Array Technologies, Inc. (ARRY) Earnings
Array Technologies, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.12. ARRY has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise -12006.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.06 | $0.06 | +200.0% | $223M | +10.8% |
| Feb 25, 2026 | $0.00 | $-0.95 | -48288.4% | $226M | +6.9% |
| Nov 5, 2025 | $0.21 | $0.30 | +42.9% | $393M | +86.4% |
| Aug 7, 2025 | $0.21 | $0.25 | +19.0% | $362M | +34.8% |
| Feb 27, 2025 | $0.19 | $0.16 | -15.8% | $275M | +2.2% |
| Nov 7, 2024 | $0.14 | $0.17 | +21.4% | $231M | -15.5% |
| Aug 8, 2024 | $0.11 | $0.20 | +81.8% | $256M | +10.4% |
| May 9, 2024 | $0.02 | $0.06 | +284.6% | $153M | +9.5% |
| Feb 27, 2024 | $0.11 | $0.21 | +90.9% | $342M | +8.5% |
| Mar 21, 2023 | $0.09 | $0.10 | +11.1% | $402M | +9.6% |
| Apr 5, 2022 | $-0.03 | $-0.06 | -100.0% | $213M | -0.6% |
| Nov 11, 2021 | $-0.05 | $-0.07 | -31.0% | $189M | -0.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Key achievements: Strong start to the year, $223M revenue, adjusted gross margin 30.7%, adjusted EBITDA $29M, 15% QoQ volume growth, record order book $2.4B. • Business highlights: Commercial momentum builds, new record order book, multiple Skylink deployments, international contracts in EMEA and Latin America, opened new 30,000-square-foot headquarters with research, testing, training center. • Strategic priorities: Innovation with Duratrac D2S tracker, international expansion with contracts in Turkey, Peru, Colombia, customer first culture with strong order book and book-to-bill ratio
Guidance
• Reaffirming full year 2026 guidance across key metrics. • Adjusted gross margin outlook 26 - 27% unchanged. • Q2 revenue expected $300 - $320 million, Q2 adjusted gross margin at higher end of full year range, second-half margins influenced by international volume mix. • Expect to protect margins through focused execution, with innovation and diversification for future margin expansion
Segment performance
Q1 revenue was $223 million. Adjusted gross margin reached 30.7%, adjusted EBITDA was $29 million. Volume increased ~15% QoQ. Record order book of $2.4 billion. Revenue contribution: domestic mix heavier, new products over half the order book. Adjusted gross margin for the year guided at 26 - 27%
Risks & headwinds
• Forward-looking statements subject to risks and uncertainties that may cause actual results to differ from statements. • Macro and regulatory backdrop remains fluid, including potential impacts from events like the war in Iran on logistics costs
Analyst Q&A
Q: Talk about gross margin hedging strategy.
A: Took prudent approach to withstand shocks, has puts and takes in business, rising commodities and logistics offset by productivity gains and new product success.
Q: Impact of tax equity issue on timelines?
A: No material changes to schedule seen yet, backlog conversion rate shows backlog aligned to near-term delivery windows.
Q: Diversification with customers?
A: Seeing good traction with technical selling approach, new products in backlog over 50%, improving win rate.
Q: International business and margin?
A: APA taking market share in fixed tilt, international business selective and returns-focused, D2S developed for international markets.
Q: Order book conversion and new products?
A: ~80% of order book expected to convert over next six quarters, similar weighting of new products.
Q: International sales activity and acceleration?
A: Targeted and selective, looking for markets appreciating DuraTrac and OmniTrac platforms, D2S to launch in Munich.
Q: Freight cost impact and offset?
A: Working to adjust bid processes, renegotiating carrier agreements, optimizing routings, embedding into new bids