Array Technologies Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _________ to _________ Commission File Number: 001-39613 ARRAY TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) Nasdaq Global Market ARRY Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).☒Yes☐NoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒NoIndicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:As of May4, 2026, there were 153,826,378 shares of common stock, par value $0.001 per share, issued and outstanding. Array Technologies, Inc.Index to Form 10-Q PART I - FINANCIAL INFORMATION Item 1.Unaudited Condensed Consolidated Financial StatementsCondensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations3Condensed Consolidated Statements of Comprehensive Income (Loss)4Condensed Consolidated Statements of Changes in Redeemable Perpetual PreferredStock and Stockholders’ Equity5Condensed Consolidated Statements of Cash Flows7Notes to Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item 3.Quantitative and Qualitative Disclosures About Market Risk54Item 4.Controls and Procedures54 PART II - OTHER INFORMATION Item 1.Legal Proceedings55Item 1A.Risk Factors57Item 2.Unregistered Sales of Equity Securities and Use of Proceeds57Item 3.Defaults Upon Senior Securities57Item 4.Mine Safety Disclosures57Item 5.Other Information57Item 6.Exhibits58 PART I—FINANCIAL INFORMATION Array Technologies, Inc.Condensed Consolidated Balance Sheets(unaudited)(in thousands, except per share and share amounts) Array Technologies, Inc.Condensed Consolidated Balance Sheets(unaudited)(continued)(in thousands, except per share and share amounts) Array Technologies, Inc.Condensed Consolidated Statements of Operations(unaudited)(in thousands, except per share amounts) Array Technologies, Inc.Condensed Consolidated Statements of Comprehensive (Loss) Income(unaudited)(in thousands) See accompanying Notes to Condensed Consolidated Financial Statements. Array Technologies, Inc.Condensed Consolidated Statements of Changes in Redeemable Perpetual Preferred Stock andStockholders’ Equity(unaudited)(in thousands) See accompanying Notes to Condensed Consolidated Financial Statements. Array Technologies, Inc.Condensed Consolidated Statements of Cash Flows(unaudited)(in thousands) Array Technologies, Inc.Notes to Condensed Consolidated Financial Statements(Unaudited) 1.Organization and Business Headquartered in Albuquerque, New Mexico, Array Technologies, Inc. (the “Company”) is a leading globalprovider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customerswho construct, develop, and operate solar photovoltaic (“PV”) sites. With solutions engineered to withstandharsh weather conditions, the Company’s high-quality solar trackers, fixed-tilt systems, software platforms,foundation solutions, and field services combine to optimize energy production and deliver value to ourcustomers for the entire lifecycle of a project. On August 14, 2025, the Company acquired 100% of the issued and outstanding equity interests of APA Solar,LLC (“APA”), the terms of which are discussed inNote 3 – Acquisition(the “APA Acquisition”). APA designs,engineers and manufactures solar racking, mounting and foundation systems, and the integration