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) delivered a robust performance in Q2 2025, marking the seventh consecutive quarter of double-digit revenue growth with a notable revenue increase of 29% year-over-year. The company reported revenues of $635.57 million, a strong reflection of ongoing demand for its solar tracker solutions amidst global and local market dynamics. Management highlighted a significant backlog of over $4.5 billion, reinforcing confidence in future revenue and raising the full-year profit target by $20 million to $645 million. Coupled with strategic investments in new product development and an expanding operational footprint, Nextracker is well-positioned for sustained growth regardless of political uncertainties affecting the solar landscape.
Key Performance Indicators
Revenue
635.57M
QoQ: -11.72% | YoY:10.85%
Gross Profit
224.80M
35.37% margin
QoQ: -5.33% | YoY:50.76%
Operating Income
133.48M
QoQ: -16.63% | YoY:41.86%
Net Income
115.39M
QoQ: -5.18% | YoY:193.97%
EPS
0.82
QoQ: -4.65% | YoY:28.13%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: $635.57 million (up 29% YoY)
- **Gross Profit**: $224.80 million (Gross Profit Margin: 35.37%)
- **Operating Income**: $133.48 million (Operating Margin: 21.00%)
- **Net Income**: $115.39 million (Net Income Margin: 18.16%; EPS: $0.82)
- **EBITDA**: $143.80 million (EBITDA Margin: 22.63%) **Cash Flow and Balance Sheet Health**