Nextracker (NXT) Q1 2026 Financial Results Summary

# Nextracker (NXT) Q1 2026 Financial Results Summary

**Release Date:** July 29, 2025

Nextracker (Nasdaq: NXT), a leading provider of solar technology platforms, reported its financial results for the first quarter of fiscal year 2026, which ended on June 27, 2025. The results show robust revenue growth and a solid operational performance.

### Financial Summary

– **Revenue:**
– $864 million for Q1 FY26, up **20%** YoY (from $720 million in Q1 FY25).
– Includes $93 million of IRA 45X advanced manufacturing tax credit vendor rebates.

– **GAAP Gross Profit:**
– $282 million, reflecting a **19%** increase YoY (from $237 million in Q1 FY25).
– Gross margin at **32.6%**, slightly below **33.0%** in Q1 FY25.

– **GAAP Net Income:**
– $157 million, a **25%** increase YoY (from $125 million in Q1 FY25).
– Net income margin improved to **18.2%** from **17.3%** YoY.

– **GAAP Diluted EPS:**
– $1.04, an increase from $0.84 in Q1 FY25.

– **Adjusted Gross Profit:**
– $285 million, up **18%** YoY (from $241 million in Q1 FY25).
– Adjusted gross margin at **33.0%**, down from **33.5%** in Q1 FY25.

– **Adjusted EBITDA:**
– $215 million, achieving a **23%** growth YoY (from $175 million in Q1 FY25).
– Adjusted EBITDA margin at **24.9%**, compared to **24.3%** in Q1 FY25.

– **Adjusted Net Income:**
– $176 million, marking a **26%** increase YoY (from $139 million in Q1 FY25).

– **Adjusted Diluted EPS:**
– $1.16, up from $0.93 in Q1 FY25.

– **Operating Cash Flow:**
– $81 million generated during the quarter.
– Cash position stood at $743 million with no debt.

### Business Highlights

– **Market Position:**
– Secured #1 global market share for the 10th consecutive year across North America, Latin America, Oceania, and Europe.

– **Product Adoption:**
– Significant sales growth in NX Horizon Hail Pro™ (+43% QoQ) and NX Horizon-XTR™ (+22% QoQ).
– Cumulative sales of NX Earth Truss® exceeded 1 GW.

– **Strategic Investments:**
– Invested $86.8 million in Q1 FY26 for strategic acquisitions, focusing on innovations in advanced robotics and AI technologies.

### Operations Forecast and Outlook for FY26

– **Revenue Outlook:**
– Increased revenue guidance for FY26 now ranges from $3.2 billion to $3.45 billion, revised upward from the previous $3.2 billion to $3.4 billion.

– **Profitability Outlook:**
– GAAP Net Income expectation raised to be between $496 million and $543 million, up from $445 million to $503 million.
– Adjusted EBITDA projected between $750 million to $810 million, previously $700 million to $775 million.

– **Diluted EPS Guidance:**
– Updated guidance for GAAP diluted EPS is now $3.24 to $3.55, up from $2.91 to $3.29.
– Adjusted diluted EPS forecasted between $3.96 to $4.27, increased from $3.65 to $4.03.

### Additional Notes

– Nextracker has not declared a quarterly dividend or initiated any share repurchase program as per the current report.

This financial report underscores Nextracker’s strong performance indicators and strategic focus on innovation while actively expanding its market share and enhancing its technological capabilities in the solar energy sector. For detailed financial insights, investors are encouraged to refer to the comprehensive financial statements available on the company’s website.