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FREMONT, Calif. - Nextracker Inc. (NASDAQ:NXT), a leading solar technology platform provider, saw its shares surge 5.7% after reporting fourth quarter earnings that significantly exceeded analyst expectations and providing an optimistic outlook for the upcoming fiscal year.
The company reported adjusted earnings per share of $1.29 for the fourth quarter, handily beating the analyst consensus estimate of $0.73. Revenue for the quarter came in at $924 million, well above the $766.4 million analysts had projected and representing a substantial increase from the same period last year.
Nextracker’s strong performance was further bolstered by its upbeat guidance for fiscal year 2026. The company forecasts earnings per share between $3.65 and $4.03, with the midpoint slightly above the analyst consensus of $3.87. Revenue is expected to range from $3.2 billion to $3.4 billion, surpassing the $3.175 billion consensus estimate.
"It is fantastic to join forces with Bentek, expanding the Nextracker platform with exceptional eBOS products and expertise," said Howard Wenger, President of Nextracker, referring to the company’s recent acquisition of Bentek Corporation for approximately $78 million.
This strategic move aims to enhance Nextracker’s product offerings and streamline procurement for customers.
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