The earnings call reflects strong financial performance with significant revenue and volume growth, improved profitability, and successful capital restructuring. However, challenges such as tariff impacts, regulatory uncertainties, and international market pressures remain notable concerns.

Company Guidance

In the second quarter of 2025, Array Technologies reported strong financial performance with revenue reaching $362 million, marking a 42% year-over-year increase and a 20% sequential rise. The company saw its highest volume growth in two years, with over 50% year-over-year volume growth in the quarter and an impressive 84% increase in the first half of 2025. Gross profit margins improved quarter-over-quarter, despite the impacts of incremental tariffs. Net income to common shareholders soared by over 138% compared to the previous year, reaching $28 million. Adjusted EBITDA also exceeded expectations at $64 million. Array raised its full-year 2025 revenue guidance to a range of $1.18 billion to $1.215 billion, reflecting increased confidence in its booking momentum and operational execution. The order book stands at $1.8 billion, with $645 million of performance obligations, and the company projects adjusted gross margins between 28% and 29% for the year.

Record-Breaking Volume Growth

Second quarter revenue of $362 million, representing a 42% increase from the prior year, and a 20% sequential increase. Volume growth was over 50% year-over-year, with first half 2025 volume up 84% year-over-year.

Net Income and EBITDA Surge

Net income to common shareholders was $28 million, a 138% increase compared to last year. Adjusted EBITDA was $64 million, outperforming expectations.

Strong Cash and Liquidity Position

Ended the quarter with $377 million in total cash on hand and total liquidity above $500 million, including availability under an undrawn revolver.

Successful Capital Structure Optimization

Issuance of $345 million of new convertible notes was used to repay existing debt, reducing annualized cash interest expense by $9 million and extending debt maturity.

Positive Market Share and New Product Adoption

OmniTrack and SkyLink products now constitute more than 35% of the order book, indicating strong market adoption.

Array Technologies (ARRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ARRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.19 / -	0.17	―	―	―
Aug 07, 2025	2025 (Q2)	0.18 / 0.25	0.2	25.00% (+0.05)
May 06, 2025	2025 (Q1)	0.08 / 0.13	0.06	116.67% (+0.07)
Feb 27, 2025	2024 (Q4)	0.17 / 0.16	0.21	-23.81% (-0.05)
Nov 07, 2024	2024 (Q3)	0.13 / 0.17	0.21	-19.05% (-0.04)
Aug 08, 2024	2024 (Q2)	0.11 / 0.20	0.47	-57.45% (-0.27)
May 09, 2024	2024 (Q1)	-0.03 / 0.06	0.25	-76.00% (-0.19)
Feb 27, 2024	2023 (Q4)	0.11 / 0.21	0.1	110.00% (+0.11)
Nov 07, 2023	2023 (Q3)	0.13 / 0.21	0.19	10.53% (+0.02)
Aug 08, 2023	2023 (Q2)	0.18 / 0.47	0.09	422.22% (+0.38)

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
Aug 07, 2025	$5.84	$5.50	-5.82%
May 06, 2025	$4.93	$5.15	+4.46%
Feb 27, 2025	$6.55	$5.28	-19.39%
Nov 07, 2024	$6.20	$6.04	-2.58%

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.