ARRY · Array Technologies, Inc.

Array Technologies delivered Q1 2026 results with revenue of $223.4 million, reflecting 15% volume growth versus prior quarter despite a 1% topline decline. Gross margin expanded significantly to 28.2% GAAP and 30.7% adjusted, driven by operational improvements and new product traction including OmniTrack and software/services investments. Adjusted EBITDA of $28.8 million marked 157% growth over 4Q25, with CEO Kevin G. Hostetler highlighting a record $2.4 billion orderbook fueled by 2x book-to-bill, 50% APA orderbook growth, and international wins in Turkey, Peru, and Colombia. The company introduced DuraTrack D2S, a dual-row tracker leveraging patented wind stow technology and SmarTrack controls for global markets. APA integration advanced with a new headquarters featuring a foundations center of excellence. Management reaffirmed full-year guidance of $1.4-1.5 billion revenue and $200-230 million Adjusted EBITDA, signaling confidence in domestic strength and disciplined international expansion amid orderbook composition showing 53% from new products like OmniTrack, SkyLink, and Hail XP.