Companies /Technology

Nextracker Inc - Class A

NASDAQ: NXT Solar
$89.58
â–² $2.35 (+2.69%) today
Markets closed · 9:27pm ET

Q3 2026 Earnings

Reported Jan 27, 2026, 4:07pm ET · SEC source
$1.10
Beat +17.07%
EPS · est. $0.94
$909.4M
Beat +11.62%
Revenue · est. $814.7M
−12.3%
Trailing market
NXT vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%Jan 27Jan 28report 4:07pm ETearnings+0.1%+4.2%
−5%0+5%Jan 27Jan 28earnings+0.1%+4.2%
NXT +4.2%S&P 500 +0.1%
−5%0+5%Jan 27Jan 28report 4:07pm ETearnings+0.5%+4.2%
−5%0+5%Jan 27Jan 28earnings+0.5%+4.2%
NXT +4.2%NASDAQ +0.5%
−10%−5%0+5%Jan 26Feb 4report 4:07pm ETearnings−1.2%+1.3%
−10%−5%0+5%Jan 26Feb 4earnings−1.2%+1.3%
NXT +1.3%S&P 500 −1.2%
−10%−5%0+5%Jan 26Feb 4report 4:07pm ETearnings−4.0%+1.3%
−10%−5%0+5%Jan 26Feb 4earnings−4.0%+1.3%
NXT +1.3%NASDAQ −4.0%
+13.28%
Day of report
+0.93%
Next session
−2.71%
One week
−13.55%
30 days

S&P 500 over the same 30 days: −1.30%.

Did NXT Beat Earnings? Q3 2026 Results

Nextpower, the solar technology platform formerly known as Nextracker, delivered a standout third fiscal quarter, posting adjusted diluted EPS of $1.10 against a consensus estimate of $0.94, a beat of 17.07%, while revenue of $909.35 million cleared expectations of $814.69 million by 11.62% and grew 33.9% year over year. The outperformance was anchored by broad demand momentum, including record U.S. backlog, record European bookings, and expansion into two new markets, reflecting the company's strategic evolution from a pure-play solar tracker supplier into a broader end-to-end energy technology platform. GAAP net income climbed to $131.00 million from $117.00 million a year ago, while operating cash flow reached $391.00 million on a year-to-date basis, with cash on hand growing to $953.00 million. Management paired the strong results with a meaningful guidance raise, lifting full-year FY26 revenue expectations to a range of $3.43 billion to $3.50 billion and adjusted diluted EPS to $4.26 to $4.36, though the outlook assumes the current U.S. policy environment remains intact.

Key Takeaways
  • 34% year-over-year revenue growth driven by strong demand across business lines
  • Record backlog driven by strength in U.S. and record bookings in Europe
  • Increased bookings for bundled offers including tracker systems, eBOS, NX Earth Truss, and TrueCapture
  • Approximately $53 million of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs in Q3 FY26

“Customer response to our expanding product offerings and rebrand has been very favorable. We delivered solid financial performance in our first quarter as Nextpower, with strong demand across our business lines and a record backlog. The demand environment remains robust in the U.S. and other global markets, and we're very excited about the potential of our new joint venture Nextpower Arabia for the MENA region.”

Nextracker CEO, on the earnings call

Forward Guidance & Outlook

Nextpower raised its FY2026 outlook across all metrics. Updated revenue guidance is $3.425 billion to $3.500 billion (from $3.275 billion to $3.475 billion). GAAP net income is expected at $525 million to $540 million (from $499 million to $529 million). GAAP diluted EPS is guided at $3.43 to $3.53 (from $3.26 to $3.46). Adjusted EBITDA is expected at $810 million to $830 million (from $775 million to $815 million). Adjusted diluted EPS is guided at $4.26 to $4.36 (from $4.04 to $4.25). The outlook assumes the current U.S. policy environment remains intact and that permitting processes and timelines remain consistent with historical levels. Management is monitoring potential regulatory actions which could impact project timing, investment decisions, and financial results.

NXT YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$300.0M$600.0M$900.0M$679.4M$909.4MRevenue$240.9M$288.1MGross Profit$150.2M$176.1MOperating Income$115.3M$131.2MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.