Nextracker raises FY25 profit outlook after Q2 revenue of $636 million
Nextracker reported fiscal second-quarter 2025 results for the period ended September 27, 2024, with revenue of $636 million, up from $573 million a year earlier. It reaffirmed its FY25 revenue outlook of $2.8 to $2.9 billion and raised its FY25 profit outlook, which signals higher expected earnings for the year for shareholders.
Key points
- Q2 FY25 revenue was $636 million versus $573 million in Q2 FY24; Q1 FY25 revenue was $720 million.
- GAAP net income was $117 million, and GAAP diluted EPS was $0.79, compared with $0.55 a year earlier.
- FY25 adjusted EBITDA outlook raised to $625 to $665 million from $600 to $650 million; adjusted diluted EPS outlook raised to $3.10 to $3.30 from $2.89 to $3.09.
- Q2 results include about $51 million of IRA 45X tax credit vendor rebates, which were not in the prior-year quarter.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.