Nextracker (NASDAQ:NXT), a leader in solar tracking and energy technology, published its Q1 FY2026 results on July 29, 2025, revealing a mixed performance. The company’s non-GAAP adjusted earnings per share (EPS) came in at $1.16, beating analyst estimates of $1.08. However, revenue (GAAP) was $864 million, falling short of the $902.31 million GAAP revenue forecast. This quarter showed solid profitability and resilient margins, even with a revenue miss and a decline in free cash flow. Management raised its full-year outlook, underpinned by a growing order backlog and new product initiatives.

Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q4 2025 earnings report.

Nextracker (NASDAQ:NXT) designs advanced solar tracking systems. Its flagship platform, NX Horizon, automatically adjusts the position of solar panels to maximize electricity output. The company’s tracking technology boosts energy yield, reduces costs, and provides reliability for large solar installations.

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Source Fool.com