Nextracker Inc. (NXT) Income Statement

NASDAQ: NXTRevenue, profits, margins and EPS over 8 years.

NXT FY2026 at a glance

Fiscal year ended March 31, 2026 · U.S. dollars
Revenue+20.3%
$3.56B
FY2026 · hover or tap a bar for each year
FY2019: $660.7MFY2020: $1.17B (+77.3%)FY2021: $1.20B (+2.1%)FY2022: $1.46B (+21.9%)FY2023: $1.90B (+30.5%)FY2024: $2.50B (+31.4%)FY2025: $2.96B (+18.4%)FY2026: $3.56B (+20.3%)
FY2019FY2026
Gross profit+16.2%
$1.16B
FY2026 · hover or tap a bar for each year
FY2019: $56.5MFY2020: $212.9M (+276.6%)FY2021: $232.0M (+9.0%)FY2022: $147.0M (−36.6%)FY2023: $287.0M (+95.2%)FY2024: $691.6M (+141.0%)FY2025: $998.2M (+44.3%)FY2026: $1.16B (+16.2%)
FY2019FY2026
Operating income+9.1%
$697.3M
FY2026 · hover or tap a bar for each year
FY2019: $1.2MFY2020: $148.9M (+12,659.6%)FY2021: $158.5M (+6.5%)FY2022: $65.9M (−58.4%)FY2023: $168.5M (+155.6%)FY2024: $587.1M (+248.5%)FY2025: $639.1M (+8.9%)FY2026: $697.3M (+9.1%)
FY2019FY2026
Net income+15.1%
$585.9M
FY2026 · hover or tap a bar for each year
FY2019: −$1.6MFY2020: $118.3MFY2021: $124.3M (+5.2%)FY2022: $50.9M (−59.1%)FY2023: $118.9M (+133.5%)FY2024: $306.2M (+157.6%)FY2025: $509.2M (+66.3%)FY2026: $585.9M (+15.1%)
FY2019FY2026
EPS (diluted)+6.6%
$4.50
FY2026 · hover or tap a bar for each year
FY2020: $2.58FY2021: $2.97 (+15.1%)FY2022: $1.11 (−62.6%)FY2023: $0.57 (−48.6%)FY2024: $3.05 (+435.1%)FY2025: $4.22 (+38.4%)FY2026: $4.50 (+6.6%)
FY2019FY2026
Net profit margin−0.7 pts
16.5%
FY2026 · hover or tap a point for each year
FY2019: −0.2%FY2020: 10.1% (+10.3 pts)FY2021: 10.4% (+0.3 pts)FY2022: 3.5% (−6.9 pts)FY2023: 6.3% (+2.8 pts)FY2024: 12.3% (+6.0 pts)FY2025: 17.2% (+5.0 pts)FY2026: 16.5% (−0.7 pts)
FY2019FY2026

NXT revenue and net income

RevenueNet incomeNet margin (right axis)

Where NXT's revenue goes

FY2026
Revenue
$3.56B100.0%
Cost of revenue
−$2.40B−67.4%
Gross profit
$1.16B32.6%
Research & development
−$120.9M−3.4%
Sales, general & admin
−$341.9M−9.6%
Operating income
$697.3M19.6%
Interest & other income
$16.6M0.5%
Income taxes
−$127.9M−3.6%
Net income
$585.9M16.5%

Each bar shows an amount and its share of revenue. NXT kept 16.5% of revenue as net income.

NXT profit margins

GrossOperatingNet

NXT growth rates

to FY2026
1 year3 years5 years10 years
Revenue+20.3%+23.2%+24.4%—
Gross profit+16.2%+59.3%+38.0%—
Operating income+9.1%+60.6%+34.5%—
Net income+15.1%+70.2%+36.3%—
EPS (diluted)+6.6%+99.1%+8.7%—

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

NXT quarterly EPS vs estimates

Reported EPSAnalyst estimate

Nextracker beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.87).

NXT income statement

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue$3.56B$2.96B$2.50B$1.90B$1.46B$1.20B$1.17B$660.7M
Cost of revenue$2.40B$1.96B$1.81B$1.62B$1.31B$963.6M$958.4M$604.2M
Gross profit$1.16B$998.2M$691.6M$287.0M$147.0M$232.0M$212.9M$56.5M
Research & development$120.9M$79.4M$42.4M$21.6M$14.2M$13.0M$8.6M$8.6M
Sales, general & admin$341.9M$290.3M$183.6M$96.9M$66.9M$60.4M$55.4M$39.3M
Total operating expenses$462.8M$359.1M$104.5M$118.5M$81.1M$73.5M$64.0M$55.4M
Operating income$697.3M$639.1M$587.1M$168.5M$65.9M$158.5M$148.9M$1.2M
Interest income——————$24,000—
Interest expense$2.6M$13.1M$13.8M$1.8M$34,000$502,000$502,000—
Income before taxes$713.8M$648.0M$608.0M$169.1M$65.1M$158.0M$148.9M$760,000
Income taxes$127.9M$130.8M$111.8M$47.8M$14.2M$33.7M$30.7M$2.4M
Net income$585.9M$509.2M$306.2M$118.9M$50.9M$124.3M$118.3M−$1.6M
EBITDA$747.1M$674.5M$626.2M$174.6M$90.0M$175.3M$166.9M$19.7M
EPS (diluted)$4.50$4.22$3.05$0.57$1.11$2.97$2.58—
Gross margin32.6%33.7%27.7%15.1%10.1%19.4%18.2%8.6%
Operating margin19.6%21.6%23.5%8.9%4.5%13.3%12.7%0.2%
Net margin16.5%17.2%12.3%6.3%3.5%10.4%10.1%−0.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NXT's financial statements (latest annual report filed May 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

NXT financial results

In fiscal year 2026 (ended March 31, 2026), Nextracker reported revenue of $3.6 billion, up 20.3% from the year before. It had net income of $585.9 million (up 15.1%), a net profit margin of 16.5%. Diluted earnings per share came to $4.50. Over five years revenue grew at an average rate of 24.4% a year.

See the NXT stock overview for the latest quote and news, or the NXT chart for price history and technical indicators.

NXT income statement FAQ

What is Nextracker's annual revenue?

Nextracker reported total revenue of $3.6 billion for fiscal year 2026, which ended on March 31, 2026. That was up 20.3% from $3.0 billion the previous year.

Is Nextracker profitable?

Yes. Nextracker reported net income of $585.9 million in fiscal 2026, a net profit margin of 16.5%; its operating margin was 19.6%.

What is Nextracker's gross margin?

Nextracker's gross margin was 32.6% in fiscal 2026: for every $100 of revenue, Nextracker kept $33 after the direct cost of its products and services.

How much does Nextracker spend on research and development?

Nextracker spent $120.9 million on research and development in fiscal 2026, 3.4% of revenue.

How fast is Nextracker growing?

Revenue grew 24.4% a year on average over the last five fiscal years, from $1.2 billion to $3.6 billion.

What are Nextracker's earnings per share?

Nextracker earned $4.50 per diluted share in fiscal 2026, compared with $4.22 a year earlier.

When will Nextracker report its next earnings?

Nextracker is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.

When does Nextracker's fiscal year end?

Nextracker's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 19, 2026.

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