NASDAQ$ARRY
Array Technologies Inc · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Array Technologies reported Q3 2025 revenue of $393.5M with net income of $33.5M and diluted EPS of $0.12.
Third-quarter revenue increased to $393.5 million from $231.4 million a year ago on higher solar tracker shipments. Net income was $33.5 million and diluted EPS was $0.12 after prior-year losses. The company discussed project timing, tariffs, and convertible note capped calls.
- Q3 revenue $393.5M (+70% YoY).
- Net income $33.5M; diluted EPS $0.12.
- Nine-month revenue $1.06B; net income $93.5M.
- Solar tracker demand and supply chain costs in outlook.
Headline financials
Revenue & EPS history
Array Technologies · Revenue · Quarterly
$393M
Revenue by segment
Array Technologies · $362M total across 2 segments · Q2 2025
- Array Legacy Operations$292M—80.6%
- STI Operations$70.4M—19.4%
Forward guidance
Array discussed a robust solar tracker backlog, tariff and supply-chain actions, and project delivery timing for 2025–2026. The company manages convertible note dilution with capped call overlays and focuses on utility-scale deployment in the U.S. and abroad.
Tailwinds
- Q3 revenue +70% YoY on higher shipments.
- Returned to GAAP profitability in Q3 and nine months.
- Solar demand and IRA-related tailwinds cited.
- Capped calls mitigate dilution from convertible notes.
Headwinds
- Tariffs and logistics costs can pressure margins.
- Project delays affect quarterly revenue recognition.
- Convertible debt and acquisition-related charges.
- Competitive pricing in tracker market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
-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
| Quarter | Report date | Reaction (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% | |
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| Q2 2015 | — | — | — |
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