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Segments

By segment

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Array Legacy Operations$98.49M+17.2%
STI Operations$1.12M-91.5%

Other financials

Income statement

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Revenue$342.1M-5.6%
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-7.5%
Enterprise value$1.25B+5.5%
P/S0.7×-0.1×

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

Calculated from Array Technologies, Inc.’s reported figures.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of product and service revenue236,846261,479391,640483,775
Amortization of developed technology and backlog5,6153,64011,2297,279
Total cost of revenue242,461265,119402,869491,054
Gross profit99,60497,124162,608173,552
Operating expenses
General and administrative54,32544,954104,72988,899
Change in fair value of contingent consideration2,441150(145)
Depreciation and amortization8,0735,64416,15010,993

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Array Technologies, Inc.'s gross profit?
Array Technologies, Inc. (ARRY) reported gross profit of $99.6M in Q2 2026.
How has Array Technologies, Inc.'s gross profit changed year-over-year?
Array Technologies, Inc.'s gross profit increased by 2.6% year-over-year, from $97.12M to $99.6M.
What is the long-term trend for Array Technologies, Inc.'s gross profit?
Over 4 years (2021 to 2025), Array Technologies, Inc.'s gross profit has grown at a 42.4% compound annual growth rate (CAGR), from $72.57M to $298.55M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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