Earnings Releases·Nov 4, 2026, 7:17 AM ET

Array Technologies — Third Quarter 2026 Earnings Summary

Q3 2026 revenue declined to $330.2 million from $393.5 million in the prior year period, while GAAP gross margin fell to 21.0% from 26.9%; the company reported a net loss of $7.9 million compared to net income of $18.4 million previously.
Full-year 2026 guidance was reduced across the board, with revenue lowered to $1.34–$1.40 billion, Adjusted EBITDA to $190–$210 million, and Adjusted net income per share to $0.57–$0.69, though underlying customer demand remains strong.
Strategic expansion continues with the completed acquisition of Affordable Wire Management (AWM) and a formal agreement to merge with Shoals Technologies Group to create an integrated energy infrastructure platform.
Record executed contracts and awarded orders reached $2.6 billion (up 42% year-over-year) with a trailing twelve-month book-to-bill ratio of 1.6x, supporting management's outlook for profitable growth entering 2027.