Nextracker beats Q1 revenue, adjusted EPS expectations

Reuters
07/30
Nextracker beats Q1 revenue, adjusted EPS expectations

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.)

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