Stock Track | Array Technologies Soars 8% After-Hours on Earnings Beat, Record $2.4B Orderbook and Reaffirmed Guidance

Stock Track05-07

Array Technologies Inc. (ARRY) shares surged 8.00% in after-hours trading on Wednesday, following the release of its first-quarter 2026 financial results that significantly exceeded analyst expectations.

The solar tracking technology company reported adjusted earnings per share of $0.06, beating the consensus estimate of a $0.05 loss. Revenue for the quarter came in at $223.412 million, surpassing the $201.852 million forecast. The company also announced a record total executed contracts and awarded orders of $2.4 billion, achieving a 2x book-to-bill ratio for the quarter.

Management highlighted strong international diversification with contracted projects in Turkey, Peru, and Colombia, and introduced the new DuraTrack D2S dual-row tracker for international markets. Array Technologies reaffirmed its full-year 2026 guidance, expecting revenue between $1.4 billion and $1.5 billion and adjusted EBITDA in the range of $200 million to $230 million.

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