Core Insights - Nextracker Inc. reported strong second-quarter results, exceeding both revenue and earnings expectations, driven by robust demand and momentum from acquisitions [1][3] Financial Performance - Fiscal Q2 2026 revenue reached $905 million, surpassing Goldman Sachs' estimate of $859 million [3] - Adjusted EBITDA was $224 million, exceeding expectations of $207 million, while adjusted EPS was $1.19, above the forecast of $1.07 [3] - Non-GAAP gross margin was 33.1%, with a potential 36% if excluding tariff-related effects [4] Future Outlook - The company raised its fiscal 2026 revenue forecast to $3.275-$3.475 billion, indicating a 14% year-on-year growth at the midpoint [5] - Adjusted EBITDA is now expected to be between $775 million and $815 million, with EPS guidance increased to $4.04–$4.25 [5] - Management anticipates slight margin softening in the second half due to international mix and tariffs, but underlying trends remain strong [5] Business Development - Nextracker achieved record bookings, particularly in its eBOS and foundations units, with Bentek reporting its best results in four decades [6] - The company formed a 50/50 joint venture with Abunayyan Holding to create Nextracker Arabia, expanding its presence in Saudi Arabia and the MENA region [7] Financial Position - Nextracker has a strong balance sheet with $171 million in quarterly free cash flow and $845 million in cash [8] - The company has a renewed $1 billion credit line and expects an additional $400 million in free cash flow in the second half, providing ample liquidity for growth [8] Market Reaction - NXT shares increased by 7.92% to $97.54 following the announcement [9]