Can NXT maintain its Q3 2025 EPS momentum?

**Nextracker's Q3 2025 EPS momentum appears strong and sustainable**, as evidenced by several key factors:

1. **Exceeding Analyst Expectations**: Nextracker's Q3 2025 EPS of $1.03 significantly exceeded analyst expectations, with a surprise of 114%. This indicates the company's performance is currently exceeding market expectations.

2. **Revenue Growth and Product Innovation**: The company reported robust revenue growth, with a 7% sequential increase and a year-to-date revenue of $2 billion, marking a 15% year-over-year growth. Nextracker's continued innovation in products like the NX Horizon Hail Pro™ and its strategic partnerships suggest a strong competitive edge.
3. **Market Demand and Backlog**: Strong demand across all key regions and meaningful contributions from new products have driven record backlog significantly over $4.5 billion. This backlog indicates a strong pipeline of future revenue.
4. **Financial Health and Cash Flow**: Nextracker's financial health, with $418 million of operating cash flow year-to-date and over $693 million in cash and equivalents, provides a solid foundation for sustaining its EPS momentum.
5. **Analyst Optimism and Guidance Raise**: Analysts have boosted their forecasts after the upbeat Q3 results, with FY25 GAAP EPS guidance raised. This optimism reflects confidence in Nextracker's continued performance and growth potential.

In conclusion, Nextracker's Q3 2025 EPS momentum is likely to be maintained due to its strong financial performance, innovative product offerings, robust market demand, and positive analyst sentiment.