Nextracker announced record financial results for the fourth quarter and full fiscal year 2025, which ended March 31, 2025. For Q4 FY25, revenue reached $924 million, a 26% increase year-over-year, with adjusted diluted EPS of $1.29. Full fiscal year 2025 revenue was approximately $3 billion, an 18% increase over the prior year.
The company reported a full fiscal year 2025 adjusted EBITDA of $776 million, up 49% year-over-year, and generated $622 million in adjusted free cash flow, a 46% increase from the previous year. Nextracker ended the fiscal year with $766 million in cash and no debt, highlighting its strong financial position.
Nextracker provided its outlook for fiscal year 2026, projecting revenue in the range of $3.2 billion to $3.4 billion, adjusted EBITDA between $700 million and $775 million, and adjusted diluted EPS between $3.65 and $4.03. The company also noted a record backlog significantly above $4.5 billion, driven by strong demand for its Hail Pro and XTR tracker series.
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