NASDAQ$ARRY

Array Technologies Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Array Technologies Inc reported Q2 2025 results with revenue of $362.2 million and net income of $43.3 million.

Array Technologies reported revenue of $362.2 million for the three months ended June 30, 2025, up 42% year-over-year, driven primarily by higher volumes in its Array Legacy Operations segment. The company achieved operating income of $46.4 million and net income of $43.3 million, supported by a gain on debt extinguishment. Gross profit increased to $97.1 million despite margin pressure from lower average selling prices.

  • Q2 revenue reached $362.2 million, a 42% increase from Q2 2024, with Array Legacy Operations contributing $291.9 million.
  • Operating income was $46.4 million and net income totaled $43.3 million, including a $14.2 million gain on debt extinguishment.
  • Gross margin declined to 26.8% from 33.6% year-over-year due to lower average selling prices and higher costs.
  • Cash and cash equivalents stood at $377.3 million as of June 30, 2025, with total assets at $1.54 billion.

Headline financials

Total Revenue

$362M

Previous: $256M+41.6%
EPS (adj)

$0.19

Previous: $0.08+137.5%
Capital Expenditures

-$8.98M

Previous: -$4.53M-98.4%
Net Income

$43.3M

Previous: $25.7M+68.3%
Operating Income

$46.4M

Previous: $39.6M+17.1%
Gross Profit

$97.1M

Previous: $86M+13.0%
Cash & Equivalents

$377M

Previous: $282M+33.6%
Total Assets

$1.54B

Previous: $1.65B-6.6%

Revenue & EPS history

Array Technologies · Revenue · Quarterly

$362M

Q2 2025+41.6%vs Q2 2024
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Array Technologies · $362M total across 2 segments · Q2 2025

  • Array Legacy Operations
    $292M—
  • STI Operations
    $70.4M—

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+3.3%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+29.5%

Q3 2021

Best reaction

-45.9%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-0.6%+6.5%-1.2%
Q4 2025-33.9%-31.8%-33.4%
Q3 2025+2.0%+0.5%-5.4%
Q1 2025+3.9%+20.7%+50.1%
Q3 2024+1.7%+10.9%-5.4%
Q2 2024-18.0%-19.1%-26.3%
Q1 2024+2.0%+0.9%+7.4%
Q4 2023+5.2%+5.5%+11.3%
Q3 2023-16.6%-22.2%-11.8%
Q2 2023+25.0%+32.9%+33.9%
Q1 2023-0.1%+17.7%+22.2%
Q4 2022+13.9%+7.2%+21.7%
Q3 2022+20.9%+29.0%+32.0%
Q2 2022+26.2%+24.7%+14.1%
Q1 2022-12.2%-3.1%+84.4%
Q4 2021-7.5%-22.1%-23.2%
Q3 2021+29.5%+30.0%-15.8%
Q2 2021+14.0%+13.0%+16.1%
Q1 2021-45.9%-42.8%-34.4%
Q1 2020-45.9%-42.8%-34.4%
Q2 2020+0.1%+0.9%-14.9%
Q4 2020+0.7%+3.8%-9.2%
Q4 2019+4.1%+17.2%+5.3%
Q3 2020+24.7%+10.5%-5.1%
Q3 2019———
Q2 2019———
Q1 2019———
Q4 2018———
Q3 2018———
Q2 2018———
Q1 2018———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———

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