Array Technologies cuts revenue outlook to $1.34B–$1.40B

ARRY lowered its 2026 revenue, adjusted EBITDA and adjusted per-share income ranges, citing shifts in project-delivery timing.

Available on EDGAR 11/04/2026 - 07:17 AM EST Accepted by SEC EDGAR 11/04/2026 - 07:17 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Array Technologies, Inc. (ARRY) reported third-quarter 2026 revenue of $330.2 million, versus $393.5 million a year earlier. Gross margin was 21.0%, compared with 26.9%; adjusted EBITDA was $32.1 million versus $72.2 million. GAAP net income was $8.2 million, while net loss to common stockholders was $7.9 million after $16.1 million of preferred dividends and accretion.

For full-year 2026, Array revised revenue guidance to $1.34 billion–$1.40 billion, adjusted EBITDA to $190 million–$210 million, and adjusted net income per common share to $0.57–$0.69; it expects adjusted gross margin of approximately 27%. The company cited changes in project-delivery timing. Its orderbook was $2.6 billion, up 42% year over year, with a 1.6x trailing twelve-month book-to-bill. Nine-month operating cash flow was $96.5 million versus $58.1 million. Array completed its Affordable Wire Management acquisition and announced an agreement to combine with Shoals Technologies Group, Inc. in a stock-for-stock merger.

2 points · 0 major

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1 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointOrderbook reached $2.6 billion, up 42% year over year.
• Moderate pointNine-month operating cash flow was $96.5 million, versus $58.1 million in 2025.

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.2026 revenue guidance was revised to $1.34–$1.40 billion from $1.4–$1.5 billion.
• Moderate pointQ3 revenue was $330.2 million, versus $393.5 million in 2025.
• Moderate pointAdjusted EBITDA was $32.1 million, versus $72.2 million in 2025.
• Minor pointCommon-stockholder results were a $7.9 million loss, versus $18.4 million income.

Filing Explained

At quarter-end, reported cash was below total debt, while quarterly operating cash flow was positive.

This Form 8-K furnishes ARRAY’s third-quarter results; the available-liquidity figure includes a revolver, so the total is not cash alone.

At September 30, 2026, the filing reports cash and total debt; the presentation also lists letters-of-credit holds against the revolver.

For the quarter, operating cash flow and free cash flow were reported; acquisition spending, net of cash acquired, was also reported.

The presentation identifies a reserve for a 2023 45X receivable as a 330-basis-point pressure on adjusted gross margin, alongside domestic input costs and international mix.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revenue: $330.2 million Net loss to common stockholders: $7.9 million loss Gross margin: 21.0% +5 more

8 metrics

Revenue $330.2 million Third quarter 2026; $393.5 million in third quarter 2025

Net loss to common stockholders $7.9 million loss Third quarter 2026; $18.4 million income in third quarter 2025

Gross margin 21.0% Third quarter 2026; 26.9% in third quarter 2025

Adjusted EBITDA $32.1 million Third quarter 2026; $72.2 million in third quarter 2025

Orderbook $2.6 billion As of third quarter 2026; up 42% year over year

Updated full-year revenue guidance $1.34 billion–$1.40 billion Year ending December 31, 2026

Net cash provided by operating activities $96.5 million Nine months ended September 30, 2026; $58.1 million in 2025

Fourth-quarter revenue guidance $445 million–$505 million Quarter ending December 31, 2026

Key Terms

Adjusted EBITDA, Adjusted gross margin, book-to-bill, 45X advanced manufacturing production tax credits

4 terms

Adjusted EBITDA financial

"We define Adjusted EBITDA as net income (loss) to common stockholders plus"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Adjusted gross margin financial

"Adjusted gross margin as Adjusted gross profit as a percentage of revenue"

Adjusted gross margin is a measure of how much profit a company makes from its sales after accounting for certain expenses or one-time costs, but before deducting other operating expenses. It helps investors see the company's core profitability more clearly by removing factors that might distort the usual profit picture, similar to a runner measuring their speed without considering obstacles or weather. This metric provides a clearer view of the company's ongoing financial health.

book-to-bill financial

"a trailing twelve-month book-to-bill of 1.6x"

The book-to-bill ratio compares new orders a company has received (bookings) to the products or services it has invoiced or shipped (billings) over the same period. It matters to investors because a ratio above 1 means demand is outpacing fulfillment and the company may grow revenue or build backlog, while a ratio below 1 suggests slowing demand and possible future revenue weakness — think of it as new customer orders versus what the company actually sold.

45X advanced manufacturing production tax credits regulatory

"our ability to realize the anticipated benefits of 45X advanced manufacturing production tax credits"

Earnings Snapshot

Revenue: $330.2 million · Guidance included

Third quarter 2026

Revenue $330.2 million versus $393.5 million in third quarter 2025

Gross margin 21.0% versus 26.9% in third quarter 2025

Net loss to common stockholders $7.9 million loss versus $18.4 million income in third quarter 2025

Adjusted EBITDA $32.1 million versus $72.2 million in third quarter 2025

Adjusted net income per diluted common share $0.06 versus $0.30 in third quarter 2025

Guidance

Full-year 2026 revenue: $1.34 billion–$1.40 billion; adjusted EBITDA: $190 million–$210 million; adjusted net income per common share: $0.57–$0.69; adjusted gross margin: approximately 27%. Fourth-quarter 2026 revenue: $445 million–$505 million.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much revenue did ARRY report in Q3 2026?

ARRY reported third-quarter 2026 revenue of $330.2 million. Revenue was $393.5 million in the third quarter of 2025; gross margin was 21.0% versus 26.9%, and adjusted EBITDA was $32.1 million versus $72.2 million.

What are ARRY's updated 2026 guidance ranges?

ARRY's updated full-year 2026 ranges are $1.34 billion to $1.40 billion in revenue, $190 million to $210 million in adjusted EBITDA, and $0.57 to $0.69 in adjusted net income per common share. The company expects adjusted gross margin of approximately 27% and cited shifts in project-delivery timing.

What revenue does ARRY expect in Q4 2026?

ARRY expects fourth-quarter 2026 revenue of $445 million to $505 million for the quarter ending December 31, 2026.

How much liquidity did ARRY report?

ARRY reported available liquidity of $465.9 million as of September 30, 2026. The presentation lists cash and cash equivalents of $143.3 million, a $370.0 million revolving credit facility, and a $47.4 million letter-of-credit hold.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 4, 2026

ARRAY TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-39613		83-2747826
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

701 Atrisco Vista Blvd NW

Albuquerque, New Mexico 87120

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (505) 881-7567

3901 Midway Place NE

Albuquerque, New Mexico 87109

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 Par Value		ARRY		Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On November 4, 2026, Array Technologies, Inc. (the “Company”), announced its financial results as of and for the quarter ended September 30, 2026 by issuing a press release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. A copy of the investor presentation will be posted to the Company’s website at www.arraytechinc.com and is attached as Exhibit 99.2 hereto.

The information included in Item 2.02 of this Current Report on Form 8-K and the exhibits attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed as part of this report:

Exhibit#		Description
99.1		Press Release of Array Technologies, Inc., dated November 4, 2026.
99.2		Investor Presentation of Array Technologies, Inc., dated November 4, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Array Technologies, Inc.
Date: November 4, 2026				By:		/s/ H. Keith Jennings
				Name:		H. Keith Jennings
				Title:		Chief Financial Officer

Exhibit 99.1

November 4, 2026

ARRAY Technologies Reports Financial Results for the Third Quarter 2026

Delivers Record $2.6 Billion Orderbook While Expanding into Adjacent Products and Markets

Announced Agreement to Combine in a Stock-for-Stock Merger with Shoals Technologies Group, Inc., Creating an Integrated Energy Infrastructure Platform

2026 Third Quarter Business Highlights

• Record total executed contracts and awarded orders at September 30, 2026 of $2.6 billion, a 42% increase year-over-year

• Over $1.8 billion of trailing twelve-month net new orders at a book-to-bill of 1.6x

• Completed the acquisition of Affordable Wire Management (AWM) expanding the product portfolio into wire management and reaching the Battery Energy Storage System (BESS) and Datacenter markets

• Formally launched Atlas^™ I and II, integrated foundation-to-tracker solutions, delivering on the APA integration strategy

• Announced new 60-degree U.S. tracker variant, designed for high wind and hail regions while balancing capex spend

• Opened state-of-the-art manufacturing facility in Albuquerque, significantly expanding the Company’s domestic manufacturing capabilities

2026 Third Quarter Financial Highlights

(in millions, except per share)		3Q 2026
Revenue		$	330.2
Gross margin			21.0	%
Adjusted gross margin(1)			22.8	%
Net loss to common stockholders		($	7.9	)
Adjusted EBITDA(1)		$	32.1
Net loss per basic and diluted common share		($	0.05	)
Adjusted net income per diluted common share(1)		$	0.06

ALBUQUERQUE, NM — (GLOBE NEWSWIRE) — ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of integrated energy infrastructure products, software, and service solutions, today announced financial results for its third quarter ended September 30, 2026.

