Nextracker Reports Q2 Fiscal 2027 Results Exceeding Earnings and Revenue Estimates
Nextracker (NXT) reported second-quarter fiscal 2027 financial results that surpassed analyst expectations on both the top and bottom lines. The company posted Non-GAAP earnings per share of $1.31, beating estimates by $0.21, while revenue reached $1.10 billion, representing a 21.5% increase year-over-year and exceeding projections by $40 million. Following the strong quarterly performance, Nextracker raised its full-year fiscal 2027 guidance across several key metrics. The company increased its revenue outlook to a range of $4.2 billion to $4.45 billion and upwardly revised both GAAP net income and adjusted EBITDA expectations, signaling continued strength in its solar tracking technology market.
Tickers: $NXT
Topics: earnings beat guidance update revenue growth solar energy
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