Array Technologies Q1 net loss widens to $13.5 million; revenue drops 26.1% to $223.4 million

Array Technologies

Array Technologies

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  • Array Technologies posted 1Q 2026 revenue of USD 223.4 million, while net loss attributable to common shareholders widened to USD 13.5 million, or USD 0.09 per share.
  • Gross margin improved to 28.2%, while adjusted EBITDA fell to USD 28.8 million.
  • Executed contracts and awarded orders rose to a record USD 2.4 billion at March 31, 2026, with a 2x book-to-bill ratio and a trailing 12-month book-to-bill of 1.3x.
  • Won projects in Turkey, Peru, and Colombia, while launching DuraTrack D2S, a dual-row tracker aimed at international markets.
  • Reaffirmed full-year 2026 guidance for revenue of USD 1.4 billion to USD 1.5 billion; forecast 2Q revenue of USD 300 million to USD 320 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Array Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605061605PRIMZONEFULLFEED9714664) on May 06, 2026, and is solely responsible for the information contained therein.

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