Array Technologies (ARRY) Net Income (2019 - 2026)
Array Technologies (ARRY) posted Net Income of $24.3 million for Q2 2026, up 1117.98% on a QoQ basis from $2.0 million in Q1 2026, and down 43.78% year-over-year from $43.3 million in Q2 2025.
Analysis
Array Technologies (ARRY) Net Income (2019 - 2026) Analysis & Trends
Array Technologies has reported Net Income for 8 years, with the latest figure at $24.3 million in Q2 2026.
- On a quarterly basis, Net Income fell 43.78% year-over-year to $24.3 million in Q2 2026; TTM through Jun 2026 was -$85.9 million, a 58.75% increase from a year earlier, with the FY2025 full-year figure at -$52.2 million, up 78.27% from the prior year.
- Net Income was $24.3 million for Q2 2026 at Array Technologies, up from $2.0 million in the prior quarter.
- The five-year high for Net Income was $65.1 million in Q2 2023, with the low at -$145.7 million in Q4 2025.
- Average Net Income over 5 years is -$6.9 million, with a median of $18.0 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Net Income jumped 1396.12% in 2023, then plunged 755.91% in 2024.
- Over 5 years, Net Income stood at -$5.3 million in 2022, then soared by 467.16% to $19.3 million in 2023, then slumped by 755.91% to -$126.9 million in 2024, then decreased by 14.87% to -$145.7 million in 2025, then surged by 116.69% to $24.3 million in 2026.
- The last three Net Income figures came in at $24.3 million (Q2 2026), $2.0 million (Q1 2026), and -$145.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.33 Bn | 20.60 Bn | 605.00 Mn | 422.57 Mn |
| 2 | Nextpower | 12.26 Bn | 11.04 Bn | 335.85 Mn | 165.36 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.92 Bn | 175.01 Mn | 36.08 Mn |
| 4 | Solaredge Technologies | 2.05 Bn | 1.47 Bn | 95.15 Mn | -30.75 Mn |
| 5 | T1 Energy | 1.31 Bn | 1.09 Bn | 49.10 Mn | -43.54 Mn |
| 6 | Shoals Technologies | 1.17 Bn | 1.15 Bn | 49.53 Mn | 12.14 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -85.77 Mn |
| 8 | Array Technologies | 694.70 Mn | 387.40 Mn | 99.60 Mn | 24.32 Mn |
| 9 | JinkoSolar Holding | 613.25 Mn | -2.07 Bn | 75.62 Mn | -214.75 Mn |
| 10 | Toyo | 132.44 Mn | 22.39 Mn | 36.97 Mn | 25.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.32 Mn |
| Mar 31, 2026 | 2.00 Mn |
| Dec 31, 2025 | -145.74 Mn |
| Sep 30, 2025 | 33.50 Mn |
| Jun 30, 2025 | 43.26 Mn |
| Mar 31, 2025 | 16.75 Mn |
| Dec 31, 2024 | -126.87 Mn |
| Sep 30, 2024 | -141.40 Mn |
| Jun 30, 2024 | 25.70 Mn |
| Mar 31, 2024 | 2.17 Mn |
| Dec 31, 2023 | 19.34 Mn |
| Sep 30, 2023 | 23.10 Mn |
| Jun 30, 2023 | 65.12 Mn |
| Mar 31, 2023 | 29.64 Mn |
| Dec 31, 2022 | -5.27 Mn |
| Sep 30, 2022 | 40.64 Mn |
| Jun 30, 2022 | -5.02 Mn |
| Mar 31, 2022 | -25.94 Mn |
| Dec 31, 2021 | -21.91 Mn |
| Sep 30, 2021 | -27.52 Mn |