Nextpower Reports Q2 FY2027 Results, Raises Guidance and Completes Acquisition
Nextpower reported Q2 FY2027 revenue up 22% year over year, record order volumes and backlog exceeding $6 billion. It raised FY2027 revenue guidance to $4.2 billion-$4.45 billion and GAAP net income guidance to $559 million-$598 million, completed its acquisition of Zimmermann PV-Steel Group and repurchased $162 million of shares. Management cautioned about margin pressures in the second half.
Nextpower Inc. reported a 22% year-over-year revenue increase for the second quarter of fiscal 2027, supported by record order volumes and a total backlog exceeding $6 billion. Following these results, the company raised its fiscal 2027 revenue guidance to a range of $4.2 billion to $4.45 billion and its GAAP net income outlook to between $559 million and $598 million. Additionally, the company confirmed the completion of its acquisition of Zimmermann PV-Steel Group and the repurchase of $162 million of its own shares.
Despite the positive performance, management cautioned that the company faces margin pressures heading into the second half of the fiscal year.