NXT
Nextracker Inc
Q1 2026 Report
Nextracker Inc (NXT) Q1 2026 Financial Results: Strong Growth Amidst Evolving Market Landscape...
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Executive Summary
Nextracker Inc (NXT) reported impressive financial results for the third quarter of fiscal 2025, showcasing strong revenue growth, a healthy balance sheet, and a record backlog. Revenue increased to $679 million, reflecting a year-over-year growth of 15%, driven by robust demand for solar trackers across diverse geographic markets. The company's adjusted EBITDA also saw a significant rise to $186 million, marking an 11% increase year-over-year, supported by improved margins and operational efficiencies.
Management underscored strategic advancements, such as expanding R&D to enhance product offerings, and reported a growing backlog exceeding $4.5 billion. Nextracker is well-positioned to capitalize on the anticipated long-term growth in solar adoption amid increasing global energy demands, even as it navigates a highly competitive market and evolving regulatory frameworks. Investors should monitor Nextracker’s momentum as the company continues to innovate and strengthen its market position.
Key Performance Indicators
Revenue
679.36M
QoQ: 6.89% | YoY:-4.37%
Gross Profit
240.90M
35.46% margin
QoQ: 7.17% | YoY:14.87%
Operating Income
150.24M
QoQ: 12.56% | YoY:1.19%
Net Income
115.28M
QoQ: -0.09% | YoY:178.49%
EPS
0.80
QoQ: -2.44% | YoY:19.40%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $679 million (YoY: +15%, QoQ: +7%)
- **Gross Profit**: $241 million (Gross Profit Margin: 35.4%)
- **Operating Income**: $150 million (Operating Margin: 22.1%)
- **Net Income**: $115 million (Net Income Margin: 16.9%)
- **EPS (Diluted)**: $0.79 (YoY: +19.4%, QoQ: -2.4%)