Q2 26 EPS
$1.19
BEAT +17.44%
Est. $1.01
Q2 26 Revenue
$905.3M
BEAT +7.78%
Est. $839.9M
vs S&P Since Q2 26
-12.9%
TRAILING MARKET
NXT -2.3% vs S&P +10.6%
Market Reaction
Did NXT Beat Earnings? Q2 2026 Results
Nextracker posted a standout second quarter of fiscal 2026, delivering results well ahead of Wall Street expectations as surging global demand for solar tracker technology powered revenue 42.4% higher year-over-year to $905.27 million, beating the $8… Read more Nextracker posted a standout second quarter of fiscal 2026, delivering results well ahead of Wall Street expectations as surging global demand for solar tracker technology powered revenue 42.4% higher year-over-year to $905.27 million, beating the $839.89 million consensus by 7.78%. Adjusted diluted EPS of $1.19 topped the $1.01 analyst estimate by 17.44%, with the company's record backlog exceeding $5.00 billion serving as perhaps the clearest signal that forward momentum remains intact. Adjusted EBITDA reached $223.53 million at a 24.7% margin, while GAAP net income attributable to Nextracker came in at $146.86 million. The quarter also saw record bookings across foundation solutions, its TrueCapture software system, and European markets, alongside the acquisition of Origami Solar to expand into advanced module frame technology. Management raised its full-year revenue outlook to $3.28 billion to $3.48 billion and now expects adjusted diluted EPS of $4.04 to $4.25, reflecting continued confidence in project pipelines even as the company monitors the evolving U.S. Regulatory environment for potential disruptions to project timing.
Key Takeaways
- • 42% YoY revenue growth driven by accelerating global demand for solar tracker technology
- • Record backlog exceeding $5 billion
- • IRA 45X advanced manufacturing tax credit vendor rebates and tariffs of approximately $67 million in Q2 FY26
- • Cumulative shipments surpassing 150 GW of tracker systems
- • Record quarterly eBOS bookings, highest in Bentek's 40-year history
- • Record bookings for foundation solutions and TrueCapture
NXT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Nextracker delivered another strong quarter with robust financial performance amid accelerating global demand for our technology. Bookings for our tracker products remain healthy, leading to a record backlog of greater than $5 billion. The company has now shipped over 150 GW of our tracker systems since inception, and we remain highly focused on driving continued growth in our core business.”
— Dan Shugar, Q2 2026 Earnings Press Release
NXT Earnings Trends
NXT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NXT EPS Trend
Earnings per share: estimate vs actual
NXT Revenue Trend
Quarterly revenue: estimate vs actual
NXT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.93 | $1.05 | +13.49% | $880.5M | +6.11% |
| FY Full Year | — | $4.50 | — | $3.56B | — |
| Q3 26 BEAT | $0.94 | $1.10 | +17.07% | $909.4M | +11.62% |
| Q2 26 BEAT | $1.01 | $1.19 | +17.44% | $905.3M | +7.78% |
| Q1 26 BEAT | $1.03 | $1.16 | +12.56% | $864.3M | +2.19% |
| Q4 25 BEAT FY | $0.98 | $1.29 | +32.00% | $924.3M | +11.52% |
| FY Full Year | $3.87 | $4.22 | +9.01% | $2.96B | +3.21% |