Nextpower Inc. · NASDAQ:NXT
Nextpower — Q4 2026 Earnings Presentation
24 slides from Nextpower's earnings presentation, May 12, 2026
Slide 1: Shareholder Letter Q4 FY2026
Shareholder Letter Q4 FY2026 May 12, 2026
Slide 2: Financial Highlights
Financial Highlights Fiscal Year 2026 Performance Revenue ($M) Adjusted EBITDA ($M) Adjusted Free Cash Flow ($M) 3,559 2,959 +20% 854 +10% -17% 776 24% 26% EBITDA % 622 514 FY25 FY26 FY25 FY26 FY25 FY26 GAAP Adjusted Financial Highlights Gross Profit ($M) Gross Profit ($M) • 20% revenue growth YoY t
Slide 3: Dear Nextpower Shareholder
Utility-scale power plant featuring NX Horizon-XTR™ terrain following tracker paired with TrueCapture® intelligent control system, Los Banos, California. Dear Nextpower Shareholder, We are pleased to share highlights from the fourth quarter and fiscal year 2026. On our earnings conference call, we w
Slide 4: Agreement to acquire power conversion product lines; new COO
Building on this momentum, we announced today an agreement company leadership, along with a strong background in governance, to acquire key power conversion product lines and IP with a compliance and sustainability. We are also pleased to welcome planned U.S. manufacturing footprint to accelerate ou
Slide 5: FY26 and Q4 Results
FY26 and Q4 Results FY26 revenue increased 20% YoY to approximately $3.56 billion and Q4 revenue decreased 3% sequentially to $881 million. The geographic mix of total revenue for FY26 was 77% U.S. and 23% Rest of World, and 81% U.S. and 19% Rest of World in Q4. Our FY26 adjusted EBITDA was up 10% Y
Slide 6: Q4 FY26 Business Highlights
Q4 FY26 Business Highlights Market and Sales Momentum • Achieved record backlog of over $5.25 billion, reflecting continued sales momentum • Increased bookings for new product and bundled solutions: · Increased adoption for foundations, electrical balance of systems (eBOS), and robotics QoQ · Achiev
Slide 7: FY26 Year in Review
FY26 Year in Review Announced the acquisitions of Bentek, OnSight, Amir Robotics, as well as a license to SenseHawk IP, and Announced NX PowerMergeTM trunk connector launched our AI and robotics business a next-generation DC power component designed to streamline electrical balance of systems (eBOS)
Slide 8: Advancing Our Power Conversion Platform
Nextpower's power conversion technology. Advancing Our Power Conversion Platform Expanding into a Critical Layer of Power Plant Architecture As solar and storage systems become increasingly important reduce operational complexity, enhance long-term reliability, and components of global energy infras
Slide 9: Accelerating Time-to-Market Through Strategic Acquisition
Accelerating Time-to-Market Through Strategic Acquisition To accelerate our strategy, we have entered into a definitive technology, including high efficiency, modularity and easy agreement to acquire key assets of Zigor Corporation's inverter serviceability. Apex Power's U.S.-based manufacturing foo
Slide 10: Fiscal Year 2027 Outlook
Fiscal Year 2027 Outlook For FY27, we have increased our revenue outlook to be in the range updates to federal and regulatory actions, which could impact of $3.80 billion to $4.10 billion. Adjusted EBITDA is now expected to project timing, investment decisions, and our financial results. be in the r
Slide 11: Financial Results
Athos III utility-scale solar power project, California. Photo: Intersect Power Financial Results Shareholder Letter Q4 FY2026 Page 11
Slide 12: Financial Results: Revenue
Financial Results In FY26, revenue increased 20% YoY to approximately $3.56 billion, and Q4 revenue declined 3% sequentially to $881 million. The geographic mix of total revenue for Q4 was 81% U.S. and 19% Rest of World, and 77% U.S. and 23% Rest of World for the fiscal year. Our revenue mix is comp
Slide 13: Financial Results: Adjusted EBITDA and Profitability
Financial Results Q4 saw solid execution that exceeded our gross margin targets, benefiting from accelerated TrueCapture® growth and tariff recoveries. Q4 adjusted EBITDA was $202 million, a decrease of $41 million, representing a 17% decline from the prior year driven by higher operating expenses a
