Nextracker raises FY25 profit outlook; Q3 revenue $679 million, down from $710 million
Nextracker reported fiscal third-quarter 2025 results for the period ended December 31, 2024. Revenue fell year over year to $679 million and GAAP diluted EPS fell to $0.79 from $0.87, while adjusted diluted EPS rose to $1.03 from $0.96; the company raised its FY25 profit outlook and reaffirmed its revenue outlook of $2.8 billion to $2.9 billion.
- Q3 FY25 revenue was $679 million, compared with $710 million in Q3 FY24 and $636 million in Q2 FY25.
- GAAP diluted EPS was $0.79 versus $0.87 a year earlier; adjusted diluted EPS was $1.03 versus $0.96.
- FY25 GAAP diluted EPS outlook was raised to $3.11 to $3.31 from $2.50 to $2.70; adjusted diluted EPS outlook to $3.75 to $3.95 from $3.10 to $3.30.
- Q3 FY25 results included about $52 million of IRA 45X vendor rebates, which Q3 FY24 did not include.