NASDAQ$NXT
Nextpower Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported record revenue and profits and raised FY24 guidance.
Nextracker reported strong Q2 results with record revenue, profits, and backlog, marking the third consecutive quarter of year-over-year growth as a public company and the sixth consecutive quarter of margin expansion. The company raised its annual profit guidance and the midpoint of its annual revenue guidance.
- Strong execution supported by global supply chain repositioning and capacity expansion.
- Continued customer wins.
- Product innovation with Next Gen Tech Suite.
- Closed third consecutive quarter of growth year-over-year as a public company.
Headline financials
Revenue & EPS history
NEXTracker · Revenue · Quarterly
$573M
Forward guidance
Nextracker raised its annual profit guidance and the mid-point of its annual revenue guidance, anticipating a strong second half of the fiscal year.
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 Q2 2024
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
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