Slide 14: Quarterly and Fiscal Year Results
Financial Results Our Q4 adjusted effective tax rate of approximately 21% benefited For Q4 FY26, weighted average diluted share count was from an overall mix of profit at applicable tax rates across the approximately 155 million shares, and adjusted diluted EPS regions we serve, executed tax credits
Slide 15: Financial Results: Balance Sheet and Capital Allocation
Financial Results Our strong balance sheet, solid cash flow generation, and ample liquidity remain competitive advantages. We closed the quarter with nearly $1.1 billion in total cash and cash equivalents and no debt. Capital Allocation We operate a capital-efficient business and remain focused on m
Slide 16: Forward Looking Statements
Forward Looking Statements This shareholder letter contains forward-looking statements industry; competition from conventional and other renewable energy within the meaning of Section 27A of the Securities Act of 1933, sources; variability in our results of operations, including as a result as amend
Slide 17: Use of Adjusted Financial Information
Use of Adjusted Financial Information An explanation and reconciliation of non-GAAP financial measures to GAAP financial measures is presented in Schedules III, IV and V attached to this Shareholder Letter, and can be found, along with other financial information including the Q4 FY26 earnings press
Slide 18: Schedule I: Condensed Consolidated Statements of Operations
Nextpower Inc. Schedule I Schedule I Unaudited condensedNextpower consolidatedInc. statements of operations Unaudited condensed consolidated (In thousands, except perstatements share data) of operations (In thousands, except per share data) Three-month periods ended March 31, 2026 March 31, 2025 Rev
Slide 19: Schedule I: Statements of Operations (continued)
Nextpower Inc. Schedule I Nextpower Unaudited condensed consolidated Inc. of operations (continued) statements Unaudited condensed(In consolidated statements thousands, except per share of operations (continued) data) (In thousands, except per share data) Twelve-month periods ended March 31, 2026 Ma
Slide 20: Schedule II: Condensed Consolidated Balance Sheets
Nextpower Inc. Schedule II Schedule II Nextpower Unaudited condensed Inc. balance sheets consolidated Unaudited condensed consolidated balance sheets (In thousands) (In thousands) As of March 31, 2026 As of March 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 1,094,976 $ 766,103 Account
Slide 21: Schedule III: Statements of Cash Flows
Nextpower Inc. Schedule III Unaudited condensed consolidated statements of cash flows Schedule III Nextpower Inc. (In thousands) Unaudited condensed consolidated statements of cash flows (In thousands) Three-month periods ended Twelve-month periods ended March 31, 2026 December 31, 2025 March 31, 20
Slide 22: Schedule IV: Reconciliation of GAAP to Non-GAAP
Nextpower Inc. Schedule IV Reconciliation of GAAP to Non-GAAP financial measures Schedule IV Nextpower Inc. (In thousands, except percentages and per share data) Reconciliation of GAAP to Non-GAAP financial measures (In thousands, except percentages and per share data) Three-month periods ended Marc
Slide 23: Schedule IV: Reconciliation (continued)
Nextpower Inc. Schedule IV Reconciliation of GAAP to Non-GAAP financial measures (continued) (In thousands, except percentages and per share data) Twelve-month periods ended March 31, 2026 March 31, 2025 GAAP gross profit & margin $ 1,160,095 32.6% $ 1,008,825 34.1% Stock-based compensation expense
Slide 24: Schedule V: Notes
Nextpower Inc. Schedule V Notes To supplement Nextpower’s unaudited selected financial data • an easier way to compare the Company’s operating results presented consistent with U.S. Generally Accepted Accounting against analyst financial models and operating results of Principles (“GAAP”), the Compa