Array Technologies (ARRY) Operating Income (2019 - 2026)
Array Technologies (ARRY) posted Operating Income of $34.8 million for Q2 2026, up 389.03% on a QoQ basis from $7.1 million in Q1 2026, and down 25.04% year-over-year from $46.4 million in Q2 2025.
Analysis
Array Technologies (ARRY) Operating Income (2019 - 2026) Analysis & Trends
Array Technologies has reported Operating Income for 8 years, with the latest figure at $34.8 million in Q2 2026.
- On a quarterly basis, Operating Income fell 25.04% year-over-year to $34.8 million in Q2 2026; TTM through Jun 2026 was -$60.8 million, a 69.81% increase from a year earlier, with the FY2025 full-year figure at -$29.0 million, up 87.23% from the prior year.
- Operating Income was $34.8 million for Q2 2026 at Array Technologies, up from $7.1 million in the prior quarter.
- The five-year high for Operating Income was $96.2 million in Q2 2023, with the low at -$148.1 million in Q4 2025.
- Average Operating Income over 5 years is -$1.0 million, with a median of $22.2 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Income tumbled 2222.65% in 2022, then jumped 821.88% in 2023.
- Over 5 years, Operating Income stood at $16.3 million in 2022, then surged by 84.84% to $30.2 million in 2023, then tumbled by 571.03% to -$142.3 million in 2024, then decreased by 4.05% to -$148.1 million in 2025, then jumped by 123.47% to $34.8 million in 2026.
- The last three Operating Income figures came in at $34.8 million (Q2 2026), $7.1 million (Q1 2026), and -$148.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.55 Bn | 19.83 Bn | 605.00 Mn | 450.39 Mn |
| 2 | Nextpower | 12.00 Bn | 10.79 Bn | 335.85 Mn | 190.91 Mn |
| 3 | Enphase Energy | 4.58 Bn | 3.64 Bn | 175.01 Mn | 51.52 Mn |
| 4 | Solaredge Technologies | 1.85 Bn | 1.26 Bn | 95.15 Mn | -16.05 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -22.78 Mn |
| 6 | Shoals Technologies | 1.14 Bn | 1.13 Bn | 49.53 Mn | 18.72 Mn |
| 7 | Canadian Solar | 860.97 Mn | -605.53 Mn | 168.48 Mn | -71.06 Mn |
| 8 | Array Technologies | 671.63 Mn | 364.32 Mn | 99.60 Mn | 34.77 Mn |
| 9 | JinkoSolar Holding | 601.61 Mn | -2.08 Bn | 75.62 Mn | -211.70 Mn |
| 10 | Toyo | 129.43 Mn | 19.38 Mn | 36.97 Mn | 22.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.77 Mn |
| Mar 31, 2026 | 7.11 Mn |
| Dec 31, 2025 | -148.11 Mn |
| Sep 30, 2025 | 45.45 Mn |
| Jun 30, 2025 | 46.38 Mn |
| Mar 31, 2025 | 27.28 Mn |
| Dec 31, 2024 | -142.35 Mn |
| Sep 30, 2024 | -132.68 Mn |
| Jun 30, 2024 | 39.60 Mn |
| Mar 31, 2024 | 8.41 Mn |
| Dec 31, 2023 | 30.22 Mn |
| Sep 30, 2023 | 40.21 Mn |
| Jun 30, 2023 | 96.24 Mn |
| Mar 31, 2023 | 47.46 Mn |
| Dec 31, 2022 | 16.35 Mn |
| Sep 30, 2022 | 17.19 Mn |
| Jun 30, 2022 | -13.33 Mn |
| Mar 31, 2022 | -38.34 Mn |
| Dec 31, 2021 | -20.01 Mn |
| Sep 30, 2021 | -19.52 Mn |