ARRAY Technologies cuts 2026 guidance; Q3 revenue $330.2 million; Shoals merger agreed
ARRAY Technologies reported third-quarter 2026 revenue of $330.2 million, down from $393.5 million a year earlier, and a net loss to common stockholders of $7.9 million, compared with net income to common stockholders of $18.4 million a year earlier. The company also lowered its full-year 2026 revenue, Adjusted EBITDA and Adjusted EPS ranges and announced a stock-for-stock merger agreement with Shoals Technologies Group, Inc.
Key points
- Q3 2026 revenue was $330.2 million versus $393.5 million a year earlier; gross margin was 21.0% versus 26.9%.
- Net loss to common stockholders was $7.9 million, or $0.05 per share, versus income of $18.4 million, or $0.12 per share, a year earlier.
- 2026 revenue guidance was cut to $1.34 billion to $1.40 billion from $1.4 billion to $1.5 billion; Adjusted EBITDA guidance was cut to $190 million to $210 million from $210 million to $230 million.
- Record orderbook of $2.6 billion at September 30, 2026, up 42% year over year; merger agreement with Shoals announced in a separate press release.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
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