Array Technologies, Inc.(ARRY)— Stock Profile, AI Score & Financials
Consumer Discretionary · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Array Technologies, Inc. (ARRY) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores ARRY at 40.2/100 on a 32-signal composite quality model, placing it at rank #2,116 of 2,961 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue growth (16.2) and balance sheet strength (22.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Array Technologies, Inc. reports quarterly revenue of $342.1M, net income of $24.3M, free cash flow of $113.6M. Top institutional holders of ARRY by reported 13-F value include BlackRock, UBS Group AG, Hill City Capital, based on the most recent SEC filings. ARRY trades on the Nasdaq exchange and files with the SEC under CIK 1820721. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ARRY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Array Technologies, Inc. directly from SEC EDGAR.
AI Quality Score
40.2/100
AI Rank
#2,116
Revenue
$342.1M
Net Income
$24.3M
Free Cash Flow
$113.6M
ARRY key financials by period
Array Technologies, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$1.3B
$-52.2M
-2.3%
FY 2024
10-K
$915.8M
$-240.4M
-24.8%
FY 2023
10-K
$1.6B
$137.2M
13.6%
FY 2022
10-K
$1.6B
$4.4M
-1.1%
FY 2021
10-K
$853.3M
$-50.4M
-2.9%
FY 2020
10-K
$872.7M
$59.1M
10.9%
Institutions holding ARRY
Institutional investors reporting a position in Array Technologies, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue declined 15% YoY to $565.5M driven by 83% drop in STI Operations, while Array Legacy Operations grew 6% and gross margin improved to 28.8% despite volume headwinds.
Biggest Revenue Drivers
Array Legacy Operations$537.7M+6% YoY
Increased 15% in average selling prices, partially offset by 7% reduction in volume; includes APA contributions since August 2025 acquisition.
STI Operations$27.8M-83% YoY
Volume decreased approximately 82% and average selling prices declined 4%.
Biggest Revenue Drivers
Total revenue: $565.5M-15% YoY
Array Legacy Operations$537.7M+6% YoY
Increased 15% in average selling prices, partially offset by 7% reduction in volume; includes APA contributions since August 2025 acquisition.
STI Operations$27.8M-83% YoY
Volume decreased approximately 82% and average selling prices declined 4%.
Largest Expense Items
General and administrative$104.7M+18% YoY
Increase of $16.9M from personnel-related expenses and $2.8M service-related expenses.
Cost of product and service revenue$391.6M-19% YoY
Decreased in line with lower volume; includes cost reductions from productivity initiatives.
Depreciation and amortization$16.2M+47% YoY
Increase primarily from $4.7M of incremental depreciation and amortization contributed by APA acquisition.
Margins: Consolidated gross margin improved to 28.8% for six months ended June 30, 2026 from 26.1% in prior year, driven by Array Legacy Operations' 30.5% margin reflecting higher average selling prices despite higher cost per watt. STI Operations margin declined significantly to (4.1)% from 15.0% due to volume collapse and cost pressures.
Watch Items from the Filing
STI Operations revenue collapsed 83% YoY to $27.8M (6% of total), with gross margin turning negative at (4.1)%. Volume down 82% and pricing down 4%, indicating severe operational challenges in international segment.
Proposed AWM acquisition ($153M base price plus $50M earn-out and deferred payments) pending regulatory approval, expected Q3 2026 close; adds wire management product line to portfolio.
OBBB legislation eliminating solar ITC after December 31, 2027 (unless construction begins by July 4, 2026) and new foreign entity limitations on credits could materially impact customer demand and project timing.
Remaining performance obligations of $413.7M as of June 30, 2026, with 99% expected to be recognized within next 12 months, indicating strong near-term revenue visibility.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
