Array Technologies surpassed the 100 GW of accumulated shipments solar trackers globally, while its order backlog reached a record $2.5 billion during the second quarter of 2026.
The US manufacturer closed the period with revenues of $342.1 million, a sequential increase of 53%, the company also recorded $500 million in new orders and raised its profitability forecast for the full year.
Array Technologies increases its revenue in the second quarter
During the quarter ended June 30, Array Technologies earned net income attributable to common shareholders of $8.4 million, equivalent to $0.05 per diluted share.
Meanwhile, adjusted earnings per share reached $0.24, gross margin stood at 29.1%, while adjusted gross margin reached 30.8%.
Likewise, adjusted EBITDA reached $63.3 million, with a margin of 18.5%., this performance was supported by the composition of domestic shipments, operating cost discipline, and the benefits associated with Section 45X advanced manufacturing tax credits in the United States.
Commercial development also accompanied the results, with Array Technologies adding approximately $500 million in new orders during the quarter and achieving a book-to-bill ratio of 1.5 times over the past twelve months.
The order backlog reaches $2.5 billion
The total volume of executed contracts and awarded orders reached $2.5 billion at the end of June, a year-over-year increase of 37%. This figure marks the third consecutive quarter in which Array Technologies has recorded record-high order book size.
In parallel, the company surpassed 100 GW of solar trackers sent since its founding, this accumulated capacity reflects the international expansion of its tracking systems for photovoltaic solar projects on a large scale.
Solar trackers allow the orientation of the modules to be adjusted throughout the day to follow the sun’s movement. Therefore, these systems are part of the infrastructure used to optimize radiation capture in large photovoltaic plants.
New solar trackers expand the portfolio
In addition to financial growth, Array Technologies is expanding its technology offerings, during the second quarter, it formally launched DuraTrack D2S for international markets and introduced a new generation of OmniTrack.
This latest system can manage slope changes of up to two degrees between adjacent poles, a feature designed to facilitate the installation of solar trackers on terrain with topographic variations.
Subsequently, the company presented a 60-degree tilt capability and the Array Atlas suite, which integrates solutions from foundations to the tracking system.
Diversification is starting to gain importance within the business, the products introduced since 2023 represent approximately half of Array Technologies’ active order book.
The company is also pursuing the acquisition of Affordable Wire Management, a provider specializing in cable management systems and security equipment. This acquisition would expand Array’s presence in solutions for utility-scale solar plants, battery energy storage, and energy projects associated with data centers.
Array Technologies improves its forecasts for 2026
Following the first half results, Array Technologies raised its strengthened adjusted gross margin forecast for 2026 to a range of between 27% and 28%.
The company also raised its annual adjusted EBITDA estimate, now expecting between $210 million and $230 million, up from the previous range of $200 million to $230 million. Meanwhile, the adjusted earnings per share forecast was revised to between $0.68 and $0.75.
Array Technologies maintained its full-year 2026 revenue estimate unchanged at between $1.4 billion and $1.5 billion. Looking ahead to the third quarter, the manufacturer anticipates revenues of between $310 million and $330 million. The company attributes this growth to site preparation schedules and customer permits ahead of increased activity expected in the fourth quarter.
Source: PV-Magazine
Photo: Array Technologies
