Ajith Madeley's questions to Nextracker Inc (NXT) leadership • Q2 2025
Question
Ajith Madeley from Mizuho asked about the revenue cadence for the remainder of the fiscal year, specifically the Q3 vs. Q4 weighting and the amount of book-and-bill business needed. He also inquired about the expected structural OpEx, particularly for R&D.
Answer
President Howard Wenger expressed high confidence in the FY25 outlook due to strong backlog visibility, while CFO Chuck Boynton confirmed Q4 will be the largest in company history. Boynton also stated the company is making strategic investments, primarily in R&D and go-to-market, with R&D spend expected to continue increasing in the back half of the year.