ARRAY TECHNOLOGIES INC (NASDAQ:ARRY) Surges After Strong Q2 2025 Earnings Beat and Raised Guidance

ARRAY TECHNOLOGIES INC (NASDAQ:ARRY) Reports Strong Q2 2025 Earnings, Beats Estimates

ARRAY TECHNOLOGIES INC (ARRY) delivered a solid performance in the second quarter of 2025, surpassing analyst expectations on both revenue and earnings per share (EPS). The company reported revenue of $362.2 million, significantly exceeding the consensus estimate of $296.3 million. Adjusted EPS came in at $0.25, beating the projected $0.20.

Key Financial Highlights

• Revenue Growth: Q2 revenue rose 42% year-over-year, driven by strong demand for solar tracking systems and improved execution.
• Profitability: Adjusted gross margin improved to 27.8%, up from the previous quarter, reflecting cost efficiencies and a higher-margin order book.
• Net Income: Net income to common shareholders was $28.5 million, with adjusted EBITDA reaching $63.6 million.
• Order Backlog: Total executed contracts and awarded orders stood at $1.8 billion, with a gross book-to-bill ratio of approximately 1x.

Market Reaction

Following the earnings release, ARRY shares surged 13.7% in after-hours trading, signaling strong investor approval of the results. The positive reaction suggests that the market was particularly encouraged by the revenue beat and improved profitability guidance.

Outlook vs. Analyst Estimates

Management raised its full-year 2025 guidance, now expecting:

• Revenue: $1.180 billion to $1.215 billion (vs. analyst consensus of $1.153 billion).
• Adjusted EBITDA: $185 million to $200 million.
• Adjusted EPS: $0.63 to $0.70.

The upward revision aligns with the company’s confidence in continued execution and demand for utility-scale solar solutions.

Strategic Developments

• APA Solar Acquisition: The company signed a definitive agreement to acquire APA Solar, expected to close soon, which could further enhance its product offerings.
• Debt Restructuring: ARRY issued $345 million in new convertible notes, repaid its term loan, and repurchased $100 million of 2028 convertible notes at a discount, improving its balance sheet.

Conclusion

ARRAY TECHNOLOGIES INC’s Q2 results demonstrate strong execution, with revenue and EPS comfortably exceeding expectations. The raised full-year outlook and strategic moves, including the APA Solar acquisition, position the company for sustained growth in the solar tracking sector.

For more detailed earnings estimates and historical performance, visit ARRY’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.