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Array Technologies (ARRY)
NASDAQ:ARRY
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.13Same Quarter Last Year
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial momentum and clear progress: exceptional top-line growth (40% YoY), a record $2.2 billion order book, successful APA integration and improved liquidity and adjusted profitability. Management acknowledged margin headwinds driven largely by the falloff of a prior-year 45X amortization benefit, one-time STI-related charges, rising commodity costs and international market softness. Guidance for 2026 shows continued revenue growth and stable adjusted margins (26%–27%) with improving operational leverage over time. Overall, the positives (robust growth, bookings, product roadmap, APA synergies and stronger balance sheet) outweigh the near-term accounting-driven and cyclical challenges, supporting a constructive outlook.Company Guidance
Record Revenue and Strong Volume Growth
Full year 2025 revenue of nearly $1.3 billion, up 40% year-over-year, supported by a 35% increase in tracker volume.
Record Order Book and Booking Momentum
Closed 2025 with a record $2.2 billion order book, ~2x book-to-bill for both Array and APA, and highest quarterly new bookings since 2023; APA contributes approximately $100 million to the order book.
APA Acquisition Integration and Contribution
APA acquisition completed and integrated; APA contributed $50 million to full-year revenue ($33 million in Q4), delivered EBITDA accretion (immediately accretive to EBITDA in 2025) and expanded product portfolio (foundations / fixed tilt).
Profitability on an Adjusted Basis
Adjusted gross profit of $347 million and adjusted gross margin of 27%; adjusted EBITDA of $188 million (15% margin); adjusted net income of $103 million, representing 13% year-over-year growth; adjusted diluted EPS $0.67, up 12%.
Improved Liquidity and Capital Structure
Ended year with over $380 million available liquidity and net debt leverage of 2.3x trailing 12-month adjusted EBITDA; revolver upsized to $370 million (from $166 million) on Feb 18, bringing pro forma total available liquidity near $600 million.
Clear 2026 Financial Guidance and Growth Outlook
2026 guidance: revenue $1.4B–$1.5B, adjusted gross margin 26%–27%, adjusted EBITDA $200M–$230M, adjusted diluted EPS $0.65–$0.75; management states margins roughly flat at midpoint excluding prior year 45X amortization effect.
Product and Technology Development
Multiple innovation initiatives: global rollout of DuraTrack, next-generation terrain-following for OmniTrack, new U.S. tracker version, planned integrated tracker-plus-foundation product in H2 2026, and accelerating SmartTrack software/service subscription adoption and retrofit opportunities.
Commercial and Customer Quality Improvements
Order book composition improved: ~95% domestic, over 50% direct to Tier 1 customers; >20% growth in early-stage domestic project bids and multi-project/multi-gigawatt deal activity; 4 GW of orders from customers new to Array in 2025 (market share gains).
Operational Progress and Cost Discipline
Adjusted SG&A improved to $163 million (12.7% of revenue) from 15.4% prior year, moving toward 10% target; investments in supply chain (Asia center of excellence) and a new Albuquerque facility to support manufacturing and 45X capture.
ARRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $11.00 | ― | ― |
Nov 05, 2025 | $8.32 | $8.37 | +0.60% |
Aug 07, 2025 | $5.84 | $5.50 | -5.82% |
May 06, 2025 | $4.93 | $5.15 | +4.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Array Technologies (ARRY) report earnings?
Array Technologies (ARRY) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Array Technologies (ARRY) earnings time?
Array Technologies (ARRY) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARRY EPS forecast?
ARRY EPS forecast for the fiscal quarter 2026 (Q1) is 0.02.
