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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.