Array Technologies, Inc.

Array Technologies, Inc.

5.86
USD
+0.56
(+10.47%)
-0.56EPS
1.14BMarket Cap
Mar 03Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.29
5.4
7.18
6.56
10.93
10.44
6.03
8.42
- -
Basic EPS, GAAP
-0.48
0.33
0.49
-0.51
-0.29
0.57
-1.95
-0.73
- -
Free Cash Flow per Basic Share
-0.14
3.2
-1.02
-2.05
0.87
1.42
0.89
0.52
- -
Dividend per Share
- -
- -
- -
0.06
0.12
- -
- -
- -
- -
Book Value per Share
2.08
2.4
-0.64
-0.51
0.83
1.71
-0.78
-1.35
- -
Tangible Book Value per Share
-0.43
0.09
-2.75
-2.32
-4.51
-3.51
-3.03
-3.8
- -
Basic Weighted Avg Shares
127
120
121
130
150
151
152
153
153
Sales/Revenue/Turnover
291
648
873
853
1,638
1,577
916
1,284
- -
Operating Margin (%)
-21.33
12.97
13.94
-2.58
-1.38
13.77
11.03
5.74
- -
Depreciation Expense
28
27
27
26
101
55
53
47
- -
Net Income, GAAP
-61
40
59
-50
4
137
-240
-52
- -
Effective Tax Rate (%)
- -
38.46
24.05
- -
- -
22.53
- -
- -
- -
Profit Margin (%)
-20.9
6.13
6.77
-5.91
0.27
8.71
-26.25
-4.07
- -
Working Capital
39
29
86
607
366
497
561
492
- -
LT Debt
96
- -
424
711
720
661
662
748
- -
Total Equity
264
305
-81
168
424
611
289
260
- -
Return on Invested Capital (%)
- -
12.45
19.02
- -
- -
13.02
- -
- -
- -
Return on Capital (%)
- -
12.48
18.81
- -
- -
13.53
- -
- -
- -
Return on Common Equity (%)
- -
13.95
- -
- -
- -
44.61
- -
- -
- -

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
17
7
- -
LT Borrowings
657
658
- -
LT Finance Leases
89
88
- -
Preferred Equity and Hybrid Capital
482
498
- -
Shares Outstanding
154
154
154
Market Capitalization
1,111
1,141
622

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
879
892
- -
Cash, Cash Equivalents & STI
201
307
- -
Accounts Receivable, Net
292
323
- -
Inventories
168
156
- -
Total Current Liabilities
390
406
- -
Payables & Accruals
211
266
- -
ST Debt
17
7
- -
Deferred Revenue
139
105
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-34.91%
-9.85%
Free Cash Flow
- -
-9.43%
-41.05%
Net Income, GAAP
- -
469.81%
-78.27%
Sales/Revenue/Turnover
- -
16.85%
40.22%
Total Cash Common Dividend
- -
- -
7.41%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
153
256
231
275
916
2025
302
362
393
226
1,284
2026
223
342
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.07
0.08
-1.02
-0.93
-1.95
2025
0.02
0.19
0.12
-1.06
-0.73
2026
-0.09
0.05
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Kevin George Hostetler
Full Time Employees
1,200
Sector
Producer manufacturing
Industry
Electrical products
Address
3901 Midway Place NE Albuquerque NM United States 87109
IPO Date
Oct 15, 2020
Business
Array Technologies, Inc. (NASDAQ: ARRY) manufactures and sells utility-scale solar tracking systems and related software solutions for solar photovoltaic projects worldwide. The company offers a comprehensive portfolio of products including the DuraTrack HZ v3 and DuraTrack multi-row single-axis trackers, designed for high reliability, rapid installation, and performance in extreme weather; the STI H250 dual-row tracker system, optimized for irregular terrain and bifacial modules with one motor driving up to 120 modules; the OmniTrack tracker, providing enhanced north-south terrain flexibility and reduced site grading; the SkyLink photovoltaic-powered control tracker system with passive wind mitigation and wireless communication; the DuraTrack Hail XP, featuring steep hail protection angles against storms exceeding three inches in diameter; SmarTrack software platform with machine learning for energy optimization, weather risk management, and NERC-CIP cybersecurity compliance; APA foundations including ground screws, helicals, c-piles, and ballast systems for diverse soil conditions; and field services encompassing project management, design, installation training, and technician support. Array Technologies operates in key markets across the United States, Spain, Brazil, Australia, Europe, Latin America, the Middle East, and other international regions, serving utility-scale developers, EPC firms, and asset owners focused on optimizing levelized cost of energy through efficient ground-mounting systems. Founded in 1987 and headquartered in Albuquerque, New Mexico, the company conducts business through Array Legacy Operations and STI Operations segments. In a significant strategic expansion during 2025, Array Technologies entered a definitive agreement to acquire APA Solar, LLC for approximately $179 million, integrating engineered foundation and fixed-tilt racking solutions to offer comprehensive tracker-plus-foundation platforms while enhancing domestic content compliance. This acquisition, anticipated to close in the third quarter of 2025, advances the company's balance-of-systems strategy and positions it to deliver expanded value in utility-scale solar projects.

Company News

  • What Array Digital Infrastructure (AD) Said on Its Q3 Earnings Call

  • Array Digital Infrastructure (AD) Q3 Earnings and Revenues Beat Estimates

  • Array reports third quarter 2026 results

  • Array Technologies, Inc. (ARRY) M&A Call Transcript

  • Array Technologies, Inc. (ARRY) Misses Q3 Earnings Estimates

  • ARRAY Technologies Reports Financial Results for the Third Quarter 2026

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  • Array Technologies, Inc. (ARRY) Stock Drops Despite Market Gains: Important Facts to Note

  • Array Technologies: The Cash Flow Problem Behind Its $2.5 Billion Orderbook

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  • Array Technologies, Inc. (ARRY) Suffers a Larger Drop Than the General Market: Key Insights

  • ARRAY Technologies Announces Third Quarter 2026 Earnings Release Date and Conference Call

  • AD INVESTOR NOTICE: Kaskela Law Firm Announces Shareholder Investigation into Array Digital Infrastructure (AD) and Encourages Investors with Losses to Contact the Firm

  • Implied Volatility Surging for Array Technologies Stock Options

  • Array Technologies, Inc. (ARRY) Stock Sinks As Market Gains: Here's Why

  • Array Digital Transitions to a Tower-Focused Business: Worth a Buy?

  • Array Technologies, Inc. (ARRY) Dips More Than Broader Market: What You Should Know

  • Here's Why Array Technologies, Inc. (ARRY) is a Strong Value Stock

  • Why Array Technologies, Inc. (ARRY) Dipped More Than Broader Market Today

  • Array Technologies, Inc. (ARRY) Advances While Market Declines: Some Information for Investors