Array Technologies, Inc. filings document operating results, governance matters and financing arrangements for a Nasdaq-listed manufacturer of solar tracking and fixed-tilt systems for solar PV projects. Form 8-K reports furnish earnings releases, investor presentations and material-event disclosures, including credit agreement amendments and debt obligations.
Proxy materials describe annual meeting proposals, director elections, auditor ratification, executive compensation votes and charter governance matters such as board declassification. Capital-structure disclosures cover common stock registered under the Exchange Act, convertible senior notes, revolving credit facilities, subsidiaries involved in credit agreements and related shareholder voting matters.
Voya Financial, Inc. reports beneficial ownership of Array Technologies, Inc. common stock on an amended Schedule 13G. Voya is organized in Delaware and acts as the ultimate parent of several wholly owned subsidiaries listed on Exhibit A.
Voya reports beneficial ownership of 7,807,545 shares of Array common stock, representing 5.1% of the class as of June 30, 2026. It has sole voting power over 1,786,059 shares and sole dispositive power over all 7,807,545 shares, with no shared voting or dispositive power disclosed. The filing is signed by Mark Sides, SVP and Deputy General Counsel.
Array Technologies, Inc., a solar tracking and fixed‑tilt systems provider, reported second‑quarter 2026 revenue of $342.1 million, down from $362.2 million a year earlier. Gross profit edged up to $99.6 million, but higher operating expenses and the absence of a prior‑year debt extinguishment gain reduced income before taxes to $31.7 million from $56.9 million.
Net income for the quarter was $24.3 million, with net income to common stockholders of $8.4 million and diluted EPS of $0.05, versus $0.19 a year ago. For the first half of 2026, revenue was $565.5 million and net income $26.3 million, but preferred dividends and accretion of $31.4 million produced a $5.1 million loss to common stockholders.
Operating cash flow strengthened to $91.9 million for the first half, lifting cash and cash equivalents to $307.3 million. The company carries $670 million of convertible notes and a Series A redeemable perpetual preferred stock with a $498.2 million liquidation preference and $106.4 million of accrued dividends, contributing to negative common equity of $202.1 million. Integration of the 2025 APA Solar acquisition continues, and a proposed acquisition of AWM for a base $153 million plus potential earn‑outs is disclosed as a subsequent event.
Array Technologies, Inc. reported Q2 2026 revenue of $342.1 million and net income to common stockholders of $8.4 million, or $0.05 per diluted share. Adjusted EBITDA was $63.3 million with an 18.5% margin, and adjusted net income was $37.0 million, or $0.24 per diluted share. Gross margin was 29.1%, with adjusted gross margin at 30.8%.
The company ended June 30, 2026 with a record orderbook of $2.5 billion, a 37% increase year over year, driven by more than $500 million of new quarterly bookings and a trailing twelve‑month book‑to‑bill of 1.5x; management noted that recent product launches account for roughly half of the orderbook. Cash and cash equivalents were $307.3 million, with net debt of $362.7 million, or 2.1x trailing adjusted EBITDA.
Full‑year 2026 guidance was updated: revenue is expected between $1.4 billion and $1.5 billion, adjusted EBITDA between $210 million and $230 million, and adjusted net income per common share between $0.68 and $0.75. Array also highlighted a pending Affordable Wire Management acquisition with up to $203 million of potential consideration and continued expansion of its tracker and foundation product portfolio.
Array Technologies, Inc. has a significant institutional holder group consisting of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation, which jointly report beneficial ownership of 10,402,354 common shares, representing 6.76% of the class. They report no sole voting or dispositive power, with 10,022,933 shares subject to shared voting power and 10,402,354 shares subject to shared dispositive power. The stake is largely held through unit investment trusts and other investment vehicles for which First Trust entities act as sponsor or advisor, and all three reporting persons expressly disclaim beneficial ownership of the shares.
