Filing Flows › Array Technologies (ARRY) › Q2 2026 › vs Q1 2026
Array Technologies (ARRY) Q2 2026 vs Q1 2026 (quarter over quarter)
Array Technologies's revenue rose $119M (+53%) from $223M in Q1 2026 to $342M in Q2 2026. The biggest changes: Array Legacy Operations +$103M (+47%); STI Operations +$15.7M (+261%). Gross margin 29.1% against 28.2% (+0.9 pts).
Array Technologies, Q2 2026: revenue $342M (-6% year over year), operating margin 10.2%, net earnings $24.3M, operating cash flow $121M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 29.1% | 28.2% | +0.9 pts |
| Operating margin | 10.2% | 3.2% | +7.0 pts |
| Net margin | 7.1% | 0.9% | +6.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Array Legacy Operations | $320M | $217M | $103M | +47% |
| STI Operations | $21.8M | $6.0M | $15.7M | +261% |
| Revenue | $342M | $223M | $119M | +53% |
| Gross profit | $99.6M | $63.0M | $36.6M | +58% |
| Cost of revenue | $242M | $160M | $82.1M | +51% |
| Operating profit | $34.8M | $7.1M | $27.7M | +389% |
| Operating expenses | $64.8M | $55.9M | $8.9M | +16% |
| Pre-tax earnings | $31.7M | $4.1M | $27.6M | +669% |
| Other expense, net | $3.0M | $3.0M | $58K | +2% |
| Research & development | $5.0M | $3.0M | $2.0M | +67% |
| General & admin | $54.3M | $50.4M | $3.9M | +8% |
| Other operating costs | $5.5M | $2.5M | $3.0M | +121% |
| Net earnings | $24.3M | $2.0M | $22.3M | 12× |
| Income tax | $7.4M | $2.1M | $5.2M | +247% |
| Depreciation & amortization | $8.1M | $8.1M | −$4K | 0% |
| Share-based compensation | $4.6M | $3.9M | $638K | +16% |
| Working capital & other | $84.3M | −$43.4M | $128M | — |
| Operating cash flow | $121M | −$29.4M | $151M | — |
Questions
How much did Array Technologies's revenue grow quarter over quarter in Q2 2026?
Array Technologies's revenue rose $119M (+53%) from $223M in Q1 2026 to $342M in Q2 2026.
What drove Array Technologies's revenue change in Q2 2026?
Array Legacy Operations +$103M (+47%); STI Operations +$15.7M (+261%).