NASDAQ$NXT

Nextpower Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Nextracker achieved record revenue, profit, and backlog, reflecting strong execution and the ability to meet customer requirements.

Nextracker reported a record third quarter, outperforming across revenue, profit, and backlog. The company raised its annual guidance.

  • Nextracker achieved a record third quarter.
  • The company outperformed across revenue, profit and backlog.
  • Strong execution and capability to meet customer requirements were demonstrated.
  • Annual guidance was raised again.

Headline financials

Total Revenue

$710M

Previous: $513M+38.4%
EPS

$0.87

Previous: $0.93-6.3%
Capital Expenditures

-$3.85M

No prior period
Free Cash Flow

$37.5M

No prior period
Net Income

$41.4M

Previous: $42.6M-2.8%
Operating Income

$148M

Previous: $58.7M+153.1%
Gross Profit

$210M

Previous: $82.3M+155.0%
Cash & Equivalents

$368M

No prior period
Total Assets

$2.1B

No prior period
R&D Expense

$12.9M

Previous: $4.98M+158.8%

Revenue & EPS history

NEXTracker · Revenue · Quarterly

$710M

Q3 2024+38.4%vs Q3 2023
Beat estimate in 10 of 11 quarters(91%)
ActualEstimate

Forward guidance

The company raised its annual guidance.

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 Q3 2024

Historical avgQ3 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

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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