Nextracker (NXT) Beats Q3 Earnings and Revenue Estimates, Raises Full-Year Guidance

Nextracker Inc. (NXT) reported fiscal third-quarter net income of $131.2 million, or $0.85 per share, with adjusted earnings of $1.10 per share surpassing analyst expectations of $0.93. The solar equipment supplier posted revenue of $909.4 million, exceeding forecasts of $814.6 million. The company raised its full-year guidance, projecting earnings between $4.26 and $4.36 per share and revenue in the range of $3.43 billion to $3.5 billion. Nextracker's strong performance reflects robust demand in the solar energy sector and operational efficiency.