Recently, U.S.-based solar tracker manufacturer Nextracker released its Q1 2026 financial results (ending June 27, 2025), reporting revenue of $864 million, a 20% year-over-year increase, with a gross profit of $282 million and a gross margin of 32.6%.
According to Wood Mackenzie’s 2024 Global Solar PV Tracker Market Landscape report, Nextracker held a 26% global market share in 2024. The company shipped 28.5 GW of trackers, marking a 39% year-over-year increase, and secured its position as the world’s top tracker supplier for the tenth consecutive year, with operations spanning all major markets.
Currently, Nextracker boasts approximately 25 GW of manufacturing capacity in the U.S. The company has announced the acquisition of three robotics and artificial intelligence firms for over $40 million, further expanding its technological capabilities in smart operations and maintenance (O&M) and modeling. The total investment exceeds $40 million, and Nextracker stated that these acquisitions will enhance its power plant maintenance and modeling capabilities, representing a strategic move to broaden its technological portfolio around its core tracker business.
Acquired Companies and Their Offerings:
- Onsight Technology: Based in California, the company specializes in automated robotic inspection and fire detection systems for solar power plants. Its AI-powered visual recognition platform enables data collection and fault prediction at remote PV sites.
- Amir Robotics: Provides water-free intelligent cleaning robotic systems that significantly reduce PV power loss caused by dust accumulation.
- SenseHawk IP: Equipped with AI-enhanced drone technology, the company enables high-precision 3D modeling to improve solar project planning and construction efficiency.
