Nextracker

Nextpower (NXT) reported Q1 FY2027 revenue of $935M, up 8.2% from $864M in Q1 FY2026. GAAP net income was $165M (17.7% margin) versus $157M (18.2% margin) year-over-year; diluted EPS was $1.07 versus $1.04. Adjusted gross margin expanded 160 basis points to 36.6% from 33.0%, while adjusted EBITDA margin held flat at 24.9%. The company closed acquisitions in power conversion (Prevalon, Apex, Zigor assets) and announced Zimmermann PV-Steel acquisition. Backlog grew to over $5.5B, with eBOS on track to exceed $100M revenue this year and PowerMerge cumulative bookings over 850 MW. Global tracker market share strengthened across 50+ countries. FY2027 guidance raised to $4.1–4.4B revenue (prior: $4.0–4.4B) and $3.42–3.64 GAAP diluted EPS (prior: $3.22–3.64).