earnings
confidence high
sentiment positive
materiality 0.75
Array Tech Q2 revenue $342M, record $2.5B orderbook, raises FY adjusted EBITDA guidance
Array Technologies, Inc.
- Q2 revenue $342.1M; net income $8.4M ($0.05 EPS); adjusted EPS $0.24; adjusted EBITDA $63.3M.
- Record orderbook of $2.5B (+37% YoY); surpassed 100 GW cumulative tracker shipments.
- Launched DuraTrack D2S, next-gen OmniTrack, and ARRAY Atlas foundation-to-tracker suite.
- Pending acquisition of Affordable Wire Management (AWM) expected to close Q3 2026.
- Raised FY 2026 adjusted EBITDA guidance to $210M-$230M (from $200M-$230M); revenue unchanged $1.4B-$1.5B.