---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-023261"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:17:39.746447+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nextracker reports FY24 revenue $2.5B (+31% YoY), backlog over $4B, 100 GW shipped

## Summary
- Revenue $2.5B (+31% YoY), GAAP net income $496M (diluted EPS $3.37), adjusted EBITDA $521M (+150% YoY).
- Q4 revenue $737M (+42% YoY), GAAP net income $223M (diluted EPS $1.51), adjusted EBITDA $160M (+120% YoY).
- Record backlog over $4B; first US solar company to exceed 100 GW global shipments since inception.
- FY2025 guidance: revenue $2.8-$2.9B, adjusted EBITDA $600-$650M, adjusted diluted EPS $2.89-$3.09.
- Launched 3 new products and expanded U.S. manufacturing capacity to over 30 GW domestically.

## SEC filing metadata
- accession: 0001628280-24-023261
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2024-05-14T23:59:59+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/1852131/000162828024023261/0001628280-24-023261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000162828024023261/nxt-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023261
- JSON: https://secwatch.observer/filing/0001628280-24-023261.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023261.txt

## Key facts
- Earnings Releases
  Nextpower Inc. reported fiscal full year ended March 31, 2024 results: revenue 2.5 billion, net income 496 million, EPS 3.37.
  - Period: fiscal full year ended March 31, 2024
  - Revenue: 2.5 billion
  - Net income: 496 million
  - EPS: 3.37
  - Result: reported results
  source text: Full FY2024 Financial Highlights • Revenue $2.5 billion, up 31% YoY • GAAP net income $496 million, diluted EPS $3.37
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000162828024023261/0001628280-24-023261-index.htm
- Earnings Releases
  Nextpower Inc. reported fiscal fourth quarter ended March 31, 2024 results: revenue 737 million, net income 223 million, EPS 1.51.
  - Period: fiscal fourth quarter ended March 31, 2024
  - Revenue: 737 million
  - Net income: 223 million
  - EPS: 1.51
  - Result: reported results
  source text: Q4 FY2024 Financial Highlights: • Revenue $737 million, up 42% YoY • GAAP net income $223 million, diluted EPS $1.51
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000162828024023261/0001628280-24-023261-index.htm
- Earnings Releases
  Nextpower Inc. reported FY2025 Annual Guidance results: revenue 2.8 billion to 2.9 billion, net income 369 million to 399 million, EPS 2.41 to 2.61. Guidance initiated.
  - Period: FY2025 Annual Guidance
  - Revenue: 2.8 billion to 2.9 billion
  - Net income: 369 million to 399 million
  - EPS: 2.41 to 2.61
  - Guidance: initiated
  - Result: guidance update
  source text: FY2025 Annual Guidance • Revenue: $2.8 billion to $2.9 billion • GAAP net income: $369 million to $399 million • GAAP diluted EPS: $2.41 to $2.61
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000162828024023261/0001628280-24-023261-index.htm

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