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.
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
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
Investment Themes
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 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 9d ago | Institutional Cluster | $3.26 $3.33 | ▲ +2.15% | ▲ +1.81% | $3.15 (−3.37%) |
Oct 12, 2026 14d ago | Institutional Cluster | $3.60 $3.57 | ▼ −0.83% | ▼ −0.82% | $3.15 (−12.50%) |
Aug 31, 2026 8w ago | Press Release | $4.36 $4.57 | ▲ +4.82% | ▲ +4.37% | $3.15 (−27.75%) |
Aug 20, 2026 9w ago | 8-K | $4.71 $4.69 | ▼ −0.42% | ▼ −0.83% | $3.15 (−33.12%) |
Jul 13, 2026 15w ago | Press Release | $6.12 $6.28 | ▲ +2.61% | ▲ +2.26% | $3.15 (−48.53%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.77 $8.08 | ▲ +3.99% | ▲ +2.23% | $3.15 (−59.46%) |
May 11, 2026 24w ago | DEFA14A | $8.73 $8.17 | ▼ −6.41% | ▼ −6.28% | $3.15 (−63.92%) |
May 6, 2026 24w ago | 8-K | $8.20 $8.20 | · 0.00% | ▼ −0.83% | $3.15 (−61.59%) |
Apr 15, 2026 27w ago | Press Release | $7.62 $7.83 | ▲ +2.76% | ▲ +1.54% | $3.15 (−58.66%) |
Feb 28, 2026 34w ago | Institutional Cluster | $7.57 $7.50 | ▼ −0.92% | ▼ −0.01% | $3.15 (−58.39%) |
US Market Status
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