ARRAY Technologies Sees Record Orderbook Growth
News related to:ARRAY Technologies, Inc · 2 min read
ARRAY Technologies, Inc. (NASDAQ: ARRY), a leading global provider of integrated energy infrastructure products, software, and service solutions, announced significant financial and operational achievements for the third quarter of 2026. The company delivered a record $2.6 billion orderbook, marking a 42% increase from the same period in 2025. This impressive figure underscores the company's strong market position and its ability to secure substantial contracts and orders.
In line with its strategy to expand into adjacent products and markets, ARRAY Technologies has been actively pursuing new opportunities. The company has completed the acquisition of Affordable Wire Management (AWM), expanding its product portfolio into wire management and reaching the Battery Energy Storage System (BESS) and Datacenter markets. This acquisition not only diversifies the company's revenue streams but also positions it to capitalize on the growing demand for energy storage solutions and data center infrastructure.
The company's third quarter business highlights include a record total executed contracts and awarded orders at September 30, 2026, totaling $2.6 billion. This represents a 42% year-over-year increase, reflecting the robust demand for integrated energy infrastructure solutions. Additionally, the company reported trailing twelve-month net new orders of over $1.8 billion, with a book-to-bill ratio of 1.6x, indicating strong customer demand and a favorable pipeline.
To further solidify its position in the market, ARRAY Technologies has launched its Atlas™ I and II integrated foundation-to-tracker solutions, which are designed to deliver a more complete and interoperable solution set. The company has also introduced a new 60-degree U.S. tracker variant, specifically tailored for high wind and hail regions, while balancing capital expenditure (capex) costs. This new product variant is expected to enhance the company's competitiveness and appeal to a broader customer base.
In addition to these product advancements, ARRAY Technologies has opened a state-of-the-art manufacturing facility in Albuquerque, significantly expanding its domestic manufacturing capabilities. This move is expected to support the company's growth trajectory and contribute to its goal of offering customers a more comprehensive and integrated solution set.
For the year ending December 31, 2026, the company now expects revenue to be in the range of $1.34 billion to $1.40 billion, reflecting a slight downward revision from its previous guidance. Adjusted gross margin is forecasted to be approximately 27%, up from the previously expected range. The company also anticipates Adjusted EBITDA to be in the range of $190 million to $210 million, and Adjusted net income per common share to be in the range of $0.57 to $0.69, down from the previously expected range of $0.68 to $0.75.
The company's third quarter earnings call will be conducted as a joint analyst call with Shoals Technologies Group, Inc., following the announcement of a merger and reorganization agreement. This strategic partnership is expected to create an integrated energy infrastructure platform, further strengthening ARRAY Technologies' position in the market.
In summary, ARRAY Technologies has achieved a record orderbook of $2.6 billion, driven by a strong pipeline of executed contracts and awarded orders. The company's strategic acquisitions, product launches, and manufacturing expansions position it well for continued growth in 2027 and beyond. With a robust orderbook and an expanded portfolio, the company is poised to deliver profitable growth and create long-term shareholder value.