Filing Flows › Array Technologies (ARRY) › Q1 2026
Array Technologies (ARRY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Array Technologies (ARRY) reported revenue of $223M for the first quarter 2026 (Q1 2026), -26% from a year earlier and -1% from the quarter before. Operating margin was 3.2%, net earnings $2.0M (0.9% of revenue).
Array Technologies, Q1 2026: revenue $223M (-26% year over year), operating margin 3.2%, net earnings $2.0M, operating cash flow −$29.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $223M | -1% | -26% |
| Gross profit | $63.0M | +226% | -18% |
| Operating profit | $7.1M | — | -74% |
| Net earnings | $2.0M | — | -88% |
| Operating cash flow | −$29.4M | -167% | — |
What changed
Revenue was $223.4M in Q1 2026, down 26% year over year and down 1% from the previous quarter. Array Legacy Operations was the largest line at 97% of revenue. STI Operations lost $83.1M year over year (down 93%), 105% of the total change.
Gross margin was 28.2%, up 2.9 points from Q1 2025. Operating profit was $7.1M, a 3.2% margin (down 5.8 points year over year). Operating expenses grew 14% against a revenue fall of 26%. The fastest-growing cost line was Research & development (+25%). Net earnings were $2.0M, down 88% year over year. The effective tax rate was 51.6%.
Operating cash flow was −$29.4M. Non-cash charges added back $8.1M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $43.4M. Capital expenditures of $7.5M exceeded it, leaving free cash flow of −$36.9M.
Questions
What was Array Technologies' revenue in the first quarter 2026?
Array Technologies (ARRY) reported revenue of $223M for the first quarter 2026 (Q1 2026), -26% from a year earlier and -1% from the quarter before.
Was Array Technologies profitable in the first quarter 2026?
Operating profit was $7.1M (3.2% of revenue) and net earnings $2.0M.
Source: Array Technologies 10-Q on SEC EDGAR.