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Nextracker

Nextracker (NXT) Q1 2027 Earnings

Reported Jul 30, 2026 at 4:06 PM ET · SEC Source

Q1 27 EPS

$1.20

BEAT +14.94%

Est. $1.04

Q1 27 Revenue

$935.0M

MISS 0.87%

Est. $943.2M

vs S&P Since Q1 27

+8.7%

BEATING MARKET

NXT +12.2% vs S&P +3.5%

Market Reaction

Did NXT Beat Earnings? Q1 2027 Results

Nextpower Inc. Delivered a standout first quarter for fiscal 2027, posting adjusted diluted EPS of $1.20 and beating the $0.80 consensus estimate by 50.00%, extending the company's streak of consensus EPS beats to five consecutive quarters. Revenue c… Read more Nextpower Inc. Delivered a standout first quarter for fiscal 2027, posting adjusted diluted EPS of $1.20 and beating the $0.80 consensus estimate by 50.00%, extending the company's streak of consensus EPS beats to five consecutive quarters. Revenue climbed 8.2% year over year to $935.00 million, driven in part by expanding gross margins, which widened to 35.9% from 32.6% a year ago, reflecting stronger pricing dynamics and operating leverage across its solar tracker platform. The quarter also marked an inflection point in Nextracker's strategic ambitions; the company closed three acquisitions, including Prevalon's energy storage business and key inverter assets from Zigor Corporation, as it moves to build an integrated clean power technology platform beyond its core tracker business. Backlog grew to more than $5.50 billion, underpinning confidence in the raised full-year revenue outlook of $4.10 billion to $4.40 billion, while adjusted diluted EPS guidance was narrowed to $4.42 to $4.73, even as the company absorbs roughly $50.00 million in incremental costs tied to its accelerated push into power conversion.

Key Takeaways

  • • Record quarterly revenue driven by strong customer demand and disciplined execution
  • • Backlog grew to more than $5.5 billion reflecting strong bookings momentum
  • • Record quarterly eBOS bookings with eBOS revenue on track to exceed well over $100 million for the year
  • • Approximately $99 million of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs, net included in Q1 FY27
  • • Adjusted gross margin expanded to 36.6% from 33.0% year-over-year
  • • Adjusted EBITDA margin of 24.9% in Q1 FY27

NXT Forward Guidance & Outlook

For FY2027, Nextracker raised its revenue outlook to $4.1 billion to $4.4 billion (previously $4.0 billion to $4.4 billion). GAAP net income guidance was increased to $540 million to $573 million (from $507 million to $573 million). GAAP diluted EPS is now expected at $3.42 to $3.64 (up from $3.22 to $3.64). Adjusted EBITDA guidance is $870 million to $930 million (narrowed from $845 million to $930 million). Adjusted diluted EPS guidance was narrowed to $4.42 to $4.73 (from $4.30 to $4.73). The updated outlook includes approximately $50 million of planned incremental costs related to the acceleration of entry into the power conversion market. Adjusted EBITDA excludes approximately $199 million for stock-based compensation, net intangible amortization, and acquisition-related costs.

24/7 Wall St

NXT YoY Financials

Q1 2027 vs Q1 2026, source: SEC Filings

“Nextpower delivered record quarterly revenue and backlog, with strong bookings momentum across our business. These results confirm that customers are responding positively to our expanding clean power technology platform, including strong adoption of eBOS and growing traction across the broader product portfolio. With the recent addition of power conversion and energy storage product lines, we believe Nextpower is positioned to deliver even more value to customers as they generate, store, control, and deliver reliable power at scale. Our team remains focused on enhanced customer value, operational excellence, and disciplined growth.”

— Dan Shugar, Q1 2027 Earnings Press Release

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