10-Q quarterly report · filed Aug 3, 2026

Nextpower Inc. (NXT) Q3 2026 10-Q Quarterly Report

Short answer

Nextpower Inc. (NXT) filed its Q3 2026 10-Q quarterly report on Aug 3, 2026 for the quarter ended Jul 3, 2026. Quarterly revenue was $935M (up 8.2% year over year) with net income of $165M.

Q3 2026 key financials · XBRL

Revenue
$935M
+8.2% YoY
Net income
$165M
+5.2% YoY
Operating margin
20.4%
Gross margin
35.9%
EPS (diluted)
$1.07
+2.9% YoY

Source: XBRL data from the Nextpower Inc. (NXT) Q3 2026 10-Q on SEC EDGAR. USD.

Nextpower Inc. Q3 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $935.2M, up 8% YoY from $864.3M, driven by U.S. shipments and higher average selling prices
  • GAAP gross margin 35.9% vs 32.6%; operating margin 20.4% vs 21.5% YoY
  • U.S. revenue $775.6M, up $176.1M; Rest of World $159.6M, down $105.2M
  • Operating cash flow $121.1M vs $81.3M; revolving facility expanded total liquidity above $2.0B
  • Near-term liquidity adequate for operations, capital expenditures, investments, debt service, and Tax Receivable Agreement payments over 12 months

Risk Factors

  • Newly added regulatory risk: OBBBA shortened Sections 48E and 45Y credit eligibility, requiring construction by July 4, 2026 or service by December 31, 2027
  • Most materially updated risk: Treasury guidance may restrict customers’ 5% safe-harbor construction practices under the July 7, 2025 Executive Order
  • Regulatory compliance exposure: Domestic-content credits require substantiation of U.S.-manufactured components under IRS Notice 2025-08
  • Near-term market risk: Solar tracker competition may create downward pricing pressure and reduce revenue and margins
  • Financial risk: Higher interest rates or reduced tax-equity and project-debt availability could lower customer financing and product demand

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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