Nextpower raises FY2027 outlook after record Q1 revenue - NXT News | RalliesNextpower raises FY2027 outlook after record Q1 revenue
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NXT• Overview
- Clean power tech firm's fiscal Q1 revenue hit a record but slightly missed analyst expectations
- Adjusted diluted EPS for fiscal Q1 rose to $1.20 from $1.16 a year earlier
- Company backlog grew above $5.5 billion, boosted by acquisitions and strong bookings
FY2027 outlook
- Nextpower raises FY2027 revenue outlook to $4.1 billion-$4.4 billion from $4.0 billion-$4.4 billion
- Company expects FY2027 GAAP net income of $540 million-$573 million, up from $507 million-$573 million
- Company anticipates incremental costs of $50 million for power conversion market entry in FY2027
Result drivers
- Strong customer demand - Co cited robust demand and bookings momentum across core tracker products and complementary platform technologies
- Acquisitions - Recent acquisitions, including Prevalon, Apex Power, and Zigor assets, expanded platform and added to backlog
Key quarterly details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q1 Revenue | Slight Miss* | $935 million | $936.52 million (20 Analysts) |
| Q1 Gross Profit | | $336 million | |
| Q1 Operating Income | | $190.91 million | |
| Q1 Pretax Profit | | $198.93 million | |
Applies to a deviation of less than 1%; not applicable for per-share numbers.
