Nextracker’s Saudi Joint Venture Is a Game-Changer—Can It Capitalize On The MENA Solar Boom?

Nextracker’s second quarter fiscal year 2026 results reflect a strong performance marked by substantial revenue growth, strategic partnerships, and expansion of their technology platform. The company posted a 42% year-over-year revenue increase to $905 million and a 29% rise in adjusted EBITDA to $224 million. For the first half of the fiscal year, revenue reached $1.77 billion, which indicates a 31% increase compared to the previous year, setting a new record for the company. A positive aspect of Nextracker’s current strategy is their emphasis on innovation and integration of advanced technologies. Their recent multiyear agreement with a leading U.S. solar panel manufacturer is valued over $75 million and focuses on their advanced module frame technology. This underscores their ability to offer significant value by increasing the domestic content of solar panels and improving their durability and installation efficiency.