Nextracker beats Q1 revenue, adjusted EPS expectations

Nextpower

29/07/2025 21:20

Overview

Nextracker fiscal Q1 revenue rises 20% YoY, beating analysts' expectations

Adjusted EPS for fiscal Q1 beats consensus

Co announces acquisitions in robotics and AI to enhance technology platform

Outlook

Nextracker raises FY26 revenue outlook to $3.2-$3.45 bln

Company expects FY26 GAAP net income of $496-$543 mln

Nextracker sees FY26 adjusted EBITDA of $750-$810 mln

Company projects FY26 adjusted diluted EPS of $3.96-$4.27

Result Drivers

INTERNATIONAL GROWTH - 27% YoY increase in international revenue contributed to overall revenue growth

PRODUCT ADOPTION - Strong sales of NX Horizon Hail Pro and NX Horizon-XTR series trackers, with sales up 43% and 22% QoQ, respectively

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$864 mln
$850.20 mln (20 Analysts)
Q1 Adjusted EPS
Beat
$1.16
$1.06 (18 Analysts)
Q1 Gross Profit
$282 mln
Q1 Operating Income
$186.23 mln
Q1 Pretax Profit
$190.97 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Nextracker Inc is $66.00, about 0.9% above its July 28 closing price of $65.41

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw10dFmXa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)