ARRY Array Technologies, Inc.
Price Chart
Executive Summary
Array Technologies reported Q1 2026 revenue of $223.4M, down 26% YoY, but beat its own guidance of ~$200M and delivered adjusted EPS of $0.06 vs consensus -$0.08. Record orderbook of $2.4B and reaffirmed FY2026 guidance ($1.4B-$1.5B revenue, $200M-$230M Adj. EBITDA). Revenue decline tempers positive surprise.
Key Financial Metrics
Actionable Insight
Revenue decline will pressure near-term sentiment, but the orderbook record and reaffirmed full-year guidance suggest H2 ramp. Watch Q2 2026 report for progress on converting $2.4B backlog and margin trajectory.
Key Facts
- Q1 2026 revenue $223.4M, down 26% YoY from $302.4M
- Adjusted EBITDA $28.8M, down 29% YoY from $40.6M
- GAAP net loss per share $(0.09); adjusted EPS $0.06 vs consensus $(0.08)
- Record orderbook of $2.4B at March 31, 2026
- Reaffirmed FY2026 guidance: revenue $1.4B-$1.5B, Adj EBITDA $200M-$230M, Adj EPS $0.65-$0.75
- Q2 2026 revenue guided to $300M-$320M, implying H2-weighted year
Financial Impact
Quarterly revenue decline of $79M YoY, but adjusted EPS beat by $0.14 vs consensus
Risk Factors
- Revenue concentration in H2 creates execution risk
- Tariff and regulatory uncertainty for solar industry
- Net debt leverage at 2.7x with preferred stock overhang
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-031282 |
| Exhibit: exhibit9922026q1earnings.htm | 0001628280-26-031282 |
| Document: arry-20260506.htm | 0001628280-26-031282 |
| Document: 0001628280-26-031282-index-headers.html | 0001628280-26-031282 |
| Document: 0001628280-26-031282-index.html | 0001628280-26-031282 |
| Document: 0001628280-26-031282.txt | 0001628280-26-031282 |
| 8-K Data (Synthetic) | 0001628280-26-031282 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 11, 2026
9d ago
|
DEFA14A
| $8.73 $8.45 | ▼ −3.21% | ▼ −3.12% | $8.26 (−5.38%) |
|
May 6, 2026
14d ago
|
8-K
| $8.20 $8.79 | ▲ +7.20% | ▲ +5.69% | $8.26 (+0.73%) |
|
Apr 15, 2026
5w ago
|
Press Release
| $7.62 $8.11 | ▲ +6.43% | ▲ +5.45% | $8.26 (+8.40%) |
|
Feb 28, 2026
11w ago
|
Institutional Cluster
| $7.57 $6.73 | ▼ −11.10% | ▼ −9.89% | $8.26 (+9.11%) |
|
Feb 25, 2026
12w ago
|
8-K
| $11.00 $7.31 | ▼ −33.55% | ▼ −32.45% | $8.26 (−24.91%) |
US Market Status
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