Quarterly ResultMay 12, 2026, 04:14 PM
Nextpower Reports Record FY26 Revenue $3.56B; Raises FY27 Outlook
AI Summary
Nextpower Inc. reported record financial results for fiscal year 2026, with revenue reaching $3.56 billion, a 20% increase year-over-year, and strong profitability. The company also raised its financial outlook for fiscal year 2027, projecting higher revenue and Adjusted EBITDA. Additionally, Nextpower announced the appointment of Robert Vinje as its new Chief Operating Officer, effective June 15, 2026, with current COO Marco Miller transitioning to Chief Project Development Officer.
Key Highlights
- Nextpower achieved record FY26 revenue of $3.56 billion, a 20% increase year-over-year.
- FY26 GAAP Net Income was $585.88 million, with GAAP Diluted EPS of $3.84.
- Q4 FY26 revenue was $881 million, GAAP Net Income was $151 million, and GAAP Diluted EPS was $0.97.
- Nextpower raised its FY27 revenue outlook to $3.8 billion to $4.1 billion (previously $3.6 billion to $3.8 billion).
- FY27 Adjusted EBITDA outlook was raised to $825 million to $900 million (previously $800 million to $900 million).
- Robert Vinje was appointed Chief Operating Officer, effective June 15, 2026.
- Mr. Vinje's compensation includes an annual base salary of $475,000 and a target annual equity award of $4,000,000.
- Nextpower announced an agreement to acquire key power conversion product lines and IP, subject to FDI approval.