The financials
Array Technologies, Inc. by the numbers
Array Technologies, Inc. (ARRY) reported revenue of $223M in Q1 2026 (quarter ended Mar 31, 2026), down 26% from the same quarter a year earlier. That came with a gross margin of 28% and net income of $2.0M (0.9% of revenue). For the full year FY2025, revenue was $1.28B (+40% year on year) and net income −$52M. Its largest segment in Jun 2026 was Array Legacy Operations at $320M, 94% of the disclosed total, well ahead of STI Operations at 6.4%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $223M | $302M | −26% |
| Gross profit | $63M | $76M | −18% |
| Operating income | $7.1M | $27M | −74% |
| Net income | $2.0M | $17M | −88% |
| Diluted EPS | −$0.09 | $0.02 | to a loss |
| Operating | Revenue | Share |
|---|---|---|
| Array Legacy Operations | $320M | 94% |
| STI Operations | $22M | 6.4% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $342.1M (+53%)
Array Legacy Operations grew +9.7% year on yearSTI Operations -69% year on year
Segment Latestquarter on quarteryear on year
- Array Legacy Operations$320.3M$320.3MQoQ +47%year on year +9.7%+47%+9.7%
- STI Operations$21.8M$21.8MQoQ +261%year on year -69%+261%-69%