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Nextpower Inc. (NXT) stock

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NASDAQ: NXT Nasdaq Semiconductors Next results ~January 27, 2027

C Fundamentals grade

Nextpower Inc., formerly Nextracker Inc., supplies solar and energy technology for utility-scale power plants. Its core products are single-axis solar trackers, which rotate to follow the sun, led by the NX Horizon range, including the terrain-following NX Horizon-XTR and a hail-resistant variant. It also sells foundations, electrical balance-of-systems components, steel panel frames and robotic inspection tools, alongside separately licensed software such as TrueCapture, which tunes each row's angle, and NX Navigator, for remote monitoring and weather protection.

Its customers are engineering, procurement and construction firms and the developers and owners that build and operate solar farms; as of March 2026 it had over 275 active customers across more than forty countries. It sells hardware project by project and under long-term supply agreements, and licenses its control and yield-management software separately.

Founded in 2013, it runs an integrated platform spanning the design, construction and operation of solar plants, with sales offices in the United States, Spain, Australia, Mexico, India, the UAE, Saudi Arabia and Brazil. It has shipped more than 160 GW to projects on six continents and, by gigawatts shipped, has ranked first in solar tracking for ten consecutive years.

Based on Nextpower Inc.'s 10-K filed May 19, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$140

Cash-flow model

Base case. Range ~$110–$180 across our lower- and higher-growth cases (13.1%–23.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 51% above it.

Price used: $91.13, November 2, 2026

Nextpower Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 38 sales by directors and officers, last 12 monthsInsider trades
  • Funds351 adding, 345 cuttingOf 78 active managers that changed their stake, 39 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nextpower files

10-Q filed November 2: Nextpower

Model value +2.5%

Revenue for the twelve months to October 2026 was $3.83bn, up 13.7% on a year earlier, slower than the 17.0% growth a quarter earlier. Free-cash-flow margin fell to 13.4% from 17.9% a year earlier. Operating margin narrowed to 19.0% from 21.1%. The diluted share count is up 2.5% on a year earlier, which dilutes existing holders. Our model value rises from $135 to $138 a share, against a share price of $91.13. The rating stays Buy. At that price, our model says the market is pricing in about 10.9% a year of cash-flow growth for five years, slower than the 21.3% a year revenue growth it has delivered.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Nextpower stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $3.63bn, up 17.0% on a year earlier, slower than 20.3% a quarter earlier. Free-cash-flow margin fell to 15.1% from 18.5% a year earlier. Operating margin narrowed to 19.3% from 21.4%. The diluted share count is up 2.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $130 a share, against a share price of $79.98. At that price, our model says the market is pricing in about 9.8% a year of cash-flow growth for five years, slower than the 20.0% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Nextpower Inc.'s trailing-twelve-month revenue grew 13.7% year on year, with a free-cash-flow margin of 13.4%.

Our discounted-cash-flow model values the business at ~$140 per share in the base case (~$110–$180 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 15.1% while net income grew 6.3%: a 21pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $91.13 is 51% below our value per share of $140.
  • Net cash. Cash exceeds long-term debt by $1.0bn.

Things to watch

  • Share dilution. Diluted shares rose 2.5% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 68% and a beta of 2.6 against the S&P 500.
  • Insiders selling. 9 insiders sold $53M of stock over the past 365 days and none bought (94% under pre-set trading plans).
  • Growth easing. The growth rate is 3.3 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -3.3pp ranks 58 of 75 semiconductor companies we cover (median +3.7pp).

Latest results: FY2027 Q2

Filed November 2, 2026
Earnings per share
$1.31 against an average estimate of $1.10: beat by 19.2%
Revenue
$1.11bn, up 22.5% on a year earlier
Share reaction
+0.5% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
revenue $4.1bn to $4.4bn (FY2027 Annual Outlook); GAAP Net Income $540m to $573m (FY2027 Annual Outlook)
Next report
January 27, 2027; average EPS estimate $1.03

Nextpower's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+14.9%
  • 1 week+19.2%
  • 1 month+8.1%
  • This year+4.6%
  • 1 year-10.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.8B
Operating margin
19.0%
Net margin
16.0%
EPS (TTM, diluted)
$3.97

Growth

Revenue growth
+13.7%
Change in growth rate
−3.3 pts
Share count change
+2.5%

Cash

Free cash flow (TTM)
$512M
FCF margin
13.4%
Stock pay % of revenue
3.3%

Earnings

Last results
October 28, 2026
Next results (est.)
January 26, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Announcement
  4. Results
  5. Announcement
  6. Partnership
  7. Shareholder vote
  8. Insider trade
  9. Insider trade
  10. Deal
  11. Results
  12. Guidance
  13. Deal
  14. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nextpower Inc. valuation models and calculator

What the price is pricing in

The share price implies about 12.1% a year of cash-flow growth for five years.That is slower than the 21.3% a year revenue growth Nextpower has delivered.

