Nextracker Exceeds Expectations with Impressive Q3 Results

Published 4 hours agoNXT

Nextracker Exceeds Expectations with Impressive Q3 Results

Nextracker Inc., a key player on the NASDAQ under the ticker NXT, has recently announced its third-quarter financial results for fiscal year 2025, surpassing Wall Street’s forecasts. The company reported an adjusted earnings per share of $1.03, significantly outpacing the consensus estimate of $0.59. Revenue for the quarter came in at $679 million, also topping analyst predictions of $617.99 million, according to data from Investing.com.

In addition to revenue and earnings strength, Nextracker reported a gross profit of $241 million with a robust gross margin of 35.5%, and a net income of $117 million giving it a net income margin of 17.3%. The company's adjusted EBITDA was reported at $186 million, reflecting a margin of 27.4%. Another standout figure is their backlog, which reached a record $4.5 billion, underscoring future demand. Notably, shares jumped 13.5% in after-hours trading after the earnings call, as highlighted by Investing.com.

The company's outlook remains optimistic as it reaffirmed its fiscal year 2025 revenue guidance in the range of $2.8 to $2.9 billion and adjusted its diluted EPS forecast upward to between $3.75 and $3.95. These results reflect Nextracker's strategic initiatives, evident in their recent product introductions like the NX Horizon Hail Pro™ and NX Horizon XTR-1.5™, which are designed to bolster their competitive position in the market.

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