Nextpower reported third-quarter fiscal 2026 revenue of $909 million, a 34% year-over-year increase from $679 million in Q3 FY25, driven by strength in both U.S. and international markets. GAAP gross profit rose 20% to $288 million, while GAAP net income climbed 12% to $131 million, representing a 14.4% net margin. On an adjusted basis, gross profit reached $295 million (32.4% margin) and EBITDA totaled $214 million (23.5% margin), both up 15%–20% year-over-year. The company finished the quarter with $953 million in cash and no debt, bolstered by $391 million of operating cash flow year-to-date.

On January 28, 2026, KeyBanc upgraded Nextpower’s stock rating to Overweight, citing confidence in the company’s evolving end-to-end solar technology platform and disciplined balance-sheet management. The upgrade follows Nextpower’s successful rebranding from a pure-play tracker supplier to a full-stack solar innovator, expansion of manufacturing capacity in the Southeast U.S., and the establishment of a Remote Monitoring Center to support project execution and performance optimization.

In conjunction with the earnings release, Nextpower raised its full-year revenue outlook to $3.425–3.500 billion (from $3.275–3.475 billion previously) and increased GAAP net income guidance to $525–540 million. Adjusted EBITDA forecasts were lifted to $810–830 million, while adjusted EPS expectations moved to $4.26–4.36. To return capital to shareholders, the board authorized a share repurchase program of up to $500 million over three years, underscoring management’s confidence in sustainable free-cash-flow generation and a strong investment-grade credit profile.