Slide 1: 2Q26 Earnings Presentation
2Q26 EARNINGS PRESENTATION August 5, 2026 2Q 2026 EARNINGS PRESENTATION 0
Slide 2: Disclaimer
DISCLAIMER 2Q26 EARNINGS PRESENTATION FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements that are based on our management’s beliefs and assumptions and on information NON- GAAP FINANCIAL INFORMATION currently available to our management. Forward-looking statements inclu
Slide 3: Generating Energy with Integrity for a Sustainable World
GENERATING ENERGY WITH INTEGRITY 2Q26 EARNINGS PRESENTATION FOR A SUSTAINABLE WORLD ARRAY TECHNOLOGIES Demonstrated track record of delivering Leading the way to a brighter, smarter future power across the globe for 30+ years A global leader advancing the future of clean energy Headquartered in Albu
Slide 4: Business Update
2Q26 EARNINGS PRESENTATION BUSINESS UPDATE Kevin G. Hostetler Chief Executive Officer 3
Slide 5: 2Q 2026 Financial Highlights
2Q 2026 FINANCIAL HIGHLIGHTS 2Q26 EARNINGS PRESENTATION $342.1M $99.6M $105.3M GROSS PROFIT ADJUSTED GROSS PROFIT (1) REVENUE +53% growth vs 1Q26 +58% growth vs 1Q26 +53% growth vs 1Q26 +38% volume growth vs 1Q26 29.1% Gross Margin 30.8% Adj. Gross Margin(1) +90 bps improvement vs 1Q26 30.8% Y
Slide 6: Executing on Our Priorities
EXECUTING ON OUR PRIORITIES 2Q26 EARNINGS PRESENTATION . ELEVATE OUR INTERNATIONAL BUSINESS INNOVATE OUR FUTURE . ADVANCE OUR CUSTOMER - FIRST CULTURE RECORD ORDERBOOK as of 2Q26 Formally launched Unveiled ARRAY AtlasTM DuraTrack D2STM for $2.5 suite of foundation-to- international markets $2.4 trac
Slide 7: APA Solar – Year One Validation
APA SOLAR – YEAR ONE VALIDATION 2Q26 EARNINGS PRESENTATION Acquired Aug’25 – scaled meaningfully in its first year under ARRAY ownership BOOKINGS MOMENTUM REVENUE GROWTH AVG PIPELINE PROJECT SIZE PATENT PORTFOLIO 1.5x YTD Book-to-Bill 17% Up 155% 32 Active & Pending A-Frame® quote requests up ~50% Y
Slide 8: Next Step in BOS Strategy: AWM
NEXT STEP IN BOS STRATEGY: AWM 2Q26 EARNINGS PRESENTATION AWM(1) is a leading provider of cable management and safety products for solar, BESS and datacenter customers — nearly $60M TTM revenue (2) STRATEGIC RATIONALE DEAL STRUCTURE Follows our balance of system strategy– entry into wire management,
Slide 9: Innovation & Portfolio Expansion
2Q26 EARNINGS PRESENTATION INNOVATION & PORTFOLIO EXPANSION Neil Manning President & Chief Operating Officer 8
Slide 10: Proven New Product Development
PROVEN NEW PRODUCT DEVELOPMENT 2Q26 EARNINGS PRESENTATION Innovation directly leads to record $2.5B orderbook and 2026 is our largest launch year ever ORDERBOOK CONTRIBUTION 2023 OmniTrack® · SkyLink · Hail XP · APA Solar · SmarTrack® — terrain- FROM NEW PRODUCTS (1) – following, wireless architectu
Slide 11: Advancing the Core Tracker Platform
ADVANCING THE CORE TRACKER PLATFORM 2Q26 EARNINGS PRESENTATION OmniTrack ® 2.0 DuraTrack ® 60 ° Variant Next - generation terrain - following tracker Extreme - weather resilient lower capital cost alternative – built with input from customers and insurers Up to 2° of adaptability – industry leading
Slide 12: ARRAY Atlas: Engineered from the Ground Up
ARRAY ATLAS TM 2Q26 EARNINGS PRESENTATION ENGINEERED FROM THE GROUND UP A foundation - to- tracker suite engineered with APA – optimizing steel interfaces, with natural wire management interoperability Atlas TM I Atlas TM II Standard Soil Conditions Challenging Soil Conditions Connects driven Sigma
Slide 13: Financial Update
2Q26 EARNINGS PRESENTATION FINANCIAL UPDATE H. Keith Jennings Chief Financial Officer 12
Slide 14: 2Q 2026 Financial Highlights
2Q 2026 FINANCIAL HIGHLIGHTS 2Q26 vs 1Q26(2) 2Q26 EARNINGS PRESENTATION Momentum continued in the second quarter with significant profit improvement quarter over quarter REVENUE +53% (1) Gross Profit (GAAP) Adj. Gross Profit Revenue ADJ. GP (1) +53% Gross Margin (GAAP) Adj. Gross Margin (1) $342.1 $
Slide 15: 2Q 2026 Financial Results
