Array Technologies Inc ( (ARRY) ) has released its Q3 earnings. Here is a breakdown of the information Array Technologies Inc presented to its investors.
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Array Technologies, Inc. is a prominent global provider of solar tracking technology and fixed-tilt systems, catering to utility-scale and distributed generation customers with solutions designed to optimize energy production and withstand harsh weather conditions.
In its latest earnings report for the third quarter of 2025, Array Technologies, Inc. announced a significant increase in revenue and volume, with year-to-date revenue up by 65% and volume up by 74%. The company also completed the acquisition of APA Solar, enhancing its portfolio of solar solutions.
Key financial highlights include a revenue of $393.5 million, with APA contributing $16.9 million. The company reported a gross margin of 26.9% and an adjusted gross margin of 28.1%. Net income to common shareholders was $18.4 million, with an adjusted EBITDA of $72.2 million. The net income per basic and diluted share stood at $0.12, while the adjusted net income per diluted share was $0.30.
Looking ahead, Array Technologies is optimistic about its growth prospects, expecting continued momentum into 2026. The company anticipates further expansion with the integration of APA Solar and the launch of new integrated solutions, reinforcing its competitive edge in the solar industry.