  • Priced in12.1%
  • Last 12 months13.7%
  • 3 years a year22.5%
  • 5 years a year21.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($97.08, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$140
Price used
$97.08close November 3, 2026
Implied change
▲ +42%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Nextpower Inc.'s free cash flow after stock-based pay with after-tax interest added back ($463M, FY2027 Q2 TTM), growing 22.5% and 18.5% in the next two years (forecasts, guidance and its record), then back to 18.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$110–~$180 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Nextpower Inc.'s free cash flow after stock-based pay ( $463M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Nextpower Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.55 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$140 ~$110–$180 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$87 ~$81–$150 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$100 ~$76–$140 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$59 ~$53–$67 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$110 ~$59–$140 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nextpower Inc. with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▼ −24%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $51$67$88$116$152$198
8.5% $41$52$67$87$113$146
10% $34$43$55$70$90$115

Valuation multiples over time Market data may be delayed

At fiscal year end 2023202420252026Now
Share price$36.26$56.27$42.14$120.55$91.13
Market value$5.3bn$8.3bn$6.3bn$18.4bn$14.1bn
+ Net debt (− = net cash)$20m−$324m−$766m−$1.1bn−$1.0bn
Enterprise value$5.3bn$8.0bn$5.5bn$17.3bn$13.0bn
Multiples
Price / sales 2.8x3.3x2.1x5.2x3.7x
Price / earnings n/m27.1x12.4x31.4x22.9x
Price / free cash flow 50.6x19.6x10.1x35.8x27.4x
EV / EBITDA 30.7x13.5x8.5x23.8x16.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 27, 2027, after the close. Analysts expect revenue of $1.1bn and EPS of $1.03 (range $0.87 to $1.28) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.77 — $4.4bn —
Next $5.76 +21% $5.2bn +19%

Next year's EPS estimate has moved −1.5% in 90 days, across 22 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.6% on 90 days ago. In the last 30 days, 1 analyst raised Nextpower Inc.'s forecast and 4 cut it.

Consensus EPS forecast Nextpower Inc., last 90 days
$4.50 $5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.65 Current fiscal year, 60 days ago: $4.67 Current fiscal year, 30 days ago: $4.68 Current fiscal year, 7 days ago: $4.67 Current fiscal year, Now: $4.77 $4.77 Next fiscal year, 90 days ago: $5.84 Next fiscal year, 60 days ago: $5.78 Next fiscal year, 30 days ago: $5.77 Next fiscal year, 7 days ago: $5.69 Next fiscal year, Now: $5.76 $5.76

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.65$5.84
60 days ago $4.67$5.78
30 days ago $4.68$5.77
7 days ago $4.67$5.69
Now $4.77$5.76

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.10 $1.31 +19.2%
Jun 2026 $1.05 $1.20 +14.8%
Dec 2025 $0.94 $1.10 +17.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • Revenue FY2027 Annual Outlook $4.1bn to $4.4bn
    “Revenue $4.1 to $4.4 billion $4.0 to $4.4 billion” source
  • GAAP Diluted EPS FY2027 Annual Outlook $3.42 to $3.64 GAAP
    “GAAP Diluted EPS $3.42 to $3.64 $3.22 to $3.64” source
  • Adjusted Diluted EPS FY2027 Annual Outlook $4.42 to $4.73 Non-GAAP
    “Adjusted Diluted EPS $4.42 to $4.73 $4.30 to $4.73” source
  • GAAP Net Income FY2027 Annual Outlook $540m to $573m GAAP
    “GAAP Net Income $540 to $573 million $507 to $573 million” source
  • Adjusted EBITDA FY2027 Annual Outlook $870m to $930m Non-GAAP
    “Adjusted EBITDA $870 to $930 million $845 to $930 million” source
  • eBOS revenue for the year —
    “Delivered record quarterly eBOS bookings, with eBOS revenue on track to exceed well over $100 million for the year, achieved UL certification of NX PowerMerge TM and grew cumulative PowerMerge bookings to over 850 MW.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Nextpower Inc.'s revenue by +22.5% next year and +18.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+24.8%, weight 56%) , management guidance (+21.8%, weight 19%) and the company's own record (+18.1%, weight 25%) . How the weights are set.