“The third quarter marked another significant milestone in ARRAY’s evolution from a tracker company to a provider of integrated energy infrastructure solutions. With the completion of our Affordable Wire Management acquisition, we advanced our balance-of-system strategy and gained access to the fast-growing battery energy storage and data center markets. Combined with the formal launch of ARRAY Atlas^™ I and II and our new 60-degree U.S. tracker variant, we are delivering on our strategy to offer customers a more complete, interoperable solution set. This is translating into strong commercial momentum, with a record orderbook of $2.6 billion, up 42% year-over-year, and a trailing twelve-month book-to-bill of 1.6x,” said Chief Executive Officer, Kevin G. Hostetler.

Mr. Hostetler continued, “While our updated full-year guidance reflects shifts in the timing of certain project deliveries, underlying customer demand remains strong and our continued operational execution and cost discipline are driving improved gross margin expectations. With a record orderbook and an expanded portfolio, we are entering 2027 with strong momentum and we believe we are well positioned to deliver profitable growth and create long-term shareholder value.”

Updating Full Year 2026 Guidance

We now expect full-year Adjusted Gross Margin⁽²⁾ to be approximately 27%. As a result, for the year ending December 31, 2026, the Company now expects:

• Revenue to be in the range of $1.34 billion to $1.40 billion, previously $1.4 billion to $1.5 billion

• Adjusted EBITDA⁽²⁾ to be in the range of $190 million to $210 million, previously $210 million to $230 million

• Adjusted net income per common share⁽²⁾ to be in the range of $0.57 to $0.69, previously $0.68 to $0.75

For the quarter ending December 31, 2026, the Company expects revenue to be in the range of $445 million to $505 million.

⁽¹⁾ A reconciliation of the most comparable GAAP measure to its Non-GAAP measure is included below.

⁽²⁾ A reconciliation of projected Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, and Adjusted net income per common share and free cash flow, which are forward-looking measures that are not prepared in accordance with GAAP, to the most directly comparable GAAP financial measures, is not provided because we are unable to provide such reconciliation without unreasonable effort. The inability to provide a quantitative reconciliation is due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the components of the applicable GAAP measures and non-GAAP adjustments may be recognized. The GAAP measures may include the impact of such items as non-cash share-based compensation, revaluation of the fair-value of our contingent consideration, acquisition-related expenses, and the tax effect of such items, in addition to other items we have historically excluded from Adjusted gross margin, Adjusted EBITDA and Adjusted net income per common share. We expect to continue to exclude these items in future disclosures of these non-GAAP measures and may also exclude other similar items that may arise in the future (collectively, “non-GAAP adjustments”). The decisions and events that typically lead to the recognition of non-GAAP adjustments are inherently unpredictable as to if or when they may occur. As such, for our 2026 guidance and our 2027-2029 outlook, we have not included estimates for these items and are unable to address the probable significance of the unavailable information, which could be material to future results.

Webcast and Conference Call Information

In a separate press release issued today, the Company announced it had entered into an Agreement and Plan of Merger and Reorganization with Shoals Technologies Group, Inc. Additional information is available in the transaction press release. In light of the transaction announcement, the Company’s previously scheduled third quarter 2026 earnings call will instead be conducted as a joint analyst call with Shoals Technologies Group, Inc. on November 4, 2026 at 8:00 a.m. EDT.

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About ARRAY Technologies, Inc.

ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of integrated energy infrastructure for utility-scale and distributed generation providers. Engineered for interoperability, ARRAY’s innovative hardware, software, and services span solar trackers, fixed-tilt systems, foundations, wire management, and other balance-of-system solutions. ARRAY’s products work together to maximize energy production, withstand harsh weather conditions, and deliver value for the entire lifecycle of a project. For more news and information on ARRAY, please visit www.arraytechinc.com.

Investor Relations Contact:

Investor Relations

505-437-0010

investors@arraytechinc.com

Media Contact:

Steven Kirsch

505-738-6923

steven.kirsch@arraytechinc.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements include information concerning our possible or assumed future results of operations, liquidity and capital resources, business strategies, including with respect to completed or potential strategic transactions, technology or product developments, financing and investment plans, dividend policy, including with respect to our Series A Redeemable Perpetual Preferred Stock (the “Series A Shares”), competitive position, industry and regulatory environment, including potential regulatory reform related to energy credits and the reduction or elimination of certain government incentives, uncertainty relating to the implementation and impacts of tariffs and changes in trade policy, ability to provide 100% domestic content trackers, expectations regarding the macroeconomic environment and geopolitical developments, the expected benefits of, and our ability to integrate, APA Solar, LLC (“APA”) and Affordable Wire Management, LLC (“AWM”), the amount, timing and form of payment of earnout and deferred consideration payable in connection with our acquisitions of APA and AWM, the expected impact of tax legislation on our cash taxes, the expected sufficiency of our liquidity, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” “positioned,” “designed to” or similar expressions and the negatives of those terms.

Our actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks, uncertainties and other factors, including without limitation: changes in growth or the rate of growth in demand for solar energy projects; factors outside of our control affecting the variability and demand for solar energy, including but not limited to, the retail price of electricity, availability of in-demand components like high-voltage

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breakers, various policies related to the permitting and interconnection costs of solar plants, and the availability of incentives for solar energy and solar energy production systems, which makes it difficult to predict our future prospects; competitive pressures within our industry; competition from conventional and renewable energy sources; a loss of one or more of our significant customers, their inability to perform under their contracts, or their default in payment; a drop in the price of electricity derived from the utility grid or from alternative energy sources; fluctuations in our results of operations across fiscal periods, which could make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations; any increase in interest rates, or a reduction in the availability of tax equity or project debt capital in the global financial markets, which could make it difficult for customers to finance the cost of a solar energy system and reduce the demand for our products; existing electric utility industry policies and regulations, and any subsequent changes or new related policies and regulations, including as a result of the One Big Beautiful Bill Act (“OBBB”), which may present technical, regulatory and economic barriers to the purchase and use of solar energy systems and may significantly reduce demand for our products or harm our ability to compete; termination of the Federal Investment Tax Credit for solar facilities placed in service after December 31, 2027 (other than facilities that began construction before July 4, 2026), the foreign entity of concern and material assistance limitations under the OBBB, and related guidance issued by Treasury and the IRS, including with respect to the beginning of construction; our ability to realize the anticipated benefits of 45X advanced manufacturing production tax credits, including the amount, timing and collectability of vendor rebates; the interruption of the flow of materials from international vendors, which could disrupt our supply chain, including as a result of the imposition of new and/or additional duties, tariffs and other charges or restrictions on imports and exports; changes in the global trade environment, including the continuation or imposition of import tariffs or other import restrictions, including under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974, and the timing and amount of any refunds of tariffs previously paid under the International Emergency Economic Powers Act; the outcome of pending and future antidumping and countervailing duty and anti-circumvention proceedings, the Section 232 investigation of polysilicon and its derivatives, and the U.S. International Trade Commission Section 337 investigation relating to tunnel oxide passivated contact solar cells and modules, and their effect on the cost and availability of modules for our customers’ projects; geopolitical, macroeconomic and other market conditions unrelated to our operating performance including but not limited to a pandemic, the Russia-Ukraine war, attacks on shipping in the Red Sea and Strait of Hormuz, conflict in the Middle East (including, but not limited to, the war in Iran), changing trade policies, inflation and interest rates; fluctuations in foreign currency exchange rates, including the Brazilian Real, and the phase-out of tax incentives in Brazil; our ability to convert our orders in backlog into revenue; the reduction, elimination or expiration, or our failure to optimize the benefits of government incentives for, of regulations mandating the use of, renewable energy and solar energy, particularly in relation to our competitors, which could reduce demand for solar energy systems; failure to, or incurrence of significant costs in order to, obtain, maintain, protect, defend or enforce, our intellectual property and other proprietary rights; delays in construction projects and any failure to manage our inventory; significant changes in the cost of raw materials, including steel and aluminum; disruptions to transportation and logistics, including increases in shipping costs; defects or performance problems in our products, which could result in loss of customers, reputational damage and decreased revenue; delays, disruptions or quality control problems in our product development operations; the development, deployment and commercialization of new products, including DuraTrack D2S^TM, OmniTrack 2.0, the 60 degree variant of DuraTrack, and our ARRAY Atlas^TM suite of foundation-to-tracker solutions; our ability to retain our key personnel or failure to attract additional qualified personnel; additional business, financial, regulatory and competitive risks due to our continued planned expansion into new markets; cybersecurity or other data incidents, including unauthorized disclosure of personal or sensitive data or theft of confidential information and the use of artificial intelligence by cyber threat actors; a failure to maintain an effective system of integrated internal controls over financial reporting including following the

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completion of our strategic transactions, which may impair our ability to report our financial results accurately; our substantial indebtedness, including our ability to repay, refinance or settle our convertible notes at or prior to maturity; our ability to pay cash dividends on the Series A Shares, the increases in the dividend rate applicable to the Series A Shares, and the potential issuance of shares of our common stock in respect of any accrued dividends; the amount, timing and form of payment of earnout and deferred consideration payable in connection with our acquisitions of APA and AWM, including any dilution resulting from the issuance of shares of our common stock in satisfaction thereof; risks related to actual or threatened public health epidemics, pandemics, outbreaks or crises; changes to laws and regulations, including changes to tax laws and regulations, that are applied adversely to us or our customers; our ability to successfully integrate APA and AWM into our existing operations, realize the anticipated benefits or synergies of our strategic transactions and achieve strategic and other objectives relating to our strategic transactions; risks related to any unforeseen liabilities of APA or AWM; and other factors listed and described in more detail in the section captioned “Risk Factors” in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and our other documents on file with the U.S. Securities and Exchange Commission, each of which can be found on our website, www.arraytechinc.com.

Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Non-GAAP Financial Information

This press release includes certain financial measures that are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”), including Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted general and administrative expense, and Free cash flow.

We define Adjusted gross profit as gross profit plus (i) amortization of developed technology and backlog and (ii) acquisition-related expenses. We define Adjusted gross margin as Adjusted gross profit as a percentage of revenue. We define Adjusted EBITDA as net income (loss) to common stockholders plus (i) other income, net, (ii) gain on extinguishment of debts, net, (iii) foreign currency (gain) loss, net, (iv) preferred dividends and accretion, (v) interest expense, (vi) income tax expense, (vii) depreciation expense, (viii) amortization of intangibles, (ix) amortization of developed technology and backlog, (x) equity-based compensation, (xi) change in fair value of contingent consideration, (xii) certain legal expenses, and (xiii) acquisition-related expenses. We define Adjusted net income as net income (loss) to common stockholders plus (i) amortization of intangibles, (ii) amortization of developed technology and backlog, (iii) amortization of debt discount and issuance costs, (iv) gain on extinguishment of debts, net (v) Series A preferred stock accretion, (vi) equity-based compensation, (vii) change in fair value of contingent consideration, (viii) certain legal expenses, (ix) acquisition-related expenses, and (x) income tax expense adjustments. We define Adjusted general and administrative expense as general and administrative expense less (i) equity-based compensation, (ii) certain legal expenses, and (iii) acquisition-related expenses. We define Free cash flow as Net cash provided by operating activities less purchase of property, plant and equipment.

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A detailed reconciliation between GAAP results and results excluding special items (“non-GAAP”) is included within this press release. We calculate net income (loss) per common share as net income (loss) to common stockholders divided by the basic and diluted weighted average number of shares outstanding for the applicable period and we define Adjusted net income per common share as Adjusted net income (as detailed above) divided by the basic and diluted weighted average number of shares outstanding for the applicable period.

We believe that these non-GAAP financial measures are provided to enhance the reader’s understanding of our past financial performance and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing the Company’s performance, as well as in planning and forecasting future periods. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP and may be different from similarly titled non-GAAP measures used by other companies.

Among other limitations, Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted general and administrative expense and Free cash flow do not reflect all of our cash expenditures, or future requirements, for capital expenditures or contractual commitments; do not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations; in the case of Adjusted EBITDA, do not reflect income tax expense or benefit; and other companies in our industry may calculate Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted general and administrative expense and Free cash flow differently than we do, which limits their usefulness as comparative measures. Because of these limitations, Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted general and administrative expense and Free cash flow should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP. We compensate for these limitations by relying primarily on our GAAP results and using Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted net income, Adjusted net income per common share, Adjusted general and administrative expense and Free cash flow on a supplemental basis.

You should review the reconciliation of gross profit to Adjusted gross profit and Adjusted gross margin, net income (loss) to Adjusted EBITDA, Adjusted net income and Adjusted net income per common share, General and administrative expense to Adjusted general and administrative expense and Net cash provided by operating activities to Free cash flow below and not rely on any single financial measure to evaluate our business.

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Array Technologies, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(in thousands, except per share and share amounts)

		September 30, 2026				December 31, 2025
ASSETS
Current assets
Cash and cash equivalents		$	143,280			$	244,388
Restricted cash			—				1,596
Accounts receivable, net of allowance of $7,163 and $6,245, respectively			329,456				271,578
Inventories, net			167,494				150,374
Assets held for sale			3,662				—
Prepaid expenses and other			91,769				201,108
Total current assets			735,661				869,044
Property, plant and equipment, net			67,442				58,225
Lease assets			94,294				97,088
Goodwill			231,765				135,173
Other intangible assets, net			274,638				238,579
Deferred income tax assets			24,980				23,965
Other assets			156,171				29,718
Total assets		$	1,584,951			$	1,451,792
LIABILITIES, REDEEMABLE PERPETUAL PREFERRED STOCK AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable		$	199,966			$	143,994
Accrued expenses			101,533				54,289
Income tax payable			—				4,687
Current portion of deferred revenue			108,484				128,433
Current portion of contingent consideration			13,166				14,551
Current portion of warranty liability			10,301				10,844
Current portion of lease liabilities			8,470				7,662
Current portion of debt			3,244				10,315
Other current liabilities			8,826				2,237
Total current liabilities			453,990				377,012
Deferred income tax liabilities			19,479				22,133
Deferred revenue, net of current portion			36,031				16,794
Contingent consideration, net of current portion			18,405				12,739
Warranty liability, net of current portion			6,308				5,466
Lease liabilities, net of current portion			89,117				89,552
Long-term debt, net of current portion			658,550				658,664
Other long-term liabilities			1,450				9,044
Total liabilities			1,283,330				1,191,404

7

Array Technologies, Inc.

Condensed Consolidated Balance Sheets (unaudited)

(in thousands, except per share and share amounts)

		September 30, 2026				December 31, 2025
Commitments and contingencies
Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 400,0001 and 490,829 shares issued as of September 30, 2026 and December 31, 2025, respectively; liquidation preference of $510.0 million and $493.1 million at each date, respectively			509,978				466,728
Stockholders’ equity
Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates			—				—
Common stock of $0.001 par value - 1,000,000,000 shares authorized; 154,269,366 and 152,779,614 shares issued at respective dates			155				152
Additional paid-in capital			189,253				226,848
Accumulated deficit			(388,319	)			(422,859	)
Accumulated other comprehensive loss			(9,446	)			(10,481	)
Total stockholders’ equity			(208,357	)			(206,340	)
Total liabilities, redeemable perpetual preferred stock and stockholders’ equity		$	1,584,951			$	1,451,792

⁽¹⁾  Adjusted to reflect the increase in liquidation preference rather than the number of shares.

8

Array Technologies, Inc.

Condensed Consolidated Statements of Operations (unaudited)

(in thousands, except per share amounts)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Revenue		$	330,212			$	393,491			$	895,689			$	1,058,097
Cost of revenue
Cost of product and service revenue			254,849				283,386				646,489				767,161
Amortization of developed technology and backlog			6,144				4,434				17,373				11,713
Total cost of revenue			260,993				287,820				663,862				778,874
Gross profit			69,219				105,671				231,827				279,223
Operating expenses
General and administrative			58,783				52,248				163,512				141,147
Change in fair value of contingent consideration			(10,293	)			1,014				(10,438	)			1,014
Depreciation and amortization			6,789				6,958				22,939				17,951
Total operating expenses			55,279				60,220				176,013				160,112
Income from operations			13,940				45,451				55,814				119,111
Interest income			2,152				2,977				6,941				10,096
Interest expense			(5,810	)			(5,046	)			(17,159	)			(21,849	)
Foreign currency gain (loss), net			39				(6	)			729				2,026
Gain on extinguishment of debts, net			—				—				—				14,207
Other (expense) income, net			(473	)			68				(629	)			12
Total other (expense) income, net			(4,092	)			(2,007	)			(10,118	)			4,492
Income before income tax expense			9,848				43,444				45,696				123,603
Income tax expense			1,651				9,941				11,156				30,092
Net income			8,197				33,503				34,540				93,511
Preferred dividends and accretion			16,113				15,144				47,558				44,375
Net (loss) income to common stockholders		$	(7,916	)		$	18,359			$	(13,018	)		$	49,136
(Loss) income per common share
Basic		$	(0.05	)		$	0.12			$	(0.08	)		$	0.32
Diluted		$	(0.05	)		$	0.12			$	(0.08	)		$	0.32
Weighted average number of common shares outstanding
Basic			154,014				152,727				153,616				152,465
Diluted			154,014				154,090				153,616				153,350

9

Array Technologies, Inc.

