Short answer
Array Technologies, Inc. (ARRY) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $223M (down 26.1% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $223M
- −26.1% YoY
- Net income
- $2M
- −88.1% YoY
- Operating margin
- 3.2%
- Gross margin
- 28.2%
- EPS (diluted)
- −$0.09
- −550.0% YoY
Source: XBRL data from the Array Technologies, Inc. (ARRY) Q1 2026 10-Q on SEC EDGAR. USD.
Array Technologies, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $223.4M, down 26% YoY from $302.4M, driven by STI Operations declining 93% to $6.0M
- Gross margin 28.2% vs 25.3% YoY; net income $2.0M vs $16.7M
- Best segment Array Legacy revenue $217.4M, up 2%; worst STI gross margin (37.4)% vs 12.1%
- Cash balance $200.7M; operating cash outflow $29.4M vs $13.1M YoY
- Management expects operating cash flows and available borrowing capacity to meet liquidity needs; macroeconomic issues reduced STI volume approximately 96%
Risk Factors
- No material changes to 2025 Annual Report risk factors
- Credit risk context: Amendment No. 5 to Credit Agreement dated February 18, 2026
- Insider-trading compliance: Rule 10b5-1 plan covering up to 10,000 shares
- Executive trading-plan exposure: Neil Manning’s plan expires March 16, 2027
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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