NEXTracker Inc (NXT) shares soared 18.53% in pre-market trading on Wednesday, driven by a stellar fiscal third quarter 2025 earnings report that smashed analyst expectations and an optimistic full-year outlook.
The solar tracking systems provider reported Q3 earnings per share of $1.03, surging past the consensus estimate of $0.59 by a wide 74.58% margin. Revenues of $679.4 million also comfortably exceeded forecasts of $646 million despite a 4.4% year-over-year decline.
Buoyed by the robust Q3 performance, NEXTracker raised its fiscal 2025 GAAP EPS guidance range to $3.75-$3.95, up from its previous outlook of $3.10-$3.30. The company reaffirmed its full-year revenue guidance of $2.8 billion to $2.9 billion.