NEXTracker Reports Record Revenue and Strategic Expansion

NEXTracker, Inc. Class A ( (NXT) ) has released its Q4 earnings. Here is a breakdown of the information NEXTracker, Inc. Class A presented to its investors.

NEXTracker, Inc. is a prominent provider of advanced solar technology solutions, specializing in solar tracker technologies that optimize the performance of solar power plants globally. The company operates in the renewable energy sector, offering innovative solutions to enhance solar power plant construction and reliability.

NEXTracker recently reported its financial results for the fourth quarter and fiscal year 2025, highlighting a record Q4 revenue of $924 million, marking a 26% increase year-over-year. The company also announced the launch of its Electrical Balance of Systems (eBOS) business following the acquisition of Bentek Corporation.

Key financial metrics from the report include a total fiscal year revenue of approximately $3 billion, an 18% year-over-year increase. The company achieved an adjusted EBITDA of $242 million for Q4, reflecting a robust demand for its products, including the NX Horizon Hail Pro and NX Horizon-XTR solar tracker series. Additionally, NEXTracker expanded its geographic footprint, now serving over 40 countries.

The acquisition of Bentek Corporation is a strategic move to integrate complementary technologies into NEXTracker’s platform, enhancing its market leadership and offering customers a streamlined procurement process. The company ended the fiscal year with $766 million in cash and no debt, positioning it well for future growth.

Looking ahead, NEXTracker’s management remains optimistic about continued growth, with a projected revenue range of $3.2 to $3.4 billion for fiscal year 2026. The company plans to invest in both organic and inorganic growth initiatives to expand its platform and better serve its customers.