Consolidated Statements of Cash Flows (unaudited)

(in thousands)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Operating activities
Net income		$	8,197			$	33,503			$	34,540			$	93,511
Adjustments to reconcile net income to cash provided by operating activities:
Provision for bad debts			1,266				(909	)			1,269				1,001
Deferred tax (benefit) expense			805				6,994				(1,832	)			6,748
Depreciation and amortization			9,308				7,735				29,159				19,923
Amortization of developed technology and backlog			6,144				4,434				17,373				11,713
Amortization of debt discount and issuance costs			901				950				2,669				4,407
Gain on extinguishment of debts, net			—				—				—				(14,207	)
Equity-based compensation			2,491				4,647				11,011				11,343
Change in fair value of contingent consideration			(10,293	)			1,014				(10,438	)			1,014
Provision for certain non-trade receivables			10,922				—				10,922				—
Warranty provision			2,063				4,954				9,076				10,290
Inventory reserve			4,007				678				5,204				3,360
Other non-cash			40				(2,027	)			730				(2,017	)
Changes in operating assets and liabilities			(31,233	)			(34,610	)			(13,207	)			(88,941	)
Net cash provided by operating activities			4,618				27,363				96,476				58,145
Investing activities
Purchase of property, plant and equipment			(5,700	)			(5,513	)			(20,844	)			(14,496	)
Acquisition, net of cash acquired			(160,869	)			(164,916	)			(160,869	)			(164,916	)
Investment in securities			(1,000	)			—				(1,000	)			—
Net cash used in investing activities			(167,569	)			(170,429	)			(182,713	)			(179,412	)
Financing activities
Proceeds from issuance of other debt			19,931				51,595				58,185				108,659
Proceeds from issuance of convertible notes			—				—				—				345,000
Premium paid on capped call			—				—				—				(35,087	)
Fees paid on issuance of convertible notes			—				—				—				(10,434	)
Repayments of other debt			(16,548	)			(64,427	)			(67,551	)			(119,181	)

10

Array Technologies, Inc.

Consolidated Statements of Cash Flows (unaudited)

(in thousands)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Repayments of term loan facility			—				—				—				(233,875	)
Repayments of convertible notes			—				—				—				(78,363	)
Dividends paid on Series A Redeemable Perpetual Preferred Stock			(4,308	)			—				(4,308	)			—
Contingent consideration payments			—				—				(2,574	)			(1,204	)
Other financing			(234	)			90				(2,040	)			(1,033	)
Net cash used in financing activities			(1,159	)			(12,742	)			(18,288	)			(25,518	)
Effect of exchange rate changes on cash and cash equivalent balances			88				141				1,821				5,747
Net change in cash and cash equivalents and restricted cash			(164,022	)			(155,667	)			(102,704	)			(141,038	)
Cash and cash equivalents, and restricted cash beginning of period			307,302				378,770				245,984				364,141
Cash and cash equivalents and restricted cash, end of period		$	143,280			$	223,103			$	143,280			$	223,103

11

Array Technologies, Inc.

Adjusted Gross Profit, Adjusted EBITDA, Adjusted Net Income, Adjusted General and Administrative Expense and Free Cash Flow Reconciliation (unaudited)

(in thousands, except per share amounts)

The following table reconciles Gross profit to Adjusted gross profit:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Revenue		$	330,212			$	393,491			$	895,689			$	1,058,097
Cost of revenue			260,993				287,820				663,862				778,874
Gross profit			69,219				105,671				231,827				279,223
Gross margin			21.0	%			26.9	%			25.9	%			26.4	%
Amortization of developed technology and backlog			6,144				4,434				17,373				11,713
Acquisition-related expenses(a)			41				399				121				399
Adjusted gross profit		$	75,404			$	110,504			$	249,321			$	291,335
Adjusted gross margin			22.8	%			28.1	%			27.8	%			27.5	%

^(a)  Represents acquisition-related fair value adjustments to Property, plant, and equipment.

The following table reconciles Net income to Adjusted EBITDA:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Net income		$	8,197			$	33,503			$	34,540			$	93,511
Preferred dividends and accretion			16,113				15,144				47,558				44,375
Net (loss) income to common stockholders			(7,916	)			18,359				(13,018	)			49,136
Other income, net			(1,679	)			(3,045	)			(6,312	)			(10,108	)
Gain on extinguishment of debts, net			—				—				—				(14,207	)
Foreign currency (gain) loss, net			(39	)			6				(729	)			(2,026	)
Preferred dividends and accretion			16,113				15,144				47,558				44,375
Interest expense			5,810				5,046				17,159				21,849
Income tax expense			1,651				9,941				11,156				30,092
Depreciation expense			3,343				1,537				8,435				3,758
Amortization of intangibles			5,965				6,199				20,724				16,166
Amortization of developed technology and backlog			6,144				4,434				17,373				11,713
Equity-based compensation			2,491				4,647				11,011				11,343
Change in fair value of contingent consideration			(10,293	)			1,014				(10,438	)			1,014
Certain legal expenses(a)			—				—				—				1,232
Acquisition-related expenses(b)			10,471				8,912				21,229				11,999
Adjusted EBITDA		$	32,061			$	72,194			$	124,148			$	176,336

^(a)  Represents certain legal fees and other related costs associated with (i) actions filed against the company and certain officers and directors alleging violations of the Securities Act and the Exchange Act, which litigation was dismissed and such dismissal was later affirmed, and (ii) legal and success fees related to a regional tax dispute for a period prior to the acquisition of Soluciones Tecnicas Intergrales Norland S.L. and its subsidiaries (collectively, “STI”), and (iii) other litigation and legal matters. We consider these costs not representative of legal costs that we will incur from time to time in the ordinary course of our business.

^(b)  Represents acquisition-related expenses.

12

Array Technologies, Inc.

Adjusted Gross Profit, Adjusted EBITDA, Adjusted Net Income, Adjusted General and Administrative Expense and Free Cash Flow Reconciliation (unaudited)

(in thousands, except per share amounts)

The following table reconciles Net income to Adjusted net income:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Net income		$	8,197			$	33,503			$	34,540			$	93,511
Preferred dividends and accretion			16,113				15,144				47,558				44,375
Net (loss) income to common stockholders			(7,916	)			18,359				(13,018	)			49,136
Amortization of intangibles			5,965				6,199				20,724				16,166
Amortization of developed technology and backlog			6,144				4,434				17,373				11,713
Amortization of debt discount and issuance costs			901				879				2,669				4,336
Gain on extinguishment of debts, net			—				—				—				(14,207	)
Series A Preferred stock accretion			8,201				7,548				24,101				22,182
Equity-based compensation			2,491				4,647				11,011				11,343
Change in fair value of contingent consideration			(10,293	)			1,014				(10,438	)			1,014
Certain legal expenses(a)			—				—				—				1,232
Acquisition-related expenses(b)			10,535				8,944				21,421				12,031
Income tax expense of adjustments(c)			(6,581	)			(6,262	)			(18,516	)			(10,711	)
Adjusted net income		$	9,447			$	45,762			$	55,327			$	104,235
(Loss) income per common share
Basic		$	(0.05	)		$	0.12			$	(0.08	)		$	0.32
Diluted		$	(0.05	)		$	0.12			$	(0.08	)		$	0.32
Weighted average number of common shares outstanding
Basic			154,014				152,727				153,616				152,465
Diluted			154,014				154,090				153,616				153,350
Adjusted net income per common share
Basic		$	0.06			$	0.30			$	0.36			$	0.68
Diluted		$	0.06			$	0.30			$	0.35			$	0.68
Weighted average number of common shares outstanding
Basic			154,014				152,727				153,616				152,465
Diluted			155,108				154,090				155,980				153,350

^(a)  Represents certain legal fees and other related costs associated with (i) actions filed against the company and certain officers and directors alleging violations of the Securities Act and the Exchange Act, which litigation was dismissed and such dismissal was later affirmed, and (ii) legal and success fees related to a regional tax dispute for a period prior to the acquisition of STI, and (iii) other litigation and legal matters. We consider these costs not representative of legal costs that we will incur from time to time in the ordinary course of our business.

13

Array Technologies, Inc.

Adjusted Gross Profit, Adjusted EBITDA, Adjusted Net Income, Adjusted General and Administrative Expense and Free Cash Flow Reconciliation (unaudited)

(in thousands, except per share amounts)

^(b)  Represents acquisition-related expenses and fair value adjustments to Property, plant and equipment.

^(c)  Represents the estimated tax impact of all Adjusted Net Income add-backs, excluding those which represent permanent differences between book versus tax.

