Nextpower beat first quarter 2027 estimates with record revenue and backlog growth to over $5.5 billion.

Nextpower reported first quarter fiscal 2027 revenue of $935 million and GAAP EPS of $1.07, beating analyst estimates for both metrics. The company's adjusted EPS came in at $1.20. Nextpower also raised the low end of its full-year guidance for revenue, net income, and adjusted EBITDA.

Key Highlights

• Backlog grew to over $5.5 billion, reflecting strong customer demand and recent acquisitions.
• Adjusted gross margin expanded to 36.6%, up from 33.0% in the prior-year quarter, driven by operational execution.
• Raised the low end of its full-year fiscal 2027 guidance; revenue outlook is now $4.1-$4.4 billion and Adjusted EBITDA is $870-$930 million.