Array Technologies (ARRY) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Array Technologies delivered a mixed fourth quarter for fiscal 2025, beating revenue expectations while falling well short on earnings. The solar tracking company posted Q4 revenue of $226.04 million, clearing the $211.34 million consensus by 6.96%, … Read more Array Technologies delivered a mixed fourth quarter for fiscal 2025, beating revenue expectations while falling well short on earnings. The solar tracking company posted Q4 revenue of $226.04 million, clearing the $211.34 million consensus by 6.96%, though that figure still represented a 17.9% decline year-over-year. The bottom line told a harder story: adjusted EPS came in at negative $0.01, missing the $0.00 consensus estimate by 869.23%, weighed down most significantly by a $102.56 million non-cash goodwill impairment charge tied to the 2022 STI acquisition and a $29.52 million inventory valuation charge related to the phase-out of STI H250 inventory incompatible with SmarTrack. Some analysts responded by trimming price targets and issuing neutral ratings, citing the weaker-than-expected adjusted EBITDA alongside the headline misses. Still, management pointed to a record $2.20 billion orderbook and full-year 2025 revenue of $1.28 billion, representing 40% growth, as evidence of underlying momentum. Looking ahead, the company guided FY2026 revenue of $1.40 billion to $1.50 billion, with adjusted EPS of $0.65 to $0.75.