Analyst recommendations

29 analysts, Oct 2026
Buy2690%
Hold310%
Sell00%

Monthly trend

  1. Oct 2026719329
  2. Sep 2026719329
  3. Aug 2026619328
  4. Jul 2026619228

Counts of recommendations published by analysts covering Nextpower Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.8%
of tradable shares
Days to cover
4.45
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
1,993
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −10.0%

$101.22 on October 31, 2025 to $91.13

ThenNowEffect
Revenue (last 12 months) $3.1bn $3.6bn +17.0%
Net margin 17.5% 16.4% −6.8%
P/E multiple 27.8x 23.6x −15.2%
Share count 150m 154m −2.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202420252026 to date
Return
NXT−22%+139%+5%
Industry peers (median)−9%+16%+17%
S&P 500+25%+18%+11%
Months that ended higher
NXT42%50%46%
S&P 50075%75%46%
Largest fall from a high during the year
NXT−49%−27%−51%
S&P 500−8%−19%−9%

Worst fall since February 9, 2023: 51% from May 29, 2026 to October 26, 2026. Getting back needed a 105% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$76.48 – $156.40
From 52-week high
−41.7%
vs 50-day average
+10.4%
vs 200-day average
−14.7%
Volatility (1 year)
68%
Beta vs S&P 500
2.65

