate of USD 0.8258. EBIT: As of FY2027 Q1, the actual value is USD 199.18 M. ### Financial Performance Q1 FY27 (ended July 3, 2026) #### GAAP Metrics - **GAAP Gross Profit**: Nextpower Inc. reported a GAAP gross profit of $336 million for Q1 FY27, an increase from $297 million in Q4 FY26 and $282 million in Q1 FY26. - **GAAP Gross Margin**: The GAAP gross margin was 35.9% in Q1 FY27, up from 33.8% in Q4 FY26 and 32.6% in Q1 FY26. - **GAAP Net Income**: GAAP net income for Q1 FY27 was $165 million, compared to $151 million in Q4 FY26 and $157 million in Q1 FY26. - **GAAP Net Income Margin**: The GAAP net income margin for Q1 FY27 was 17.7%, slightly up from 17.1% in Q4 FY26 but down from 18.2% in Q1 FY26. - **Operating Income**: Operating income was $190,907 thousand for Q1 FY27, an increase from $153,586 thousand in Q4 FY26, but lower than $186,230 thousand in Q1 FY26. - **Cost of Sales**: Cost of sales was $599,317 thousand in Q1 FY27, compared to $583,140 thousand in Q4 FY26 and $582,527 thousand in Q1 FY26. - **Selling, General and Administrative Expenses**: These expenses were $100,438 thousand in Q1 FY27, similar to $100,625 thousand in Q4 FY26, but higher than $73,936 thousand in Q1 FY26. - **Research and Development**: Research and development expenses were $44,508 thousand in Q1 FY27, up from $43,166 thousand in Q4 FY26 and $21,560 thousand in Q1 FY26. - **Interest Expense**: Interest expense was $253 thousand in Q1 FY27, decreasing from $338 thousand in Q4 FY26 and $1,216 thousand in Q1 FY26. - **Other Income, Net**: Other income, net, was - $8,271 thousand in Q1 FY27, compared to - $6,387 thousand in Q4 FY26 and - $5,953 thousand in Q1 FY26. - **Provision for Income Taxes**: The provision for income taxes was $33,570 thousand in Q1 FY27, an increase from $9,032 thousand in Q4 FY26, but similar to $33,784 thousand in Q1 FY26. #### Adjusted (Non-GAAP) Metrics - **Adjusted Gross Profit**: Nextpower Inc. reported an adjusted gross profit of $342 million for Q1 FY27, up from $304 million in Q4 FY26 and $285 million in Q1 FY26. - **Adjusted Gross Margin**: The adjusted gross margin was 36.6% in Q1 FY27, compared to 34.5% in Q4 FY26 and 33.0% in Q1 FY26. - **Adjusted EBITDA**: Adjusted EBITDA reached $233 million in Q1 FY27, increasing from $202 million in Q4 FY26 and $215 million in Q1 FY26. - **Adjusted EBITDA Margin**: The adjusted EBITDA margin was 24.9% in Q1 FY27, up from 22.9% in Q4 FY26 and consistent with 24.9% in Q1 FY26. - **Adjusted Net Income**: Adjusted net income was $186 million in Q1 FY27, compared to $162 million in Q4 FY26 and $176 million in Q1 FY26. #### IRA 45X Tax Credit - Q1 FY27, Q4 FY26, and Q1 FY26 results include approximately $99 million, $47 million, and $82 million, respectively, of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs, net. #### Balance Sheet Highlights - **Cash and Cash Equivalents**: As of July 3, 2026, cash and cash equivalents were $1,213,898 thousand, up from $1,094,976 thousand as of March 31, 2026. - **Total Assets**: Total assets were $4,262,207 thousand as of July 3, 2026, increasing from $4,073,212 thousand as of March 31, 2026. - **Total Stockholders’ Equity**: Total stockholders’ equity stood at $2,557,103 thousand as of July 3, 2026, an increase from $2,334,397 thousand as of March 31, 2026. #### Cash Flow from Operations - **Net Cash Provided by Operating Activities**: Nextpower Inc. generated $121,059 thousand in net cash from operating activities in Q1 FY27, compared to $81,324 thousand in Q1 FY26. - **Purchases of Property and Equipment**: Purchases of property and equipment were - $15,899 thousand in Q1 FY27, compared to - $11,258 thousand in Q1 FY26. - **Adjusted Free Cash Flow**: Adjusted free cash flow was $105,160 thousand in Q1 FY27, up from $70,066 thousand in Q1 FY26. #### Operational Metrics - **Backlog**: Backlog grew to more than $5.5 billion. - **Acquisitions**: The company expanded its clean power technology platform through the acquisition of the Prevalon energy storage business and key assets of Apex Power and Zigor Corporation’s inverter business. - **eBOS Bookings and Revenue**: Nextpower Inc. delivered record quarterly eBOS bookings, with eBOS revenue on track to exceed well over $100 million for the year. - **Market Share**: The company expanded its #1 U.S. and global tracker market shares, according to Wood Mackenzie, and its global project footprint to over 50 countries. #### FY2027 Annual Outlook - The updated outlook for GAAP net income is projected to be between $540 million and $573 million, an increase from the previous range. - Adjusted EBITDA is now expected to be between $870 million and $930 million, also an increase from the prior outlook. - This updated guidance incorporates approximately $50 million in planned incremental costs associated with accelerating Nextpower Inc.’s entry into the power conversion market. ### Related Stocks - [NXT.US](https://longbridge.com/en/quote/NXT.US.md) ## Related News & Research - [Nextpower (NXT) Reports Earnings Tomorrow: What To Expect](https://longbridge.com/en/news/294146700.md) - [Nextpower Stock Gears Up for Q1 Earnings Report](https://longbridge.com/en/news/294236747.md) - [Nextpower raises FY2027 outlook after record Q1 revenue](https://longbridge.com/en/news/294410165.md) - 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