Nextpower’s $4.4 Billion Revenue Path — A New Electrification Powerhouse Is Emerging!

Nextpower’s first quarter fiscal year 2027 results reflected a combination of solid operational execution, continued demand growth, and strategic expansion across its core solar tracker business and emerging non-tracker product lines. The company reported a record quarterly revenue of $935 million, representing an 8% year-over-year increase, alongside adjusted EBITDA of $233 million, with a margin of 25%. Backlog expanded to over $5.5 billion, driven by bookings strength in both trackers and new energy storage offerings. Approximately 83% of revenue originated from the U.S., with international markets contributing the remainder. The solar tracker segment maintains Nextpower’s global leadership, with Wood Mackenzie citing the company as the #1 solar tracker provider in the U.S. and globally for the 11th consecutive year, securing 55% U.S. market share and 30% worldwide.