NASDAQ$ARRY

Array Technologies Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Array Technologies reported Q4 2025 revenue of $226.0 million with a record order backlog of $2.2 billion and 2026 revenue guidance of $1.4–1.5 billion.

Array posted Q4 2025 revenue of $226.0 million as part of full-year revenue of $1,284.1 million (+40% YoY). The company reported a record executed contracts and awarded orders backlog of $2.2 billion and guided 2026 revenue of $1.4–1.5 billion. Q4 profitability metrics in the release reflected project timing and prior restructuring; management emphasized global expansion of DuraTrack solar trackers.

  • Q4 revenue $226.0M; full-year revenue $1.28B (+40% YoY).
  • Record backlog $2.2B supports visibility.
  • 2026 revenue guidance $1.4–1.5B.
  • Global utility-scale solar tracker demand and DuraTrack adoption.

Headline financials

Total Revenue

$226M

No prior period
EPS (adj)

-$0.01

No prior period
Gross Margin

8.6%

No prior period
Adjusted Gross Margin

24.5%

No prior period
Adjusted EBITDA

$11.2M

No prior period
Net Loss to Common Shareholders

-$161M

No prior period
Orderbook

$2.2B

No prior period
Book-to-Bill Ratio

2

No prior period
Net Income

-$146M

No prior period
Operating Income

-$148M

No prior period
Gross Profit

$19.3M

No prior period

Revenue & EPS history

Array Technologies · Revenue · Quarterly

$226M

Q4 2025
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

Array guides 2026 revenue of $1.4–1.5 billion, reflecting backlog conversion and international project wins.

Tailwinds

  • Backlog at record $2.2B underpins multi-year growth.
  • 40% full-year revenue growth demonstrates share gains.
  • Utility-scale solar deployment tailwinds globally.

Headwinds

  • Project timing can swing quarterly margins and earnings.
  • Steel/aluminum input costs and tariff exposure.
  • Competitive tracker pricing in utility EPC bids.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 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 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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 2020-45.9%-42.8%-34.4%
Q1 2021-45.9%-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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