Q4 26 EPS
$1.05
BEAT +13.49%
Est. $0.93
Q4 26 Revenue
$880.5M
BEAT +6.11%
Est. $829.8M
vs S&P Since Q4 26
-22.0%
TRAILING MARKET
NXT -21.1% vs S&P +0.9%
Full Year 2026 Results
FY 26 EPS
$4.50
FY 26 Revenue
$3.56B
Market Reaction
Did NXT Beat Earnings? Q4 2026 Results
Nextpower Inc. Posted a mixed fourth quarter for fiscal 2026, with adjusted diluted EPS of $1.05 marking the company's fourth consecutive quarter beating consensus estimates, even as revenue slipped 4.7% year over year to $880.52 million amid a meani… Read more Nextpower Inc. Posted a mixed fourth quarter for fiscal 2026, with adjusted diluted EPS of $1.05 marking the company's fourth consecutive quarter beating consensus estimates, even as revenue slipped 4.7% year over year to $880.52 million amid a meaningful step-down in IRA 45X advanced manufacturing tax credit vendor rebates, which fell to roughly $47.00 million from $67.00 million a year ago. GAAP net income eased to $150.60 million from $157.81 million, weighed down by R&D spending that nearly doubled to $43.17 million, while adjusted EBITDA contracted to $201.80 million versus $242.50 million in Q4 FY25. The softer quarter stood in contrast to a strong full-year performance, with fiscal 2026 revenue reaching $3.56 billion, up 20% over the prior year, and a record backlog exceeding $5.25 billion. Looking ahead, management raised its FY2027 revenue outlook to $3.80 billion to $4.10 billion and adjusted diluted EPS guidance to $4.21 to $4.59, absorbing roughly $50.00 million in incremental costs tied to a planned acquisition targeting power conversion, battery storage, and data center markets.
Key Takeaways
- • Record fiscal year revenue of $3.56 billion representing 20% YoY growth
- • Record backlog exceeding $5.25 billion
- • Surpassed 160 GW of cumulative tracker shipments globally
- • Record eBOS quarterly bookings including over 100 MW of NX PowerMerge
- • Record quarterly and annual TrueCapture revenue
- • IRA 45X advanced manufacturing tax credits contributed approximately $47 million in Q4
NXT Forward Guidance & Outlook
For FY2027, Nextracker raised its financial outlook: Revenue of $3.8 billion to $4.1 billion (up from $3.6 billion to $3.8 billion previously), GAAP Net Income of $501 million to $559 million, GAAP Diluted EPS of $3.19 to $3.56, Adjusted EBITDA of $825 million to $900 million (up from $800 million to $900 million previously), and Adjusted Diluted EPS of $4.21 to $4.59. The updated outlook includes planned incremental costs of approximately $50 million related to the acceleration of entry into the power conversion market. Adjusted EBITDA excludes approximately $195 million for stock-based compensation, net intangible amortization, and acquisition related costs. Adjusted Diluted EPS excludes approximately $1.02 for stock-based compensation, net intangible amortization, and acquisition related costs, net of tax impacts.
NXT YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
“Fiscal 2026 marked a defining inflection point for Nextpower as we accelerated our evolution from the solar tracker leader over the last decade to an integrated utility-scale energy technology platform. Our core tracker business remains very strong, supported by one of the highest booking quarters in our history and expanding market leadership. We are now seeing clear, measurable traction around our platform strategy, reflected in rising adoption across eBOS, foundations, and robotics solutions, early success in bundled deployments, and growing demand for new products such as NX PowerMerge.”
— Dan Shugar, Q4 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% |