Nextracker (NXT) Q1 2026

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Earnings

Nextracker posted a strong fiscal first quarter, beating Wall Street expectations on both the top and bottom lines as the solar tracker maker reported adjusted diluted EPS of $1.16, clearing the $1.03 consensus estimate by 12.56%, while revenue of $8… Read more Nextracker posted a strong fiscal first quarter, beating Wall Street expectations on both the top and bottom lines as the solar tracker maker reported adjusted diluted EPS of $1.16, clearing the $1.03 consensus estimate by 12.56%, while revenue of $864.25 million edged past the $845.76 million consensus by 2.19% and grew 20.1% year-over-year. A key driver behind the results was a meaningful acceleration in IRA Section 45X advanced manufacturing tax credit vendor rebates, which nearly doubled to $93 million from $47 million in the year-ago quarter, providing a significant tailwind to margins; GAAP gross margin came in at 32.6% and adjusted EBITDA reached $214.77 million at a 24.9% margin. International revenue growth of 27% underscored continued geographic diversification. Management followed the beat with a raised full-year FY26 outlook, lifting the revenue range to $3.20 billion to $3.45 billion and adjusted diluted EPS guidance to $3.96 to $4.27, though the company noted its forecast assumes the current U.S. Policy environment remains unchanged.