NASDAQ$NXT
Nextpower Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a strong quarter, marking its first as a public company, with significant revenue and earnings growth.
Nextracker reported strong Q4 and FY2023 results, with Q4 revenue of $518.4 million and a record backlog of $2.6 billion. The company's performance reflects its leadership position in solar markets, a global supply chain, and solid execution.
- Q4 revenue reached $518.4 million.
- GAAP net income for Q4 was $27.5 million.
- Backlog grew to a record $2.6 billion, a 90% year-on-year increase.
- The company is optimistic about future solar adoption trends.
Headline financials
Revenue & EPS history
NEXTracker · Revenue · Quarterly
$518M
Forward guidance
Nextracker provided its Fiscal Year 2024 outlook, including revenue between $2.1 billion and $2.3 billion, GAAP net income between $175 million and $205 million, GAAP EPS between $1.20 and $1.40, Adjusted EBITDA between $265 million and $305 million, and Adjusted Non-GAAP EPS between $1.35 and $1.55.
Tailwinds
- Revenue: $2.1 billion to $2.3 billion
- GAAP Net Income: $175 million to $205 million
- GAAP EPS: $1.20 to $1.40
- Adjusted EBITDA: $265 million to $305 million
- Adjusted Non-GAAP EPS: $1.35 to $1.55
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 Q4 2023
+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 | — | — | — |
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