Discontinued — last reported Q4 '23
Nextracker — Operating Income
Flex Ltd. Nextracker — Operating Income increased by 44.6% to $162.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 170.0%, from $60.00M to $162.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests improved cost management, higher pricing power, or economies of scale, whereas a decrease may indicate rising input costs, supply chain inefficiencies, or margin compression.
Detailed definition
This metric measures the profitability of the Nextracker segment by subtracting operating expenses from its net sales. I...
Peer comparison
Comparable to segment-level operating profit or EBIT for specialized industrial or clean-tech business units within diversified manufacturing companies.
flex_segment_nextracker_operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $25.00M | $25.00M | $18.00M | $22.00M | $30.00M | $43.00M | $60.00M | $70.00M | $82.00M | $112.00M | $162.00M |
| QoQ Change | — | +0.0% | -28.0% | +22.2% | +36.4% | +43.3% | +39.5% | +16.7% | +17.1% | +36.6% | +44.6% |
| YoY Change | — | — | — | — | +20.0% | +72.0% | +233.3% | +218.2% | +173.3% | +160.5% | +170.0% |
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Frequently Asked Questions
- What is Flex Ltd.'s nextracker — operating income?
- Flex Ltd. (FLEX) reported nextracker — operating income of $162.00M in Q4 2023.
- How has Flex Ltd.'s nextracker — operating income changed year-over-year?
- Flex Ltd.'s nextracker — operating income increased by 170.0% year-over-year, from $60.00M to $162.00M.
- What does nextracker — operating income mean?
- The profit earned from the solar tracker business unit after accounting for its direct operating costs.