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Array Technologies, Inc. ARRY STI Operations — D&A

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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:DepreciationDepletionAndAmortizationAdjusted.

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
Total operating expenses(64,839)
Total other expense, net(3,042)
Income before income taxes$31,723
Segment assets1,306,579227,4571,534,036
Capital expenditures7,6337,633
Depreciation and amortization12,7742,94115,715
Interest income1,9724302,402
Interest expense5,4932935,786

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Array Technologies, Inc.'s STI operations — D&A?
Array Technologies, Inc. (ARRY) reported STI operations — D&A of $2.94M in Q2 2026.
How has Array Technologies, Inc.'s STI operations — D&A changed year-over-year?
Array Technologies, Inc.'s STI operations — D&A increased by 2.4% year-over-year, from $2.87M to $2.94M.
What is the long-term trend for Array Technologies, Inc.'s STI operations — D&A?
Over 3 years (2022 to 2025), Array Technologies, Inc.'s STI operations — D&A has grown at a -46.6% compound annual growth rate (CAGR), from $75.1M to $11.44M.
What does STI operations — D&A mean?
This represents the non-cash expense allocated to the STI Operations segment for the systematic reduction in the value of tangible and intangible assets over their useful lives. It reflects the consumption of capital investments required to support solar tracker manufacturing and operational activities. Monitoring this helps investors understand the capital intensity and asset replacement cycle of the segment.

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