ARRAY Technologies Q2 revenue $362.2mln, up 84% YoY.

• ARRAY Technologies reports Q2 2025 revenue of $362.2 million • Gross margin at 26.8% • Adjusted gross margin at 27.8% • Net income at $28.5 million • Adjusted EBITDA at $63.6 million • Total contracts and orders at $1.8 billion • Signed definitive purchase agreement to acquire APA Solar

Array Technologies Inc. (NASDAQ: ARRY), a leading provider of solar tracking technology, has reported robust financial results for the second quarter of 2025. The company's revenue for the period reached $362.2 million, surpassing the IBES estimate of $290.4 million. This represents a 20% sequential growth compared to Q1 2025, demonstrating strong commercial execution.

The company's gross margin for Q2 2025 was 26.8%, while the adjusted gross margin was 27.8%. Net income for the period was $28.5 million, and adjusted EBITDA stood at $63.6 million. These figures reflect the company's operational efficiency and profitability.

Array Technologies also reported total executed contracts and awarded orders of $1.8 billion for the quarter, indicating a healthy orderbook. Year-to-date volume growth is up 84% compared to 2024, showcasing the company's strong market performance.

Significant developments include the signing of a definitive purchase agreement to acquire APA Solar, which is expected to close soon. This strategic move aims to complement Array's product portfolio. The company also issued $345 million in convertible notes, enabling it to fully repay its higher-interest term loan and repurchase $100 million of 2028 convertible notes at a roughly 20% discount. This refinancing has improved the company's capital structure and debt maturity profile.

For the full year 2025, Array Technologies has raised its guidance, projecting revenue between $1.180 billion and $1.215 billion, adjusted EBITDA of $185 million to $200 million, and adjusted EPS of $0.63 to $0.70. These upward revisions reflect the company's strong H1 performance and confidence in continued execution through the year-end.

Array Technologies' strategic moves, including the acquisition of APA Solar and the launch of the Hail XP™ product, demonstrate the company's commitment to innovation and growth. The company remains focused on meeting customer needs and preparing for potential regulatory changes, particularly around domestic content requirements.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-07:newsml_PLXC77752:0-brief-array-technologies-q2-adjusted-eps-usd-0-25-vs-ibes-estimate-usd-0-2/
[2] https://www.stocktitan.net/news/ARRY/array-technologies-inc-reports-financial-results-for-the-second-goi16bkjjcvg.html