Array Technologies, Inc. (NASDAQ: ARRY), a leading provider of solar tracking technology, reported its first-quarter fiscal 2026 results for the period ended March 31, 2026. The company delivered revenue of $223.4 million alongside a record order backlog of $2.4 billion.927
Financial Highlights
Adjusted EBITDA reached $28.8 million during the quarter. The company posted a net loss attributable to common shareholders of $13.5 million, while net income stood at $2.0 million.917 Array achieved a book-to-bill ratio exceeding 2x, reflecting strong demand for its products.27
Strategic Progress and Product Innovations
CEO Kevin Hostetler highlighted the company’s robust start to 2026, stating, “ARRAY began 2026 with strong performance, delivering revenue and Adjusted EBITDA above the expectations we set on our last earnings call.” He emphasized growth in the order backlog driven by new offerings like OmniTrack™ and investments in software and services.27
Hostetler also noted the successful integration of APA, including a new headquarters featuring a solar innovation site and Foundations Center of Excellence. The company introduced DuraTrack D2S, a next-generation dual-row tracker for international markets incorporating passive wind stow technology and SmarTrack® controls.27
Full-Year and Quarterly Guidance
Array reaffirmed its fiscal 2026 outlook, projecting revenue between $1.4 billion and $1.5 billion, Adjusted EBITDA of $200 million to $230 million, and adjusted net income per common share of $0.65 to $0.75. For the second quarter ending June 30, 2026, revenue is expected in the range of $300 million to $320 million.2719
The earnings conference call featured CEO Kevin Hostetler, President and COO Neil Manning, and CFO Keith Jennings, joined by Head of Investor Relations Sarah Sheppard. Analysts from Jefferies, ROTH Capital Partners, Guggenheim Securities, Robert W. Baird, Deutsche Bank, Mizuho, Oppenheimer, and RBC Capital Markets participated.