Array Technologies, Inc. agreed that its subsidiary STINorland USA will acquire 100% of Affordable Wire Management, LLC (AWM), a provider of wire management and balance‑of‑system products for utility‑scale solar, battery storage, and datacenter applications. Total consideration is up to $203,000,000, subject to customary adjustments, comprising a $153,000,000 base cash purchase price at closing, deferred payments of up to $10,000,000 over the first and second anniversaries of closing tied to the continued employment of the founders, and performance‑based earn‑out payments of up to $40,000,000 over 2026‑2028 based on AWM’s EBITDA targets.
Deferred and earn‑out amounts may be paid in cash, in Array common stock valued at the 10‑day VWAP, or a mix, relying on private‑offering exemptions under the Securities Act. AWM has nearly $60 million of trailing twelve‑month revenue, and the $203 million package represents about 8.8x trailing twelve‑month EBITDA. Array expects to fund the closing payment with cash on hand and projects the deal to be high single‑digit accretive to Adjusted EPS in year one before synergies. After closing, AWM will be included in the Array Legacy segment and its senior management is expected to remain. Closing is anticipated in the third quarter of 2026, subject to Hart‑Scott‑Rodino clearance and other customary conditions, with an outside date of December 13, 2026.
Array Technologies, Inc. director Gerrard Schmid reported equity compensation activity involving restricted stock units (RSUs) and common shares. On May 19, 2026, 22,164 RSUs granted on May 20, 2025 vested and were exercised into 22,164 shares of common stock, with no associated sale.
On the same date, Schmid received a new grant of 22,641 RSUs, scheduled to vest on May 18, 2027, each representing one share of common stock upon vesting under the company’s 2020 Long-Term Incentive Plan. Following these transactions, Schmid directly holds 85,785 shares of common stock, and the vested RSU award from 2025 has been fully converted.
Jokinen Tracy C reported acquisition or exercise transactions in this Form 4 filing.
Array Technologies director Tracy C. Jokinen increased her equity stake through stock awards. On May 19, 2026, 22,164 restricted stock units granted on May 20, 2025 vested and were settled into 22,164 shares of common stock.
On the same date, Jokinen received a new grant of 22,641 restricted stock units under Array’s 2020 Long-Term Incentive Plan, which vest on May 18, 2027. After these transactions, she directly holds 44,516 shares of common stock and 22,641 restricted stock units.
Array Technologies director Jayanthi Iyengar reported equity compensation activity involving restricted stock units (RSUs). On May 19, 2026, 22,164 RSUs granted on May 20, 2025 vested and were converted into 22,164 shares of common stock. On the same date, Iyengar received a new grant of 22,641 RSUs that will vest on May 18, 2027 under Array’s 2020 Long-Term Incentive Plan. Following these transactions, Iyengar directly holds 73,807 shares of common stock and 22,641 RSUs, reflecting routine director compensation rather than open-market buying or selling.
Array Technologies, Inc. director John Bradford Forth reported equity compensation activity involving common stock and restricted stock units. He exercised 22,164 restricted stock units that had been granted on May 20, 2025 and vested on May 19, 2026, receiving the same number of common shares.
Following this exercise, he directly held 151,020 shares of common stock. On the same date, he also received a new grant of 22,641 restricted stock units under the company’s 2020 Long-Term Incentive Plan, which are scheduled to vest on May 18, 2027.
Cohen Emily Rachel reported acquisition or exercise transactions in this Form 4 filing.
Array Technologies, Inc. director Emily Rachel Cohen reported a compensation-related equity grant. She received 22,641 restricted stock units (RSUs), each representing the right to receive one share of common stock under the company’s 2020 Long-Term Incentive Plan.
The RSUs were granted on May 19, 2026 and are scheduled to vest on May 18, 2027, meaning the shares will be delivered if the vesting conditions are met. Following this grant, Cohen’s reported holdings from this award total 22,641 RSUs.