Nextracker, Inc. reported its Q3 FY25 financial results, exceeding analysts' expectations with an adjusted diluted earnings per share (EPS) of $1.03, compared to the estimated $0.48. The company's revenue reached $679 million, surpassing the forecast of $617.99 million, although it represented a 4% decline year-over-year. Nextracker's GAAP diluted EPS was reported at $0.79, beating the estimate of $0.45. The company has raised its fiscal year 2025 adjusted EPS guidance to a range of $3.75 to $3.95 from a prior range of $3.10 to $3.30. Additionally, Nextracker's backlog has reportedly increased to over $4.5 billion. Following the earnings announcement and raised guidance, Nextracker's stock surged by approximately 22% in after-hours trading. Analysts from Barclays have upgraded the stock to overweight, citing strong execution and the potential for the company to meet or exceed its guidance metrics for FY25.