NEXTracker Inc. Reports 20% YoY Revenue Increase and 19% YoY Rise in GAAP Gross Profit for Q1 FY26; Adjusted EPS Up to $1.16

Reuters
Jul 30
<a href="https://laohu8.com/S/NXT">NEXTracker Inc</a>. Reports 20% YoY Revenue Increase and 19% YoY Rise in GAAP Gross Profit for Q1 FY26; Adjusted EPS Up to $1.16

NEXTracker Inc. (Nasdaq: NXT), a leading solar technology platform provider, has reported its financial results for the first quarter of fiscal year 2026, which ended on June 27, 2025. The company's revenue reached $864 million, marking a 20% increase compared to the same period last year. International revenue also grew by 27% year-over-year. NEXTracker's GAAP gross profit rose to $282 million, reflecting a 19% increase from the previous year, while the GAAP operating income increased by 16% to $186 million. The adjusted gross profit stood at $285 million, up 18% year-over-year, with an adjusted EBITDA of $215 million, a 23% rise from the prior year. The company's total backlog surpassed $4.75 billion, and it reported an operating cash flow of $81 million. NEXTracker ended the quarter with $743 million in cash and no debt, after investing $86.8 million in strategic acquisitions to support new growth initiatives. Additionally, the company maintained its position as the #1 global market leader for the 10th consecutive year and observed significant sales growth for its NX Horizon Hail Pro™ and NX Horizon-XTR™ series trackers, with quarter-over-quarter sales increasing by 43% and 22%, respectively. For the fiscal year 2026, NEXTracker has updated its annual outlook, raising its revenue guidance to a range of $3.2 to $3.45 billion. The company also increased its GAAP net income forecast to between $496 and $543 million and adjusted EBITDA guidance to between $750 and $810 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NEXTracker Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250729457912) on July 29, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10