Nextracker Bets Big on AI & Robotics—Is This the Future of Solar Infrastructure? 

Nextracker, a provider of advanced solar tracking systems, reported its financial performance for the first quarter of fiscal year 2026, showcasing both strengths and underlying challenges. The company achieved a significant year-over-year revenue increase of 20% to $864 million, buoyed by strong global demand and robust operational execution. Adjusted EBITDA similarly grew by 23% to $215 million, representing an EBITDA margin of 25%, a 100 basis point improvement from the prior year. This growth was also supported by a record backlog of $4.75 billion, reflecting continued order momentum.