| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 342.07 | 53.1% | 5.6% |
| Total Income | 342.07 | 53.1% | 5.6% |
| Expenditure | 307.30 | 42.1% | 2.7% |
| PBT | 31.72 | 668.0% | 44.2% |
| Net Profit | 24.35 | 1117.5% | 43.7% |
| OPM | 10.16% | 6.98pp | 2.64pp |
| NPM | 7.12% | 6.22pp | 4.83pp |
| EPS | 0.05 | 155.6% | 73.7% |
Array Technologies Reports Q2 2026 Record Orderbook of $2.5 Billion
06 Aug 2026 · 6 Aug, 1:47 am
Summary
Array Technologies announced its financial results for the second quarter ended June 30, 2026, reporting a record orderbook of $2.5 billion, up 37% year-over-year. The company also achieved a significant milestone of delivering over 100 gigawatts of tracker products globally. Revenue for the quarter was $342.1 million, with a gross margin of 29.1% and adjusted gross margin of 30.8%. CEO Kevin G. Hostetler expressed confidence in the company's ability to execute and create long-term value, supported by strong first-half performance and an updated full-year guidance for Adjusted EBITDA to be in the range of $210 million to $230 million.
Key Highlights
- 1
Array Technologies achieved a record total executed contracts and awarded orders of $2.5 billion as of June 30, 2026, marking a 37% increase year-over-year.
- 2
The company surpassed a significant milestone, delivering over 100 gigawatts of tracker products worldwide.
- 3
In the second quarter of 2026, Array Technologies secured over $500 million in new orders, contributing to a trailing twelve-month book-to-bill ratio of 1.5x.
- 4
New product launches included the formal introduction of DuraTrack D2S for international markets and the next-generation OmniTrack, designed for greater slope adaptability.
- 5
Revenue for the second quarter of 2026 was $342.1 million.
- 6
Gross margin for the second quarter of 2026 was 29.1%, with adjusted gross margin at 30.8%.
- 7
Net income to common stockholders for the second quarter of 2026 was $8.4 million, or $0.05 per basic and diluted common share.
Management Comments
Kevin G. Hostetler
ARRAY delivered a strong second quarter while achieving a significant company milestone, surpassing 100 gigawatts of cumulative tracker product shipments since our founding. For the third consecutive quarter, we achieved a record orderbook of $2.5 billion, reflecting continued share gains and strong execution. During the quarter, we advanced our innovation strategy with the formal launch of DuraTrack D2S and our next-generation OmniTrack product offerings. We continued to build on that momentum in July with the announcement of our new 60° tracker capabilities and the launch of the ARRAY AtlasTM suite of foundation-to-tracker solutions. Our pending acquisition of Affordable Wire Management (AWM), will further advance our balance of system strategy by adding high-margin cable management and safety products. We remain focused on expanding our ability to provide a more integrated, technically interoperable solution set for utility-scale solar customers. Supported by our strong first-half financial performance, we are updating our full-year guidance. While we will continue to monitor market dynamics, we believe our $2.5 billion record orderbook, strong customer demand, and expanding solution set give us confidence in our ability to execute and create long-term value.
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