Nextracker Reports Strong Second Quarter Fiscal Year 2025 Financial Results and Raises Profit Outlook

NXT
September 20, 2025
Nextracker announced robust financial results for the second quarter of fiscal year 2025, which concluded on September 27, 2024. The company reported revenue of $636 million, marking an 11% increase year-over-year, and achieved a GAAP gross profit of $225 million with a 35.4% margin. Adjusted EBITDA for the quarter reached $173 million, representing a 27.2% margin, while adjusted diluted EPS was $0.97. These results included approximately $51 million from IRA 45X advanced manufacturing tax credit vendor rebates, contributing to the company's strong profitability. The company's backlog surged to a new record of over $4.5 billion, providing significant revenue visibility. Based on this performance, Nextracker raised its fiscal year 2025 adjusted EBITDA outlook to a range of $625 million to $665 million and adjusted diluted EPS to $3.10 to $3.30, while reaffirming its revenue guidance of $2.8 billion to $2.9 billion. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.