Array Technologies rises as Q1 earnings beat offsets weak Q2 revenue outlook

Array Technologies Inc. (NASDAQ: ARRY) reported first-quarter 2026 revenue above Wall Street expectations, but sales fell 26.1% from a year earlier to $223.4 million, highlighting continued pressure in solar project demand. The company’s shares rose to $8.96 from $8.15 before the earnings release. The solar tracking systems maker posted non-GAAP earnings of $0.06 per share, well ahead of analyst estimates. Management said profitability improved through execution and higher project volumes rather than pricing. CEO Kevin Hostetler cited deployment of new products and a growing order book as key supports. Array guided for second-quarter 2026 revenue of $310 million, 20.1% below consensus estimates. The company said full-year performance will depend on converting backlog into revenue, expanding internationally and scaling products including its DuraTrack D2S tracker. CFO Keith Jennings said Array still expects full-year adjusted gross margin within its 26% to 27% target range, while flagging logistics costs, commodity inflation and project mix as margin risks.