Nextpower raises FY26 outlook and approves $500 million buyback as Q3 revenue rises 34%
Nextpower reported third-quarter fiscal 2026 revenue of $909 million, up 34% from a year earlier, and raised its fiscal 2026 revenue and profitability outlook. The board also approved a share repurchase program of up to $500 million over three years, and the company reported $953 million in cash and no debt at quarter end. GAAP diluted EPS was $0.85, up from $0.79 a year earlier but down from $0.97 in the prior quarter.
Key points
- Q3 FY26 revenue was $909 million, up from $679 million in Q3 FY25; GAAP diluted EPS was $0.85 versus $0.79 a year earlier and $0.97 in Q2 FY26.
- FY26 revenue outlook raised to $3.425 billion to $3.500 billion from $3.275 billion to $3.475 billion; GAAP diluted EPS outlook raised to $3.43 to $3.53 from $3.26 to $3.46.
- Board approved a share repurchase program of up to $500 million of Class A common stock with a term of three years.
- Company reported $953 million in cash and cash equivalents and no debt at December 31, 2025, and received an investment grade rating from Fitch.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.