NEXTracker Inc's stock surged 9.41% in after-hours trading following the release of its third-quarter fiscal 2026 financial results, which significantly exceeded analyst expectations.
The solar tracking systems provider reported adjusted earnings per share of $1.10 for the quarter, beating the consensus estimate of $0.93. Revenue came in at $909.4 million, well above the $810.7 million forecast. The company also raised its full-year fiscal 2026 guidance, now expecting adjusted EPS of $4.26 to $4.36 and revenue of $3.43 billion to $3.50 billion, up from previous outlooks.
Additionally, positive sentiment was bolstered by news that Nextpower Arabia, a joint venture involving NEXTracker, secured a major contract to supply 2.25 gigawatts of solar trackers for ACWA Power's Bisha Solar project in Saudi Arabia, highlighting the company's global expansion and strong demand for its technology.