Nextpower reports record Q1 revenue of $935M, raises FY2027 guidance, closes Prevalon acquisition

Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read

Key Changes

• high

  Q1 FY2027 revenue reached $935M (up 8% YoY), with GAAP net income of $165M and diluted EPS of $1.07. Gross margin expanded to 35.9% from 32.6% a year earlier.

  Exhibit 99.1 view on EDGAR →
• high

  Backlog grew to over $5.5B. Prevalon energy storage acquisition (closed July 2026) added more than $300M in incremental backlog. Also acquired Apex Power and Zigor inverter assets, and announced agreement to acquire Zimmermann PV-Steel Group.

  Exhibit 99.1 view on EDGAR →
• high

  Raised low end of FY2027 guidance: revenue now $4.1-$4.4B (from $4.0-$4.4B), GAAP diluted EPS $3.42-$3.64 (from $3.22-$3.64), adjusted EBITDA $870-$930M (from $845-$930M).

  Exhibit 99.1 view on EDGAR →