Array Technologies (ARRY) Company Report

Array Technologies reported nearly $1.3 billion in revenue for full-year 2025, an exceptional 40% year-over-year increase, supported by 35% tracker volume growth.
The company closed 2025 with a record $2.2 billion order book, reflecting a 2 times book-to-bill for both total Array and its recently acquired APA business, with APA contributing approximately $100 million to the order book.
For full-year 2025, adjusted EBITDA was $188 million with a 15% margin, and adjusted diluted net income per share was $0.67, both landing within the guidance range.
For 2026, Array expects revenue between $1.4 billion and $1.5 billion, adjusted EBITDA in the range of $200 million to $230 million, and adjusted diluted earnings per share between $0.65 and $0.75.
Strategic progress includes the successful integration of the APA acquisition, which contributed $50 million to 2025 revenue, and continued investment in product innovation and selective international expansion.

2 days ago

Transcript

Array Technologies Reports Strong 2025 Results and Provides 2026 Guidance

ARRY

Earnings

Guidance Update

M&A

Array Technologies reported $1.3 billion in revenue for the full year 2025, marking a 40% year-over-year increase, supported by 35% tracker volume growth.
The company concluded 2025 with a record $2.2 billion order book, including approximately $100 million from the recently acquired APA business.
For the full year 2026, Array Technologies anticipates revenue between $1.4 billion and $1.5 billion, adjusted gross margin of 26%-27%, adjusted EBITDA of $200 million-$230 million, and adjusted diluted earnings per share between $0.65 and $0.75.
Strategic imperatives for 2026 include innovating their future, elevating their international business, and advancing a customer-first culture.
Array Technologies enhanced its capital structure, ending 2025 with over $380 million of available liquidity and subsequently upsizing its revolving credit facility to $370 million, increasing pro forma total available liquidity to nearly $600 million.

2 days ago

Transcript

Array Technologies Reports Strong 2025 Results and Provides 2026 Guidance

ARRY

Earnings

Guidance Update

M&A

Array Technologies reported nearly $1.3 billion in revenue for 2025, a 40% year-over-year increase, driven by 35% tracker volume growth. The company concluded 2025 with a record $2.2 billion order book and a 2 times book-to-bill ratio for both Array and its APA business.
For the full year 2026, Array Technologies anticipates revenue between $1.4 billion and $1.5 billion, adjusted EBITDA between $200 million and $230 million, and adjusted diluted earnings per share between $0.65 and $0.75.
The company successfully completed the APA acquisition in 2025, which contributed $50 million to full-year revenue and is expected to be in line with or slightly better than core gross margins in 2026 due to 45X filing. Array also gained market share, securing 4 gigawatts of orders from new or competitor customers in 2025.
Array strengthened its capital structure, ending 2025 with over $380 million of available liquidity and subsequently upsizing its revolving credit facility to $370 million in February 2026, bringing pro forma total available liquidity to nearly $600 million.

2 days ago

Transcript

Array Technologies Announces Q4 and Full-Year 2025 Results and 2026 Guidance

ARRY

Earnings

Guidance Update

M&A

Array Technologies reported full-year 2025 revenue of $1.3 billion, marking a 40% increase year-over-year, with Adjusted EBITDA of $187.6 million and Adjusted EPS of $0.67.
For the fourth quarter of 2025, the company recorded revenue of $226.0 million and Adjusted EBITDA of $11.2 million, resulting in an Adjusted Net Loss Per Common Share of ($0.01).
The company provided full-year 2026 guidance, projecting revenue between $1.4 billion and $1.5 billion and Adjusted EBITDA between $200 million and $230 million.
Array Technologies completed the acquisition of APA, which contributed to a record orderbook of $2.2 billion, and reported nearly $600 million in total available liquidity with a Net Debt leverage of 2.3X as of December 31, 2025.

2 days ago

Presentation

Array Technologies Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance

ARRY

Earnings

Guidance Update

New Projects/Investments

Array Technologies reported full year 2025 revenue of $1.3 billion, a 40% year-over-year increase, driven by 35% tracker volume growth.
For full year 2025, adjusted EBITDA was $188 million (15% margin), and adjusted diluted EPS was $0.67, reflecting 12% growth from the prior year.
The company ended 2025 with a record $2.2 billion order book and a 2 times book-to-bill ratio for both total Array and its APA business.
For full year 2026, Array Technologies anticipates revenue of $1.4 billion to $1.5 billion, adjusted EBITDA of $200 million to $230 million, and adjusted diluted EPS of $0.65 to $0.75.
Array Technologies strengthened its capital structure, ending 2025 with over $380 million in available liquidity, which was further boosted by an upsized revolving credit facility to $370 million on February 18th, 2026, resulting in nearly $600 million pro forma total available liquidity.