2Q 2026 FINANCIAL RESULTS 2Q26 EARNINGS PRESENTATION Sequential outperformance from 1Q26 across revenue, adjusted EBITDA (1) and adjusted EPS (1) ($ in millions, except EPS Data) 2Q26 1Q26 2Q25 Financial Revenue $342.1 $223.4 $362.2 Highlights Gross margin 29.1% 28.2% 26.8% 2Q26 Adjusted Gross Margi
Slide 16: Leverage & Liquidity
LEVERAGE & LIQUIDITY 2Q26 EARNINGS PRESENTATION Total available liquidity of greater than $640M with Net Debt leverage of 2.1X LEVERAGE LIQUIDITY Corporate Ratings: B1 (stable) / B+ (stable) As of June 30, 2026 ($ millions) As of June 30, 2026 ($ millions) Amount xEBITDA(1) Cash & Cash Equivalents $
Slide 17: Updating 2026 Full Year Guidance
UPDATING 2026 FULL YEAR GUIDANCE 2Q26 EARNINGS PRESENTATION FULL YEAR ENDING DECEMBER 31, 2026 PREVIOUS UPDATED 3Q26 ENDING SEPTEMBER 30, 2026 Revenue $1.4B - $1.5B $1.4B - $1.5B Revenue $310M - $330M Adjusted EBITDA(1) $200M - $230M $210M - $230M Adjusted Net Income Per Common Share(1) $0.65 - $0.7
Slide 18: Disciplined Execution Supporting Sustainable Value Creation
DISCIPLINED EXECUTION SUPPORTING 2Q26 EARNINGS PRESENTATION SUSTAINABLE VALUE CREATION Capitalizing on attractive long - term solar growth Utility-scale solar remains the lowest-cost of new electricity generation globally(1) Positioned to benefit from durable demand drivers, including electrificatio
Slide 19: Appendix
APPENDIX 2Q26 EARNINGS PRESENTATION 18
Slide 20: Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. As of (in thousands, except per share and share amounts) (Unaudited) June 30, 2026 December 31, 2025 Assets Current Assets Cash and cash equivalents $ 307,302 $ 244,388 Restricted cash - 1,596 Accounts receivab
Slide 21: Condensed Consolidated Statement of Operations
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share amounts) (Unaudited) 2026 2025 2026 2025 Revenue $ 342,065 $ 362,243 $ 565,477 $ 664,606 Cost of revenue Cost of pr
Slide 22: Condensed Consolidated Statement of Cash Flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Six Months Ended June 30, (in thousands) (Unaudited) 2026 2025 Operating activities Net income $ 26,343 $ 60,008 Adjustments to reconcile net income to cash produced by operating activities: Provision
Slide 23: Adjusted Gross Profit Reconciliation
ADJUSTED GROSS PROFIT RECONCILIATION 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Three Months Ended (in thousands, except percentages) (Unaudited) June 30, 2026 March 31, 2026 June 30, 2025 Revenue $ 342,065 $ 223,412 $ 362,243 Cost of revenue 242,461 160,408 265,119 Gross profit 99,604 63,0
Slide 24: Adjusted G&A Reconciliation
ADJUSTED G&A RECONCILIATION 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Three Months Ended (in thousands) (Unaudited) June 30, 2026 March 31, 2026 June 30, 2025 General and administrative expense $ 54,325 $ 50,404 $ 44,954 Equity-based compensation (4,579) (3,941) (3,898) Certain legal expen
Slide 25: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Three Months Ended (in thousands) (Unaudited) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Net income (loss) $ 24,346 $ 1,997 $ (145,746) $ 33,503 $ 43,262 Preferred dividends and ac
Slide 26: Adjusted Net Income Reconciliation
ADJUSTED NET INCOME RECONCILIATION 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Three Months Ended (in thousands, except per share amounts) (Unaudited) June 30, 2026 March 31, 2026 June 30, 2025 Net income $ 24,346 $ 1,997 $ 43,262 Preferred dividends and accretion 15,908 15,537 14,788 Net in
Slide 27: Free Cash Flow Reconciliation
FREE CASH FLOW RECONCILIATION 2Q26 EARNINGS PRESENTATION Array Technologies, Inc. Three Months Ended (in thousands) (Unaudited) June 30, 2026 March 31, 2026 June 30, 2025 Net cash provided by (used in) operating activities $ 121,279 $ (29,421) $ 43,841 Purchase of property, plant and equipment (7,63
Slide 28: Thank You
2Q26 EARNINGS PRESENTATION THANK YOU investors@arraytechinc.com 27