NASDAQ$NXT

Nextpower Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Nextracker's Q1 FY25 earnings reflected strong revenue growth and strategic acquisitions, further solidifying its market position.

Nextracker reported a strong first quarter for fiscal year 2025, marked by significant year-over-year revenue growth and strategic expansions through acquisitions. The company reaffirmed its full-year fiscal 2025 outlook, expecting continued growth and profitability.

  • Launched NX Horizon Low Carbon Tracker and unveiled Agrivoltaics.
  • Expanded JM Steel’s Pittsburgh facility and opened a second Nevada factory by Unimacts with Nextracker-dedicated manufacturing.
  • Acquired Ojjo, Inc. and Solar Pile International’s foundations business to add foundations solutions.
  • Amended credit agreement, expanding revolver facility from $500 million to $1 billion.

Headline financials

Total Revenue

$720M

Previous: $480M+50.1%
EPS

$0.84

Previous: $0.48+75.0%
Capital Expenditures

-$2.89M

Previous: -$694K-316.4%
Free Cash Flow

$119M

Previous: $19.7M+502.0%
Net Income

$122M

Previous: $20.4M+495.7%
Operating Income

$160M

Previous: $73.9M+116.7%
Gross Profit

$237M

Previous: $114M+108.7%
Cash & Equivalents

$472M

Previous: $355M+32.9%
Total Assets

$2.63B

Previous: $1.66B+58.5%
R&D Expense

$16.5M

No prior period

Revenue & EPS history

NEXTracker · Revenue · Quarterly

$720M

Q1 2025+50.1%vs Q1 2024
Beat estimate in 10 of 11 quarters(91%)
ActualEstimate

Forward guidance

Nextracker reaffirmed its full-year fiscal year 2025 outlook, anticipating revenue between $2.8 billion and $2.9 billion, GAAP net income between $363 million and $393 million, and adjusted EBITDA between $600 million and $650 million.

Tailwinds

  • Revenue between $2.8 billion and $2.9 billion.
  • GAAP Net Income between $363 million and $393 million.
  • GAAP Diluted EPS between $2.37 and $2.57.
  • Adjusted EBITDA between $600 million and $650 million.
  • Adjusted Diluted EPS between $2.89 and $3.09.

Headwinds

  • GAAP net income range updated from previous range of $369 million to $399 million to include estimated impact of incremental net intangible asset amortization resulting from acquisitions.
  • GAAP diluted EPS range updated from previous $2.41 to $2.61 to include the estimated impact of incremental net intangible asset amortization resulting from acquisitions.
  • Adjusted EBITDA excludes approximately $103 million for stock-based compensation and net intangible amortization.
  • Adjusted diluted EPS excludes approximately $0.52 for stock-based compensation and net intangible amortization.
  • Uncertainties related to the trends for future solar adoption.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+8.9%

Avg return

Earnings day

+9.2%

Avg return

5 days after

+8.5%

Avg return

30 days after

77%

10 / 13 earnings

Positive

+24.8%

Q3 2024

Best reaction

-14.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+4.9%+7.1%-2.9%
Q3 2026+13.2%+9.1%-0.8%
Q2 2026+8.7%+13.6%-3.6%
Q4 2025+11.8%+7.2%+10.3%
Q3 2025+24.2%+27.2%+13.6%
Q2 2025+23.2%+29.8%+18.0%
Q1 2025-14.6%-18.5%-17.2%
Q4 2024+6.8%+2.6%+40.5%
Q3 2024+24.8%+24.1%+26.8%
Q2 2024-2.7%-9.2%+3.4%
Q1 2024+14.6%+9.9%+2.8%
Q4 2023+5.3%+19.8%+19.7%
Q3 2023-4.7%-2.7%+0.0%
Q2 2023
Q1 2023
Q4 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021

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