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ARRYArray Technologies, Inc.
$6.62$1.0B
Overview & Verdict
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ARRY logoArray Technologies, Inc.(ARRY)Earnings, Financials & Key Ratios

ARRY•NASDAQ
$6.62
Price updated Jul 7, 2026
SectorEnergyIndustrySolarSub-IndustrySolar racking, trackers and BOS components
AboutArray Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.Show more
  • Revenue$1.28B+40.2%
  • EBITDA$132M+175.6%
  • Net Income-$52M+78.3%
  • EPS (Diluted)-0.73+62.6%
  • Gross Margin21.21%-34.8%
  • EBITDA Margin10.25%+153.9%
  • Operating Margin6.57%+126.5%
  • Net Margin-4.07%+84.5%
  • ROE-19.02%+64.4%

ARRY Price & Volume

Array Technologies, Inc. (ARRY) stock price & volume — 10-year historical chart

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Project Volatility Masks Underlying Structural Margin Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:Project-based revenue volatility

Key Thesis Takeaways

  • Array Technologies faces a challenging outlook defined by inconsistent revenue cycles and significant earnings volatility, as evidenced by a 26.1% year-over-year revenue decline in 2026Q1.
  • While the company maintains a low capital intensity with CapEx/Revenue ratios consistently below 3.4%, the accumulation of a $420.9 million deficit in retained earnings suggests long-term structural profitability concerns.
  • Investors should remain cautious as the company's reliance on project-based revenue and potential goodwill impairment risks continue to threaten shareholder equity stability.

Verdict Logic

Negative: The company's fundamental instability is highlighted by a negative $420.9 million retained earnings balance and an OCF/NI ratio that reached a concerning -14.73 in 2026Q1.

ARRY Growth Metrics

Array Technologies, Inc. (ARRY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years8.03%
3 Years-7.78%
TTM13.19%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM70.34%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM54.75%

Return on Capital

10 Years4.27%
5 Years-0.06%
3 Years1.78%
Last Year8.18%

ARRY Recent Earnings

Array Technologies, Inc. (ARRY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.06+200.0%
$0.06
Rev
$223M+10.8%
$202M
Q1 2026
Feb 25, 2026
Metric
Actual
Est
EPS
$0.01-27.2%
$0.01
Rev
$226M+6.9%
$211M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.30+42.9%
$0.21
Rev
$393M+86.4%
$211M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.25+19.0%
$0.21
Rev
$362M+34.8%
$269M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.06vs $0.06+200.0%
$223Mvs $202M+10.8%
Q1 2026Feb 25, 2026
$0.01vs $0.01-27.2%
$226Mvs $211M+6.9%
Q4 2025Nov 5, 2025
$0.30vs $0.21+42.9%
$393Mvs $211M+86.4%
Q3 2025Aug 7, 2025
$0.25vs $0.21+19.0%
$362Mvs $269M+34.8%
Based on last 12 quarters of dataView full earnings history →

Latest ARRY News

Recent stock market news and headlines for Array Technologies, Inc. (ARRY)

Zacks Investment Research·Jun 26, 2026
Here's Why Array Technologies, Inc. (ARRY) Fell More Than Broader Market

In the most recent trading session, Array Technologies, Inc. (ARRY) closed at $7.12, indicating a -7.41% shift from the previous trading day.

Zacks Investment Research·Jun 16, 2026
Array Technologies, Inc. (ARRY) Dips More Than Broader Market: What You Should Know

Array Technologies, Inc. (ARRY) reached $7.86 at the closing of the latest trading day, reflecting a -2.72% change compared to its last close.

GlobeNewsWire·Jun 16, 2026
ARRAY Technologies Launches DuraTrack D2S™ Tracker, Bringing Differentiated Features of ARRAY's Trusted DuraTrack System to Dual Row Format Internationally

ALBUQUERQUE, N.M., June 16, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced the launch of ARRAY DuraTrack D2S™, an evolution of ARRAY's product portfolio.

Zacks Investment Research·Jun 15, 2026
Implied Volatility Surging for Array Technologies Stock Options

Investors need to pay close attention to ARRY stock based on the movements in the options market lately.

Peers Comparison

Key metrics vs top competitors for Array Technologies, Inc. (ARRY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ARRY logoARRYArray Technologies, Inc.Current
$6.62$1.02B-9.0740.22%-4.07%-19.02%—
SHLS logoSHLSShoals Technologies Group, Inc.
$10.04$1.68B50.2019.07%6.27%5.67%—
FTCI logoFTCIFTC Solar, Inc.
$5.00$80.03M-0.91110.51%-42.13%——
FSLR logoFSLRFirst Solar, Inc.
$227.72$24.47B16.0324.09%30.73%18.01%—
ENPH logoENPHEnphase Energy, Inc.
$42.99$5.67B33.3310.72%9.64%13.28%—
SEDG logoSEDGSolarEdge Technologies, Inc.
$52.94$3.22B-7.6731.39%-28.56%-79.58%—

Compare ARRY vs Peers

Array Technologies, Inc. (ARRY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SHLS

Most directly comparable listed peer for ARRY.

Scale Benchmark

vs NEE

Larger-name benchmark to compare ARRY against a more recognizable public peer.

Peer Set

Compare Top 5

vs SHLS, FTCI, FSLR, ENPH

ARRY SEC Filings & Documents

Array Technologies, Inc. (ARRY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 25, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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ARRY Frequently Asked Questions

Array Technologies, Inc. (ARRY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Array Technologies, Inc.'s revenue?

Array Technologies, Inc. (ARRY) reported $1.21B in revenue for fiscal year 2025. This represents a 314% increase from $290.8M in 2018.

How fast is Array Technologies, Inc. growing?

Array Technologies, Inc. (ARRY) grew revenue by 40.2% over the past year. This is strong growth.

Is ARRY profitable?

Array Technologies, Inc. (ARRY) reported a net loss of $67.0M for fiscal year 2025.

Dividend & Returns
What is ARRY's return on equity?

Array Technologies, Inc. (ARRY) has a return on equity (ROE) of -19.0%. Negative ROE indicates the company is unprofitable.

What is Array Technologies, Inc.'s free cash flow?

Array Technologies, Inc. (ARRY) generated $58.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ARRY back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →