Filing Flows › Array Technologies (ARRY) › Q3 2026 › vs Q3 2025
Array Technologies (ARRY) Q3 2026 vs Q3 2025 (year over year)
Array Technologies's revenue fell $63.3M (-16%) from $393M in Q3 2025 to $330M in Q3 2026. Gross margin 21.0% against 26.9% (-5.9 pts).
Array Technologies, Q3 2026: revenue $330M (-16% year over year), operating margin 4.2%, net earnings $8.2M, operating cash flow $4.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 21.0% | 26.9% | -5.9 pts |
| Operating margin | 4.2% | 11.6% | -7.3 pts |
| Net margin | 2.5% | 8.5% | -6.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $330M | $393M | −$63.3M | -16% |
| Gross profit | $69.2M | $106M | −$36.5M | -34% |
| Cost of revenue | $261M | $288M | −$26.8M | -9% |
| Operating profit | $13.9M | $45.5M | −$31.5M | -69% |
| Operating expenses | $55.3M | $60.2M | −$4.9M | -8% |
| Pre-tax earnings | $9.8M | $43.4M | −$33.6M | -77% |
| Other expense, net | $4.1M | $2.0M | $2.1M | +104% |
| Net earnings | $8.2M | $33.5M | −$25.3M | -76% |
| Income tax | $1.7M | $9.9M | −$8.3M | -83% |
| Operating cash sources | $20.0M | $45.1M | −$25.1M | -56% |
| Depreciation & amortization | $9.3M | $7.0M | $2.4M | +34% |
| Share-based compensation | $2.5M | $4.6M | −$2.2M | -46% |
| Working capital & other | $15.4M | $17.7M | −$2.4M | -13% |
| Operating cash flow | $4.6M | $27.4M | −$22.7M | -83% |
| Capital expenditures | $5.7M | $5.5M | $187K | +3% |
| Negative free cash flow (OCF − capex) | $1.1M | −$21.9M | $22.9M | — |
Questions
How much did Array Technologies's revenue grow year over year in Q3 2026?
Array Technologies's revenue fell $63.3M (-16%) from $393M in Q3 2025 to $330M in Q3 2026. Gross margin 21.0% against 26.9% (-5.9 pts).