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Nextracker Reports Second Quarter Fiscal Year 2026 Financial Results
Q2 FY26 Revenues of $905 Million, Up 42% Year-over-Year Raises FY26 Revenue and Profitability Outlook FREMONT, Calif.--(BUSINESS WIRE)-- Nextracker (Nasdaq:
About this update from Nextpower Inc.
[{"type":"text","content":"\nQ2 FY26 Revenues of $905 Million, Up 42% Year-over-Year\n\n\nRaises FY26 Revenue and Profitability Outlook\n\n\n FREMONT, Calif.--(BUSINESS WIRE)--\nNextracker (Nasdaq: NXT), a leading solar technology platform provider, today announced financial results for the second quarter of fiscal year 2026, ended September 26, 2025.\n\n\n\n\nFinancial Summary\n\n\n\n\n(In millions, except per share)\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\n\nQ2 FY26\n\n\n\n\n\n\n\nQ1 FY26\n\n\n\n\n\n\n\nQ2 FY25\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n\n$905\n\n\n\n\n\n\n\n$864\n\n\n\n\n\n\n\n$636\n\n\n\n\n\n\n\n\nGAAP Gross Profit\n\n\n\n\n\n\n\n$293\n\n\n\n\n\n\n\n$282\n\n\n\n\n\n\n\n$225\n\n\n\n\n\n\n\n\nGAAP Gross Margin\n\n\n\n\n\n\n\n32.4%\n\n\n\n\n\n\n\n32.6%\n\n\n\n\n\n\n\n35.4%\n\n\n\n\n\n\n\n\nGAAP Net Income\n\n\n\n\n\n\n\n$147\n\n\n\n\n\n\n\n$157\n\n\n\n\n\n\n\n$117\n\n\n\n\n\n\n\n\nGAAP Net Income Margin\n\n\n\n\n\n\n\n16.2%\n\n\n\n\n\n\n\n18.2%\n\n\n\n\n\n\n\n18.5%\n\n\n\n\n\n\n\n\nGAAP Diluted EPS\n\n\n\n\n\n\n\n$0.97\n\n\n\n\n\n\n\n$1.04\n\n\n\n\n\n\n\n$0.79\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted Gross Profit\n\n\n\n\n\n\n\n$300\n\n\n\n\n\n\n\n$285\n\n\n\n\n\n\n\n$228\n\n\n\n\n\n\n\n\nAdjusted Gross Margin\n\n\n\n\n\n\n\n33.1%\n\n\n\n\n\n\n\n33.0%\n\n\n\n\n\n\n\n35.9%\n\n\n\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n\n\n\n$224\n\n\n\n\n\n\n\n$215\n\n\n\n\n\n\n\n$173\n\n\n\n\n\n\n\n\nAdjusted EBITDA Margin\n\n\n\n\n\n\n\n24.7%\n\n\n\n\n\n\n\n24.9%\n\n\n\n\n\n\n\n27.2%\n\n\n\n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n\n\n\n$181\n\n\n\n\n\n\n\n$176\n\n\n\n\n\n\n\n$145\n\n\n\n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n\n\n\n\n$1.19\n\n\n\n\n\n\n\n$1.16\n\n\n\n\n\n\n\n$0.97\n\n\n\n\n\n\n\nQ2 FY26, Q1 FY26 and Q2 FY25 results include approximately $67 million, $82 million, and $48 million, respectively, of IRA 45X advanced manufacturing tax credit vendor rebates and tariffs, net.\n\n\nPlease refer to Nextracker’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for more information and schedules III, IV and V attached to this press release for a reconciliation of non-GAAP to GAAP financial measures. Additional information can be found on the Investor Relations section of our website.\n\n\nSecond Quarter Fiscal Year 2026 Financial Highlights:\n\n\n\nRevenue of $905 million...