Array Technologies reported $414M of remaining performance obligations at 30 Jun 2026, down 36% from a year earlier and down 24% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.62.
Net new backlog added in the latest quarter: -$130M.
Over the last twelve months it turned about 218% of its opening backlog into revenue (12-month conversion).
99% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 25.4% of the backlog.
Twelve-month book-to-bill: 0.81, i.e. 0.81 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -37 points — revenue is catching up with orders.
By backlog size it ranks 330th among US filers the cockpit tracks.
Array Technologies backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Jun 2026
$414M
$1.19B
0.3 yrs
$105M
31 Mar 2026
$544M
$1.21B
0.5 yrs
$138M
31 Dec 2025
$594M
$1.28B
0.5 yrs
$128M
30 Sep 2025
$401M
$1.33B
0.3 yrs
$95.4M
30 Jun 2025
$644M
$1.17B
0.6 yrs
$152M
31 Mar 2025
$631M
$1.06B
0.6 yrs
$120M
31 Dec 2024
$594M
$916M
0.6 yrs
$120M
30 Sep 2024
$467M
$982M
0.5 yrs
$113M
30 Jun 2024
$334M
$1.10B
0.3 yrs
$91.0M
31 Mar 2024
$397M
$1.35B
0.3 yrs
$86.6M
31 Dec 2023
$377M
$1.58B
0.2 yrs
$66.5M
30 Sep 2023
$336M
$1.64B
0.2 yrs
$101M
Questions
What is Array Technologies's backlog?
Array Technologies reported $414M of remaining performance obligations at 30 Jun 2026, down 36% from a year earlier and down 24% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.62.
How fast does Array Technologies's backlog turn into revenue?
Over the last twelve months Array Technologies recognised revenue equal to about 218% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.