Array Technologies posts Q3 loss, cuts 2026 outlook and announces Shoals merger
Array Technologies reported third‑quarter 2026 revenue of $330.2 million, a net loss of $7.9 million and adjusted diluted EPS of $0.06. The company lowered its full‑year 2026 revenue guidance to $1.34 billion‑$1.40 billion and adjusted EBITDA guidance to $190 million‑$210 million. It also completed its Affordable Wire Management acquisition and announced a stock‑for‑stock merger with Shoals Technologies Group.
Why it matters
The reduced revenue and EBITDA outlook signals weaker growth expectations for the year, which may pressure the share price. The merger creates an integrated energy‑infrastructure platform that could affect the company’s competitive position.
Key facts
- 1Q3 2026 revenue was $330.2 million, down from $393.5 million in Q3 2025. tradingview.com
- 2Net loss to common stockholders was $7.9 million, or $0.05 per share. tradingview.com
- 3Adjusted diluted EPS was $0.06. tradingview.com
- 42026 revenue guidance was revised to $1.34 billion‑$1.40 billion. tradingview.com
- 5Adjusted EBITDA guidance was revised to $190 million‑$210 million. tradingview.com
- 6The company completed the Affordable Wire Management acquisition and announced a stock‑for‑stock merger with Shoals Technologies Group. tradingview.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.