Investor Presentation

Reconciliation of GAAP to Non-GAAP Measures $M, except percentages and per share data Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 GAAP gross profit 50 65 82 90 114 149 Stock-based compensation expense Intangible amortization 0 0 0 12 2 3 0 0 0 0 0 Non-GAAP gross profit 50 65 83 102 116 152 Gross Margin 12% 14% 16% 20% 24% 27% GAAP operating income Stock-based compensation expense Intangible amortization 3-- 30 39 59 1 1 1 1 0 1120 41 74 94 29 8 18 2800 Legal costs 2 Other (0) Non-GAAP operating income 31 42 60 70 82 112 Operating Margin 8% 9% 12% 13% 17% 20% GAAP net income 24 27 43 28 64 81 Stock-based compensation expense 1 1 29 8 18 Intangible amortization 1 1 0 0 Adjustment for taxes (1) (1) (0) (1) (1) 0円 (4) Legal costs 2 Other (0) | Non-GAAP net income 25 29 43 56 71 96 nextracker. Numbers in chart may not total due to rounding. ©2023 NEXTRACKER 28

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