The following table reconciles General and administrative expense to Adjusted general and administrative expense:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
General and administrative expense		$	58,783			$	52,248			$	163,512			$	141,147
Equity-based compensation			(2,491	)			(4,647	)			(11,011	)			(11,343	)
Certain legal expenses(a)			—				—				—				(1,232	)
Acquisition-related expenses(b)			(10,471	)			(8,545	)			(21,229	)			(11,632	)
Adjusted general and administrative expense		$	45,821			$	39,056			$	131,272			$	116,940

^(a)  Represents certain legal fees and other related costs associated with (i) actions filed against the company and certain officers and directors alleging violations of the Securities Act of 1933 and the Securities Exchange Act of 1934, which litigation was dismissed and such dismissal was later affirmed, and (ii) legal and success fees related to a regional tax dispute for a period prior to the acquisition of STI, and (iii) other litigation and legal matters. We consider these costs not representative of legal costs that we will incur from time to time in the ordinary course of our business.

^(b)  Represents acquisition-related expenses.

The following table reconciles Net cash provided by operating activities to Free cash flow:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Net cash provided by operating activities		$	4,618			$	27,363			$	96,476			$	58,145
Purchase of property, plant and equipment			(5,700	)			(5,513	)			(20,844	)			(14,496	)
Free cash flow		$	(1,082	)		$	21,850			$	75,632			$	43,649

14

Exhibit 99.2 November 4, 2026 3Q 2026 EARNINGS PRESENTATION 0 3Q26 EARNINGS PRESENTATION

DISCLAIMER FORWARD LOOKING STATEMENTS NON-GAAP FINANCIAL INFORMATION This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management’s beliefs and assumptions and on information currently available to our This presentation includes certain financial measures that are not presented in accordance with U.S. generally accepted accounting management. Forward-looking statements include information concerning our possible or assumed future results of operations, liquidity and capital resources, principles (“GAAP”), including Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net business strategies, including with respect to completed or potential strategic transactions, technology or product developments, financing and investment plans, income, Adjusted net income per common share, Adjusted general and administrative expense, Net Debt, and Free cash flow. dividend policy, including with respect to our Series A Redeemable Perpetual Preferred Stock (the “Series A Shares”), competitive position, industry and regulatory environment, including potential regulatory reform related to energy credits and the reduction or elimination of certain government incentives, uncertainty relating to the implementation and impacts of tariffs and changes in trade policy, ability to provide 100% domestic content trackers, expectations regarding the We define Adjusted gross profit as gross profit plus (i) amortization of developed technology and backlog and (ii) acquisition-related macroeconomic environment and geopolitical developments, the expected benefits of, and our ability to integrate, APA Solar, LLC (“APA”) and Affordable Wire expenses. We define Adjusted gross margin as Adjusted gross profit as a percentage of revenue. We define Adjusted EBITDA as net income Management, LLC (“AWM”), the amount, timing and form of payment of earnout and deferred consideration payable in connection with our acquisitions of APA and (loss) to common stockholders plus (i) other income, net, (ii) gain on extinguishment of debts, net, (iii) foreign currency (gain) loss, net, (iv) AWM, the expected impact of tax legislation on our cash taxes, the expected sufficiency of our liquidity, potential growth opportunities and the effects of preferred dividends and accretion, (v) interest expense, (vi) income tax expense, (vii) depreciation expense, (viii) amortization of intangibles, competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” (ix) amortization of developed technology and backlog, (x) equity-based compensation, (xi) change in fair value of contingent consideration, “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” “positioned,” “designed to” or similar (xii) certain legal expenses, and (xiii) acquisition-related expenses. We define Adjusted EBITDA margin as Adjusted EBITDA as a percentage expressions and the negatives of those terms. of revenue. We define Adjusted net income as net income (loss) to common stockholders plus (i) amortization of intangibles, (ii) Our actual results and the timing of events could materially differ from those anticipated in such forward-looking statements as a result of certain risks, amortization of developed technology and backlog, (iii) amortization of debt discount and issuance costs, (iv) gain on extinguishment of uncertainties and other factors, including without limitation: changes in growth or the rate of growth in demand for solar energy projects; factors outside of our debts, net (v) Series A preferred stock accretion, (vi) equity-based compensation, (vii) change in fair value of contingent consideration, (viii) control affecting the variability and demand for solar energy, including but not limited to, the retail price of electricity, availability of in-demand components like certain legal expenses, (ix) acquisition-related expenses, and (x) income tax expense adjustments. We define Adjusted general and high-voltage breakers, various policies related to the permitting and interconnection costs of solar plants, and the availability of incentives for solar energy and solar administrative expense as general and administrative expense less (i) equity-based compensation, (ii) certain legal expenses, and (iii) energy production systems, which makes it difficult to predict our future prospects; competitive pressures within our industry; competition from conventional and acquisition-related expenses. We define Net Debt as total debt less cash and cash equivalents. We define Free cash flow as Net cash renewable energy sources; a loss of one or more of our significant customers, their inability to perform under their contracts, or their default in payment; a drop in the price of electricity derived from the utility grid or from alternative energy sources; fluctuations in our results of operations across fiscal periods, which could provided by operating activities less purchase of property, plant and equipment. make our future performance difficult to predict and could cause our results of operations for a particular period to fall below expectations; any increase in interest rates, or a reduction in the availability of tax equity or project debt capital in the global financial markets, which could make it difficult for customers to finance the A detailed reconciliation between GAAP results and results excluding special items (“non-GAAP”) is included within this presentation. We cost of a solar energy system and reduce the demand for our products; existing electric utility industry policies and regulations, and any subsequent changes or new calculate net income (loss) per common share as net income (loss) to common stockholders divided by the basic and diluted weighted related policies and regulations, including as a result of the One Big Beautiful Bill Act (“OBBB”), which may present technical, regulatory and economic barriers to average number of shares outstanding for the applicable period and we define Adjusted net income per common share as Adjusted net the purchase and use of solar energy systems and may significantly reduce demand for our products or harm our ability to compete; termination of the Federal income (as detailed above) divided by the basic and diluted weighted average number of shares outstanding for the applicable period. Investment Tax Credit for solar facilities placed in service after December 31, 2027 (other than facilities that began construction before July 4, 2026), the foreign entity of concern and material assistance limitations under the OBBB, and related guidance issued by Treasury and the IRS, including with respect to the beginning of construction; our ability to realize the anticipated benefits of 45X advanced manufacturing production tax credits, including the amount, timing and collectability We believe that these non-GAAP financial measures are provided to enhance the reader’s understanding of our past financial performance of vendor rebates; the interruption of the flow of materials from international vendors, which could disrupt our supply chain, including as a result of the imposition of and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing the Company’s new and/or additional duties, tariffs and other charges or restrictions on imports and exports; changes in the global trade environment, including the continuation or performance, as well as in planning and forecasting future periods. The non-GAAP financial information is presented for supplemental imposition of import tariffs or other import restrictions, including under Section 232 of the Trade Expansion Act of 1962 and Section 301 of the Trade Act of 1974, informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP and and the timing and amount of any refunds of tariffs previously paid under the International Emergency Economic Powers Act; the outcome of pending and future may be different from similarly titled non-GAAP measures used by other companies. antidumping and countervailing duty and anti-circumvention proceedings, the Section 232 investigation of polysilicon and its derivatives, and the U.S. International Trade Commission Section 337 investigation relating to tunnel oxide passivated contact solar cells and modules, and their effect on the cost and availability of modules for our customers’ projects; geopolitical, macroeconomic and other market conditions unrelated to our operating performance including but not limited to Among other limitations, Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, a pandemic, the Russia-Ukraine war, attacks on shipping in the Red Sea and Strait of Hormuz, conflict in the Middle East (including, but not limited to, the war in Adjusted net income per common share, Adjusted general and administrative expense, Net Debt, and Free cash flow do not reflect our cash Iran), changing trade policies, inflation and interest rates; fluctuations in foreign currency exchange rates, including the Brazilian Real, and the phase-out of tax expenditures, or future requirements, for capital expenditures or contractual commitments; do not reflect the impact of certain cash incentives in Brazil; our ability to convert our orders in backlog into revenue; the reduction, elimination or expiration, or our failure to optimize the benefits of charges resulting from matters we consider not to be indicative of our ongoing operations; do not reflect income tax expense or benefit; and government incentives for, of regulations mandating the use of renewable energy and solar energy, particularly in relation to our competitors, which could reduce demand for solar energy systems; failure to, or incurrence of significant costs in order to, obtain, maintain, protect, defend or enforce, our intellectual property and other companies in our industry may calculate Adjusted gross profit, Adjusted gross margin, Adjusted EBITDA, Adjusted EBITDA margin, other proprietary rights; delays in construction projects and any failure to manage our inventory; significant changes in the cost of raw materials, including steel and Adjusted net income, Adjusted net income per common share, Adjusted general and administrative expense, Net Debt, and Free cash flow aluminum; disruptions to transportation and logistics, including increases in shipping costs; defects or performance problems in our products, which could result in differently than we do, which limits their usefulness as comparative measures. Because of these limitations, Adjusted gross profit, Adjusted loss of customers, reputational damage and decreased revenue; delays, disruptions or quality control problems in our product development operations; the gross margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per common share, Adjusted general TM development, deployment and commercialization of new products, including DuraTrack D2S , OmniTrack 2.0, the 60 degree variant of DuraTrack, and our ARRAY and administrative expense, Net Debt, and Free cash flow should not be considered in isolation or as substitutes for performance measures TM Atlas suite of foundation-to-tracker solutions; our ability to retain our key personnel or failure to attract additional qualified personnel; additional business, calculated in accordance with GAAP. financial, regulatory and competitive risks due to our continued planned expansion into new markets; cybersecurity or other data incidents, including unauthorized disclosure of personal or sensitive data or theft of confidential information and the use of artificial intelligence by cyber threat actors; a failure to maintain an effective system of integrated internal controls over financial reporting, including following the completion of our strategic transactions, which may impair our ability We compensate for these limitations by relying primarily on our GAAP results and using Adjusted gross profit, Adjusted gross margin, to report our financial results accurately; our substantial indebtedness, including our ability to repay, refinance or settle our convertible notes at or prior to maturity; Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income per common share, Adjusted general and our ability to pay cash dividends on the Series A Shares, the increases in the dividend rate applicable to the Series A Shares, and the potential issuance of shares of administrative expense, Net Debt, and Free cash flow on a supplemental basis. our common stock in respect of any accrued dividends; the amount, timing and form of payment of earnout and deferred consideration payable in connection with our acquisitions of APA and AWM, including any dilution resulting from the issuance of shares of our common stock in satisfaction thereof; risks related to actual or You should review the reconciliation of gross profit to Adjusted gross profit and Adjusted gross margin, net income (loss) to Adjusted EBITDA, threatened public health epidemics, pandemics, outbreaks or crises; changes to laws and regulations, including changes to tax laws and regulations, that are Adjusted EBITDA margin, Adjusted net income and Adjusted net income per common share, General and administrative expense to applied adversely to us or our customers; our ability to successfully integrate APA and AWM into our existing operations, realize the anticipated benefits or synergies of our strategic transactions and achieve strategic and other objectives relating to our strategic transactions; risks related to any unforeseen liabilities of APA or Adjusted general and administrative expense, Net Debt, and Net cash provided by operating activities to Free cash flow below and not rely AWM; and other factors listed and described in more detail in the section captioned “Risk Factors” in our Annual Report on Form 10-K, our Quarterly Reports on on any single financial measure to evaluate our business. Form 10-Q, and our other documents on file with the U.S. Securities and Exchange Commission. MARKET AND INDUSTRY DATA Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this presentation. You should read this presentation with the understanding that our actual future results may be materially different from what we expect. This presentation also contains information regarding our market and our industry that is derived from third-party research and publications. That information may rely upon a number of assumptions and limitations, and we have not independently verified its accuracy or Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially completeness. from those anticipated in these forward-looking statements, even if new information becomes available in the future. 1 3Q26 EARNINGS PRESENTATION