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±12.8%
After a week
9 up, 2 down
typical move ±14.3%
After a month
6 up, 5 down
typical move ±13.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +0.5% 0.0% — —
July 30, 2026 −3.0% +2.4% +6.2% −7.8%
May 12, 2026 +8.0% +0.4% +0.7% −5.2%
January 27, 2026 +11.8% +0.4% +11.7% −0.4%
October 23, 2025 +12.3% +1.4% +13.2% −0.5%
July 29, 2025 −10.0% −0.4% −14.4% +3.5%
May 14, 2025 +13.9% +0.6% +7.0% +12.2%
January 28, 2025 +24.2% +0.4% +25.5% +13.6%
October 30, 2024 +23.2% −2.3% +28.8% +18.0%
August 1, 2024 −14.6% −3.3% −18.2% −17.2%
May 14, 2024 +6.8% +1.7% +9.2% +40.5%
January 31, 2024 +24.8% −0.3% +22.4% +26.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Nextpower Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Nextpower Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nextpower Inc.
$2B $2.5B $3B $3.5B $4B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $2.3B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q1: $2.7B Revenue (TTM), FY25 Q2: $2.8B Revenue (TTM), FY25 Q3: $2.8B Revenue (TTM), FY25 Q4: $3B Revenue (TTM), FY26 Q1: $3.1B Revenue (TTM), FY26 Q2: $3.4B Revenue (TTM), FY26 Q3: $3.6B Revenue (TTM), FY26 Q4: $3.6B Revenue (TTM), FY27 Q1: $3.6B Revenue (TTM), FY27 Q2: $3.8B $3.8B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $2.3B
FY24 Q4 $2.5B
FY25 Q1 $2.7B
FY25 Q2 $2.8B
FY25 Q3 $2.8B
FY25 Q4 $3B
FY26 Q1 $3.1B
FY26 Q2 $3.4B
FY26 Q3 $3.6B
FY26 Q4 $3.6B
FY27 Q1 $3.6B
FY27 Q2 $3.8B
Revenue growth, TTM YoY Nextpower Inc.
0% 10% 20% 30% 40% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 25.1% Revenue growth, TTM YoY, FY24 Q4: 31.4% Revenue growth, TTM YoY, FY25 Q1: 38.5% Revenue growth, TTM YoY, FY25 Q2: 34.4% Revenue growth, TTM YoY, FY25 Q3: 21.5% Revenue growth, TTM YoY, FY25 Q4: 18.4% Revenue growth, TTM YoY, FY26 Q1: 13.3% Revenue growth, TTM YoY, FY26 Q2: 20.4% Revenue growth, TTM YoY, FY26 Q3: 30.0% Revenue growth, TTM YoY, FY26 Q4: 20.3% Revenue growth, TTM YoY, FY27 Q1: 17.0% Revenue growth, TTM YoY, FY27 Q2: 13.7% 13.7%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 25.1%
FY24 Q4 31.4%
FY25 Q1 38.5%
FY25 Q2 34.4%
FY25 Q3 21.5%
FY25 Q4 18.4%
FY26 Q1 13.3%
FY26 Q2 20.4%
FY26 Q3 30.0%
FY26 Q4 20.3%
FY27 Q1 17.0%
FY27 Q2 13.7%
Operating margin (TTM) Nextpower Inc.
15% 20% 25% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 15.6% Operating margin (TTM), FY24 Q4: 23.5% Operating margin (TTM), FY25 Q1: 24.6% Operating margin (TTM), FY25 Q2: 25.4% Operating margin (TTM), FY25 Q3: 25.8% Operating margin (TTM), FY25 Q4: 21.6% Operating margin (TTM), FY26 Q1: 21.4% Operating margin (TTM), FY26 Q2: 21.1% Operating margin (TTM), FY26 Q3: 20.5% Operating margin (TTM), FY26 Q4: 19.6% Operating margin (TTM), FY27 Q1: 19.3% Operating margin (TTM), FY27 Q2: 19.0% 19.0%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 15.6%
FY24 Q4 23.5%
FY25 Q1 24.6%
FY25 Q2 25.4%
FY25 Q3 25.8%
FY25 Q4 21.6%
FY26 Q1 21.4%
FY26 Q2 21.1%
FY26 Q3 20.5%
FY26 Q4 19.6%
FY27 Q1 19.3%
FY27 Q2 19.0%
FCF margin (TTM) Nextpower Inc.
10% 15% 20% 25% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 15.3% FCF margin (TTM), FY24 Q4: 16.9% FCF margin (TTM), FY25 Q1: 11.5% FCF margin (TTM), FY25 Q2: 15.4% FCF margin (TTM), FY25 Q3: 18.2% FCF margin (TTM), FY25 Q4: 21.0% FCF margin (TTM), FY26 Q1: 18.5% FCF margin (TTM), FY26 Q2: 17.9% FCF margin (TTM), FY26 Q3: 16.3% FCF margin (TTM), FY26 Q4: 14.4% FCF margin (TTM), FY27 Q1: 15.1% FCF margin (TTM), FY27 Q2: 13.4% 13.4%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 15.3%
FY24 Q4 16.9%
FY25 Q1 11.5%
FY25 Q2 15.4%
FY25 Q3 18.2%
FY25 Q4 21.0%
FY26 Q1 18.5%
FY26 Q2 17.9%
FY26 Q3 16.3%
FY26 Q4 14.4%
FY27 Q1 15.1%
FY27 Q2 13.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Nextpower took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $3.6B
  2. Cost of revenue $2.4B · 67.4%
  3. Gross profit $1.2B · 32.6%
  4. Research and development $121M · 3.4%
  5. Selling, general and admin $342M · 9.6%
  6. Operating income $697M · 19.6%
  7. Income tax $128M · 3.6%
  8. Net income $586M · 16.5%

