Array Technologies Plunges 35% After Q4 Beat, 2026 EBITDA Guidance Misses by $41M
Array Technologies shares fell 34.8% after Q4 revenue of $226 million topped estimates and adjusted EPS of $0.01 met forecasts, while gross profit margin slid 19.9 percentage points year-on-year. The company’s 2026 guidance projects adjusted EBITDA of $215 million at midpoint versus a $256.4 million consensus and EPS of $0.70.
1. Q4 Financial Results
Array reported fourth-quarter revenue of $226 million, surpassing analyst estimates, and adjusted EPS of $0.01 in line with forecasts, while gross profit margin declined 19.9 percentage points year-on-year.
2. 2026 Guidance and Analyst Forecasts
For fiscal 2026, management forecast adjusted EBITDA of $215 million at the midpoint and adjusted EPS of $0.70, falling short of consensus estimates of $256.4 million for EBITDA and higher EPS projections.
3. Market Reaction and Stock Performance
The stock plunged 34.8% on the news, reflecting heightened volatility that has seen 77 moves greater than 5% over the past year; shares are down 26.7% year-to-date and trade about 41% below their 52-week high.