ARRAY’S MOMENTUM CONTINUES TO BUILD A leading provider of utility-scale solar tracking, engineered foundation, and wire management solutions STRONG MOMENTUM A global leader ~Half of orderbook (1) 294 total active patents , $2.6 billion advancing the future of is tier-1 utilities, IPPs, (1) 309 additional pending record orderbook clean energy and developers 5 significant 105 GW trackers 42% YoY 1.6x LTM product launches delivered globally orderbook growth book-to-bill in 2026 WHY WE WIN PROVEN MARKET LEADERSHIP PLATFORM EXPANSION DEEP CUSTOMER RELATIONSHIPS • Patented linked-row • Long-standing relationships with • Expanding beyond trackers through architecture leading developers and IPPs APA & AWM acquisitions • Increasing share of wallet opportunity • Patented passive wind stow • High repeat customer activity technology 2 (1) Includes APA & AWM 3Q26 EARNINGS PRESENTATION

3Q 2026 FINANCIAL HIGHLIGHTS p �330.2Mp �69.2Mp �75.4M (1) GROSS PROFIT ADJUSTED GROSS PROFIT REVENUE (31)% vs 2Q26 (28)% vs 2Q26 (3)% vs 2Q26 (1) 21.0% Gross Margin 22.8% Adj. Gross Margin 3% volume growth vs 2Q26 (1) 27.8% YTD Adj. Gross Margin 30 bps increase vs YTD25 p �32.1Mp (�7.9)Mp �2.6B (1) ADJUSTED EBITDA NET LOSS ORDERBOOK (1) (49)% vs 2Q26 Fourth Consecutive Record Orderbook �9.4M ADJUSTED NET INCOME (1) (1) +42% growth vs 3Q25 9.7% Adj. EBITDA Margin �0.06 ADJUSTED EARNINGS PER SHARE Fifth consecutive quarter >$400M new bookings Trailing twelve-month book-to-bill of 1.6x New products account for nearly 60% of 3 (2) orderbook (1) See Appendix for reconciliation of non-GAAP measures to the closest GAAP measure TM TM (2) New product introductions - OmniTrack®, SkyLink, Hail XP , D2S , APA , and AWM as % of orderbook 3Q26 EARNINGS PRESENTATION

3Q 2026 BUSINESS HIGHLIGHTS . . INNOVATE OUR FUTURE ELEVATE OUR INTERNATIONAL BUSINESS ADVANCE OUR CUSTOMER-FIRST CULTURE OPERATIONAL HIGHLIGHTS Completed acquisition of Affordable Wire Officially opened our new state-of-the-art Hosted APA Investor Technology Showcase Management, expanding product portfolio and manufacturing facility in Albuquerque, NM detailing balance-of-system strategy entering BESS and datacenter markets PRODUCT HIGHLIGHTS TM TM Launched Atlas , expanding product portfolio First 60-degree tracker awards to service high First D2S order in EMEA, continuing new with suite of foundation-to-tracker solutions wind and hail regions in the US product development adaption momentum 4 exclusive to ARRAY 3Q26 EARNINGS PRESENTATION

COMMERCIAL AND OPERATIONAL EXCELLENCE RECORD ORDERBOOK as of 3Q26 ALBUQUERQUE MANUFACTURING FACILITY $2.6 �2.6B $2.5 $2.4 $2.2 Record orderbook as of 3Q26, +42% YoY $1.9 >�1.8B New orders 3Q26 TTM; 1.6x book-to-bill ~60% Expands 45X capture for in-house 216K Orderbook from new products components vs supplier rebate share (1) introductions 3Q25 4Q25 1Q26 2Q26 3Q26 sq ft, opened Optimizes inventory through production, Sept. 2026 assembly, warehousing, and logistics FOURTH CONSECUTIVE QUARTER OF RECORD ORDERBOOK 5 TM TM (1) New product introductions - OmniTrack®, SkyLink, Hail XP , D2S , APA, and AWM as % of orderbook 3Q26 EARNINGS PRESENTATION

DELIVERING ON OUR BALANCE-OF-SYSTEM STRATEGY Interoperability progresses, providing comprehensive solutions across foundations, trackers and wire management APA & AWM INTEGRATION UPDATE INTEROPERABILITY IN PRACTICE Integration advancing well and progressing EZ PILE ahead of schedule across key operational AWM product with APA-supplied and commercial functions foundations and assembled hooks Increasing collaboration on combined bids More efficient supply chain and project opportunities planning and cost optimization Financial reporting and controls, sourcing, TM ATLAS II and synergy tracking progressing toward full integration ~7GW Total Pipeline ~1.6GW in Mid-to-Late-Stage Integration plan moved into execution Pipeline following closing in 3Q 2027 roadmap focused on building an WIRE MANAGEMENT INTEGRATION integrated supply-chain operating model APA foundations now feature pre- drilled holes purpose-fit for AWM Key priorities include supplier diversification, hooks stronger supplier agreements, inventory Faster installation, reduced field planning, and logistics optimization 6 labor 3Q26 EARNINGS PRESENTATION

3Q 2026 FINANCIAL RESULTS ($ in millions, except EPS Data) 3Q26 2Q26 3Q25 Financial Highlights Revenue $330.2 $342.1 $393.5 (1) Gross margin 21.0% 29.1% 26.9% 3Q26 Adjusted Gross Margin of 22.8%, (520) bps vs 3Q25, Net (loss) income to Common Stockholders ($7.9) $8.4 $18.4 primarily due to a reserve for a 2023 45X receivable (330) Diluted net (loss) income per share ($0.05) $0.05 $0.12 bps, domestic input costs, and international mix Net cash provided by operating activities $4.6 $121.3 $27.4 (1) 3Q26 Adjusted EBITDA of $32.1M, sequentially down (1) Adjusted gross margin 22.8% 30.8% 28.1% 49% vs 2Q26, primarily due to a reserve for a 2023 45X (1) Adjusted EBITDA $32.1 $63.3 $72.2 receivable (330) bps, decreased volume leverage (1) Adjusted EBITDA margin 9.7% 18.5% 18.3% and gross margin input costs (1) Adjusted net income $9.4 $37.0 $45.8 (1) Adjusted net income per common share $0.06 $0.24 $0.30 (1) Free Cash Flow ($1.1) $113.6 $21.9 7 (1) See Appendix for reconciliation of non-GAAP measures to the closest GAAP measure 3Q26 EARNINGS PRESENTATION

