Nextracker Inc. (NXT) reported fiscal Q4 2026 revenue of $880.52 million, a 9% increase over analyst estimates of $807.33 million, despite a decline from $924.34 million in the previous year. The company’s Q4 EPS was $1.05, exceeding expectations of $0.89 per share by nearly 18% and down from $1.29 a year earlier. Full-year revenue climbed 20% to $3.56 billion, with FY26 EPS rising 27% to $4.50.
For FY27, Nextracker projects EPS between $4.21 and $4.59 and revenue between $3.8 billion and $4.1 billion, aligning closely with Wall Street forecasts. The company also announced plans to expand into power electronics by acquiring Zigor Corp for approximately $80.5 million, marking a strategic shift towards power conversion systems and energy infrastructure.
Following the earnings announcement, Nextracker’s stock rose 8% in trading. The company maintains a debt-free balance sheet and substantial cash reserves, with a current P/E ratio of 32X, which is higher than the Zacks Solar Industry average of 24X.
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