Nextpower Inc.

to NextTracker's first quarter fiscal year 2026 earnings call. After the speakers remarks, there will be a Q&A session. At this time for opening remarks, I'd like to pass the call over to Ms. Sarah Lee head of investor relations. Sarah, you may begin.

Thank you and good afternoon everyone. Welcome to NextTracker's first quarter fiscal year 2026 earnings call. I'm Sarah Lee, NextTracker's head of investor relations and I'm joined by Dan Schiver, our CEO and founder, Howard Wenger, our president, and Chuck Boynton, our CFO. Following brief prepared remarks, we will transition to a Q&A session. As a reminder, there will be a replay of this call posted on the IR website, along with the earnings press release and shareholder letter. Today's call contains statements regarding our business, financial performance and operations, including our business and our industry that may be considered forward-looking statements and such statements involve risks and uncertainties that may cause actual results to differ materially from our expectations. Those statements are based on current beliefs, assumptions and expectations and speak only at the current date. For more information on those risks and uncertainties, please review our earnings press release, shareholder letter and our SEC filings, including our most recently filed quarterly report on form 10Q and annual report on form 10K, which are available on our IR website at .nextrapper.com. This information is subject to change and we undertake no obligation to update any forward-looking statements as a result of new information, future events or changes in our expectations. Please note we will provide gap and non-gap measures on today's call. The full non-gap to gap reconciliation can be found in the appendix to the press release and the shareholder letter, as well as the financial section of the IR website. And now I will turn the call over to our CEO and founder, Dan.

Good afternoon, everyone, and thank you for joining us. I'm pleased to report our strong start to fiscal year 26, building on the momentum we established last year. Nextrapper continues to deliver consistent growth and strong financial performance, driven by technological leadership, operational excellence and relentless focus on customer value. We deliver robust financial results across all key metrics. Q1 revenue grew 20% year over year to 864 million and adjusted EBITDA increased 23% to 215 million. Our backlog hit a new record of over 4.75 billion, reflecting healthy global demand and an increasingly strong competitive position. We also continue to generate solid cash flow and strengthen our balance sheet. We're particularly pleased with our strong Q1 performance, considering the evolving US policy environment. Our ability to consistently execute in challenging conditions speaks to the strength of our team, differentiated products, and the quality of our customer relationships. One of the most impactful developments in the quarter was the passage of the OBVBA Reconciliation Bill, which addressed a significant portion of the uncertainty surrounding solar manufacturing and investment tax credits. While further clarification is expected, particularly around treasury guidance and safe harbor provisions, we believe Nextrapper is well positioned by virtue of our deep backlog and highly flexible US supply chain. We've worked tirelessly with our suppliers to open and expand over 25 manufacturing facilities across the United States. The Federal Energy Regulatory Commission reported that solar accounted for more than 80% of new US generation capacity in 2024. Globally, solar contributed more than twice as much incremental electricity as the next largest energy source. And looking forward, the International Energy Agency predicts that solar will become the largest source of global electricity supply within the next decade. These powerful trends reinforce our conviction, solar and Nextrapper in particular, will play a central role in the future of energy. We're scaling our platform to address this rapidly expanding opportunity and announce this morning three strategic acquisitions in the fields of robotics and AI. These technologies from autonomous inspection and robotic cleaning to 3D site mapping, integrate directly with our control and monitoring systems to help customers optimize performance, reduce O&M costs and lower risk. This initiative exemplifies our strategy of combining breakthrough engineering with digital innovation to deliver more value across the full life cycle of the project. As we move beyond being the global leader in solar trackers and evolve into a broader technology platform for utility scale solar, we're excited to provide a more detailed look into our strategy at our upcoming Capital Markets Day on November 12th at our headquarters. With that, I'll turn it over to our president, Howard Wenger, to go deeper into our Q1 performance and the exciting developments across our technology portfolio.