3Q 2026 LEVERAGE & LIQUIDITY Total available liquidity of over �450M post acquisition of AWM. Net Debt leverage expected to rebound following 4Q26 deliveries LEVERAGE LIQUIDITY As of September 30, 2026 Corporate Ratings: B1 (stable) / B+ (stable) ($ millions) As of September 30, 2026 (1) ($ millions) Amount xEBITDA Cash & Cash Equivalents $143.3 Cash & Cash Equivalents $143.3 (2) Revolving Credit Facility (RCF) ($370) $0.0 RCF $370.0 (3) Total Secured Debt $0.0 NA Less LC hold ($47.4) Net First Lien Leverage ($143.3) Available Liquidity $465.9 (2) Convertible Notes due 2028 $325.0 (2) Convertible Notes due 2031 $345.0 Other Debt $3.2 Total Debt $673.2 5.0X (4) Net Debt $530.0 3.9X (1) Trailing Twelve Months (TTM) Adj EBITDA of $135M as of September 30, 2026 (2) Represents outstanding principals of respective instruments 8 (3) LC hold does not represent a balance sheet commitment and; therefore, is not considered part of net debt; however, LC hold in excess of $50 million will be reflected in covenant test. (4) Net Debt defined as Total Debt less Cash & Cash Equivalents 3Q26 EARNINGS PRESENTATION

DEMAND REMAINS STRONG AMID MACRO-DRIVEN PROJECT TIMELINE EXTENSIONS Policy uncertainty and financing conditions are extending project timelines and shifting deliveries into future periods, despite healthy underlying demand KEY RECENT POLICY & MACRO DEVELOPMENTS IMPLICATIONS FOR ARRAY ► Macro and policy uncertainty is extending customer project ► Section 232 Polysilicon Tariffs: New 15% tariff and minimum timelines and delaying notices to proceed (NTPs), shifting import prices on solar cells and modules creating cost the timing of ARRAY deliveries (1) uncertainty 4Q26 ► FCC Foreign Inverter Ban: New restrictions on foreign inverter (2) models requiring developers to reassess equipment sourcing Peak delivery quarter; some project timing shift to 2027 based on delivery availability windows ► Federal Permitting: Additional reviews impacting approximately (3) 30% of the U.S. solar pipeline, extending development timelines 2027 ► Interest Rates: Higher financing costs impacting project ~80% of total orderbook and ~70% of domestic tracker economics and slowing financial close orderbook scheduled to deliver over next 6 quarters; 1H’27 expected to deliver slightly over 40% of 2027 revenue DEMAND REMAINS 216–240 GWdc U.S. industry utility- �2.6B ARRAY record orderbook (4) STRONG scale pipeline already safe-harbored (1) Presidential Proclamation 11052, Aug. 6, 2026. 9 (2) FCC Covered List update, Jul. 28, 2026; SolarInsure, Sept. 2026. (3) Wood Mackenzie via pv magazine, Jul. 2026; Senate cloture schedule, Oct. 2026. (4) SEIA/Wood Mackenzie U.S. Solar Market Insight, Q2 2026. 3Q26 EARNINGS PRESENTATION

UPDATING 2026 FULL YEAR GUIDANCE FULL YEAR ENDING DECEMBER 31, 2026 PREVIOUS UPDATED 4Q26 ENDING December 31, 2026 Revenue $1.4B - $1.5B $1.34B - $1.4B Revenue $445M - $505M (1) Adjusted EBITDA $210M - $230M $190M - $210M (1) Adjusted Net Income Per Common Share $0.68 - $0.75 $0.57 - $0.69 Full-Year 2026 Assumptions: (1) FY Adjusted Gross Margin : ~27% (Prior: 27% - 28%) (1) FY Adjusted G&A : ~13.25% at mid-point (Prior ~12% of revenue) (1) Free Cash Flow conversion as % of Adjusted EBITDA: Expect some timing shift into Q1’27 with Q4’26 peak (unchanged) Includes anticipated contributions from acquisition of AWM, closed Aug. 31, 2026. (1) A reconciliation of projected adjusted gross profit, adjusted gross margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per common share, adjusted G&A, Net Debt, and free cash flow, which are forward-looking measures that are not prepared in accordance with GAAP, to the most directly comparable GAAP financial measures, is not provided because we are unable to provide such reconciliation without unreasonable effort. The inability to provide a quantitative reconciliation is due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the components of the applicable GAAP measures and non-GAAP adjustments may be recognized. The GAAP measures may include the impact of such items as non-cash share-based compensation, revaluation of the fair-value of our contingent consideration, amortization of intangible assets and the tax effect of such items, in addition to other items we have historically excluded from adjusted EBITDA and adjusted net income per share. We expect to continue to exclude these items in future disclosures of these non-GAAP measures and may also exclude other similar items that may arise in the future (collectively, “non-GAAP 10 adjustments”). The decisions and events that typically lead to the recognition of non-GAAP adjustments are inherently unpredictable as to if or when they may occur. As such, for our 2026 guidance, we have not included estimates for these items and are unable to address the probable significance of the unavailable information, which could be material to future results. 3Q26 EARNINGS PRESENTATION

APPENDIX 11 11 3Q26 EARNINGS PRESENTATION

CONDENSED CONSOLIDATED BALANCE SHEETS Array Technologies, Inc. As of (in thousands, except per share and share amounts) (Unaudited) September 30, 2026 December 31, 2025 Assets Current Assets Cash and cash equivalents $ 143,280 $ 244,388 Restricted cash - 1,596 Accounts receivable, net 329,456 271,578 Inventories, net 167,494 150,374 Prepaid expenses and other 95,431 201,108 Total current assets 735,661 869,044 Property, plant and equipment, net 67,442 58,225 Lease assets 94,294 97,088 Goodwill 231,765 135,173 Other intangible assets, net 274,638 238,579 Deferred income tax assets 24,980 23,965 Other assets 156,171 29,718 Total assets $ 1,584,951 $ 1,451,792 Liabilities, Redeemable Perpetual Preferred Stock and Stockholders' Equity Current Liabilities Accounts payable $ 199,966 $ 143,994 Accrued expenses 101,533 54,289 Income tax payable - 4,687 Current portion of deferred revenue 108,484 128,433 Current portion of contingent consideration 13,166 14,551 Current portion of warranty liability 10,301 10,844 Current portion of lease liabilities 8,470 7,662 Current portion of debt 3,244 10,315 Other current liabilities 8,826 2,237 Total current liabilities 453,990 377,012 Deferred income tax liabilities 19,479 22,133 Deferred revenue, net of current portion 36,031 16,794 Contingent consideration, net of current portion 18,405 12,739 Warranty liability, net of current portion 6,308 5,466 Lease liabilities, net of current portion 89,117 89,552 Long-term debt, net of current portion 658,550 658,664 Other long-term liabilities 1,450 9,044 Total liabilities 1,283,330 1,191,404 Commitments and contingencies (1) Series A Redeemable Perpetual Preferred Stock: $0.001 par value; 500,000 authorized; 400,000 and 490,829 shares issued as of September 30, 2026 and December 31, 2025, respectively; liquidation preference of $510.0 million 509,978 466,728 and $493.1 million at each date, respectively Stockholders' equity Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates - - Common stock of $0.001 par value - 1,000,000,000 shares authorized; 154,269,366 and 152,779,614 shares issued at respective dates 155 152 Additional paid-in capital 189,253 226,848 Accumulated deficit (388,319) (422,859) Accumulated other comprehensive loss (9,446) (10,481) Total stockholders' equity (208,357) (206,340) 12 Total liabilities, redeemable perpetual preferred stock and stockholders' equity $ 1,584,951 $ 1,451,792 (1) Adjusted to reflect the increase in Liquidation Preference rather than the number of shares. 3Q26 EARNINGS PRESENTATION

