The financials
Array Technologies, Inc. by the numbers
Array Technologies, Inc. (ARRY) reported revenue of $223M in Q1 2026 (quarter ended March 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 2026-Q1 was Array Legacy Operations at $217M, 97% of the disclosed total, just ahead of STI Operations at 2.7%.
| 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 | $217M | 97% |
| STI Operations | $6.0M | 2.7% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $223.4M (-43%)
Array Legacy Operations grew +2.0% year on yearSTI Operations -93% year on year
Segment Latestquarter on quarteryear on year
- Array Legacy Operations$217.4M$217.4MQoQ -38%year on year +2.0%-38%+2.0%
- STI Operations$6.0M$6.0MQoQ -85%year on year -93%-85%-93%