🔹 Adj. EPS: $1.19 (Est. $0.63) 🟢; UP +23% YoY
🔹 Revenue: $905M (Est. $679M) 🟢; UP +42% YoY
🔹 Adj. EBITDA: $224M; UP +29% YoY
🔹 Adj. Gross Margin: 33.1% (vs. 35.9% LY)
🔹 GAAP Net Income: $147M (vs. $117M LY)
🔹 Operating Cash Flow (YTD): $268M; Cash: $845M; Debt: None
Operational Highlights
🔹 Record Backlog: >$5B (highest ever)
🔹 Launched: NX PowerMerge™ (eBOS trunk connector) — record bookings at Bentek
🔹 Acquisition: Origami Solar for advanced module frame tech; signed multi-GW supply deal
🔹 New JV: Nextracker Arabia with Abunayyan Holding (expanding in MENA)
🔹 Record Bookings: In Europe, foundation solutions, and TrueCapture® yield system
FY26 Guidance (Raised)
🔹 Revenue: $3.275B–$3.475B (Est. $3.39B) 🟢
🔹 Adj. EPS: $4.04–$4.25 (Est. $4.20) 🟡
🔹 Adj. EBITDA: $775M–$815M
🔹 GAAP EPS: $3.26–$3.46
CEO Commentary (Dan Shugar)
🔸 “Global demand for our tracker systems remains strong, driving record backlog and growth.”
🔸 “We’ve shipped over 150GW to date and continue to expand across Europe and the Middle East.”
CFO Commentary (Chuck Boynton)
🔸 “Our balance sheet is rock solid — $845M cash, no debt, and a new $1B credit facility to support growth.”