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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