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Jun 27, 2025
NEXTracker Q1 2026 Earnings Report
Nextracker delivered strong Q1 FY26 results, with 20% YoY revenue growth and robust profitability across all key metrics.
Key Takeaways
Nextracker posted a strong first quarter in FY26, with $864 million in revenue and $157 million in GAAP net income. The company raised its full-year guidance on the back of high demand, ongoing innovation, and strategic acquisitions in AI and robotics.
Revenue increased 20% YoY to $864 million.
GAAP net income was $157 million, with an 18.2% margin.
Adjusted EPS rose to $1.16, compared to $0.93 a year ago.
Total backlog exceeded $4.75 billion, driven by global demand.
Forward Guidance
Nextracker raised its FY26 revenue, EPS, and EBITDA guidance, citing strong demand and successful integration of new technology acquisitions.
Positive Outlook
- FY26 revenue guidance raised to $3.2B–$3.45B.
- Adjusted EPS raised to $3.96–$4.27.
- Adjusted EBITDA range increased to $750M–$810M.
- IRA 45X credits continue to benefit financials.
- Robust pipeline across international and U.S. markets.
Challenges Ahead
- FY26 guidance depends on stable U.S. policy environment.
- Permitting timelines remain a risk to project execution.
- Stock-based compensation and acquisition costs rising.
- High R&D and SG&A investment impacts margins.
- No detailed revenue breakdown by segment reported.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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