NXT
Nextracker Inc
Q1 2026 Report
Nextracker Inc (NXT) Q1 2026 Financial Results: Strong Growth Amidst Evolving Market Landscape...
Read full report
Executive Summary
Nextracker Inc (NXT) has showcased remarkable growth during its first quarter of fiscal year 2025, achieving a 50% year-over-year increase in revenue to $719.9 million. This performance underscores the company's strong market demand for its solar tracker solutions, especially in both U.S. and international markets. The company's backlog has increased to over $4 billion, reflecting sustained interest and confidence in its innovative offerings. Significant advancements include the introduction of new products, such as the NX low carbon tracker and its agri-PV solution, as well as strategic acquisitions to enhance its operational capabilities. Management remains optimistic about the future, emphasizing a clear path to leverage increased domestic manufacturing capabilities and mitigate supply chain challenges.
Key Performance Indicators
Revenue
719.92M
QoQ: -2.25% | YoY:25.56%
Gross Profit
237.44M
32.98% margin
QoQ: -30.26% | YoY:59.24%
Operating Income
160.09M
QoQ: -40.85% | YoY:70.15%
Net Income
121.70M
QoQ: -40.68% | YoY:210.04%
EPS
0.86
QoQ: -67.67% | YoY:34.38%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $719,921,000 (YoY: +50%, QoQ: -2.25%)
- **Gross Profit:** $237,440,000 (YoY: +59.24%, QoQ: -30.26%)
- **Operating Income:** $160,094,000 (YoY: +70.15%, QoQ: -40.85%)
- **Net Income:** $121,700,000 (YoY: +210.04%, QoQ: -40.68%)
- **EPS:** $0.86 (Diluted: $0.82; YoY: +34.38%, QoQ: -67.67%)