Filing Flows › Nextpower (NXT) › Q1 FY26
Nextpower (NXT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 1, 2025
Nextpower (NXT) reported revenue of $864M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and -7% from the quarter before. Operating margin was 21.5%, net earnings $157M (18.2% of revenue).
Nextpower, Q1 FY26: revenue $864M (+20% year over year), operating margin 21.5%, net earnings $157M, operating cash flow $81.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $864M | -7% | +20% |
| Gross profit | $282M | -8% | +19% |
| Operating profit | $186M | -5% | +16% |
| Net earnings | $157M | -0.4% | +26% |
| Operating cash flow | $81.3M | -66% | -33% |
| Free cash flow | $70.1M | — | -41% |
What changed
Revenue was $864.3M in Q1 FY26, up 20% year over year and down 7% from the previous quarter.
Gross margin was 32.6%, down 0.4 points from a year earlier. Operating profit was $186.2M, a 21.5% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 22% margin then. Operating expenses grew 23% against revenue growth of 20%. The fastest-growing cost line was Research & development (+31%). Net earnings were $157.2M, up 29% year over year. The effective tax rate was 17.7%.
Operating cash flow was $81.3M (down 33% year over year), 52% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $22.3M of share-based compensation. Working capital and other items used $104.0M. After purchases of property and equipment ($11.3M), adjusted free cash flow as the company reports it was $70.1M.
Questions
What was Nextpower's revenue in the first quarter fiscal 2026?
Nextpower (NXT) reported revenue of $864M for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and -7% from the quarter before.
Was Nextpower profitable in the first quarter fiscal 2026?
Operating profit was $186M (21.5% of revenue) and net earnings $157M.
Source: Nextpower 10-Q on SEC EDGAR.