ARRAY Technologies Reports Financial Results for the Third Quarter 2026
Q3 revenue $330.2M, adj. EBITDA $32.1M, record $2.6B orderbook up 42% y/y, but full-year guidance cut on delivery timing; Shoals merger.
What this release says
ARRAY Technologies reported third quarter 2026 revenue of $330.2 million and a net loss to common stockholders of $7.9 million, with adjusted EBITDA of $32.1 million. The company says its record $2.6 billion orderbook and expanded product lineup support demand, and it has agreed to a stock-for-stock merger with Shoals Technologies, which if completed would combine the two into one energy infrastructure platform. The release also lowered full-year 2026 guidance because some project deliveries shifted in timing.
Key figures
- Q3 2026 revenue
- $330.2 million
- Record orderbook at September 30, 2026
- $2.6 billion
- Year-over-year orderbook increase
- 42%
- Trailing twelve-month book-to-bill
- 1.6x
- Q3 adjusted EBITDA
- $32.1 million
- Q3 net loss per share
- $0.05
Positive for shareholders
- The orderbook reached a record $2.6 billion, up 42% year-over-year.
- Trailing twelve-month net new orders exceeded $1.8 billion, with a book-to-bill of 1.6x.
- The Affordable Wire Management acquisition is completed, adding products for battery storage and data center markets.
- Management expects improved gross margin from operational execution and cost discipline.
Negative for shareholders
- The company posted a net loss to common stockholders of $7.9 million in the quarter.
- Full-year 2026 guidance was lowered due to shifts in the timing of certain project deliveries.
- The Shoals merger is a stock-for-stock deal, so it would issue new shares to complete the combination.
- Gross margin of 21.0% was below the 22.8% adjusted gross margin, reflecting excluded items.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Book-to-bill:
- A ratio of new orders received to revenue recognized over a period; above 1 means orders are outpacing sales.
- Orderbook:
- The total value of contracts signed and orders awarded but not yet delivered or recognized as revenue.
- Balance-of-system:
- The supporting equipment, such as wiring, mounting and electrical parts, that surrounds the main solar panels in a power plant.
- Adjusted EBITDA:
- A non-GAAP profit measure that adds back interest, taxes, depreciation, amortization and certain one-time or non-cash items to net income.
FAQ
Why did ARRAY Technologies lower its full-year 2026 guidance?
The release says the update reflects shifts in the timing of certain project deliveries, while underlying customer demand remains strong.
What would the Shoals Technologies merger mean for ARRAY shareholders?
The release describes it as a stock-for-stock merger creating an integrated energy infrastructure platform, which would be subject to completion.
What did ARRAY report for net loss in the third quarter of 2026?
ARRAY reported a net loss to common stockholders of $7.9 million, or $0.05 per basic and diluted share.
Historical context for ARRY
Across the 28 sessions after earlier ARRY headlines, the stock closed higher 8 times and lower 20 times, with a median move of 4.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | ARRY | SPY |
|---|---|---|---|
| Oct 15, 2026 | Array Tech upgraded by Mizuho with a new price targetand 1 other headline that session | +5.6% | +0.3% |
| Sep 29, 2026 | Jefferies resumed coverage on Array Tech with a new price target | +4.2% | -0.2% |
| Sep 18, 2026 | Array Tech downgraded by UBS with a new price target | -4.2% | -0.1% |
| Sep 10, 2026 | ARRAY Opens New Albuquerque Manufacturing Facility with Ribbon Cutting Ceremony | +1.6% | -0.6% |
| Sep 9, 2026 | Piper Sandler initiated coverage on Array Tech with a new price target | -4.7% | -0.5% |
| Sep 1, 2026 | ARRAY Technologies Completes Acquisition of Affordable Wire Management, Expanding Balance-of-System Strategy | -1.4% | -0.7% |
Keep researching ARRY
- ARRY earnings historyPast Array Technologies Inc. earnings releases, newest first.
- What is Earnings per share?A company's net income available to common shareholders divided by its weighted average shares outstanding, reported as basic and diluted figures.
- How to read an earnings reportAn earnings report is a company's quarterly results release, usually filed under 8-K Item 2.02. Learn how to read revenue, EPS, margins, guidance and the 10-Q.
- Earnings calendarWho reports this week, and the results as they come out.
- ARRY financial statementsRevenue, profit, cash flow and balance sheet from Array Technologies Inc.'s SEC filings.
- ARRY insider tradesEvery buy and sale reported by Array Technologies Inc. officers, directors and large holders.
- Market cap
- 30-day
- Sector
- Technology
- Industry
- Semiconductors
- Listed since
- 2020
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