Q2 2026 Nextracker Inc Earnings Call Transcript
Key Points
- Nextracker Inc (NXT) reported a 42% year-over-year revenue growth to $905 million in Q2, with adjusted EBITDA increasing by 29% to $224 million.
- The company announced a multi-year agreement with a leading US solar panel manufacturer for advanced module frame technology, valued at over $75 million.
- Nextracker Inc (NXT) launched NX PowerMerge, achieving record eBOS bookings, the highest in Bentek's 40-year history.
- The company entered into a joint venture, Nextracker Arabia, with Abunayyan Holding, expanding its manufacturing footprint and commercial presence in the Middle East and North Africa.
- Nextracker Inc (NXT) raised its full-year FY26 outlook, expecting revenue between $3.275 billion and $3.475 billion, and adjusted EBITDA between $775 million and $815 million.
- The company faces tariff-related headwinds, with impacts increasing to approximately 300 basis points in Q2.
- There is a modest margin impact expected in the second half of the year due to Section 232 tariffs and a higher percentage of international projects.
- Project timing remains stable but manageable, with some projects accelerating and others pushing out, which could affect revenue recognition.
- The company is experiencing increased costs due to the ongoing shift toward domestically manufactured systems.
- Nextracker Inc (NXT) is dealing with the impacts of US tariffs, which are substantial, although mitigated by their domestic supply chain.
Good afternoon, everyone and thank you for standing by. My name is Nicole, and I will be your conference operator today. Today's call is being recorded. I would like to welcome everyone to Nextracker's second-quarter fiscal year 2026 earnings call. After the speaker's remarks, there will be a Q&A session. (Operator Instructions)
At this time, for opening remarks, I would like to pass the call over to Ms. Sarah Lee, Head of Investor Relations. Sarah, you may begin.
Thank you, and good afternoon, everyone. Welcome to Nextracker's second-quarter fiscal year 2026 earnings call.
I'm Sarah Lee, Nextracker's Head of Investor Relations, and I'm joined by Dan Shugar, our CEO and founder; Howard Wenger, our President; and Chuck Boynton, our CFO. As a reminder, there will be a replay of this call posted on the IR website along with the earnings press release and shareholder letter.
Today's call contains statements regarding our business financial performance and operations, including
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