Nextpower Q2 2027: Six Straight Beats, $6B Backlog, Raised Outlook
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Backlog above $6 billion and a raised full-year outlook gave the solar tracker maker its sixth straight quarter of beating consensus. The offset: GAAP gross margin eased as acquisitions and R&D spending ramped.
Continue ReadingShow less
Nextpower posted adjusted diluted EPS of $1.31 for its fiscal second quarter, beating expectations and extending a streak of consensus beats that now runs six quarters without a miss. Revenue also beat expectations, driven by continued strength in its core tracker business and demand for complementary products.
Energy storage and other complementary offerings made up roughly 22% of Q2 revenue, record eBOS bookings came in the quarter, and a 1.1-gigawatt inverter supply agreement was signed with a Tier 1 independent power producer. Backlog surpassed $6 billion, giving the company a substantial runway of contracted future work.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
The acquisition of Zimmermann PV-Steel Group, completed in October, added fixed-tilt and structural capabilities and expanded Nextpower's footprint to 68 markets across 15 new countries. That deal, combined with rising R&D spending, weighed on GAAP gross margin, which eased to 31.1%. Investors watching the margin line will want to track whether integration costs fade in the back half of the fiscal year.
Management raised its full-year revenue and adjusted diluted EPS guidance, lifting the top end of the EPS outlook to $4.87. A Capital Markets Day scheduled for November 16 is expected to lay out the longer-term financial framework, making it the next concrete moment for the market to reassess whether the platform expansion justifies the margin pressure already underway.
Mentioned: NXT