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS Array Technologies, Inc. Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share amounts) (Unaudited) 2026 2025 2026 2025 Revenue $ 330,212 $ 393,491 $ 895,689 $ 1,058,097 Cost of revenue Cost of product and service revenue 254,849 283,386 646,489 767,161 Amortization of developed technology and backlog 6,144 4,434 17,373 11,713 Total cost of revenue 260,993 287,820 663,862 778,874 Gross profit 69,219 105,671 231,827 279,223 Operating expenses General and administrative 58,783 52,248 163,512 141,147 Change in fair value of contingent consideration (10,293) 1,014 (10,438) 1,014 Depreciation and amortization 6,789 6,958 22,939 17,951 Total operating expenses 55,279 60,220 176,013 160,112 Income from operations 13,940 45,451 55,814 119,111 Interest income 2,152 2,977 6,941 10,096 Interest expense (5,810) (5,046) (17,159) (21,849) Foreign currency gain (loss), net 39 (6) 729 2,026 Gain on extinguishment of debts, net - - - 14,207 Other (expense) income, net (473) 68 (629) 12 Total other (expense) income, net (4,092) (2,007) (10,118) 4,492 Income before income tax expense 9,848 43,444 45,696 123,603 Income tax expense 1,651 9,941 11,156 30,092 Net income 8,197 33,503 34,540 93,511 Preferred dividends and accretion 16,113 15,144 47,558 44,375 Net (loss) income to common stockholders $ (7,916) $ 18,359 $ (13,018) $ 49,136 (Loss) income per common share Basic $ (0.05) $ 0.12 $ (0.08) $ 0.32 Diluted $ (0.05) $ 0.12 $ (0.08) $ 0.32 Weighted average number of common shares outstanding Basic 154,014 152,727 153,616 152,465 Diluted 154,014 154,090 153,616 153,350 13 3Q26 EARNINGS PRESENTATION

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Array Technologies, Inc. Nine Months Ended September 30, (in thousands) (Unaudited) 2026 2025 Operating activities Net income $ 34,540 $ 93,511 Adjustments to reconcile net income to cash produced by operating activities: Provision for bad debts 1,269 1,001 Deferred tax expense (1,832) 6,748 Depreciation and amortization 29,159 19,923 Amortization of developed technology and backlog 17,373 11,713 Amortization of debt discount and issuance costs 2,669 4,407 Gain on extinguishment of debts, net - (14,207) Equity-based compensation 11,011 11,343 Change in fair value of contingent consideration (10,438) 1,014 Provision for certain non-trade receivables 10,922 - Warranty provision 9,076 10,290 Inventory reserve 5,204 3,360 Other non-cash 730 (2,017) Changes in operating assets and liabilities (13,207) (88,941) Net cash provided by operating activities 96,476 58,145 Investing activities Purchase of property, plant and equipment (20,844) (14,469) Acquisition, net of cash acquired (160,869) (164,916) Investment in securities (1,000) - Net cash used in investing activities (182,713) (179,412) Financing activities Proceeds from issuance of other debt 58,185 108,659 Proceeds from issuance of convertible notes - 345,000 Premium paid on capped call - (35,087) Fees paid on issuance of convertible notes - (10,434) Repayments of other debt (67,551) (119,181) Repayments of term loan facility - (233,875) Repayments of convertible notes - (78,363) Dividends pain on Series A Redeemable Perpetual Preferred Stock (4,308) - Contingent consideration payments (2,574) (1,204) Other financing (2,040) (1,033) Net cash used in financing activities (18,288) (25,518) Effect of exchange rate changes on cash and cash equivalent balances 1,821 5,747 Net change in cash and cash equivalents and restricted cash (102,704) (141,038) 14 Cash and cash equivalents, and restricted cash beginning of period 245,984 364,141 Cash and cash equivalents and restricted cash, end of period $ 143,280 $ 223,103 3Q26 EARNINGS PRESENTATION

ADJUSTED GROSS PROFIT RECONCILIATION Array Technologies, Inc. Three Months Ended (in thousands, except percentages) (Unaudited) September 30, 2026 June 30, 2026 September 30, 2025 Revenue $ 330,212 $ 342,065 $ 393,491 Cost of revenue 260,993 242,461 287,820 Gross profit 69,219 99,604 105,671 Gross margin 21.0% 29.1% 26.9% Amortization of developed technology and backlog 6,144 5,615 4,434 (a) Acquisition-related expenses 41 40 399 Adjusted gross profit 75,404 105,259 110,504 Adjusted gross margin 22.8% 30.8% 28.1% a) Represents acquisition-related fair value adjustments to Property, plant, and equipment. 15 3Q26 EARNINGS PRESENTATION

ADJUSTED G&A RECONCILIATION Array Technologies, Inc. Three Months Ended (in thousands) (Unaudited) September 30, 2026 June 30, 2026 September 30, 2025 General and administrative expense $ 58,783 $ 54,325 $ 52,248 Equity-based compensation (2,491) (4,579) (4,647) (a) Acquisition-related expenses (10,471) (5,761) (8,545) Adjusted general and administrative expense $ 45,821 $ 43,985 $ 39,056 a) Represents acquisition-related expenses. 16 3Q26 EARNINGS PRESENTATION

ADJUSTED EBITDA RECONCILIATION Array Technologies, Inc. Three Months Ended (in thousands) (Unaudited) September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Net income (loss) $ 8,197 $ 24,346 $ 1,997 $ (145,746) $ 33,503 Preferred dividends and accretion 16,113 15,908 15,537 15,422 15,144 Net (loss) income to common stockholders $ (7,916) $ 8,438 $ (13,540) $ (161,168) $ 18,359 Other income, net (1,679) (2,215) (2,418) (752) (3,045) Foreign currency (gain) loss, net (39) (529) (161) (16) 6 Preferred dividends and accretion 16,113 15,908 15,537 15,422 15,144 Interest expense 5,810 5,786 5,563 5,482 5,046 Income tax expense (benefit) 1,651 7,377 2,128 (7,074) 9,941 Depreciation expense 3,343 2,728 2,364 2,336 1,537 Amortization of intangibles 5,965 7,371 7,388 7,508 6,199 Amortization of developed technology and backlog 6,144 5,615 5,614 5,807 4,434 Equity-based compensation 2,491 4,579 3,941 4,228 4,647 Change in fair value of contingent consideration (10,293) 2,441 (2,586) (837) 1,014 Goodwill impairment - - - 102,560 - (a) Acquisition-related expenses 10,471 5,761 4,997 5,960 8,912 (b) Inventory valuation charge - - - 29,516 - (c) Other costs - - - 2,267 - Adjusted EBITDA $ 32,061 $ 63,260 $ 28,827 $ 11,239 $ 72,194 Adjusted EBITDA margin 9.7% 18.5% 12.9% 5.0% 18.3% a) Represents acquisition-related expenses. TM b) Represents inventory valuation charge related to phase-out of STI H250 inventory that is not SmarTrack® compatible. c) Represents $1.2 million organization restructuring and $1.1 million resolution of STI legacy VAT matter. 17 3Q26 EARNINGS PRESENTATION

ADJUSTED NET INCOME RECONCILIATION Array Technologies, Inc. Three Months Ended (in thousands, except per share amounts) (Unaudited) September 30, 2026 June 30, 2026 September 30, 2025 Net income $ 8,197 $ 24,346 $ 33,503 Preferred dividends and accretion 16,113 15,908 15,144 $ (7,916) $ 8,438 Net (loss) income to common stockholders $ 18,359 Amortization of intangibles 5,965 7,371 6,199 Amortization of developed technology and backlog 6,144 5,615 4,434 Amortization of debt discount and issuance costs 901 892 879 Series A Preferred Stock accretion 8,201 8,032 7,548 Equity-based compensation 2,491 4,579 4,647 Change in fair value of contingent consideration (10,293) 2,441 1,014 (a) Acquisition-related expenses 10,535 5,825 8,944 (b) Income tax expense of adjustments (6,581) (6,145) (6,262) Adjusted net income $ 9,447 $ 37,048 $ 45,762 (Loss) income per common share Basic $ (0.05) $ 0.05 $ 0.12 Diluted $ (0.05) $ 0.05 $ 0.12 Weighted average number of common shares outstanding Basic 154,014 153,866 152,727 Diluted 154,014 155,685 154,090 Adjusted net income per common share Basic $ 0.06 $ 0.24 $ 0.30 Diluted $ 0.06 $ 0.24 $ 0.30 Weighted average number of common shares outstanding Basic 154,014 153,866 152,727 Diluted 155,108 155,685 154,090 a) Represents acquisition-related expenses and fair value adjustments to Property, plant, and equipment. b) Represents the estimated tax impact of all Adjusted Net Income add-backs, excluding those which represent permanent differences between book versus tax. 18 3Q26 EARNINGS PRESENTATION

FREE CASH FLOW RECONCILIATION Array Technologies, Inc. Three Months Ended (in thousands) (Unaudited) September 30, 2026 June 30, 2026 September 30, 2025 Net cash provided by operating activities $ 4,618 $ 121,279 $ 27,363 Purchase of property, plant and equipment (5,700) (7,633) (5,513) Free cash flow $ (1,082) $ 113,646 $ 21,850 19 3Q26 EARNINGS PRESENTATION

THANK YOU investors@arraytechinc.com 20 3Q26 EARNINGS PRESENTATION

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