Solar technology provider Nextracker beats Q2 revenue estimates, lifts 2026 revenue forecast

Nextpower

23/10/2025 21:30

Overview

Nextracker fiscal Q2 rev grows 42% yr/yr, beating analyst expectations

Company raises FY26 revenue and profitability outlook

Record backlog of over $5 bln, new product launches announced

Outlook

Nextracker raises FY26 revenue outlook to $3.275 bln-$3.475 bln

Company updates FY26 adjusted EBITDA forecast to $775 mln-$815 mln

Nextracker monitoring regulatory actions that could impact results

Result Drivers

RECORD BACKLOG - Co reports record backlog of over $5 bln, indicating strong demand for tracker products

NEW PRODUCT LAUNCHES - Co launched NX PowerMerge eBOS trunk connector, achieving record bookings in Q2

EXPANSION THROUGH ACQUISITION - Co acquired Origami Solar, launching advanced module frame technology business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$905 mln
$836.70 mln (22 Analysts)
Q2 Gross Profit
$293 mln
Q2 Operating Income
$181.34 mln
Q2 Pretax Profit
$182.72 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 8 "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 $87.00, about 3.1% below its October 21 closing price of $89.70

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw87b0Qxa

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(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.)