Shares of revenue. Source: Nextpower's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Oct 2026
Income
Revenue 1,196 1,458 1,902 2,500 2,959 3,559 3,834
Gross profit 232 147 287 813 1,009 1,160 1,267
EBITDA 175 77 173 591 653 728 769
Operating income 159 66 168 587 639 697 728
Net income 0 0 1 306 509 586 613
Diluted EPS — — $0.02 $3.37 $3.47 $3.84 $3.97
Growth (year on year)
Revenue — +21.9% +30.5% +31.4% +18.4% +20.3% +13.7%
EBITDA — −56.1% +124.7% +241.7% +10.3% +11.5% +4.6%
Operating income — −58.4% +155.6% +248.5% +8.9% +9.1% +2.1%
Net income — — — — +66.3% +15.1% +6.3%
Diluted EPS — — — — +3.0% +10.7% +3.7%
Margins
Gross margin 19.4% 10.1% 15.1% 32.5% 34.1% 32.6% 33.0%
EBITDA margin 14.7% 5.3% 9.1% 23.7% 22.1% 20.4% 20.1%
Operating margin 13.3% 4.5% 8.9% 23.5% 21.6% 19.6% 19.0%
Net margin 0.0% 0.0% 0.1% 12.3% 17.2% 16.5% 16.0%
Free-cash-flow margin 7.7% −10.5% 5.5% 16.9% 21.0% 14.4% 13.4%
Cash flow
Cash from operations 94 −147 108 429 656 563 574
Capital spending 2 6 3 6 34 49 62
Free cash flow 92 −153 104 423 622 514 512
Stock-based pay 4 3 32 57 119 120 126
Free cash flow after stock pay 88 −156 72 366 503 393 386
Balance sheet
Cash 191 29 130 474 766 1,095 1,030
Total debt 0 0 150 150 0 0 0
Net debt (negative = net cash) −191 −29 20 −324 −766 −1,095 −1,030
Diluted shares — — 146m 147m 149m 153m 154m
Returned to shareholders
Buybacks — 0 694 0 0 0 —
Total returned — 0 694 0 0 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · October 2, 2026
What it owns · $4.6bn
Short-term assets $3.1bnLonger-term assets $1.6bn
What it owes, and who funded it · $4.6bn
Short-term liabilities $1.4bnLonger-term liabilities $620mShareholders' equity $2.6bn
  • Short-term assets cover short-term liabilities $3.1bn of assets due within a year against $1.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.1bn short-term assets against $620m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Nextpower Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$395,000
Diluted share count
+2.5%
year over year
R&D spending
4.2%
of revenue
Sales & admin spending
9.8%
of revenue
Days sales outstanding
56 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated NXT SWKS MPWR ARM FSLR MCHP Median
Revenue, last 12 months $3.8bn $4.0bn $3.3bn $4.9bn $5.0bn $5.1bn $1.1bn
Revenue growth, last 12 months 13.7% 0.1% 28.7% 22.8% −0.7% 20.9% 13.7%
Revenue growth, 3-year average 22.5% −6.8% 21.0% — 16.6% −16.4% 3.9%
Revenue growth, latest quarter 22.5% −3.1% 47.6% — −22.8% 38.0% 20.1%
Gross margin 33.0% 40.7% 55.2% 97.5% 49.3% 60.2% 48.3%
Operating margin 19.0% 7.6% 28.7% 18.3% 37.7% 15.5% 4.8%
Operating margin, 3-year average 21.9% 12.6% 26.3% — 34.1% 15.6% 4.8%
Net margin 16.0% 7.2% 24.5% 18.4% 37.1% 9.3% 5.3%
Cash from operations / revenue 15.0% 17.8% 25.1% 31.0% 16.7% 23.4% 17.4%
Free-cash-flow margin 13.4% 10.2% 17.9% 19.9% 4.6% 21.7% 9.6%
Free-cash-flow margin, 3-year average 15.5% 26.2% 26.3% — 0.5% 23.2% 8.5%
Stock pay / revenue 3.3% 5.8% 6.4% 21.4% 0.5% 5.4% 5.8%
Change in share count 2.5% −4.8% 1.1% 0.5% 0.2% 2.2% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 13.7% 13.7% 38 of 75
Change in growth rate Growth -3.3pp +3.7pp 58 of 75
Gross margin Profitability 33.0% 48.3% 53 of 73
Operating margin Profitability 19.0% 4.8% 18 of 75
Net margin Profitability 16.0% 5.3% 21 of 75
Free-cash-flow margin Cash generation 13.4% 9.6% 32 of 75
Stock pay as % of revenue Cash generation 3.3% 6.4% 27 of 74
Change in share count Balance sheet 2.5% 0.9% 52 of 72
Days sales outstanding Balance sheet 56 days 58 days 29 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$18.5B
Institutions reporting
717
Shares held vs prior quarter
▼ 0.5%
Positions opened / closed
107 / 93

