TLDR

• Nextpower (NXT) stock jumps as Q3 revenue surges 34% and a $500 million buyback follows.
• Nextpower raises FY2026 guidance after revenue hits $909 million, up 34% year over year.
• Nextpower posts stronger Q3 sales and lifts its earnings outlook while margins decline.
• Nextpower authorizes a $500 million share buyback as cash reserves reach $953 million.
• Nextpower shares climb after strong Q3 results, higher guidance, and global solar expansion.

Nextpower Inc. (NXT) shares climbed 3.32% to $82.08 at market close before rising another 2.14% to $83.84 after hours. The gains followed strong fiscal third-quarter results, with revenue increasing 34% year over year to $909 million. Additionally, the company raised its fiscal 2026 outlook and authorized a $500 million share repurchase program.

Nextpower Inc., NXT

Nextpower Q3 Revenue Climbs 34% as Profitability Improves

Nextpower reported third-quarter fiscal 2026 revenue of $909 million, compared with $679 million in the same period last year. Revenue also edged higher from $905 million in the previous quarter, reflecting continued demand for its solar technology products. GAAP gross profit increased 20% year over year to $288 million.

However, GAAP gross margin declined to 31.7% from 35.5% a year earlier. GAAP net income reached $131 million, compared with $117 million in the prior-year quarter. Diluted earnings per share rose to $0.85 from $0.79, although they fell from $0.97 in the previous quarter.

Adjusted results also showed year-over-year growth, with gross profit reaching $295 million and adjusted EBITDA increasing to $214 million. Adjusted diluted earnings per share rose to $1.10 from $1.03 in the year-ago quarter. Nevertheless, adjusted EBITDA margin declined to 23.5% from 27.4%, indicating lower margins despite higher revenue.

$500 Million Buyback Strengthens Nextpower’s Capital Return Plans

Nextpower’s board authorized a share repurchase program covering up to $500 million of its outstanding Class A common stock. The program will run for three years, although the company may modify, suspend, or terminate it at any time. Furthermore, management will determine repurchase timing and volumes based on share prices, trading activity, business needs, and market conditions.

The company generated $391 million in operating cash flow during the first nine months of fiscal 2026. It ended the third quarter with $953 million in cash and cash equivalents and no outstanding debt. Additionally, Fitch awarded Nextpower an investment-grade credit rating, reflecting its financial position and cash generation.

Nextpower also expanded its operations and product portfolio during the quarter. The company increased domestic tracker manufacturing capacity and opened a Southeast operations hub featuring a Remote Monitoring Center. Meanwhile, its acquisition of Fracsun added panel-soiling measurement software and monitoring capabilities to its solar technology platform.

Nextpower Raises FY2026 Revenue and Earnings Guidance

Nextpower raised its fiscal 2026 revenue outlook to between $3.425 billion and $3.500 billion. Previously, the company projected revenue between $3.275 billion and $3.475 billion. The updated forecast reflects stronger bookings, operating execution, and demand across its business lines.

The company also increased its GAAP net income forecast to $525 million–$540 million, compared with its previous range of $499 million–$529 million. Additionally, management raised its GAAP diluted earnings-per-share outlook to 3.43–3.53 from 3.26–3.46. Adjusted EBITDA guidance now stands at $810 million–$830 million, up from the earlier range of $775 million–$815 million.

Nextpower expects adjusted diluted earnings per share to reach 4.26–4.36 in fiscal 2026. Its previous forecast ranged from $4.04 to $4.25 per share. The company continues to expand internationally, including through Nextpower Arabia, which secured a 2.25-gigawatt supply commitment for Saudi Arabia’s Bisha Solar Project.

The updated outlook assumes the current U.S. policy environment remains intact and permitting timelines follow historical patterns. Nextpower also plans to expand its integrated offerings across solar tracking, electrical balance-of-system products, and power conversion solutions. Together, stronger revenue guidance, international expansion, and the new buyback program provide key context for the stock’s post-earnings gains.

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