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Nextracker beat earnings estimates, boosted by strong global solar demand and a $5B backlog.
Nextracker Inc. reported second-quarter fiscal 2026 results that exceeded expectations, with revenue of $905.27 million—up 42% year-over-year—and adjusted earnings of $1.19 per share, surpassing estimates.
The company’s backlog exceeded $5 billion, and it ended the quarter with $845 million in cash and no debt.
Nextracker raised its full-year revenue outlook to a maximum of $3.475 billion, citing strong global demand for solar tracking systems and continued expansion in North America, Europe, and Asia.
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Nextracker superó las estimaciones de ganancias, impulsado por la fuerte demanda mundial de energía solar y una cartera de pedidos de 5 mil millones de dólares.