NEXTracker, Inc. Class A ( (NXT) ) has released its Q1 earnings. Here is a breakdown of the information NEXTracker, Inc. Class A presented to its investors.
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NEXTracker, Inc. is a prominent solar technology platform provider, specializing in integrated tracker and electrical solutions for utility-scale and distributed generation projects worldwide. The company has announced its financial results for the first quarter of fiscal year 2026, showcasing a strong performance with significant growth in revenue and strategic acquisitions in robotics and AI.
In the first quarter of fiscal year 2026, NEXTracker reported revenues of $864 million, marking a 20% increase year-over-year. The company also highlighted a 27% growth in international revenue and maintained its position as the global market leader in solar technology. Strategic acquisitions in advanced robotics and AI were announced, aimed at enhancing the company’s technology platform.
Key financial metrics for the quarter included a GAAP gross profit of $282 million, up 19% year-over-year, and an adjusted EBITDA of $215 million, reflecting a 23% increase. The company ended the quarter with $743 million in cash and no debt, while investing $86.8 million in strategic acquisitions to support future growth initiatives. NEXTracker’s total backlog exceeds $4.75 billion, indicating strong future demand.
Looking ahead, NEXTracker has raised its fiscal year 2026 revenue and profitability outlook, with expectations of continued growth driven by innovation and strategic investments. The company remains focused on expanding its solar technology platform and enhancing customer outcomes through advanced solutions.