Array Technologies
ARRY · NASDAQ
Key indicators
ARRY profitability and balance sheet ratios
EPS $0.1564 in Q2 FY26, down 44.7% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | -$0.9304 |
| Q4 FY24 | -$0.8352 |
| Q1 FY25 | $0.1096 |
| Q2 FY25 | $0.2826 |
| Q3 FY25 | $0.2174 |
| Q4 FY25 | -$0.9541 |
| Q1 FY26 | $0.0131 |
| Q2 FY26 | $0.1564 |
Where the money went
Q2 FY26, from revenue to net income
Array Technologies brought in $342.1M of revenue in Q2 FY26, −5.6% on a year earlier. 2¢ of every dollar became profit.
- Revenue
- $342.1M
- Costs, expenses and taxes
- $333.6M
- Net income
- $8.4M
- Net margin
- 2.5%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $226.0M | $223.4M | $342.1M |
| Gross profit | $19.3M | $63.0M | $99.6M |
| Operating income | −$148.1M | $7.1M | $34.8M |
| Net income | −$161.2M | −$13.5M | $8.4M |
| Diluted EPS | -$1.07 | -$0.09 | $0.05 |
Balance sheet
What the company owns and owes at period end
| Line item | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total assets | $1.7B | $1.7B | $1.4B |
| Total liabilities | $1.3B | $1.1B | $1.1B |
| Shareholder equity | $0.4B | $0.6B | $0.3B |
| Cash and short-term investments | $0.1B | $0.2B | $0.4B |
| Total debt | $0.8B | $0.7B | $0.7B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $43.6M | −$29.4M | $121.3M |
| Investing cash flow | −$8.5M | −$7.5M | −$7.6M |
| Financing cash flow | −$12.5M | −$7.6M | −$9.5M |
| Capital expenditure | −$7.5M | −$7.5M | −$7.6M |
| Free cash flow | $36.2M | −$36.9M | $113.6M |
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