2 days ago

Transcript

Array Technologies Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance

ARRY

Earnings

Guidance Update

M&A

Array Technologies reported full-year 2025 revenue of $1,284.1 million, a 40% increase year-over-year, and a net loss to common shareholders of ($112.0 million), with Adjusted EBITDA of $187.6 million.
For the fourth quarter of 2025, revenue was $226.0 million, with a net loss to common shareholders of ($161.2 million) and Adjusted EBITDA of $11.2 million.
The company ended 2025 with a record orderbook of $2.2 billion and achieved 2x book-to-bill for both total ARRAY and APA.
Array Technologies provided full-year 2026 guidance, expecting revenue in the range of $1.4 billion to $1.5 billion and Adjusted EBITDA between $200 million and $230 million.
Strategic highlights for 2025 included the acquisition of APA Solar, expansion of the DuraTrack technology to global markets, and an enhanced product portfolio.

2 days ago

8-K

Array Technologies Upsizes and Extends Revolving Credit Facility

ARRY

Debt Issuance

New Projects/Investments

Array Technologies, Inc. (ARRY) has upsized and extended its revolving credit facility from $166 million to $370 million on February 18, 2026.
The maturity date of the revolving credit facility has been extended by over two years, from October 14, 2028 to February 18, 2031.
This amended facility enhances the company's liquidity profile and provides additional flexibility to support operational execution, working capital needs, and global growth initiatives.
The facility includes up to $250 million available for the issuances of letters of credit.

Feb 18, 2026, 9:21 PM

8-K

Array Technologies Upsizes and Extends Revolving Credit Facility

ARRY

Debt Issuance

New Projects/Investments

ARRAY Technologies, Inc. (ARRY) has upsized its revolving credit facility from $166 million to $370 million.
The maturity of the revolving credit facility has been extended by over two years, from October 14, 2028, to February 18, 2031.
The amended facility includes up to $250 million available for letters of credit and is intended to enhance liquidity and provide flexibility for operational execution, working capital, and global growth initiatives.

Feb 18, 2026, 9:15 PM

Press Release

Array Technologies Reports Strong Q3 2025 Results and Updates FY2025 Guidance

ARRY

Earnings

Guidance Update

M&A

Array Technologies reported Q3 2025 revenue of $393.5 million, representing a 70% increase year-over-year, with $16.9 million contributed by APA Solar.
Adjusted EBITDA for Q3 2025 was $72.2 million, marking a 55% year-over-year growth, and Adjusted Net Income reached $45.8 million, up 73% year-over-year.
The company updated its FY2025 guidance, projecting revenue between $1.25 billion and $1.28 billion and Adjusted EBITDA between $185 million and $195 million.
As of September 30, 2025, Array Technologies maintained $366.8 million in available liquidity and reported a $1.9 billion orderbook.

Nov 5, 2025, 10:00 PM

Presentation

Array Technologies Reports Strong Q3 2025 Financial Performance and Order Book Growth

ARRY

Earnings

Guidance Update

M&A

Array Technologies (ARRY) reported Q3 2025 revenue of $393 million, an impressive 70% year-over-year growth, and adjusted EBITDA of $72 million, representing 55% earnings growth compared to the prior year.
Year-to-date, the company has generated over $1 billion in revenue, surpassing its total annual revenue from 2024, with volume growing an impressive 74% year-over-year.
The recent APA acquisition contributed approximately $17 million to Q3 2025 revenues, and its integration is on schedule, with APA's 2025 revenue expected to see slight growth.
The quarter-ending order book reached $1.9 billion, demonstrating a book-to-bill ratio greater than 1, and new product offerings now account for nearly 40% of the order book. The company also updated its full-year 2025 financial guidance.

Nov 5, 2025, 10:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Array Technologies.

Q4 2025

Feb 25, 2026

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Q3 2025

Nov 5, 2025

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Q2 2025

Aug 7, 2025

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View All Transcripts

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Array Technologies (ARRY)

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