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Array Technologies, Inc. ARRY Array Legacy Operations — Product cost

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Other financials

Income statement

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Revenue$342.1M-5.6%
Gross profit$99.6M+2.6%
Operating income$34.8M-25.0%
Net income$24.3M-43.7%
EPS (diluted)$0.05-73.7%

Balance sheet

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Cash & equivalents$307.3M-18.9%
Total debt$752.9M+8.5%
Total equity-$202.1M-185%
Total assets$1.5B-0.5%

Cash flow

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Operating cash flow$121.3M+177%
CapEx$7.6M+15.1%
Free cash flow$113.6M+205%

Valuation

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Market cap$808.54M+2.1%
Enterprise value$1.25B+12.9%
P/S0.7×0.0×

Profitability

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Gross margin24.3%-3.9pp
Operating margin-5.1%-2.1pp
Net margin-7.2%-2.7pp
FCF margin11.4%+1.0pp

Returns & leverage

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Return on equity-64.1%
Debt / equity10.5×+7.4×
Current ratio2.2×0.0×

Where this comes from

Reported directly by Array Technologies, Inc. in its filing.

Tagged under the XBRL concept arry:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortizationAdjusted.

The source filing: Array Technologies, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053517
Line itemArray Legacy OperationsSTI OperationsConsolidated
Segment revenue$320,308$21,757$342,065
Less:
Product cost(1)189,56520,305209,870
Amortization of developed technology and backlog5,6155,615
Depreciation2,02612,027
Other costs(2)24,61733224,949
Gross profit98,4851,11999,604
Total operating expenses(64,839)

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Array Technologies, Inc.'s array legacy operations — product cost?
Array Technologies, Inc. (ARRY) reported array legacy operations — product cost of $189.57M in Q2 2026.
How has Array Technologies, Inc.'s array legacy operations — product cost changed year-over-year?
Array Technologies, Inc.'s array legacy operations — product cost decreased by 2.1% year-over-year, from $193.62M to $189.57M.
What is the long-term trend for Array Technologies, Inc.'s array legacy operations — product cost?
Over 3 years (2022 to 2025), Array Technologies, Inc.'s array legacy operations — product cost has grown at a -12.4% compound annual growth rate (CAGR), from $1.05B to $704.43M.
What does array legacy operations — product cost mean?
This captures the direct costs associated with manufacturing and delivering the solar tracking products within the Array Legacy Operations segment, including raw materials and direct labor. Monitoring this metric is essential for evaluating the production efficiency and direct margin performance of this specific business unit.

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