ARRAY Technologies Reports Financial Results for the Third Quarter 2026
Globe Newswire•04/11/2026•07:01 ET
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Key Highlights
- ➤ARRAY and Shoals agreed to a stock-for-stock merger creating an integrated energy infrastructure platform
- ➤Record orderbook reached $2.6 billion, up 42% year-over-year
- ➤2026 revenue guidance cut to $1.34 billion-$1.40 billion from $1.4 billion-$1.5 billion
- ➤2026 Adjusted EBITDA guidance cut to $190 million-$210 million from $210 million-$230 million
- ➤AWM acquisition expands ARRAY into wire management, BESS, and datacenter markets
Expert Statements
Kevin G. Hostetler, Chief Executive Officer of ARRAY Technologies
“The third quarter marked another significant milestone in ARRAY’s evolution from a tracker company to a provider of integrated energy infrastructure solutions. With the completion of our Affordable Wire Management acquisition, we advanced our balance-of-system strategy and gained access to the fast-growing battery energy storage and data center markets. Combined with the formal launch of ARRAY Atlas™ I and II and our new 60-degree U.S. tracker variant, we are delivering on our strategy to offer customers a more complete, interoperable solution set. This is translating into strong commercial momentum, with a record orderbook of $2.6 billion, up 42% year-over-year, and a trailing twelve-month book-to-bill of 1.6x”
Kevin G. Hostetler, Chief Executive Officer of ARRAY Technologies
“While our updated full-year guidance reflects shifts in the timing of certain project deliveries, underlying customer demand remains strong and our continued operational execution and cost discipline are driving improved gross margin expectations. With a record orderbook and an expanded portfolio, we are entering 2027 with strong momentum and we believe we are well positioned to deliver profitable growth and create long-term shareholder value.”
Delivers Record $2.6 Billion Orderbook While Expanding into Adjacent Products and Markets
Announced Agreement to Combine in a Stock-for-Stock Merger with Shoals Technologies Group, Inc., Creating an Integrated Energy Infrastructure Platform
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