---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-001501"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:07:43.212949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nextracker Q3 FY24 revenue $710M (+38% YoY); adj. EPS $0.96; raises FY24 guide

## Summary
- Revenue $710M, up 38% YoY; GAAP net income $128M ($0.87 diluted EPS).
- Adjusted EBITDA $168M, up 168% YoY; adjusted net income $142M ($0.96 adj. diluted EPS).
- Raised FY24 revenue guidance to $2.425B-$2.475B (from $2.3B-$2.4B); adjusted EBITDA to $475M-$500M.
- Record backlog; achieved 10-gigawatt milestone in India, Middle East, Africa for projects in operation/fulfillment.
- Total liquidity ~$800M; year-to-date operating cash flow $317M and adjusted free cash flow $314M.

## SEC filing metadata
- accession: 0000950103-24-001501
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2024-01-31T23:59:59+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/1852131/000095010324001501/0000950103-24-001501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000095010324001501/dp206047_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-001501
- JSON: https://secwatch.observer/filing/0000950103-24-001501.json
- Plain text: https://secwatch.observer/filing/0000950103-24-001501.txt

## Key facts
- Earnings Releases
  Nextpower Inc. reported the third fiscal quarter ended December 31, 2023 results: revenue $710 million, net income $128 million, diluted EPS $0.87, EPS $0.87. Guidance raised.
  - Period: the third fiscal quarter ended December 31, 2023
  - Revenue: $710 million
  - Net income: $128 million, diluted EPS $0.87
  - EPS: $0.87
  - Guidance: raised
  - Result: reported results
  source text: of intelligent solar tracker and software solutions, today announced financial results for the third quarter ended December 31, 2023. Q3 FY2024 Financial Highlights: • Revenue $710 million, up 38% YoY • GAAP net income $128 million, diluted EPS $0.87 • Adjusted EBITDA $168 million, up 168% YoY • Adjusted net income $142 million, adjusted diluted EPS $0.96 Q3 FY2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000095010324001501/0000950103-24-001501-index.htm

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