Quarterly ResultMay 6, 2026, 04:21 PM
Array Technologies Q1 Revenue $223.4M; Record Orderbook $2.4B
AI Summary
Array Technologies announced its financial results for the first quarter ended March 31, 2026, reporting revenue of $223.4 million and Adjusted EBITDA of $28.8 million, exceeding internal expectations. The company achieved a new record orderbook of $2.4 billion and introduced DuraTrack D2S, a new dual-row tracker for international markets. Array Technologies also reaffirmed its full-year 2026 financial guidance.
Key Highlights
- Achieved a record orderbook of $2.4 billion as of March 31, 2026.
- Reported Q1 2026 Revenue of $223.4 million.
- Delivered Q1 2026 Adjusted EBITDA of $28.8 million.
- Achieved Q1 2026 Adjusted gross margin of 30.7%.
- Reported Q1 2026 Adjusted net income per diluted common share of $0.06.
- Introduced DuraTrack D2S, a new dual-row tracker solution for international markets.
- Reaffirmed Full Year 2026 Revenue guidance in the range of $1.4 billion to $1.5 billion.
- Reaffirmed Full Year 2026 Adjusted EBITDA guidance in the range of $200 million to $230 million.
Price Impact
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