Array Technologies, Inc. reported first quarter ended March 31, 2026 results: revenue $223.4, net income ($13.5), EPS ($0.09). Guidance reaffirmed.
“of flagship DuraTrack® product • Reaffirming Full Year 2026 financial guidance 2026 First Quarter Financial Highlights (in millions, except per share) 1Q 2026 Revenue $223.4 Gross margin 28.2% Adjusted gross margin (1) 30.7% Net loss to common shareholders ($13.5) Adjusted EBITDA (1) $28.8 Net loss per basic and diluted common share ($0.09) Adjusted”
Debt Financings
Array Technologies, Inc. amended revolving credit of from $166,000,000 to $370,000,000 with Goldman Sachs Bank USA at removes the credit spread adjustment with respect to Term SOFR maturing from October 14, 2028 to February 18, 2031.
“increases the revolving credit facility commitments under the original Credit Agreement from $166,000,000 to $370,000,000; (ii) extends the maturity of the revolving credit facility from October 14, 2028 to February 18, 2031; (iii) removes the credit spread adjustment with respect to Term SOFR”
Material Agreements
Array Technologies, Inc. amended Amendment No. 5 to Credit Agreement with Goldman Sachs Bank USA (effective 2026-02-18).
“On February 18, 2026, Array Tech, Inc. (f/k/a Array Technologies, Inc.) (the “Borrower”), a New Mexico corporation and wholly-owned subsidiary of Array Technologies, Inc. (the “Company”), entered into that certain Amendment No. 5 to Credit Agreement (the “Fifth Amendment”), by and among the Borrower, the Company’s wholly-owned subsidiary ATI Investment Sub, Inc., as holdings (“Holdings”), Goldman Sachs Bank USA, as administrative agent and collateral agent (“Goldman Sachs”), and the Lenders (as defined in the Fifth Amendment), to its credit agreement entered into on October 14, 2020, by and among the Borrower, Holdings, Goldman Sachs, and certain other lenders from time to time party thereto (the “Credit Agreement”).”
M&A Transactions
Array Technologies, Inc. completed an acquisition involving APA Solar, LLC for approximately $159.9 million, net of preliminary and customary purchase price adjustments (closed 2025-08-14).
“and the guarantors party thereto. At the closing of the APA Acquisition, pursuant to the Purchase Agreement, the Company paid cash consideration to the Seller of approximately $159.9 million, net of preliminary and customary purchase price adjustments and subject to final post-closing settlement (after giving effect to such settlement, the “Purchase Price”). The”
Paulo Almirante departed as Director at Array Technologies, Inc..
“Paulo Almirante informed Array Technologies, Inc. (the “Company”) that he will not stand for re-election as a director of the Board of Directors of the Company (the “Board”) at the Company’s 2025 Annual Meeting of Stockholders expected to be held on or around May 20, 2025”
Tyson Hottinger resigned as Chief Legal Officer and Corporate Secretary at Array Technologies, Inc..
“On September 24, 2024, Tyson Hottinger, the Chief Legal Officer and Corporate Secretary of Array Technologies, Inc. (the “Company”), gave notice of his intention to resign from his positions as an officer and employee of the Company and its subsidiaries and affiliates effective October 31, 2024.”
Kurt Wood departed as Chief Financial Officer at Array Technologies, Inc..
“On June 4, 2024, Array Technologies, Inc. (the “Company”) and Kurt Wood, Chief Financial Officer of the Company (“CFO”), mutually determined that Mr. Wood would step down from his position as CFO, effective as of June 30, 2024.”
Earnings Releases
Array Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $153.4 million, net income Net loss to common shareholders of $11.3 million, EPS Basic and diluted net loss per share of $0.07. Guidance reaffirmed.
“Array Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded orders First Quarter 2024 Highlights • Revenue of $153.4 million • Gross Margin of 35.9% • Adjusted gross margin of 38.3% (1) • Net loss to common shareholders of $11.3 million • Adjusted EBITDA (1) of $26.2 million • Basic and diluted net loss per share of $0.07 • Adjusted diluted net income per share (1) of $0.06”
James Zhu was appointed as Chief Accounting Officer at Array Technologies, Inc..
“On March 19, 2024, James Zhu, age 62, was appointed to the position of Chief Accounting Officer of Array Technologies, Inc. (the “Company” or “Array”) by the Company’s Board of Directors (the “Board”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.