Array Technologies (ARRY)
Builds solar trackers, foundations, software, and field support for utility-scale PV projects.
$3.99
After hours+0.03 (+0.63%)
At close$3.97(−2.58%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 350 | 342 | 153 | 256 | 231 | 275 | 302 | 362 | 393 | 226 | 223 | 342 |
| Cost of revenue | 263 | 257 | 98 | 170 | 153 | 197 | 226 | 265 | 288 | 207 | 160 | 242 |
| Gross profit | 87 | 84 | 55 | 86 | 78 | 78 | 76 | 97 | 106 | 19 | 63 | 100 |
| 47 | 54 | 47 | 46 | 211 | 221 | 49 | 51 | 59 | 66 | 58 | 65 | |
| Research & development | 0 | 0 | 0 | 0 | 0 | 32 | 0 | 0 | 0 | 0 | 0 | 0 |
| 37 | 44 | 38 | 37 | 40 | 46 | 44 | 45 | 52 | 57 | 50 | 54 | |
| General & administrative | 37 | 44 | 38 | 37 | 40 | 46 | 44 | 45 | 52 | 57 | 50 | 54 |
| Other expenses | 10 | 10 | 9 | 9 | 171 | 143 | 5 | 6 | 7 | 8 | 8 | 11 |
| Operating income | 40 | 30 | 8 | 40 | −133 | −142 | 27 | 47 | 46 | −46 | 5 | 35 |
| −10 | −7 | −5 | −6 | −5 | −8 | −4 | 10 | −3 | −106 | 0 | −3 | |
| Interest income | 3 | 2 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 2 | 2 | 2 |
| Interest expense | 13 | 9 | 9 | 9 | 8 | 9 | 8 | 9 | 5 | 5 | 6 | 6 |
| Other non-operating income | −3 | −2 | −4 | −3 | 13 | −1 | −4 | −19 | −2 | 101 | −5 | 0 |
| Income before tax | 30 | 23 | 3 | 34 | −138 | −150 | 23 | 57 | 43 | −153 | 4 | 32 |
| Income tax expense | 7 | 0 | 1 | 8 | 4 | −23 | 7 | 14 | 10 | −7 | 2 | 7 |
| Net income from continuing operations | 23 | 23 | 2 | 26 | −141 | −127 | 17 | 43 | 34 | −146 | 2 | 24 |
| Net income | 23 | 23 | 2 | 26 | −141 | −127 | 17 | 43 | 34 | −146 | 2 | 24 |
| EPS, basic | $0.07 | $0.04 | −$0.07 | $0.08 | −$1.02 | −$0.93 | $0.02 | $0.19 | $0.12 | −$1.06 | −$0.09 | $0.05 |
| EPS, diluted | $0.07 | $0.04 | −$0.07 | $0.08 | −$1.02 | −$0.93 | $0.02 | $0.19 | $0.12 | −$1.06 | −$0.09 | $0.05 |
| Weighted average shares, basic | 151 | 151 | 151 | 152 | 152 | 152 | 152 | 153 | 153 | 153 | 153 | 154 |
| Weighted average shares, diluted | 152 | 152 | 151 | 152 | 152 | 152 | 153 | 153 | 154 | 153 | 153 | 156 |
| EBITDA | 57 | 46 | 26 | 55 | −137 | −128 | 41 | 76 | 61 | −132 | 25 | 50 |
| Depreciation & amortization | 14 | 14 | 14 | 13 | 9 | 13 | 10 | 10 | 12 | 16 | 15 | 16 |
| EBIT | 43 | 32 | 12 | 42 | −146 | −141 | 31 | 66 | 48 | −147 | 10 | 34 |
