Nextpower Inc.

characterized by solid operational discipline and execution increased back

evolution started several years ago from a pure play tracking system supplier to an end-to-end solar technology platform we followed that with a technology and market symposium where we engage directly with customers to showcase our expanding portfolio of value enhancing products and services that we are building around our core tracker business, including our roadmap to incorporate power conversion solutions for utility scale solar and battery energy storage. Customer response to the strategy has been very positive, and Howard will share more detail on how this is translating into customer adoption. We recently completed the formation of Next Power Arabia, our joint venture with Abu Nayyan Holding in the Middle East. The JV is already off to a strong start and will supply 2.25 gigawatts of advanced tracking systems to one of the world's largest utility-scale solar projects. With the launch of Next Power Arabia, we're focused on building local operations, manufacturing capability, and long-term partnerships that support the Kingdom's energy ambitions. Together with Abu Nayyan Holdings, We are advancing the localization of renewable energy technologies, strengthening supply chains, and creating the foundation to locally manufacture and support up to 12 gigawatts of solar capacity annually, with the potential to create thousands of jobs over time. Saudi Arabia and the surrounding GCC sit at the center of one of the most dynamic energy transitions in the world. Rapid growth in electricity demand driven by economic transformation, megaprojects, and the expansion of AI and digital infrastructure calls for solutions that can scale quickly, reliably, and efficiently. Solar energy is uniquely positioned to meet that demand. As the lowest cost and most scalable power generation technology available today, solar is playing a central role in the energy future of Saudi Arabia and the broader MENA region. Let's turn to our financial performance. We delivered robust financial results across all key metrics. Q3 revenue grew 34 percent year on year to $909 million. and adjusted EBITDA increased 15 percent to 214 million. Fiscal year-to-date revenue increased 32 percent year-over-year to 2.68 billion. We generated solid cash flow and further strengthened our balance sheet. We also became the first pure-play solar product company to achieve a formal investment-grade rating. reinforcing confidence that Next Power can stand behind projects for decades, supporting financing, warranties, service, and asset performance over the full lifecycle of these solar generation infrastructure projects. Discerning power plant owners greatly value Next Power's financial strength. Based on our performance and the visibility we have across our business, we are raising our fiscal 2026 financial outlook, which Chuck will discuss in more detail. Finally, I would like to thank our customers for their continued trust and partnership and our employees for their commitment to innovation and execution. We remain focused on scaling our technology platform and creating long-term value for shareholders. I'll now turn the call over to Howard to provide more color on the quarter.

Thank you, Dan. During the quarter, we saw continued strong customer bookings, which drove further backlog growth. We also continued to innovate and release important hardware and software to the market. And we had another strong quarter of financial performance enabled by our global operations team. We manage our business on an annual and multi-year basis, which is consistent with the nature of the utility scale solar power industry, with large-scale projects spanning multiple quarters and multiple geographies. We are increasing our outlook for the remainder of the year based on the strength and diversity of our backlog, a continued flight to quality that favors NexPower, and the deep capability and commitment of our global team. Turning now to regional demand. In the U.S., bookings were up and revenue increased 63% year over year, reflecting NexPower's technology and customer experience advantage, or what we call a flight to quality. There also continues to be an increasing demand shift for domestically manufactured systems, which we are able to meet with our robust domestic supply chain and favorable lead times. U.S. project and demand creation continues with developers generally reporting their ability to move projects forward through to final permitting and financing, and they are doing so across multiple years of completion, providing extended visibility. Encouragingly, several customer projects sited on federal lands that have been on hold have begun to move forward as well. Demand for our core tracker technology remains strong, as reflected in sustained customer adoption of the NX Horizon Hail Pro Tracker. During calendar year 2025, our systems executed 2,170 hail stows worldwide, with our customers reporting a less than 0.007% module breakage rate. This is very good news and supports our innovation thesis. Our expanding technology platform is now gaining traction for both tracker and non-tracker offerings with an increasing and more diverse mix in our order book. For example, this quarter we booked a 552-megawatt order incorporating a technology bundle on a single project, including our NX Horizon Hale Pro Tracker, eBOS manufactured in the U.S., our NX Earth Trust Foundation system, and our TrueCapture control system. Moving to the international market. Europe against it out with record quarterly bookings and expansion into two new countries, we are also excited about the formation of our new jv company next power Arabia to serve growing demand across the MENA region. Saudi Arabia alone has ambitions to install 130 gigawatts of renewable energy by 2030. We also introduce our NX Earth Trust Foundation solution overseas, marking a positive step in the international expansion of our technology platform. As Dan noted, we announced plans at our Capital Markets Day to extend our platform to include power conversion solutions. This project remains on track with customer pilots plan for calendar year 2026. Turning now to project timing and pricing, Project timing remains stable and manageable on a portfolio basis, consistent with previous quarters, with some projects accelerating and others pushing out. On balance, Q3 saw a modest net pull-in. Pricing continues to track the broader solar cost curve, and we continue to invest in R&D and scalable infrastructure to reduce cost while improving system performance. Our culture is to relentlessly serve our customers and deliver maximum value at competitive cost and pricing. In summary, our business fundamentals remain strong. Demand is healthy. Our backlog is large and growing. Project timing and execution visibility is solid, and we continue to strengthen our competitive position through innovation, customer focus, and operational excellence. With that, I'll turn the call over to Chuck.