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.