Array Technologies demonstrated robust revenue and volume growth, with significant product innovation and a strong cash position. However, challenges such as gross margin compression, regulatory uncertainties, and international market difficulties present obstacles. While the highlights show promising growth and product adoption, the lowlights indicate significant external challenges.

Company Guidance -

Q3 2025

During Array Technologies' first quarter 2025 earnings call, the company provided robust financial guidance for the year, maintaining its full-year 2025 revenue outlook of $1.05 billion to $1.15 billion, despite market uncertainties. The first quarter saw significant achievements, including a 143% increase in volume growth compared to the prior year and revenue reaching $302 million, marking a 97% increase year-over-year. Adjusted gross margin was reported at 26.5%, with a strong cash position of $348 million at the end of the quarter. The company's order book remained resilient at $2 billion, with 40% of this to be delivered in the remaining quarters of 2025. Additionally, Array Technologies expects full-year adjusted EBITDA to be between $180 million and $200 million, with adjusted diluted earnings per share anticipated to range from $0.60 to $0.70. The company also highlighted ongoing discussions with customers about long-term volume commitment agreements (VCAs) and emphasized its strategic focus on product innovation and operational efficiency.

Strong Revenue Growth

Array Technologies reported a 97% increase in revenue to $302 million in Q1 2025 compared to the prior year, and a 10% increase sequentially from Q4 2024.

Significant Volume Growth

Volume growth of 143% over the prior year first quarter, marking the second-largest quarter of volume shipped since Q2 2023.

Resilient Order Book

Maintained a $2 billion order book with an 18% increase in new contracts compared to Q4 2024.

Innovative Product Launches

OmniTrack and SkyLink accounted for 15% of revenue in Q1 and 30% of new bookings, showcasing strong market adoption.

Strong Cash Position

The company ended the quarter with $348 million in cash and total liquidity of $510 million, including an undrawn revolver.

Array Technologies (ARRY) Earnings, Revenues Date & History

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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)	0.17 / -	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
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%
Aug 08, 2024	$8.99	$7.10	-21.02%

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.