Every 10-Q that Nextpower Inc. (NXT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NXT filings page.
Nextpower Inc. reported revenue of approximately $935 million and net income of $165 million for the three-month period ended July 3, 2026, up from $864 million and $157 million a year earlier. GAAP gross margin improved to 35.9% and operating income reached $190.9 million. Basic and diluted EPS were $1.10 and $1.07, respectively.
Cost of sales rose modestly as U.S. shipment volume and logistics costs increased, but this was more than offset by higher Internal Revenue Code Section 45X tax credits, which reduced cost of sales by about $103.3 million, and lower tariffs of $3.9 million, net of refunds. U.S. revenue grew to $775.6 million, or 83% of total, while Rest of World revenue declined to $159.6 million.
Cash and cash equivalents were $1.21 billion and total assets $4.26 billion as of July 3, 2026, with stockholders’ equity of $2.56 billion. The company had over $2.0 billion of total liquidity, including $919.4 million available under a $1.0 billion revolving credit facility. Subsequent to quarter end, Nextpower agreed to acquire Prevalon Energy for up to $365 million and certain Zigor/Apex assets for up to $80.5 million, expanding its storage and power conversion offerings.
Nextpower Inc. reported strong growth for the quarter ended December 31, 2025, with revenue of $909.4 million, up 34% year over year, and net income of $131.2 million, up 12%. For the nine-month period, revenue reached $2.68 billion and net income was $435.3 million, reflecting 32% and 21% growth, respectively.
Gross profit for the nine-month period increased to $862.7 million, while diluted EPS rose to $2.86 from $2.41. Cash and cash equivalents grew to $952.6 million, supported by strong operating cash flow of $391.5 million. The company expanded through several acquisitions with an aggregate purchase price of $149.4 million and increased goodwill to $485.3 million.
Nextpower entered a new unsecured revolving credit facility with $1.0 billion of capacity and launched a share repurchase program authorizing up to $500 million of Class A common stock over three years. It also formed the Nextpower Arabia joint venture to serve utility-scale solar projects in the MENA region.
Nextracker Inc. reported strong Q2 results with revenue of $905.3 million, up 42% year over year. Gross profit rose to $292.9 million and operating income reached $181.3 million. Net income was $146.9 million, translating to diluted EPS of $0.97. For the first six months, revenue was $1.77 billion and net income was $304.0 million, reflecting solid execution and demand in utility-scale solar projects.
Liquidity improved with cash and equivalents of $845.3 million and a new unsecured revolving credit facility of $1.0 billion maturing in 2030; availability was approximately $915.0 million net of $85.0 million in letters of credit. The company completed three tuck-in acquisitions—Bentek, OnSight, and Origami—totaling $140.2 million in purchase price and adding $102.6 million of goodwill to expand electrical infrastructure, robotics, and steel frame technology offerings. U.S. revenue led at $687.0 million in the quarter, and operating cash flow for the six months was $268.2 million.
Nextracker (NXT) delivered another strong quarter. Fiscal Q1 26 revenue rose 20% YoY to $864 million, driven by 27% higher GW shipments and continued U.S. demand (69% of sales). The 45X manufacturing credit lowered cost of sales by $93 million, helping keep gross margin at 32.6% (-40 bp YoY) despite freight and labor inflation. Operating income climbed 16% to $186 million; diluted EPS advanced 24% to $1.04.
Cash flow from operations softened to $81 million (-33%) on working-capital use—receivables and inventories up while contract assets fell. Cash & equivalents ended at $743 million; total liquidity, including the undrawn revolver, is ~$1.7 billion. Balance-sheet leverage remains low with no term debt and $1.58 billion total liabilities; TRA liability edged down to $392 million.
The company closed two tuck-in deals—Bentek and OnSight—for $103 million (cash outflow $86 million) adding electrical infrastructure and robotics capabilities; goodwill rose to $445 million.
Key watch-points: (1) outstanding litigation with Flex and securities class actions, (2) potential retroactive AD/CVD duties on imported solar modules, (3) customer concentration—top five represent 37% of revenue. Management sees 72% of $363 million backlog converting within 12 months, underscoring near-term visibility.