Nextpower Reports Third Quarter Fiscal Year 2026 Financial Results

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[{"type":"text","content":"\nRaises FY26 Financial Outlook on Strong Execution and Bookings\n\n\nAchieves Investment Grade Rating, Announces Share Buyback Program\n\n\n FREMONT, Calif.--(BUSINESS WIRE)--\nNextpower (Nasdaq: NXT, formerly Nextracker), a leading provider of intelligent power generation systems for solar power plants, today announced financial results for the third quarter of fiscal year 2026, ended December 31, 2025.\n\n\n\n\nFinancial Summary\n\n\n\n\n(In millions, except per share)\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nQ3 FY26\n\n\n\n\n\n\nQ2 FY26\n\n\n\n\n\n\nQ3 FY25\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$909\n\n\n\n\n\n\n$905\n\n\n\n\n\n\n$679\n\n\n\n\n\n\n\n\nGAAP Gross Profit\n\n\n\n\n\n\n$288\n\n\n\n\n\n\n$293\n\n\n\n\n\n\n$241\n\n\n\n\n\n\n\n\nGAAP Gross Margin\n\n\n\n\n\n\n31.7 %\n\n\n\n\n\n\n32.4 %\n\n\n\n\n\n\n35.5 %\n\n\n\n\n\n\n\n\nGAAP Net Income\n\n\n\n\n\n\n$131\n\n\n\n\n\n\n$147\n\n\n\n\n\n\n$117\n\n\n\n\n\n\n\n\nGAAP Net Income Margin\n\n\n\n\n\n\n14.4 %\n\n\n\n\n\n\n16.2 %\n\n\n\n\n\n\n17.3 %\n\n\n\n\n\n\n\n\nGAAP Diluted EPS\n\n\n\n\n\n\n$0.85\n\n\n\n\n\n\n$0.97\n\n\n\n\n\n\n$0.79\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted Gross Profit\n\n\n\n\n\n\n$295\n\n\n\n\n\n\n$300\n\n\n\n\n\n\n$245\n\n\n\n\n\n\n\n\nAdjusted Gross Margin\n\n\n\n\n\n\n32.4 %\n\n\n\n\n\n\n33.1 %\n\n\n\n\n\n\n36.0 %\n\n\n\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n\n\n$214\n\n\n\n\n\n\n$224\n\n\n\n\n\n\n$186\n\n\n\n\n\n\n\n\nAdjusted EBITDA Margin\n\n\n\n\n\n\n23.5 %\n\n\n\n\n\n\n24.7 %\n\n\n\n\n\n\n27.4 %\n\n\n\n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n\n\n$170\n\n\n\n\n\n\n$181\n\n\n\n\n\n\n$154\n\n\n\n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n\n\n\n$1.10\n\n\n\n\n\n\n$1.19\n\n\n\n\n\n\n$1.03\n\n\n\n\n\n\n\nQ3 FY26, Q2 FY26, and Q3 FY25 results include approximately $53 million, $67 million, and $48 million, respectively, of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs, net.\n\n\nPlease refer to Nextpower’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for more information and schedules III, IV and V attached to this press release for a reconciliation of non-GAAP to GAAP financial measures. Additional information can be found on the Investor Relations section of our website.\n\n\nThird Quarter Fiscal Year 2026 Financial Highlights:\n\n\n\nRevenue of $909 mill...

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