---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-015351"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:40:22.391756+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nextracker Q2 revenue $573M (+23% YoY), GAAP EPS $0.55, raises FY24 guidance

## Summary
- GAAP net income $81M ($0.55 EPS); non-GAAP net income $96M ($0.65 EPS).
- Adjusted EBITDA $110M, up 164% YoY; record backlog and customer wins globally.
- FY24 guidance raised: revenue $2.3B-$2.4B; GAAP EPS $1.60-$1.80; adjusted EBITDA $390M-$440M.
- Non-GAAP EPS guidance raised to $1.95-$2.15 from $1.45-$1.65.
- Announced planned separation from Flex in separate press release.

## SEC filing metadata
- accession: 0000950103-23-015351
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852131/000095010323015351/0000950103-23-015351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000095010323015351/dp201772_8k-earnings.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-015351
- JSON: https://secwatch.observer/filing/0000950103-23-015351.json
- Plain text: https://secwatch.observer/filing/0000950103-23-015351.txt

## Key facts
- Earnings Releases
  Nextpower Inc. updated its guidance (raised).
  - Guidance: raised
  - Result: guidance update
  source text: We have raised our annual profit guidance and the mid-point of our annual revenue guidance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000095010323015351/0000950103-23-015351-index.htm
- Earnings Releases
  Nextpower Inc. reported the second quarter ended September 29, 2023 results: revenue $573 million, net income GAAP net income $81 million, EPS $0.55, EPS $0.55. Guidance raised.
  - Period: the second quarter ended September 29, 2023
  - Revenue: $573 million
  - Net income: GAAP net income $81 million, EPS $0.55
  - EPS: $0.55
  - Guidance: raised
  - Result: reported results
  source text: intelligent solar tracker and software solutions, today announced financial results for the second quarter ended September 29, 2023. Q2 FY2024 Financial Highlights: • Revenue $573 million, up 23% YoY • GAAP net income $81 million, EPS $0.55 • Adjusted EBITDA $110 million, up 164% YoY • Non-GAAP net income $96 million, non-GAAP EPS $0.65 Q2 FY2024 Business
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000095010323015351/0000950103-23-015351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.