Array Technologies reported Q1 FY2026 revenue of $223.4 million, down 26.1% year-over-year. Net income was $2.0 million, a decrease of 88.1% from the prior year. Operating income fell 73.9% to $7.1 million. Diluted EPS was -$0.09, compared to $0.02 in Q1 FY2025.
•Revenue declined 26.1% YoY to $223.4 million.
•Net income dropped 88.1% to $2.0 million.
•Operating income fell 73.9% to $7.1 million.
•Diluted EPS was -$0.09, down 550% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Array Technologies provides the manufacture and sale of solar tracking technology products globally. Its business is organized into two segments, Array Legacy Operations and STI Operations.
The company's products portfolio includes DuraTrack HZ V3, a single axis tracker. Its portfolio also includes Array STI H250, a dual-row tracker system, Array OmniTrack, Array SkyLink, a photovoltaic-powered control tracker system, and SmarTrack, a software and control-based product. Incorporated in 1987, Array Technologies is headquartered in Albuquerque, New Mexico.
Array Technologies, Inc. is a leading manufacturer and seller of solar tracking technology products. The company's solutions are designed to optimize energy production from solar panels by following the sun's movement throughout the day. Its product portfolio includes the DuraTrack HZ V3, a single-axis tracker; the Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. The business operates through two segments: Array Legacy Operations and STI Operations. Founded in 1987, Array Technologies is headquartered in Albuquerque, New Mexico, and serves customers globally.
On which stock exchange is Array Technologies (ARRY) listed and what is its trading currency?
Array Technologies, Inc. is listed on the Nasdaq Global Market (NasdaqGM) under the ticker symbol ARRY. The company's shares are traded in US dollars (USD). As a US-based company incorporated in Delaware and headquartered in Albuquerque, New Mexico, its primary listing is on a major US exchange, providing liquidity and accessibility for investors interested in the solar energy technology sector.
What sector and industry does Array Technologies (ARRY) operate in?
Array Technologies operates in the Technology sector, specifically within the Solar industry. This classification reflects the company's focus on developing and manufacturing advanced solar tracking systems that enhance the efficiency of photovoltaic power plants. By combining hardware (trackers) with software (SmarTrack), Array Technologies plays a key role in the renewable energy ecosystem, helping solar installations generate more electricity compared to fixed-tilt systems.
Where is Array Technologies (ARRY) headquartered and what markets does it serve?
Array Technologies is headquartered in Albuquerque, New Mexico, United States. The company was incorporated in 1987 and has since grown to serve global markets. Its solar tracking technology products are sold worldwide, catering to utility-scale solar projects and commercial installations. The company's geographic reach is supported by its two business segments: Array Legacy Operations and STI Operations, which together provide a comprehensive range of tracking solutions for diverse climates and terrains.
What are the main products and segments of Array Technologies (ARRY)?
Array Technologies organizes its business into two segments: Array Legacy Operations and STI Operations. The company's product portfolio includes several solar tracking systems: DuraTrack HZ V3, a single-axis tracker known for reliability; Array STI H250, a dual-row tracker system; Array OmniTrack; and Array SkyLink, a photovoltaic-powered control tracker system. Additionally, SmarTrack is a software and control product that optimizes tracker performance using real-time data. These products are designed to maximize energy yield for solar power plants, making Array a key player in the solar tracking technology market.