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Sep 29, 2023
NEXTracker Q2 2024 Earnings Report
Reported record revenue and profits and raised FY24 guidance.
Key Takeaways
Nextracker reported strong Q2 results with record revenue, profits, and backlog, marking the third consecutive quarter of year-over-year growth as a public company and the sixth consecutive quarter of margin expansion. The company raised its annual profit guidance and the midpoint of its annual revenue guidance.
Strong execution supported by global supply chain repositioning and capacity expansion.
Continued customer wins.
Product innovation with Next Gen Tech Suite.
Closed third consecutive quarter of growth year-over-year as a public company.
Forward Guidance
Nextracker raised its annual profit guidance and the mid-point of its annual revenue guidance, anticipating a strong second half of the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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