ARRAY has reported stronger Q2 2026 profitability and reached a record $2.5 billion order book, citing continued customer demand
The company highlighted new product launches and milestone tracker shipments as part of its ongoing technology and solutions expansion
It has raised its adjusted EBITDA and earnings outlook for 2026 while keeping its full-year revenue guidance unchanged
ARRAY Technologies has reported improved Q2 2026 earnings although it forecast lower revenue for the upcoming quarter. Buoyed by the strong order momentum, it has raised its full-year adjusted EBITDA outlook while keeping its revenue forecast unchanged.
For the quarter ended June 30, 2026, ARRAY reported revenue of $342.1 million, representing 53% growth over Q1 2026, while gross profit rose 58% over the same period to $99.6 million. Nevertheless, revenue is 6% lower on an annual basis since its Q2 2025 revenue totaled $362.2 million.
For Q2 2026, ARRAY says its adjusted EBITDA of $63.3 million expanded by 119% quarter-on-quarter (QoQ) from $28.8 million, remaining unchanged from Q2 2025 (see ARRAY Delivers 20% Sequential Revenue Growth In Q2 2025).
With a net income of $8.4 million, it turned profitable after posting a net loss of $13.5 million in the previous quarter.
The company also reported a ‘record’ total executed contracts and awarded orders totaling $2.5 billion, up 37% year-on-year (YoY). ARRAY calls it the company’s third consecutive record order book. This includes over $500 million in new orders during Q2. New products such as OmniTrack, SkyLink, Hail XP, and APA account for 50% of the order book.
It also launched the DuraTrack D2S for international markets and introduced the next-generation OmniTrack product during the reporting quarter.
ARRAY's CEO Kevin G. Hostetler said, “ARRAY delivered a strong second quarter while achieving a significant company milestone, surpassing 100 gigawatts of cumulative tracker product shipments since our founding. For the third consecutive quarter, we achieved a record orderbook of $2.5 billion, reflecting continued share gains and strong execution.”
He added that the pending acquisition of Affordable Wire Management would strengthen its balance-of-system (BOS) strategy by adding cable management and safety products (see ARRAY Technologies Expands BOS Portfolio With AWM Acquisition).
Looking ahead, ARRAY maintains its full-year 2026 revenue guidance at $1.4 billion to $1.5 billion but increased its adjusted EBITDA outlook to between $210 million and $230 million from the previous $200 million to $230 million. It has also updated its adjusted gross margin target to 27% to 28% for the year, up from the previous guidance of 26% to 27%.
For Q3 2026, the company expects revenue of $310 million to $330 million. Analysts at Roth believe that the weaker Q3 revenue guidance raises expectations for a stronger fourth quarter.
