Filing Flows › Nextpower (NXT) › Q2 FY26
Nextpower (NXT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 30, 2025
Nextpower (NXT) reported revenue of $905M for the second quarter fiscal 2026 (Q2 FY26), +42% from a year earlier and +5% from the quarter before. Operating margin was 20.0%, net earnings $147M (16.2% of revenue).
Nextpower, Q2 FY26: revenue $905M (+42% year over year), operating margin 20.0%, net earnings $147M, operating cash flow $187M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $905M | +5% | +42% |
| Gross profit | $293M | +4% | +30% |
| Operating profit | $181M | -3% | +36% |
| Net earnings | $147M | -7% | +25% |
| Operating cash flow | $187M | +130% | +22% |
| Free cash flow | $171M | +145% | +21% |
What changed
Revenue was $905.3M in Q2 FY26, up 42% year over year and up 5% from the previous quarter.
Gross margin was 32.4%, down 3.0 points from a year earlier. Operating profit was $181.3M, a 20.0% margin (down 1.0 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 21% margin then. Operating expenses grew 22% against revenue growth of 42%. The fastest-growing cost line was Research & development (+40%). Net earnings were $146.9M, up 27% year over year. The effective tax rate was 19.6%.
Operating cash flow was $186.9M (up 22% year over year), 127% of net earnings. Non-cash charges added back $7.4M of depreciation and amortization and $31.7M of share-based compensation. Capital expenditures of $15.5M left free cash flow of $171.4M.
Questions
What was Nextpower's revenue in the second quarter fiscal 2026?
Nextpower (NXT) reported revenue of $905M for the second quarter fiscal 2026 (Q2 FY26), +42% from a year earlier and +5% from the quarter before.
Was Nextpower profitable in the second quarter fiscal 2026?
Operating profit was $181M (20.0% of revenue) and net earnings $147M.
Source: Nextpower 10-Q on SEC EDGAR.