Array Technologies, Inc. (ARRY) Form 8-K — Aug 5, 2026

$ARRYForm 8-KItems 2.02, 9.01Filed Aug 5, 2026, 4:08 PM ET0001628280-26-053342Original filing

Array Technologies reported second quarter 2026 revenue of $342.1 million, down 6% year over year but up 53% sequentially, with net income to common stockholders of $8.4 million ($0.05 per basic and diluted share) and Adjusted EBITDA of $63.3 million. Gross margin improved to 29.1% and free cash flow reached $113.6 million in the quarter. The company delivered a record $2.5 billion orderbook, up 37% year over year, with over $500 million of new orders in the quarter and a trailing twelve-month book-to-bill of 1.5x, while surpassing 100 gigawatts of cumulative tracker product shipments worldwide.

Key figures

Eps: $0.05 basic and diluted (Q2 2026)
Revenue: $342.1 million (Q2 2026)
Guidance: FY2026 revenue $1.4B-$1.5B (unchanged); Adjusted EBITDA $210M-$230M (raised from $200M-$230M); Adjusted EPS $0.68-$0.75 (raised from $0.65-$0.75); FY Adjusted gross margin 27%-28% (prior 26%-27%); Q3 2026 revenue $310M-$330M
Net Income: $8.4 million net income to common stockholders (Q2 2026)
Total Debt: $670.0 million (June 30, 2026)
Revenue Yoy: -6% YoY (vs. $362.2 million in Q2 2025)
Total Assets: $1,534.0 million (June 30, 2026)
Cash Position: $307.3 million (June 30, 2026)
Shares Outstanding: 153972487
Net debt: $362.7 million (2.1x TTM Adjusted EBITDA of $176 million)
Orderbook: $2.5 billion record orderbook, +37% YoY (third consecutive record)
Awm earnout: up to $40 million based on 2026-2028 EBITDA targets
New orders q2: >$500 million
Awm ttm revenue: ~$60 million
Gross margin q2: 29.1%
Book to bill ttm: 1.5x
Corporate ratings: B1 (stable) / B+ (stable)
Free cash flow q2: $113.6 million
Adjusted ebitda q2: $63.3 million (18.5% margin)
Available liquidity: $640.2 million (RCF $370.0M less $37.1M LC hold)
Adjusted eps diluted q2: $0.24
Awm base purchase price: $153 million cash (~6.0x AWM TTM EBITDA)
Awm total consideration: up to $203 million
Adjusted gross margin q2: 30.8%
Awm deferred installments: $10 million
Total stockholders equity: -$202.1 million
Net operating cash flow q2: $121.3 million
Trackers delivered cumulative: >100 GW (102 GW per investor presentation)
Preferred dividends accretion q2: $15.9 million
Preferred liquidation preference: $506.4 million

Price after filing

1 day: 0.0%7 days: -13.6%30 days: -24.5%

Close on the filing date to close N calendar days later (from $6.01). Historical, not a forecast.

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