Array Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting third-quarter revenue of $330.2 million and net income of $8.2 million.

Key Highlights

  • Revenue declined: Third-quarter 2026 revenue was $330,212 thousand, compared with $393,491 thousand in the same quarter of 2025, according to the filing.
  • Net income reported: The company reported net income of $8,197 thousand for the three months ended September 30, 2026, down from $33,503 thousand a year earlier.
  • Loss to common stockholders: After preferred dividends and accretion of $16,113 thousand, net loss to common stockholders was $(7,916) thousand, or $(0.05) per basic and diluted share.
  • Nine-month net income: For the nine months ended September 30, 2026, the company reported net income of $34,540 thousand on revenue of $895,689 thousand.
  • Total assets: Total assets stood at $1,584,951 thousand as of September 30, 2026, up from $1,451,792 thousand at December 31, 2025.
  • Cash position: Cash and cash equivalents were $143,280 thousand as of September 30, 2026, compared with $244,388 thousand at December 31, 2025.
  • Shares outstanding: As of November 5, 2026, there were 154,269,366 shares of common stock issued and outstanding.

Array Technologies Reports Lower Q3 2026 Revenue and Earnings

Array Technologies, Inc. (NASDAQ:ARRY), a Delaware-incorporated company headquartered in Albuquerque, New Mexico, filed its quarterly report covering the period ended September 30, 2026. According to the filing, revenue for the third quarter of 2026 was $330,212 thousand, a decrease from $393,491 thousand in the third quarter of 2025. Gross profit for the quarter was $69,219 thousand, compared with $105,671 thousand in the prior-year period. Income from operations was $13,940 thousand for the quarter, versus $45,451 thousand a year earlier.

The filing disclosed that preferred dividends and accretion totaled $16,113 thousand for the three months ended September 30, 2026, resulting in a net loss to common stockholders of $(7,916) thousand, or $(0.05) per basic and diluted share. For the nine-month period, net loss to common stockholders was $(13,018) thousand, or $(0.08) per share, compared with net income to common stockholders of $49,136 thousand, or $0.32 per share, in the first nine months of 2025. The company's Series A Redeemable Perpetual Preferred Stock carried a liquidation preference of $510.0 million as of September 30, 2026, with 400,000 shares issued at that date.

On the balance sheet, total liabilities increased to $1,283,330 thousand from $1,191,404 thousand at December 31, 2025. Goodwill rose to $231,765 thousand from $135,173 thousand over the same period. Long-term debt, net of current portion, was $658,550 thousand. Total stockholders' equity remained negative at $(208,357) thousand as of September 30, 2026, compared with $(206,340) thousand at year-end 2025. The accumulated deficit narrowed to $(388,319) thousand from $(422,859) thousand at December 31, 2025.

What Was Disclosed

Array Technologies filed its unaudited Form 10-Q for the quarter ended September 30, 2026, disclosing revenue of $330,212 thousand, net income of $8,197 thousand, a net loss to common stockholders of $(7,916) thousand, and total assets of $1,584,951 thousand, along with updated balance sheet and equity figures.