Top buyers and sellers, Q2 2026: 351 institutions bought and 345 sold ; the biggest buyer was Fundsmith LLP (+2.9M shares) and the biggest seller Blackrock, Inc (−3.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.5B 21.1M 13.6% ▼ 15.0%
FMR LLC $2.2B 18.8M 12.1% ▼ 7.4%
Primecap Management Co $797M 6.7M 4.3% ▼ 1.1%
Vanguard Capital Management LLC $775M 6.5M 4.2% ▲ 1.5%
Vanguard Portfolio Management LLC $710M 6.0M 3.8% ▼ 11.2%
Invesco Ltd. $580M 4.9M 3.1% ▲ 2.7%
State Street Corp $565M 4.7M 3.0% ▼ 13.2%
Wellington Management Group LLP $408M 3.4M 2.2% ▼ 8.4%
Geode Capital Management, LLC $408M 3.4M 2.2% ▼ 22.4%
Fundsmith LLP $340M 2.9M 1.8% New
Pictet Asset Management Holding SA $305M 2.6M 1.6% ▼ 7.2%
Price T Rowe Associates Inc $293M 2.5M 1.6% ▼ 6.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nextpower Inc.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $52.6M 38 trades by 9 insiders · 94% under pre-set plans
Net ▼ $52.6M net selling
Insider Date Trade Shares Price Value
Boynton Charles D Chief Financial Officer September 1, 2026 Sell pre-set plan 4,500 $79.98 $359,910
Blunden Julia Director August 24, 2026 Sell 3,692 $84.10 $310,501
Blunden Julia Director August 21, 2026 Sell 3,723 $88.08 $327,922
Thomas Brandi Elizabeth Director August 19, 2026 Sell 7,415 $91.25 $676,619
Wenger Howard President August 11, 2026 Sell pre-set plan 11,176 $104.78 $1.2M
Shugar Daniel S Chief Executive Officer August 10, 2026 Sell pre-set plan 1,160 $103.91 $120,536
Shugar Daniel S Chief Executive Officer August 10, 2026 Sell pre-set plan 51,779 $103.24 $5.3M
Shugar Daniel S Chief Executive Officer August 10, 2026 Sell pre-set plan 14,697 $102.39 $1.5M
Blunden Julia Director August 5, 2026 Sell 2,289 $97.22 $222,537
Boynton Charles D Chief Financial Officer June 1, 2026 Sell pre-set plan 4,500 $151.79 $683,055
Miller Nicholas Marco Chief Operating Officer May 29, 2026 Sell pre-set plan 22,427 $156.00 $3.5M
Ledesma Bruce Chief Legal & Compliance Ofc May 26, 2026 Sell pre-set plan 3,248 $134.72 $437,571

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 30, 2026
  • May 12, 2026
  • January 27, 2026
  • October 23, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on Nextpower Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nextpower Inc. in brief

What does Nextpower Inc. do?
Nextpower Inc. is a US-listed company in the semiconductors industry. Its financial year ends in March.
What is Nextpower Inc.'s stock ticker?
Nextpower Inc. trades under the ticker NXT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nextpower Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nextpower Inc. reported revenue of $3.8B, 13.7% higher than a year earlier, according to its SEC filings.
What is Nextpower Inc.'s free cash flow?
Nextpower Inc.'s free-cash-flow margin is 13.4% of revenue over the trailing twelve months, ranking 32 of the 75 semiconductor companies we cover.
What is Nextpower Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Nextpower Inc.'s free cash flow after stock-based pay gives ~$140 per share in the base case, and ~$110–$180 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Nextpower Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Primecap Management Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Nextpower Inc.'s market cap?
On November 2, 2026, Nextpower Inc.'s market capitalisation was about $14.1B, with a price-to-earnings ratio of 22.9 and net debt of -$1B. Market figures come from third-party market data and may be delayed.
Who are Nextpower Inc.'s competitors?
In our Semiconductors peer group, the companies closest to Nextpower Inc. are Skyworks Solutions, Inc., Monolithic Power Systems, Inc., ARM Holdings PLC, First Solar, Inc. and Microchip Technology Inc. The side-by-side comparison below sets their revenue, margins and growth against Nextpower Inc.'s.
Are insiders buying or selling Nextpower Inc. stock?
Over the last 12 months, Nextpower Inc.'s directors and officers reported 0 open-market purchases and 38 sales on Form 4. The insider trading page charts every trade.
When is Nextpower Inc.'s next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nextpower Inc. announces its own schedule.