Revenue Growth and Profitability
In Q2, revenue grew 42% year-over-year to $905 million, and adjusted EBITDA increased 29% to $224 million. For the first half of fiscal 2026, revenue was up 31% year-over-year to $1.77 billion, a record first half for the company.
Expansion in International Markets
Nextracker announced the formation of Nextracker Arabia, a joint venture with Abunayyan Holding, expanding their manufacturing footprint and commercial presence across the Middle East and North Africa.
Innovative Product Launches
Launched NX PowerMerge in September and achieved record eBOS bookings in Q2. The company also announced a multiyear agreement with a leading U.S. solar panel manufacturer for their advanced module frame technology, valued at over $75 million.
Strong Financial Position
Closed the quarter with $845 million in cash, no debt and total liquidity of nearly $1.8 billion, including a $1 billion unsecured revolving credit facility with investment-grade terms.
Positive Market Dynamics
Strong global demand for products and services, with a growing backlog exceeding $5 billion. Record quarterly bookings for TrueCapture and Navigator control system.