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NEXTracker, Inc. Class A (NXT)
NASDAQ:NXT
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.92Last Year’s EPS
0.96Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: 22.21%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant revenue growth, record backlog, and improved profitability. Strategic investments and strong market position further bolster the company's outlook. However, there are challenges in international markets regarding pricing pressures, which could affect margin stability.Company Guidance
During Nextracker's third quarter fiscal year 2025 earnings call, the company reported strong financial metrics, with revenue growing 15% year-over-year to approximately $2 billion year-to-date, and Q3 revenue at $679 million. The adjusted EBITDA expanded to $186 million, marking an 11% increase year-over-year, with an adjusted EBITDA margin of 27%. The company's backlog reached a new record, exceeding $4.5 billion, providing excellent visibility and future growth confidence. The company raised its fiscal '25 profit target by $75 million to a midpoint of $720 million, driven by a robust demand profile with a book-to-bill ratio greater than 1 and record bookings in both U.S. and international regions. Nextracker's strategic investments in R&D and global expansion, including a partnership with UC Berkeley, were highlighted as key drivers of innovation and long-term value creation. Additionally, the company anticipates the solar industry to continue experiencing significant growth, supported by increasing electricity demand and advancements in solar power technology.Revenue Growth
Revenue grew 15% year-over-year to approximately $2 billion year-to-date, with Q3 revenue at $679 million, marking a 7% sequential improvement over Q2.
Record Backlog
Backlog reached a new record, increasing quarter-over-quarter to significantly over $4.5 billion, more than doubling since the IPO two years ago.
Strong Adjusted EBITDA
Q3 adjusted EBITDA expanded to $186 million, marking an 11% increase year-over-year, with a margin of 27%, up 4 percentage points from the prior year.
Increased Profit Target
Raised fiscal '25 profit target by $75 million to a midpoint of $720 million.
Strategic Investments in R&D
Expanded R&D facilities in the U.S., Brazil, and India, and partnered with UC Berkeley with a $6.5 million commitment to advance solar technology.
Strong Balance Sheet
Closed Q3 with $694 million in total cash and $145 million in total debt, with no significant debt maturities until fiscal 2028, increasing total liquidity to $1.6 billion.
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NXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $39.62 | $49.24 | +24.28% |
| Oct 30, 2024 | $31.97 | $39.82 | +24.55% |
| Aug 01, 2024 | $46.83 | $41.98 | -10.36% |
| May 14, 2024 | $43.01 | $45.98 | +6.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NEXTracker, Inc. Class A (NXT) report earnings?
NEXTracker, Inc. Class A (NXT) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is NEXTracker, Inc. Class A (NXT) earnings time?
NEXTracker, Inc. Class A (NXT) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXT EPS forecast?
NXT EPS forecast for the fiscal quarter 2025 (Q4) is 0.92.
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