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Array Technologies, Inc.

ARRY

Array Technologies is a leading global provider of solar tracking technology and fixed-tilt systems for utility-scale and distributed generation solar projects.

Market cap
$979.87M-15.9%
Revenue$1.2B+13.2%
Net income-$67.0M+70.3%
Free cash flow$58.3M-32.3%
EPS (diluted)-$0.83+55.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$318.1M
EPS estimate$0.10

Financials

Q1 2026

Income statement

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Revenue$223.4M-26.1%
Gross profit$63.0M-17.6%
Operating income$7.1M-73.9%
Net income$2.0M-88.1%
EPS (diluted)-$0.09-550%

Balance sheet

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Cash & equivalents$202.0M-42.2%
Total debt$763.2M+12.4%
Total equity-$214.4M-119%
Total assets$1.5B+3.5%

Cash flow

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Operating cash flow-$29.4M-125%
CapEx$7.5M+219%
Free cash flow-$36.9M-140%

Valuation & ratios

Valuation

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Market cap$979.87M-15.9%
Enterprise value$1.54B+7.2%
P/S0.8×-0.1×

Profitability

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Gross margin23.7%-6.3pp
Operating margin-4.1%-1.8pp
Net margin-5.6%-2.4pp
FCF margin4.8%-3.3pp

Returns & leverage

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Current ratio2.3×-0.1×

Segments

By segment

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Array Legacy Operations$217.4M+2.0%
STI Operations$6.0M-93.2%

Competitors

Profile

Array Technologies is a leading global provider of solar tracking technology and fixed-tilt systems for utility-scale and distributed generation solar projects. The company specializes in integrated hardware and software solutions that optimize energy production by orienting solar panels toward the sun throughout the day. Its value proposition centers on reducing the levelized cost of energy through patented designs that minimize installation time, maintenance requirements, and weather-related risks.

Competitive position

A leading global provider of solar tracking technology with a significant patent-protected advantage in linked-row, rotating gear drive systems.

GeographiesUnited States, Spain, Brazil, Australia, Latin America, Europe, Middle East, Asia
Customer segmentsUtilities, Independent Power Producers, EPC Contractors, Solar Developers
Business modelManufacturing, Hardware-as-a-Service, Software-enabled hardware
SuppliersSteel tubing suppliers, Electric motor manufacturers, Gearbox and electronic controller suppliers, Steel support fabricators
CustomersUtility companies, Solar project developers, EPC contractors, Independent power producers
Listed2020
Employees975.0
CEOKevin G. Hostetler
SectorEnergy
IndustrySolar
FilingsSEC EDGAR

Questions, answered.

What is Array Technologies, Inc.'s market cap?
Array Technologies, Inc. (ARRY) has a market capitalization of $979.9M and trades on NASDAQ.
What is Array Technologies, Inc.'s revenue and profitability?
Array Technologies, Inc. generated $1.2B in trailing twelve-month revenue with a net loss of $67.0M, representing a net margin of -5.6%. Gross margin stands at 23.7%, with free cash flow of $58.3M. These figures are based on the Q1 2026 filing.
Who are Array Technologies, Inc.'s competitors?
Array Technologies, Inc.'s key competitors include FTC Solar, Inc., Nextracker Inc., Gibraltar Industries, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Array Technologies, Inc. have?
Array Technologies, Inc.'s subsidiaries include Soluciones Técnicas Integrales Norland, S.L.U., STINorland USA, Inc., APA.
Where is Array Technologies, Inc. headquartered?
Array Technologies, Inc. is headquartered in United States of America and employs approximately 975 people. It has been publicly traded since 2020.